BMO® World Elite® Mastercard® review

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Advertiser Disclosure

Interest Rate: Purchases
Balance Transfer
2 - 3 points
Signup Bonus
30000 points (after spending $3,000)

Informr score
The BMO® World Elite® Mastercard® currently has an Informr score of 6 out of 10. This score is based on our evaluation of 7 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...


The BMO® World Elite™* Mastercard®* is the complete package when it comes to credit cards. You’ll earn easy to use rewards, get great benefits, and much more with this card. But if you’re simply after the most rewards you can get, there are better options out there.

- creditcardGenius
Money We Have

Although it’s not the best travel credit card in Canada, it’s not bad. The LoungeKey access and included travel insurance are easily worth more than the annual fee so you’re getting a lot of value here.

- Barry Choi, Money We Have

If you love to travel in style and you’re looking for a credit card that can both feed your travel bug and help you get closer to your next jet-setting trip, the BMO World Elite MasterCard is a great place to start.

- Jordann Brown,

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,

If you are interested in getting a credit card that has a high earning on all purchases, not just in specific categories, then the BMO World Elite is one that is certainly worth considering. This is an elite level card (alongside Gold and Infinite level cards), and is a best in class among those typ...

- Thepointster, CreditWalk


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%


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
Sign up bonus 30000 points after spending $3,000

- On purchases within the first 3 months

- Get 10,000 points anniversary bonus if your account is in good standing at the time you qualify for the anniversary bonus

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 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 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

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
Additional comments
Terms & Conditions Official Terms & Conditions
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