New BMO Business Credit Card Offers

Updated Aug 31, 2024
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To the point Here are the four BMO Business Credit Cards Welcome Offers: AIR MILES, Cash Back, BMO Rewards.

Travel Rewards

BMO Rewards® World Elite®* Business Mastercard®*

The BMO Rewards® World Elite®* Business Mastercard®* is one of the best À la carte Travel credit cards in Canada. You can earn up to 100,000 points as a welcome bonus:

  • 20,000 points on your first purchase within 75 days of account opening;
  • 8,000 points per month when you spend at least $3,000 per month, from the 3rd to the 12th month following account opening (for a total of 80,000 points).

Plus, there’s no annual fee for the first year! And you get 2 free annual visits to DragonPass airport lounges.

You can also benefit from a welcome interest rate of 0% on balance transfers for nine months (a 3% transfer fee applies).

With the BMO Rewards® World Elite®* Business Mastercard, you earn 4 points for every dollar spent on :

  • gas purchases
  • office supplies
  • cell phone/internet payments

And 1.5 points for every dollar you spend, including at Costco or for significant purchases at home improvement stores.

You can use BMO Rewards points for all travel purchases made through theagency or website of your choice (airline tickets, hotels, car rentals, all-inclusives, Airbnb, etc.) or for rewards and gift cards on the BMO Rewards platform.

You can also combine the points you earn with the other two BMO Rewards cards to save even more on your travels.

With the BMO Rewards® World Elite®* Business Mastercard®*, you benefit from various travel protections:

  • Collision Damage Waiver
  • Car Rental Personal Effects & Business Property
  • Car Rental Accidental Death & Dismemberment
  • Baggage & Personal Effects
  • Baggage insurance in case of delay
  • Flight Cancellation
  • Trip Interruption/Trip Delay
  • Flight delay
  • Common Carrier Insurance

And for your purchases :

  • Extended Warranty
  • Purchase Protection

Cash Back

BMO CashBack® Business Mastercard®*

The BMO CashBack Business Mastercard is one of Canada’s best cashback Mastercard business credit cards.

You can get 10% cash back for three months on:

  • gas purchases
  • office supply purchases
  • cell phone/internet payments

After that, you’ll get 1.5% on these purchases and 1.75% at Shell.

You can also enjoy a 0% introductory interest rate on balance transfers for nine months (with a 3% transfer fee).

AIR MILES

BMO AIR MILES®† World Elite®* Business Mastercard®*

The BMO AIR MILES® World Elite Business Mastercard particularly rewards AIR MILES collectors who wish to separate their personal and business spending.

You can earn 3,000 AIR MILES Bonus Miles in your first year! In addition, there is no annual fee for the first year.

You earn 4x the Miles when you use your card at participating AIR MILES Partners. And 1 Mile for every $12 you spend everywhere else, including Costco.

With the BMO AIR MILES®† World Elite®* Business Mastercard, you benefit from various travel protections:

  • Collision Damage Waiver
  • Car Rental Personal Effects & Business Property
  • Car Rental Accidental Death & Dismemberment
  • Baggage & Personal Effects
  • Baggage insurance in case of delay
  • Flight Cancellation
  • Trip Interruption/Trip Delay
  • Flight delay
  • Common Carrier Insurance

And for your purchases:

  • Extended Warranty
  • Purchase Protection

The BMO AIR MILES® World Elite Business Mastercard particularly rewards AIR MILES collectors who wish to separate their personal and business spending.

You can earn 3,000 AIR MILES Bonus Miles in your first year! In addition, there is no annual fee for the first year.

You earn 4x the Miles when you use your card at participating AIR MILES Partners. And 1 Mile for every $12 you spend everywhere else, including Costco.

With the BMO AIR MILES®† World Elite®* Business Mastercard, you benefit from various travel protections:

  • Collision Damage Waiver
  • Car Rental Personal Effects & Business Property
  • Car Rental Accidental Death & Dismemberment
  • Baggage & Personal Effects
  • Baggage insurance in case of delay
  • Flight Cancellation
  • Trip Interruption/Trip Delay
  • Flight delay
  • Common Carrier Insurance

And for your purchases:

  • Extended Warranty
  • Purchase Protection

BMO® AIR MILES® No-Fee Business® Mastercard®*

The BMO® AIR MILES® No-Fee Business Mastercard®* is the only AIR MILES Mastercard for Business credit card with no annual fee.

For a limited time, you can earn 1,000 AIR MILES Bonus Miles!

You earn 1 AIR MILES Reward Mile on every $20 you spend, including at Costco. And 1.25X the Miles at Shell.

On-demand Health Care with Maple

With the two new BMO World Elite Business Mastercards, you can access on-demand health care:

  • Get five free virtual care visits on Maple shared by you and your family members
  • 24/7 access to virtual care
  • Get support from Canadian-licensed general practitioners and mental health counsellors
  • Connect with a mental health counsellor on-demand within 12 hours or through a bookable visit, at your convenience

To register for Maple, you will need to complete the registration email that you will receive within two weeks of receiving your credit card.

Small Business Credit Cards accepted at Costco

If you are a Costco customer, some good news: these Mastercard credit cards are accepted at Costco.

So you can earn at Costco:

Costco Warehouse
Costco Warehouse

How to apply for a BMO Business Credit Card?

In the facebook group of milesopedia,many testimonials from members who get this card by declaring themselves as sole proprietor/self-employed.

You can report having a business activity that does not exceed $30,000 per year: buy/sell things on eBay – Kijiji, Home repair, housekeeping, consulting, etc. Or even buy at Costco for business. There is no lack of choice!

When you apply for the BMO AIR MILES® World Elite Mastercard for Business, here are some of the questions you’ll be asked (with suggested answers):

exigences bmo entreprise

Then you will have to give information about the type of business (here, Sole Proprietor):

bmo type entreprise

And about your industry (here: Personal and Household Service Industries / Other Services).

bmo renseignements

Then you have to answer No to the other 3 questions and then agree on the nature of the activities.

bmo activites nature

Then it will be your personal information, as with any credit card application. You will then be able to submit your application.

Bottom Line

Frequently Asked Questions about BMO Business Credit Cards

How to apply for a BMO Business Credit Card?

To apply for a BMO Business Credit Card, follow the process outlined in the article above.

You can report having a business activity that does not exceed $30,000 per year: buy/sell things on eBay – Kijiji, Home repair, housekeeping, consulting, etc. There is no lack of choice!

What is the best BMO Business Credit Card?

The four BMO Business Credit Cards offer a variety of rewards: cashback, AIR MILES Reward Miles, or travel points from BMO Rewards. So it’s up to you to choose the rewards that suit you best!

How do I earn cash back with a BMO Mastercard credit card?

See our guide to get your BMO credit card cash back.

Come to discuss that topic in our Facebook Group!
Jean-Maximilien Voisine

Jean-Maximilien Voisine

Jean-Maximilien Voisine
Jean-Maximilien, President and Founder of Milesopedia, is a recognized expert in rewards programs, credit cards, and travel in Canada and France. Approaching forty and a father of two, he has travelled to over 100 countries, half of them with his children and his wife, Audrey. Specializing in top loyalty programs like Aeroplan, American Express Membership Rewards, and Marriott Bonvoy, he guides travellers to maximize their benefits across North America and Europe.
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