BMO World Elite®* Mastercard®*

BMO World Elite®* Mastercard®*

EXCLUSIVE OFFER - One of the best credit cards for insurance. Get 4 free annual visits to airport VIP lounges.

Take advantage of this exclusive welcome offer for a limited time!

Welcome Bonus

Up to 70,000 points Ends Dec 6, 2022

Best For

Value
Year 1

$1121

Years 2 and +

$354

Annual Fee

$150

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

20.99 %

Cash Advance Rates

23.99 %

Balance Transfer Rates

Your Monthly Spending

Offer

Offer
  • Welcome offer: Get up to 70,000 points worth $467 in travel rewards, the first-year annual fee waived for both the primary ($150) and first authorized ($50) cardholders, and 4 free airport lounge passes worth $162 – that’s an $829 value in your first year!*
  • Complimentary membership in Mastercard Airport Experiences provided by LoungeKey, with exclusive VIP access, plus four annual complimentary passes* ($162 Value/Year).
  • Get 3 BMO Rewards points for every $1 spent on travel, dining and entertainment purchases*
  • Get 2 points for every $1 spent everywhere else*
  • Points you can use to cover all flight charges & taxes*
  • Fly on any airline, with no blackout dates*
  • Redeem your points at any time through the BMO Rewards center.
  • Best-in-class travel and medical insurance (unlimited trips per year)*
  • 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*
  • 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 $150
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%

Value

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
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)

Advantages

Offer ends on Dec 6, 2022
Welcome Bonus Up to 70,000 points
Minimum Spending Required $3,000
Minimum Spending Timeframe 90 day(s)
VIP salons $160
Concierge
Costco
Lounge Annual Visits included 4

Earnings

All Spending 2 points
Drugstores 2 points
Groceries 2 points
Convenience Stores 2 points
Gas 2 points
Telecom/Internet 2 points
Local Transport 2 points
Streaming services 2 points
Dining and Food delivery 3 points
Online transactions 2 points
Recurring Payments 2 points
Office Supplies 2 points
Travel 3 points
Entertainment 3 points

Insurance

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 21 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 Milesopedia Rating