May 16, 2018

BMO introduces 2x the miles accelerated earn rate on its Air Miles Mastercard

TORONTO--BMO and Air Miles have adjusted the reward program on their most popular Mastercard with no annual fee to allow cardholders to get rewards faster at over a dozen participating AIR MILES Partners.

Both new and existing cardholders will now get 2x the Miles at participating AIR MILES Partners - that's 2 Miles for every $20 they spend on their BMO AIR MILES Mastercard at participating AIR MILES Partner retailers across Canada including Sobeys, IGA, Shell, Rexall, Jean Coutu, Safeway, Lawtons and many more. Plus, for a limited time, new customers will also get a welcome offer of 500 Bonus Miles. All this is in addition to the Miles customers will get from AIR MILES Partners when using their AIR MILES Card.

"We are thrilled to enhance the value the BMO AIR MILES Mastercard delivers on purchases at participating AIR MILES Partners," said Jennifer Hawkins, Head, North American Retail Payments, BMO Bank of Montreal. "As always, this enhancement was created with our customers in mind and gives AIR MILES Collectors nationwide even more reasons to use the BMO AIR MILES Mastercard and shop with AIR MILES Partners."

"AIR MILES is always looking to add value to the Program for Collectors by offering ways in which they can get more Miles faster on their everyday purchases at participating Partners," said Blair Cameron, President of the AIR MILES Reward Program. "We're excited to launch these new benefits in partnership with BMO to show Canadians how Miles bring them closer to unique Rewards and experiences."

BMO and AIR MILES have been Partners since the inception of the Program in 1992 - getting 2x the Miles at participating AIR MILES Partners is BMO's best earn rate to date and a benefit to those who are already shopping using their BMO AIR MILES Mastercard.

Serving customers for 200 years and counting, BMO is a highly diversified financial services provider – the 8thlargest bank, by assets, in North America. With total assets of $728 billion as of January 31, 2018, and a team of diverse and highly engaged employees, BMO provides a broad range of personal and commercial banking, wealth management and investment banking products and services to more than 12 million customers and conducts business through three operating groups: Personal and Commercial Banking, BMO Wealth Management and BMO Capital Markets.

The AIR MILES Reward Program is Canada's most recognized loyalty program with nearly 11 million active Collector Accounts, representing approximately two-thirds of all Canadian households. AIR MILES Collectors get Miles at more than 200+ leading brand-name Partners across the country at thousands of retail and service locations and online. It is the only loyalty program of its kind to give Collectors the flexibility and choice to use Miles on aspirational Rewards, such as Merchandise, Travel, Events or Attractions, or instantly, in-store or online, through AIR MILES Cash at participating Partner locations. The AIR MILES Perks feature also gives Collectors the opportunity to get discounts and perks on exciting activities, which include Dining, Shopping, Travel, Entertainment, Leisure, and Sports, just for having an AIR MILES Card.



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