The BMO Air Miles Platinum Mastercard sits in the middle of BMO’s Air Miles card lineup—earning more rewards than the entry-level Air Miles Mastercard while remaining accessible without the income requirements of the World Elite. It’s built for Air Miles collectors who want to accelerate their earning without moving to the premium tier.
Quick Verdict
Best for: Regular Air Miles collectors who want better earn rates than the entry BMO Air Miles card but don’t qualify for or need the World Elite tier.
Not ideal for: Those who qualify for the BMO Air Miles World Elite (better earn rates and benefits) or those who prefer cash back.
Key Card Details
| Feature | Details |
|---|---|
| Annual Fee | ~$99 CAD (verify at bmo.com) |
| Network | Mastercard |
| Rewards Program | Air Miles |
| Income Requirement | No stated minimum |
| Purchase Interest Rate | 19.99% |
| Cash Advance Rate | 22.99% |
| Foreign Transaction Fee | 2.5% |
Note: Annual fee, earn rates, and features are subject to change. Verify at bmo.com before applying.
Welcome Bonus
BMO periodically offers welcome bonuses on this card, such as bonus Air Miles on qualifying spend in the first few months. Check bmo.com for the current promotion.
Earn Rates
The BMO Air Miles Platinum Mastercard earns Air Miles on eligible purchases. Enhanced earn rates apply at Air Miles partner stores (Sobeys, Safeway, Shell, etc.), with a base rate on all other spending. Visit bmo.com for current earn rates.
Air Miles Redemption
Air Miles can be redeemed for:
- Flights (Air Miles Dream Rewards)
- Hotel stays and car rentals
- Merchandise and gift cards
- Cash back (Air Miles Cash at eligible stores)
Benefits and Perks
- Air Miles on all eligible purchases
- Travel accident insurance
- Purchase protection — theft and damage coverage
- Extended warranty
- BMO Mobile Banking integration
BMO Air Miles Card Lineup
| Card | Annual Fee | Income Req. | Best For |
|---|---|---|---|
| BMO Air Miles Mastercard | $0 | None | Entry no-fee Air Miles |
| BMO Air Miles Platinum Mastercard | ~$99 | None stated | Mid-tier earning |
| BMO Air Miles World Mastercard | $79 | None | Mid-tier with World benefits |
| BMO Air Miles World Elite Mastercard | $120 | $80,000 | Best earn rates + full travel |
Who Is This Card Best For?
- Air Miles collectors who spend at Air Miles partner stores
- Mid-income earners who don’t qualify for the World Elite
- BMO banking customers who want to consolidate banking and rewards
Alternatives
| Card | Annual Fee | Earn | Best For |
|---|---|---|---|
| BMO Air Miles World Elite Mastercard | $120 | Highest Air Miles | Premium earn rates |
| BMO Air Miles World Mastercard | $79 | Mid-tier | Alternate mid-option |
| Tangerine Money-Back Card | $0 | 2% cash back | No-fee flexible cash back |
Bottom Line
The BMO Air Miles Platinum Mastercard is a reasonable step up for Air Miles collectors who’ve outgrown the no-fee entry card. If you qualify for the World Elite, its stronger earn rates make it worth the extra cost. Otherwise, this Platinum card gives you a meaningful upgrade.
Disclaimer: Card terms, earn rates, annual fee, and features are subject to change. Verify all current details at bmo.com before applying.