BMO Air Miles World Elite MasterCard review

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Advertiser Disclosure

Interest Rate: Purchases
19.99
Balance Transfer
22.99
Rewards
1 Mile
Signup Bonus
2000 miles (after spending $3,000)


Am I eligible?


BMO Air Miles 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...


GreedyRates.ca

Cardholders earn AIR MILES quickly with a big introductory bonus and fast accrual from most purchases, which they can redeem to cut their bills by hundreds or even thousands of dollars each year, all while traveling in style. Moreover, Mastercard and BMO protect customers and their purchases with a...

- GreedyRates Team, GreedyRates.ca
LowestRates.ca

If you’re a fan of Air Miles and are looking for a credit card that will allow you to earn as many miles as possible — this card should be your go-to. However, if you’re interested in travel rewards cards in general, there are options out there that can help you pay for flights quicker.

- Maureen Genore, LowestRates.ca
HowToSaveMoney.ca

The BMO Air Miles World Mastercard is best for those who spend $20,000 annually (or more) and wish to collect Air Miles at a faster rate – and are willing to pay an annual fee of $99. The best feature of the card is that it gives you 1 Air Mile for every $15 spent and a 25% discount on the number of...

- Dan, HowToSaveMoney.ca
Rewards Canada

Overall the updated BMO Rewards World Elite Mastercard is much stronger offering than when it first came out and is a comparable match to its direct competitors. Booking fees on phone in rewards, a higher annual fee, and no ability to book travel directly from any provider makes this card fall short...

- Patrick Sojka, Rewards Canada

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 $120.00

Waived on the first year.

Balance Transfer Fee 3%

Maximum

Cash Advance Fee $3.50

$5.00 fee charged at a financial institution/ATM outside Canada.

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 2000 miles after spending $3,000

- On purchases within the first 3 months.

- In addition, get 1000 bonus miles after your first purchase.

Rewards
All Purchases 1 mile for $10 spent
Restaurants No
Gas No
Groceries No
Hotels No
Travel No
Pharmacy No
Bills No
Additional Details

- VIP access to airport lounges worldwide with Priority Pass membership, plus two annual complimentary passes (a $150 value).

- Companion flight rebate

Features & Benefits
Additional Card Holders Yes

$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 No
Price Protection No
Fraud Protection Yes
Free Credit Scores No
Wireless Payments Apple Pay
Additional Benefits
  • BMO AIR MILES World Elite Travel and Medical Protection
  • Trip interruption or cancellation insurance
  • Complimentary membership in Mastercard Airport Experiences provided by LoungeKey, with exclusive VIP access, plus two 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
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Additional comments
Terms & Conditions Official Terms & Conditions
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Critic Reviews


GreedyRates.ca

Excellent card for frequent travellers

GreedyRates.ca

Cardholders earn AIR MILES quickly with a big introductory bonus and fast accrual from most purchases, which they can redeem to cut their bills by hundreds or even thousands of dollars each year, all while traveling in style. Moreover, Mastercard and BMO protect customers and their purchases with...More

Cardholders earn AIR MILES quickly with a big introductory bonus and fast accrual from most purchases, which they can redeem to cut their bills by hundreds or even thousands of dollars each year, all while traveling in style. Moreover, Mastercard and BMO protect customers and their purchases with a competitive package of insurance features.

Read full review

Less

LowestRates.ca

Very well suited to high earners who travel frequently

from LowestRates.ca

If you’re a fan of Air Miles and are looking for a credit card that will allow you to earn as many miles as possible — this card should be your go-to. However, if you’re interested in travel rewards cards in general, there are options out there that can help you pay for flights quicker.

Read full review

If you’re a fan of Air Miles and are looking for a credit card that will allow you to earn as many miles as possible — this card should be your go-to. However, if you’re interested in travel rewards cards in general, there are options out there that can help you pay for flights quicker.

Read full review

Less

HowToSaveMoney.ca

Good choice for anyone with a high annual spend

from HowToSaveMoney.ca

The BMO Air Miles World Mastercard is best for those who spend $20,000 annually (or more) and wish to collect Air Miles at a faster rate – and are willing to pay an annual fee of $99. The best feature of the card is that it gives you 1 Air Mile for every $15 spent and a 25% discount on the number of Air Miles required for flights.

Read full review

The BMO Air Miles World Mastercard is best for those who spend $20,000 annually (or more) and wish to collect Air Miles at a faster rate – and are willing to pay an annual fee of $99. The best feature of the card is that it gives you 1 Air Mile for every $15 spent and a 25% discount on the number of Air Miles required for flights.

Read full review

Less

Rewards Canada

Top cards in the Travel Points category

from Rewards Canada

Overall the updated BMO Rewards World Elite Mastercard is much stronger offering than when it first came out and is a comparable match to its direct competitors. Booking fees on phone in rewards, a higher annual fee, and no ability to book travel directly from any provider makes this card fall sh...More

Overall the updated BMO Rewards World Elite Mastercard is much stronger offering than when it first came out and is a comparable match to its direct competitors. Booking fees on phone in rewards, a higher annual fee, and no ability to book travel directly from any provider makes this card fall short of ones like the TD First Class Visa Infinite and the Diners Club Mastercard.

Read full review

Less

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