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BMO AIR MILES World Elite Mastercard Review

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BMO AIR MILES World Elite Mastercard
Welcome Offer
2,000 Miles
Rewards
Up to 3 Miles for every $12 spent
Annual Fee
$0 annual fee for the first year ($120 thereafter)
Purchase Interest Rate
20.99%
Cash Advance Rate
23.99%

Our verdict

Earn AIR MILES on everyday purchases and get to your next destination faster and cheaper.

Dreaming of your next big vacation? If you're a frequent flyer and a loyal AIR MILES member, then the BMO AIR MILES World Elite Mastercard could be just the ticket. Get 3 Miles for every $12 spent at participating AIR MILES Reward Partners, 2 Miles for every $12 spent at any eligible grocery store and 1 AIR MILE for every $12 spent on eligible purchases.

Best for: Those who collect AIR MILES and want comprehensive insurance.

Pros

  • Earn up to 3 Air Miles per $1 spent
  • Earn a welcome bonus of up to 2,000 Miles
  • Travel insurance coverage
  • Complimentary membership in Mastercard Travel Pass provided by DragonPass

Cons

  • You'll pay an annual fee of $120
  • Your minimum annual income needs to be $80,000 or you should have a household income of $150,000

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Earn a bonus of up to 2,000 AIR MILES. Terms apply. Plus, get the annual fee of $120 waived in the first year.

The basics

  • Earn AIR MILES. Get 3 Miles for every $12 spent at participating AIR MILES Reward Partners, 2 Miles for every $12 spent at any eligible grocery store and 1 AIR MILE for every $12 spent on eligible purchases.
  • Flexible redemption. Cash your miles in for travel, merchandise or cash back rewards.
  • Welcome bonus. Earn a bonus of up to 2,000 AIR MILES. Terms apply. Plus, get the annual fee of $120 waived in the first year.
  • Purchase protection. Protect the items you buy on your card with extended warranty and insurance coverage.
  • Travel insurance. Get travel and medical protection with emergency medical protection and other travel insurance including trip cancellation/interruption.

The perks

  • Travel perks. Use less Miles with an exclusive 25% discount on one worldwide AIR MILES flight redemption during the calendar year. Plus, get complimentary membership in Mastercard Travel Pass provided by DragonPass.
  • Car rental benefits. Get up to a 25% discount at National Car Rental and Alamo Rent A Car locations with complimentary Collision Damage Waiver benefits (MSRP of up to $65,000).
  • Digital services perks. Get benefits and offers for digital everyday services from a variety of on-demand apps and subscription services.
  • Access WiFi worldwide. Access over 1 million WiFi hotspots around the world at no added cost, with no added fees or roaming charges.
  • Mastercard rewards. Unlock Mastercard Travel Rewards cashback offers when you travel and shop outside of Canada.
  • Fraud proof. You won’t have to pay if there are fraudulent charges on your account with zero-liability coverage and extra online security.
  • Optional benefits. Pay an additional fee to get roadside assistance, balance protection or credit card alerts added on.

What to watch out for

  • High annual fee. The annual fee for this card is $120. Get the annual fee of $120 waived in the first year.
  • Fee for additional cards. There’s a $50 fee for extra cards.
  • Income requirements. The minimum income to qualify for this card is $80,000.

BMO AIR MILES World Elite Mastercard interest rates

Interest TypeInterest Rate
Purchase interest rate20.99%
Cash advance rate23.99%
Standard balance transfer rate23.99%

What should I know before I apply

How to apply

  1. Click “Go to site” on this page to be directed to the BMO AIR MILES World Elite Mastercard application.
  2. Complete the application, which includes providing your name, email address, social insurance number and birth date.
  3. Review and submit your application.

Bottom line

The BMO AIR MILES World Elite Mastercard is designed for AIR MILES members who want to collect more miles on purchases. This card comes with a welcome offer, travel medical insurance and other perks like airport lounge access and flight discounts.

Frequently asked questions about the BMO AIR MILES World Elite Mastercard

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