BMO World Elite MasterCard review

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Advertiser Disclosure

Interest Rate: Purchases
19.99
Balance Transfer
22.99
Rewards
2 - 3 points
Signup Bonus
35000 points (after spending $3,000)


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 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
Ratehub.ca

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, Ratehub.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
CreditWalk

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
Wallet Savvy

All things considered, this credit card is great for those looking to buy everyday items while earning travel rewards. So, when you swipe your card for your weekly or monthly groceries, you’re also saving up for that romantic getaway or family trip.

- Wallet Savvy

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 $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 35000 points after spending $3,000

On purchases within the first 3 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 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
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
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Additional comments
Terms & Conditions Official Terms & Conditions
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Critic Reviews


Money We Have

Easily one of the best travel credit cards in Canada

from 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.

Read full review

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.

Read full review

Less

Ratehub.ca

One of the best travel credit cards in Canada

from Ratehub.ca

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.

Read full review

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.

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

CreditWalk

Great benefits, including a best in class travel insurance

from CreditWalk

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 types of cards.

Read full review

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 types of cards.

Read full review

Less

Wallet Savvy

Great for those who need a card for daily use

All things considered, this credit card is great for those looking to buy everyday items while earning travel rewards. So, when you swipe your card for your weekly or monthly groceries, you’re also saving up for that romantic getaway or family trip.

Read full review

All things considered, this credit card is great for those looking to buy everyday items while earning travel rewards. So, when you swipe your card for your weekly or monthly groceries, you’re also saving up for that romantic getaway or family trip.

Read full review

Less

RateSupermarket

Look beyond sign up bonuses

from RateSupermarket

This card is a great option for those who reach for their plastic daily on everyday purchases like gas and groceries. Its earning structure is similar to a cash back card in that rewards are earned on every transaction, and not limited to specific retailers or eligible purchase types.

Read full review

This card is a great option for those who reach for their plastic daily on everyday purchases like gas and groceries. Its earning structure is similar to a cash back card in that rewards are earned on every transaction, and not limited to specific retailers or eligible purchase types.

Read full review

Less

User Reviews


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