BMO operates two distinct loyalty programs: BMO Rewards (earned on travel cards) and Air Miles (via co-branded BMO Air Miles cards). This guide covers both ecosystems and identifies the best strategies for BMO cardholders in 2026.
KOHO — Complement Your BMO Card
Earn cashback on categories where BMO cards earn less.
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BMO Rewards vs BMO Air Miles
| Program | Currency | Best Cards | Redemption |
|---|---|---|---|
| BMO Rewards | BMO Rewards points | BMO Eclipse Visa Infinite | Travel, merchandise, statement credit |
| BMO Air Miles | Air Miles | BMO Air Miles World Elite MC | Dream/Cash Miles at Air Miles partners |
BMO Eclipse Visa Infinite — Best BMO Rewards Card
The BMO Eclipse earns 5x BMO Rewards on groceries, dining, drugstores, and gas — one of Canada's broadest accelerated earn categories. BMO Rewards points are worth approximately 0.5–0.7 cents each for travel redemptions, making the effective earn rate 2.5–3.5% on these categories. The $50 annual lifestyle credit reduces the effective $120 fee to $70. Authorized user cards are free.
BMO Rewards Point Values
| Redemption Method | Value per Point | Verdict |
|---|---|---|
| BMO Travel Portal (flights/hotels) | ~0.7c/pt | Best option |
| Statement credit | 0.5c/pt | Acceptable |
| Gift cards | 0.5c/pt | Avoid |
| Merchandise | 0.3-0.4c/pt | Poor value |
BMO Air Miles World Elite — For Air Miles Collectors
The BMO Air Miles World Elite earns 3x Air Miles at eligible partners (Shell gas, Metro grocery, participating retailers) and 1x everywhere else. The card is excellent for dedicated Air Miles collectors who want to accelerate earning on everyday spending. See our Air Miles Guide for full program details.
BMO CashBack World Elite — Pure Cashback Alternative
If you prefer straightforward cashback over loyalty programs, the BMO CashBack World Elite earns 3% on groceries and recurring bill payments, 1.5% on transit/gas, and 1% everywhere else — with a $120 annual fee. No points complexity, just cashback deposited automatically.
BMO Card Strategy
- Want travel rewards: BMO Eclipse VI (5x broad categories)
- Air Miles collector: BMO Air Miles World Elite MC (3x at Shell/Metro)
- Pure cashback: BMO CashBack World Elite (3% grocery/gas)