BMO AIR MILES®† World Elite®* Mastercard®*

BMO AIR MILES®† World Elite®* Mastercard®*

The best AIR MILES Mastercard credit card. Earn AIR MILES Reward miles on all your purchases and get great insurance.

For a limited time, Get 3,000 AIR MILES Bonus Miles and the $120 annual fee waived in the first year with this exclusive offer!

Welcome Bonus

3,000 miles Ends Dec 6, 2022

Best For

Year 1


Years 2 and +


Annual Fee


First Year Annual Fee Rebate (terms apply)
Interest rates
Purchase Rates

20.99 %

Cash Advance Rates

23.99 %

Balance Transfer Rates

Your Monthly Spending


  • Limited time offer: Get 3,000 AIR MILES Bonus Miles! That’s enough for $310 towards your purchases with AIR MILES Cash!
  • Plus, get $120 annual fee waived for the first year.*
  • Get 3x the Miles for every $12 spent at participating AIR MILES Reward Partners.*
  • Earn 1 reward mile for every $12 in credit card purchases, everywhere you spend*
  • Exclusive 15% Flight Discount on all AIR MILES flights in North America with no blackout periods*
  • Get valuable benefits and offers for digital everyday services from a variety of on-demand apps and subscription services
  • Access over 1 million Wi-Fi hotspots around the world – all at no added cost, and no added fees or roaming charges*
  • Complimentary membership in Mastercard Airport Experiences provided by LoungeKey, with exclusive VIP access*
  • BMO AIR MILES World Elite Travel and Medical Protection*
  • BMO Concierge Service
  • Unlock Mastercard Travel Rewards cashback offers when you travel and shop outside of Canada

Fees & Conditions

Personal Income $80,000
Household Income $150,000
Annual Fee $120
First Year Annual Fee Rebate
First Additional Card $50
Other Additional Card $50
Foreign Transaction Fee 2.5%
Purchase Rates 20.99%
Cash Advance Rates 23.99%
Cash Advance Rate (QC) 21.99%


Year 1
Years 2 and +
Welcome bonus
0 $
Annual credit
Travel benefits
VIP lounges
First Year Annual Fee Rebate
First-Year Offer Value
Accumulated rewards
Annual fee
Net value

Reward points value

We have established a valuation of the reward point in cents for each loyalty program. More information on the points valuation page.

First-year value

For all credit cards offers, we estimate the value of the welcome offer (bonus, annual fee rebate) in the first year, plus the value of the rewards earned based on your purchases entered in the calculator for the six categories:

  • Grocery
  • Gas/Transit
  • Meals
  • Travel
  • Bills
  • Other purchases

First-Year Net Value = Welcome Bonus Value + Benefits (Annual Credit, VIP lounges, etc.) + Earned Rewards First-Year Annual Fee

Value of subsequent years

For the value of subsequent years, we consider the earned rewards based on your purchases indicated in the calculator and any benefits offered.

Subsequent years’ net value = Earned Rewards + Benefits (Annual Credit, VIP lounges, etc.) Annual fee

VIP lounges:

For credit cards with complimentary airport lounge access, this benefit is calculated as follows:

  • 1 access = $40
  • Unlimited access = $400 (the value of 10 annual visits)


Offer ends on Dec 6, 2022
Welcome Bonus 3,000 miles
Minimum Spending Required $3,000
Minimum Spending Timeframe 90 day(s)


All Spending 0.08 Mille
Drugstores 0.08 Mille
Groceries 0.08 Mille
Convenience Stores 0.08 Mille
Gas 0.08 Mille
Telecom/Internet 0.08 Mille
Local Transport 0.08 Mille
Streaming services 0.08 Mille
Dining and Food delivery 0.08 Mille
Online transactions 0.08 Mille
Recurring Payments 0.08 Mille
Office Supplies 0.08 Mille
Travel 0.08 Mille
Entertainment 0.08 Mille


Common Carrier Travel Accident Insurance Amount $500,000
Flight Delay Insurance Amount $500
Delayed Baggage Amount $200
Lost/Stolen Baggage Insurance Amount $750
Trip Cancellation Insurance Amount Per Person $2,500
Trip Interruption Insurance Amount Per Person $2,000
Travel medical insurance up to 64 years old
Travel medical insurance up to 64 years old - Duration 15 day(s)
Auto Rental Loss/Insurance - Amount MSPP $65,000
Purchase Protection - Amount $60,000
Purchase Protection - Duration 90 day(s)
Travel Medical Insurance
Extended Warranty
Extended Warranty - Duration 1 year
Insurance Document Learn More
4.25 Milesopedia Rating