Am I eligible?
To get this card, you must also:
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...
- creditcardGeniusThe 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.
- Barry Choi, Money We HaveAlthough 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.
- Jordann Brown, Ratehub.caIf 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.
- Maureen Genore, LowestRates.caIf 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.
- Thepointster, CreditWalkIf 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...
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 |
| More | |
| Additional comments | |
| Terms & Conditions | Official Terms & Conditions |
| Suggest a correction |
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Critic Reviews
A high-end card that has flexible, easy to use rewards
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.
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.
Easily one of the best travel credit cards in Canada
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.
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.
One of the best travel credit cards in Canada
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 reviewIf 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
Very well suited to high earners who travel frequently
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 reviewIf 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
Great benefits, including a best in class travel insurance
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 reviewIf 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
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.
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.
Look beyond sign up bonuses
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.
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.