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BMO, Air Miles ready new credit card

BMO Financial Group is preparing to release a new credit card in collaboration with loyalty program Air Miles that focuses on grocery purchases. The BMO Air Miles Mastercard will give participants in the program twice the usual number of loyalty points for groceries purchased at any retailer. User of the card will continue to receive three times the usual points for purchases at participating Air Miles retailers, including grocery chain Metro in Ontario. The card will be released in August.

“We have already been providing collectors with the flexibility to earn everywhere through our portfolio of credit cards,” said Shawn Stewart, president of Air Miles. “Starting this August, we are accelerating that earn potential and providing consumers with the confidence of knowing that each grocery trip, wherever they choose to shop, will help further accelerate the path to their next reward. We're committed to providing the choice, flexibility and value that Canadian consumers demand from their loyalty program, and we are proud to collaborate with our valued partner BMO to follow through on this promise.”

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