There are ten million active Air Miles accounts in Canada, which represents an astounding two-thirds of Canadian households. Air Miles has been a popular reward program since it was launched in Canada in 1992.
Many Canadians collect and redeem Air Miles to help pay for travel and travel-related expenses such as flights, hotels, vehicle rentals, vacation packages, and cruises. While Air Miles are redeemable for travel and related items expenses, members can use their Air Miles for other rewards.
Collectors can exchange their Air Miles for cash e-vouchers to use towards purchases at popular stores and services, including Starbucks, Hudson’s Bay, Uber Eats, Doordash, Spotify, etc. Collectors can also exchange their Air Miles for popular products and merchandise on the Air Miles website. The list of product categories available is impressive and includes Electronics, Kitchen and Dining, Home, Outdoor Living, Kids, Pets, Fashion and Beauty, Luggage, Sports and Fitness, Hobbies, and Entertainment.
Canadian banks and credit card companies offer personal and business credit cards that collect Air Miles automatically with every purchase. If you’re wondering what business credit cards offer the most Air Miles, you’re in the right place! We have found the 3 best business credit cards for Air Miles.
The 3 best business credit cards for Air Miles in Canada
Business credit cards help business owners make purchases when required and pay recurring expenses with little effort. Business credit cards also help businesses keep their personal and business purchases separate, making bookkeeping and corporate tax returns much simpler. Below are the 3 best business credit cards for air miles.
American Express AIR MILES Gold Business Card
- Annual fee: $0
- Interest rate on purchase: 19.99%
- Interest rate on cash advances: 22.99%
American Express AIR MILES Gold Business Card is an excellent business credit card for businesses looking to conveniently pay both immediate and recurring expenses and do not want to pay an annual fee or pay for additional cards given to their employees.
Earning Air Miles
With the American Express AIR MILES Gold Business Card, business owners will earn the following Air Miles: 1 Air Mile for every $15 spent at eligible Air Miles Partners; 1 Air Mile for every $20 spent everywhere else; 150 Air Miles when $1,000 has been spent using the card in the first three months; and, 2x the Air Miles when using both the American Express AIR MILES Gold Business Card and an Air Mile card at Air Mile partner businesses at the time of purchase. Business owners also receive up to $100,000 in Accidental Death and Dismemberment Insurance for themselves, their spouses, and children under 23 when traveling together. Travel insurance is also extended to other cardholders, such as employees traveling together.
Who is the American Express AIR MILES Gold Business Card best for?
The American Express AIR MILES Gold Business Card is best for businesses that are looking for value. With no annual fees, and free supplementary cards for employees, the American Express AIR MILES Gold Business Card provides a lot of value to new and small business owners who are cost conscious.
BMO AIR MILES World Elite Business Mastercard
The BMO AIR MILES World Elite Business Mastercard is the perfect business credit card for business owners looking to build their Air Mile balance quickly. Not only will businesses quickly collect Air Miles, but the BMO AIR MILES World Elite Business Mastercard also offers some serious perks.
Annual fee: $0 in the first year. $149 ongoing.
Interest rate: 19.99% for purchases/22.99% on cash advances.
Additional cards: Up to 22 additional cards for $0.†Conditions Apply.
Earning Air Miles
With the BMO AIR MILES World Elite Business Mastercard, businesses will earn the following Air Miles: 1 Air Mile for every $12 spent; 4x the Air Miles when purchasing goods or services from Air Miles partners; and, 3,000 Air Miles when a business spends at least $5,000 in the first three months of owning the credit card. Business owners also receive other valuable perks when using the BMO AIR MILES World Elite Business Mastercard.
Business owners are protected against employee credit card abuse with the Liability Waiver Program, and receive a complimentary membership in the Mastercard Travel Pass that allows members to enjoy Airport Lounge Access for $32 per person each visit. Owners of the credit card also receive extensive travel insurance through BMO Business Mastercard Travel Protection when they use the credit card to book their travel. Coverage includes, but isn’t limited to car rental collision damage waiver, trip cancellation or interruption, and baggage delay.
Who is the BMO AIR MILES World Elite Business Mastercard best for?
