BMO World Elite®* Mastercard®*

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BMO World Elite®* Mastercard®*

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

Take advantage of this limited-time welcome offer!

Welcome Bonus

Up to 30,000 points Ends Oct 31, 2021

Value

$308

Best For

Annual Fee

$150First Year Annual Fee Rebate (terms apply)

Purchase Rates

20.99 %

Cash Advance Rates

22.99 %

Balance Transfer Rates

—

See all cards from BMO

Offer

Offer
  • Welcome Offer: Get up to 30,000 points – 25,000 points when you spend $3,000 in the first 3 months plus 5,000 points on your first anniversary, and the $150 annual fee waived in the first year.*
  • Complimentary membership in Mastercard Airport Experiences provided by LoungeKey, with exclusive VIP access, plus four annual complimentary passes* ($140 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 22.99%
Cash Advance Rate (QC) 21.99%

Advantages

Offer ends on Oct 31, 2021
Welcome Bonus Up to 30,000 points
Minimum Spending Required $3,000
Minimum Spending Timeframe 90 day(s)
Rewards Type Travel points
Transfer Partners BMO Rewards
Loyalty Program BMO Rewards
All Spending 2
Travel 3
Local Transport 2
Dining and Food delivery 3
Entertainment 3
Online transactions 2
AIR MILES partners 2
Air Canada 3
Streaming services 2
Concierge
Costco
Lounge Annual Visits included 4

Value

Value

We estimate the value of the welcome offer during the first year for all the credit card offers. Are taken into consideration:

  • The value of cash back or points earned
  • The value of the benefits or credits earned with the Card
  • The annual fee value (offered or not)

 

Calculation of the offer value
in the first year
Value per point 0.67 ¢
Welcome bonus approximately $168
annual visits to airport lounges
(approximately $35 per access)		 $140
Annual fee $0
Value approximately $308

 

Insurance

Common Carrier Travel Accident Insurance Amount $500,000
Flight Delay Insurance Amount $500
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)
Medical Travel Insurance
Extended Warranty
Extended Warranty - Duration 1 year(s)
Insurance Document Learn More
4 Milesopedia Rating