If you are an entrepreneur who loves to travel for business, the BMO Gold Air Miles MasterCard for Business might be a great option for you. Not only is it an excellent value card, but it also offers a wide range of benefits that can make your travels more comfortable and cost-effective. In this article, we’ll take a closer look at the benefits of this card, and why it might be the perfect choice for your business.
Access to Bonus Miles and Rebates
One of the most significant benefits of the BMO Gold Air Miles MasterCard for Business is that you get 1,000 bonus miles after your initial purchase. This is a great way to start accumulating points, which can later be used for flight-related expenses. Additionally, for the first three months, you get 1 mile back on your card for every $10 spent, and after that, you get 1 mile per $15 spent.
Another significant benefit of this card is that you can enjoy rebates when you purchase from eligible merchants. This can add up to significant savings, especially if your business spends a lot of money on travel-related expenses.
Employee Cards and Flexible Income Requirements
With the BMO Gold Air Miles MasterCard for Business, you can add employee cards onto the same account. This means that your whole team can take advantage of the benefits of this card, making it an excellent choice for businesses of all sizes.
Unlike other business cards in Canada, the BMO Gold Air Miles MasterCard for Business has flexible income requirements. You don’t need to provide extensive income proof to get approved, making it an accessible option for many entrepreneurs.
Perfect for Traveling Entrepreneurs
If your business spends a lot of time on the road, the BMO Gold Air Miles MasterCard for Business can be a great option for you. The card’s extensive travel-related benefits, including bonus miles and rebates, can help you reduce your travel expenses significantly.
Moreover, Air Miles is a well-established loyalty program that has been around for over 25 years. This means that you can use your points to book flights with many different airlines, including Air Canada, WestJet, and British Airways, among others.
Here is a comparison table of the BMO Gold Air Miles MasterCard for Business and two other credit cards with similar features:
| Credit Card | Annual Fee | Welcome Bonus | Miles per dollar | Employee cards | Other Benefits |
|---|---|---|---|---|---|
| BMO Gold Air Miles MasterCard for Business | $120 | 1,000 Bonus Miles after first purchase | 1 mile per $15 spent | Yes, with no additional fee | Rebates at eligible merchants |
| TD Aeroplan Visa Business Card | $149 | Up to 50,000 bonus miles | 1.5 miles per $1 spent on gas, travel, and dining | Yes, with no additional fee | Priority check-in, baggage, and boarding |
| American Express Business Gold Rewards Card | $250 | Up to 40,000 Membership Rewards points | 1 point per $1 spent | Yes, with additional fee | Flexible redemption options, extended warranty and purchase protection |
Note that the information above is subject to change and may not be up-to-date, so it’s essential to check with each bank for the latest information about their credit card offerings.
In general, the BMO Gold Air Miles MasterCard for Business is a good option for businesses that want to earn Air Miles for travel-related expenses. It offers a reasonable annual fee and a welcome bonus, and the ability to add employee cards with no additional fee is a plus. However, it may not be the best option for businesses that want to earn rewards in other categories, such as dining or gas.
The TD Aeroplan Visa Business Card is a good option for businesses that frequently fly with Air Canada, as it offers priority check-in, baggage, and boarding, and earns 1.5 miles per $1 spent on gas, travel, and dining. However, its annual fee is higher than the BMO Gold Air Miles MasterCard for Business.
The American Express Business Gold Rewards Card offers flexibility in redeeming rewards and extended warranty and purchase protection. However, it has a higher annual fee and earns only 1 point per $1 spent.
The BMO Gold Air Miles MasterCard for Business is a fantastic option for entrepreneurs who want to make their travels more cost-effective and comfortable. With its excellent selection of flight-related benefits, including bonus miles and rebates, this card can help you save money while earning rewards. Additionally, with its flexible income requirements and the ability to add employee cards, this card is accessible to businesses of all sizes. If you’re interested in finding out more about this card, don’t hesitate to contact BMO!