BMO World Elite®* Business Mastercard®*

BMO World Elite®* Business Mastercard®*

The Best Travel Rewards Credit Card for small business owners, accepted anywhere. Earn up to 4 points per dollar on your purchases and use your card at Costco.

Take advantage of this limited-time welcome offer!

Welcome Bonus

Up to 70,000 points Ends Dec 6, 2022

Best For

Year 1


Years 2 and +


Annual Fee


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

17.99 %

Cash Advance Rates

22.99 %

Balance Transfer Rates

22.99 %

Your Monthly Spending


  • Welcome Offer: Get up to 70,000 BMO Rewards points in the first year.
  • Plus, we’ll waive the $149 annual fee for the first year!
  • Earn 4 BMO Rewards points for every $1 you spend on gas, office supplies and cell phone/internet bill payments*
  • Earn 1.5 BMO Rewards points for every $1 you spend*
  • Enjoy VIP Airport Lounge Access at more than 400+ airports worldwide. You’ll get two complimentary lounge visits each year.
  • Become A Cardholder & Get Access To Virtual On-Demand Healthcare With Maple*
  • You can now use your BMO Mastercard at Costco stores across Canada
  • Get up to 22 additional cards so employees can easily make purchases on behalf of your business and help you earn points faster* (employee cards have an annual fee of $50)
  • Our Liability Waiver Program protects your business against employee card abuse*
  • 25 payment grace days*

Fees & Conditions

Personal Income $0
Household Income $0
Annual Fee $149
First Year Annual Fee Rebate
First Additional Card $0
Foreign Transaction Fee 2.5%
Purchase Rates 17.99%
Cash Advance Rates 22.99%
Balance Transfer Rates 22.99%
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 up to 70,000 points
Minimum Spending Required $5,000
Minimum Spending Timeframe 90 day(s)
VIP salons $80
Lounge Annual Visits included 2


All Spending 1.5 points
Drugstores 1.5 points
Groceries 1.5 points
Convenience Stores 1.5 points
Gas 4 points
Telecom/Internet 4 points
Local Transport 1.5 points
Streaming services 1.5 points
Dining and Food delivery 1.5 points
Online transactions 1.5 points
Recurring Payments 1.5 points
Office Supplies 4 points
Travel 1.5 points
Entertainment 1.5 points


Common Carrier Travel Accident Insurance Amount $500,000
Flight Delay Insurance Amount $500
Delayed Baggage Amount $500
Trip Cancellation Insurance Amount Per Person $2,500
Trip Interruption Insurance Amount Per Person $2,000
Auto Rental Loss/Insurance - Amount MSPP $65,000
Purchase Protection
Extended Warranty
Insurance Document Learn More
4.3 Milesopedia Rating