BMO air miles mastercard promotion: 500 miles and triple miles for the first 6 months

The new offer on the BMO air miles mastercard has been out for a few days, and it seems that this is the best offer of this card ever. 

Application link:

The offer is valid until November 30, and you can earn a 500 air miles of welcome bonus without any spending requirements. But since the BMO mastercards always issue the miles after each statement is out, I think the 500 miles will be posted on your first statement (but make sure to use it at least once before that...). 

Aside from the 500 air miles of welcome bonus, you will get 3 air miles every 20 dollars in the 6 months. Again, I did not see any cap on this...which means if you spend 20000 dollars, you will get 3000 air miles for the spending. 

The card has no annual fee. Lots of people like to complain about the devaluation of air miles, but I found them fairly valuable if you accumulate dream miles and use them for air tickets during the prime season. There are many available tickets for most of the routes, and you will have extra discounts if you are ONYX member with Air miles, or if you are using BMO air miles world elite mastercard

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