The BMO AIR MILES World Elite Business Mastercard is best for business owners who want to receive serious Air Miles by using their business credit cards. With this best business credit card for Air Miles, business owners will see their Air Mile balance increase dramatically with each purchase and recurring expense.
3. BMO AIR MILES No-Fee Business Mastercard
The BMO AIR MILES No-Fee Business Mastercard is ideal for business owners who are looking for overall business credit card value such as Air Miles rewards with regular use and low-interest rates.
Annual fee: $0.
Interest rate: 14.99% for purchases/22.99% on cash advances.
Additional cards: Up to 22 additional cards for $0.†Conditions Apply.
Earning Air Miles
With the BMO AIR MILES No-Fee Business Mastercard, business owners will earn the following Air Miles: 1 Air Mile for every $20 spent using the business card; 1.25x Air Miles for every $20 spent at participating Shell gas stations. The BMO AIR MILES No-Fee Business Mastercard also comes with a welcome offer of 1,000 Air Miles when approved for the business credit card.
Who is the BMO AIR MILES No-Fee Business MastercardBest for?
The BMO AIR MILES No-Fee Business Mastercard is best for new and small businesses who may not have the cash available for the annual fee many business credit cards come with. New and small businesses are also more likely to carry a balance on their business credit cards and having a lower interest rate will provide significant cost savings over time. While business owners will not build their Air Mile balances as fast as the American Express AIR MILES Gold Business Card, or BMO AIR MILES World Elite Business Mastercard, the reduced interest rate for purchases more than makes up for this if a balance is carried on the credit card.
BONUS: Air Miles business credit card alternatives
Below are two popular alternatives to the best business credit card for air miles that deserve honorable mentions.
American Express Business Edge Card
The American Express Business Edge Card offers business owners the following points: 10x the points for every $1 spend on on eligible office supplies & electronics, rides & gas, eats & drinks; 3x the points for every $1 spent on eligible office supplies & electronics, rides & gas, eats & drinks; and, 1x the points on the purchase of everything else. The business credit card also has a welcome bonus of 45,000 points when you charge $5,000 in the first 3 months of owning the credit card.
BMO World Elite Business Mastercard
Annual fee: $149
Interest rate: 17.99% for purchases/22.99% on cash advances.
Additional cards: Up to 22 additional cards for $0.†Conditions Apply.
The BMO World Elite Business Mastercard offers businesses the following points: 4 points for every $1 spent on gas, office supplies, cell phone and internet bill payments; and, 1.5 points for every $1 spent on every purchase.
Frequently asked questions about Air Miles business credit cards in Canada
In Canada, the Bank of Montreal (BMO) is the only major bank to offer business credit cards through Air Miles.
Businesses of all types, sizes and ages will benefit from accumulating Air Miles. Businesses need to manage their cash flow if they want their business to be successful. They can redeem their Air Miles to reduce their bill at the till of partner locations and redeem their Air Miles for e-vouchers they can use to purchase hundreds of valuable items on the Air Miles website.
Businesses can redeem their Air Miles at partner businesses, where for 95 Air Miles they will receive $10 off their bill at the till. Air Miles can also be used to purchase e-vouchers to use towards purchases at popular stores and services, including Starbucks, Hudson’s Bay, Uber Eats, Doordash, Spotify, etc. Air Miles collectors can also use their Air Miles to purchase popular products and merchandise directly on the Air Miles website. The list of product categories available is impressive and includes Electronics, Kitchen and Dining, Home, Outdoor Living, Kids, Pets, Fashion and Beauty, Luggage, Sports and Fitness, Hobbies, and Entertainment.
Find the best credit card for your business needs!
About The Author: Emma Martin
Emma Martin writes about the curiosities of finance. Her obsession with cryptocurrency keeps her writing most days about the best exchanges and wallets, and the wild world of NFTs. Her favourite exchanges right now are Bitbuy, NDAX, and VirgoCX.
Emma also invests in the stock market using Wealthsimple Trade. Other than crypto, Emma spends her time with her dog Brutus and shopping online with her Mastercard® KOHO Prepaid Card.
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