BMO AIR MILES World Elite Mastercard Review

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 by your first anniversary.
  
• 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

What should I know before I apply

• Eligibility requirements

  To apply for a BMO AIR MILES World Elite Mastercard, you need to meet the following criteria:

  • Be a Canadian citizen or permanent resident who is at least 18 years old (19 in some provinces).
  • Have a minimum annual income of $80,000 or a household income of $150,000.

• Required documents and information

  • Your name, residential status and contact information.
  • Your social insurance number and date of birth.
  • Your email address and phone number.

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

• Does the BMO AIR MILES World Elite Mastercard have a welcome offer?

  Yes, depending on when you signup. Earn a bonus of up to 2,000 AIR MILES. Terms apply. Plus, get the annual fee of $120 waived by your first anniversary.
  

• Will my AIR MILES expire?

  No, your points will continue to hold value as long as your account is active and in good standing.

• Can I apply online?

  Yes, you can apply by visiting the BMO bank website, or you can simply click “Go to Site” in the table above to be redirected to the application.