Note: We may earn commissions (at no cost to you) if you buy through links on our site. Learn more.
NOTE: This credit card may no longer be available for new customers. See the latest credit cards here.

BMO® World Elite® Mastercard® review

Compare Compare  
Advertiser Disclosure

Annual Fee
$150.00
Interest Rate: Purchases
19.99%
Interest Rate: Purchases
19.99%
Balance Transfer
22.99%
Balance Transfer
22.99%
Rewards
2 - 3 points
Rewards
2 - 3 points
Signup Bonus
30000 points (after spending $3,000)
Signup Bonus
30000 points (after spending $3,000)


7.7/10
Informr score
The BMO® World Elite® Mastercard® currently has an Informr score of 7.7 out of 10. This score is based on our evaluation of 12 sources including reviews from users and the web's most trusted critics.

Am I eligible?


BMO® World Elite® Mastercard® is typically available to those with excellent credit scores (650 or greater).
To get this card, you must also:
Yes Be at least 18 years of age (AB, MB, ON, PE, QA, SK). 19 in all other provinces.
Yes Be a permanent or temporary resident of Canada
Yes Have a minimum personal income of $80000.

Note: This information is only intended as a guide. The final decision is up to the bank and your application could still be rejected even if you can answer 'Yes' to all the minimum criteria above. Always consider your options and your financial situation before you apply for a credit card.

What the Critics Are Saying...


Money.ca
Money.ca

If you’re a regular international traveller, you often find yourself in a rental car, and/or you tend to shop at stores that accept Mastercard, but not Visa (e.g., Costco and No Frills), the BMO Ascend™ World Elite®* Mastercard®* is probably a perfect fit for you. It will cover most of your travel n...

- Rudro Chakrabarti, Money.ca
SAVVY New Canadians
SAVVY New Canadians

The BMO World Elite Mastercard is one of the best travel rewards cards in Canada. It offers a $285 bonus, VIP airport lounge perks, travel insurance, and more.

- Enoch Omololu, SAVVY New Canadians
Offerhub.ca
Offerhub.ca

High income earners are essentially the only people able to use this card due to both the high eligibility requirements and high annual fee. There are a few groups of individuals within this group that will be best suited to the perks of this card. First off are entertainment enthusiasts. The packag...

- Borche Stefanov, Offerhub.ca
My Rate Compass
My Rate Compass

It is perfect for frequent travelers who want to benefit from outstanding travel insurance and gain access to several other perks. The signup bonus is quite generous, plus the card comes with an extended warranty and extra rewards.

- Mohamed Konate, My Rate Compass
HowToSaveMoney.ca
HowToSaveMoney.ca

World Elite credit cards are some of the most popular premium credit cards available. Nearly all of them have a host of useful perks, rewards, and insurance coverage. In this case the BMO® World Elite™* Mastercard®* offers all of this and more. If you’re in the market for a premium card with all the...

- HowToSaveMoney.ca

Details


Interest Rates
Regular APR Interest Rate 19.99%
Balance Transfer Interest Rate 22.99%
Cash Advance Interest Rate 22.99%
Rates & Fees
Annual Fee $150.00

Waived on the first year.

Balance Transfer Fee 3%

Maximum

Cash Advance Fee $5.00
Foreign Transaction Fee 2.5%

Transactions made in a foreign currency will be converted and posted to your account in Canadian currency.

Over Limit Fee $29.00
Late Payment Fee $0.00
Promotions
Sign up bonus 30000 points after spending $3,000
  • On purchases within the first 3 months
  • Earn 2500 points for each subsequent month in which you make at least $2000 in purchases on your card for 12 months.
Rewards
All Purchases 2 points per $1 spent
Restaurants 3 points per $1 spent (on first $50000 spent)
Gas No
Groceries No
Hotels No
Travel 3 points per $1 spent (on first $50000 spent)
Pharmacy No
Bills No
Additional Details

3 points per $1 spent on Entertainment (on first $50000 spent)

Features & Benefits
Additional Card Holders

$50 per year for each card

Travel Accident Insurance Yes
Car Rental Insurance Yes
Car Rental Discount No
Extended Warranty Yes
Purchase Protection Yes
Zero Liability Yes
No Foreign Transaction Fees No
Emergency Assistance No
Concierge Service Yes
Price Protection No
Fraud Protection Yes
Free Credit Scores No
Wireless Payments Apple Pay
Virtual Cards No
Additional Benefits

Complimentary membership in Mastercard Airport Experiences provided by LoungeKey, with exclusive VIP access, plus four annual complimentary passes

Eligibility
Minimum Security Deposit $0
Minimum Age

18 years in AB, MB, ON, PE, QA, SK. 19 years in all other provinces.

Minimum Personal Income $80,000 per year


Temporary Residents No
More
Additional comments -
Terms & Conditions Official Terms & Conditions
Suggest a correction

Disclaimer: All products, logos, images and trademarks are the property of their respective owners. Content is not provided or commissioned by any company mentioned. Any views, analyses, or recommendations expressed here are those of the author's alone, and may not have been reviewed, approved or otherwise endorsed by any company mentioned.

Information in this article is believed to be accurate at the time it was written, but terms and conditions may change at any time. All information is presented without warranty or guarantee. Please verify all terms and conditions of any credit card prior to applying.

Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated.

The Informr is an independent, advertising supported website and may receive compensation for sponsorships or when you click on certain affiliated links.

Use this card?

Help inform others by sharing your experience with BMO® World Elite® Mastercard®

Rate It: