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Pros & Cons
Pros
- +First Year Annual Fee Rebate ($175 annual fee rebated)
- +Purchase protection included
- +Travel medical insurance included
Cons
- –Foreign Transaction Fee (2.5%)
- –No airport lounge access despite fee
Our Review
The BMO Blue Rewards World Elite Business Mastercard (formerly AIR MILES) earns a base rate of 1.25 Blue points per dollar on all purchases.
It offers 2.5 points per dollar on gas and electric vehicle charging (up to $1,000 in net purchases per statement cycle), and 10 times the points (12.5 pts/$) at Blue Rewards partners (Pharmasave, Global Pet Foods, etc.) and through the Blue Rewards Travel platform powered by Expedia, up to $25,000 in net purchases per calendar year. Beyond that cap, purchases earn the base rate.
Benefits: Mastercard Travel Pass (DragonPass) membership with 4 lounge passes per year, 5 Maple consultations, travel insurance (medical, rental car collision, cancellation/interruption), purchase protection, and extended warranty. $175 annual fee (waived in the first year).
Rewards
All Spending
1.25x
pts per dollar
Gas
2.5x
pts per dollar
Credit Card Rewards Calculator
See how much you could earn with this card based on your spending.
Points Earned
40,500
pts/yr
Estimated Value
$405
After Fees
+$405
1st Year Value
$405
incl. welcome bonus
Annual rewards breakdown
First-year advantages
- $175
Travel Insurance
Travel Medical
Included
Trip Cancellation
Included
Trip Interruption
Included
Purchase Protection
Purchase Protection
Included
Extended Warranty
+1 year(s)
Auto Rental
Included
Fees and interest rates
- Annual Fee$175
First Year Annual Fee Rebate
- Foreign currency conversion fee2.5%
- Purchase Rate20.99%
- Cash advance rate23.99%
Eligibility
Personal Income
$80,000
Household Income
$150,000
Terms & Conditions
Card Features
Welcome offer: get up to $1,760 in value in the first year. Applications must be received between June 2, 2026 and September 6, 2026.
- 45,000 bonus points after $5,000 in net purchases within the first 110 days;
- 30,000 bonus points after $18,000 in net purchases within the first 180 days;
- 45,000 bonus points after $35,000 in net purchases within the first 365 days (120,000 points in total, worth up to $800);
- $175 primary cardholder annual fee waived in the first year;
- up to $520 in value with Maple (5 virtual care visits per calendar year);
- up to $268 with Mastercard Travel Pass provided by DragonPass (membership + 4 lounge passes per calendar year).
Earning: 12.5 Blue Points per dollar at participating Blue Rewards Partners, up to $25,000 in net purchases per calendar year; 2.5 points per dollar on gas and electric vehicle charging, up to $1,000 in net purchases per statement cycle; 1.25 points per dollar on all other purchases.
The $50 annual fee for each Additional Card added during the first year is charged on a prorated basis and is not rebated. Minimum annual income of $80,000 (individual), $150,000 (household), $250,000 (business income), or $400,000 (assets under management).
Related Cards
FAQ
How many Blue Points does the BMO Blue Rewards World Elite Business Mastercard earn?
The card earns 12.5 Blue Points per $1 at participating Blue Rewards Partners, 2.5 Points per $1 on gas and electric vehicle charging, and 1.25 Points per $1 on all other purchases.
The 12.5-point rate combines the base rate of 1.25 Points per $1 with an 11.25-point bonus — it is the “10x the Points” multiplier applied to the business base rate.
Is the 10x Points rate at partners capped?
Yes. Bonus Points at participating Blue Rewards Partners are earned on up to $25,000 in net purchases per calendar year. Once that maximum is reached, partner purchases earn only the base rate of 1.25 Points per $1.
This annual cap replaced the previous $1,000 per statement cycle limit. It more than doubles the accelerated spending allowed, and it can be used in a single month rather than spread across twelve.
Is the gas rate capped as well?
Yes, and that cap has not changed: the 2.5 Points per $1 rate applies to up to $1,000 in net purchases per statement cycle at service stations, automated fuel dispensers and EV charging merchants.
One nuance: fuel bought at a Blue Rewards Partner is not eligible for this rate — it earns the more generous 10x partner rate instead.
What is the welcome offer, and when does it close?
Up to $1,760 in value in the first year, including 120,000 bonus points across three milestones: 45,000 Points after $5,000 in net purchases within 110 days, 30,000 Points after $18,000 within 180 days, and 45,000 Points after $35,000 within 365 days.
The package also includes the first-year waiver of the $175 annual fee, up to $520 in value with Maple, and up to $268 with Mastercard Travel Pass.
The window is short: applications must be received between June 2 and September 6, 2026 — unlike the no-fee business version, whose offer runs until June 2027.
What does the card offer beyond points?
Five free virtual care visits on Maple per calendar year, a complimentary Mastercard Travel Pass provided by DragonPass membership with four lounge passes per calendar year (US$32 per visit thereafter), Dominion Automobile Association roadside assistance, travel insurance (emergency medical, rental car collision, trip cancellation and interruption), purchase protection and extended warranty.
Worth noting: unlike the Ascend World Elite Business Mastercard, this card does not include a NEXUS statement credit. And the $50 fee for each Additional Card added during the first year is charged on a prorated basis, with no rebate.
Conditions apply. All information is believed accurate but not guaranteed. Card details, rewards, and offers are subject to change at any time. Always verify the latest terms on the issuer’s website before applying. Milesopedia may receive compensation through affiliate links. This does not affect our editorial choices or card rankings. © 2026 BMO. All trademarks are property of their respective owners.