Best BMO Credit Cards

The Bank of Montreal has a credit card for every Canadian, with an excellent under-the-radar cashback card for reward seekers, low interest cards for balance carriers, a newly beefed up travel card, and the best student card for…students. The card that defines BMO, the most obvious source of unique value, is its line of Air Miles credit cards. Any Canadian that is into Air Miles should absolutely be carrying the BMO Air Miles World Elite.

Top Cards Offered by BMO

RankCardAnnual FeeRatingApply
BMO Air Miles World Elite
First Year Free Apply NowReview
BMO Cashback World Elite
$120 Apply Now
BMO Air Miles Mastercard
$0 Apply NowReview
BMO Sobeys Air Miles
$0 Apply Now
BMO SPC Air Miles Student Card
$0 Apply Now
BMO Cashback SPC Mastercard
$0 Apply NowReview

The BMO AirMiles Line

It is strange that, with a small hat tip to AMEX, BMO is the only real issuer that operates in the AirMiles space. After all, Air Miles is the most popular loyalty program in Canada with over 9 million enrolls.

Perhaps BMO’s dominance in the space has scared away any would-be challengers. The BMO World / BMO World Elite Mastercards not only offer the best Air Miles earn rates in the market, thanks to an exclusive arrangement they are the only cards to offer a 25% DISCOUNT on North American flights. If you are an Air Miles partisan, the BMO World Airmiles line of cards are must haves, despite the $99/$120 annual fees.

Often passed over because of the $120 annual fee, BMO’s Cashback World Elite elevates a good 1.75% cashback rate to the realm of excellent due to exceptional transparency, ease of redemption, and usability. All cashback is released according to customer requirement directly against your credit card bills or into a BMO chequing or savings account. More importantly, purchase protections – like extended warranties and insurance for lost or stolen purchases – justify the annual fee. Yes, other cards offer the same cashback percentages but no, they generally do not provide protections needed for larger item purchases.

As of right now, the BMO World Elite Mastercard is the best travel card in Canada. They have waived their $150 annual fee for the first year and $200 worth of points – FREE! Customers get 2% back in points, and the card is bundled with travel medical insurance, car collision protection, and four free airport lounge visits!

BMO Student Cards

BMO offers students their choice of cashback or Airmiles on Student Preferred Mastercards. Not only are these the only student cards that offer a rewards package, they attach no income or credit history requirement, and you get the SPC benefits for free rather than forking out $10 for it. Some nice perks at no annual fee, and most importantly you start building credit.

BMO SPC Air Miles Student Card
First Year FreeApply Now

BMO Cashback SPC Mastercard
$120Apply NowReview

Closing Balance

BMO at times slips under the radar. However, BMO might arguably offer the best portfolio of credit cards in Canada. The Airmiles credit cards in Canada are in a class of their own, they just threw down the gauntlet on their new World Elite travel card, and they offer the best student cards in the marketplace for good measure.

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