Light cycle oil (LCO) is one of the major products in Fluid catalytic cracking (FCC) processes, and has drawbacks such as high aromatics, sulfur, and nitrogen contents, and low cetane number (CN). Hydro-upgrading is one of the most typical processes for LCO upgrading, and alumina-zeolite (AZ) is an effective hydrotreating catalyst support. This paper examined the effects of different bimetallic catalysts (CoMo/AZ, NiMo/AZ, and NiW/AZ) supported by AZ on hydro-upgrading of both model compounds and real LCO. CoMo/AZ preferred the direct desulfurization (DDS) route while the NiMo/AZ and NiW/AZ catalysts favored the desulfurization route through hydrogenation (HYD). The presence of nitrogen compounds in the feed introduced a competitive adsorption mechanism and reduced the number of available acid sites. Aromatics were partially hydrogenated into methyltetralines at first, and then further hydrogenated, cracked, and isomerized into methyldecalins, monocyclic, and methyltetralines isomers. CoMo/AZ is the best hydrodesulfurization (HDS) catalyst for the model compounds at low H2 pressure (550 psi) and for LCO at lower temperature (573 K), while NiMo/AZ performs the best for LCO at higher temperature (648 K). NiMo/AZ is the best hydrodenitrogenation (HDN) catalyst for LCO. The hydrodearomatization (HDA) performances of NiMo/AZ and NiW/AZ improved significantly and overwhelmingly higher than that of the CoMo/AZ when the H2 pressure was increased to 1100 psi.