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Review: BMO AIR MILES World Elite Mastercard

To the point

Get a great welcome bonus with the BMO® AIR MILES® World Elite®* Mastercard®*, the best AIR MILES credit card!

Introducing the BMO AIR MILES World Elite Mastercard

The welcome bonus

The BMO® AIR MILES® World Elite®* Mastercard®* normally offers 1,000 AIR MILES Bonus Miles, unlocked with your first purchase. This corresponds to a value of $105 if redeemed in Cash Rewards.

Currently, when you apply for the BMO® AIR MILES® World Elite®* Mastercard®*, you will earn a welcome bonus of 3,000 AIR MILES Bonus Miles if you spend $3,000 in Card purchases within the first 3 months. This additional bonus is equal to $315 if redeemed in Cash Rewards (much more in Dream Rewards!).

And the first-year is free!

Those eligible for the welcome bonus

In milesopedia’s Facebook group, several recurring questions are asked:

I’ve had this card before. Am I eligible?

I have another BMO credit card. Am I eligible?

I am a BMO World Elite credit card holder. Am I eligible?

The answer is… yes! Here are the terms of the offer:

Existing BMO AIR MILES World Elite Mastercard customers who cancel their card during the Offer Period, and existing BMO Mastercard customers who transfer into this product during the Offer Period are not eligible for the Offers.

“Who transfer into this product” = who calls BMO to request a product change (from a BMO AIR MILES Mastercard to a BMO AIR MILES World Elite Mastercard). So the best thing to do is to re-apply online, even if BMO asks for your current debit/credit card account in the process.

Many positive returns in the group of past (or current) holders of this card (or current holders of other BMO cards) were able to get the bonus. However, if you hold this card today, cancel it and reapply for it in a few months while this offer is still open, the terms and conditions indicate that you will not be theoretically eligible for this offer.

BMO credit card online

Earning AIR MILES Reward Miles

The BMO® AIR MILES® World Elite®* Mastercard®* is the best Mastercard credit card to earn a lot of AIR MILES Reward miles: 1 Mile for every $10 that you spend on your credit card.

You’ll also earn additional miles when showing your AIR MILES loyalty card AIR MILES when making purchases at AIR MILES Partners (Jean Coutu, Rona, IGA, Shell, Staples, etc.). So this is a good way to “double-dip“!

15% discount on North American AIR MILES flights

The BMO® AIR MILES® World Elite®* Mastercard®* is the only AIR MILES-affiliated credit card to offer a 15% discount on all AIR MILES Flights in North America.

This discount applies on:

  • Domestic flights in Canada
  • Flights from Canada to the United States of America, including Hawaii and Alaska

Excluded from this discount are flights to Puerto Rico, domestic flights to the United States, and flights to and from Mexico.

Access to LoungeKey airport lounges

The BMO® AIR MILES® World Elite®* Mastercard®* offers LoungeKey membership and 2 annual complimentary passes to VIP Lounges (such as the National Bank Lounge at Montreal-Trudeau or the WestJet Elevation Lounge in Calgary YYC ).

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Westjet Elevation Lounge

Accepted at Costco

Since this is a Mastercard credit card, the BMO® AIR MILES® World Elite®* Mastercard®* will be accepted for purchases at Costco. Like everywhere else, you’ll earn 1 AIR MILES Reward Mile for every $10 in purchases!

costco mastercard

BMO AIR MILES World Elite Mastercard Insurance

This data is only informative. Please refer to the BMO AIR MILES World Elite Mastercard Card insurance document provided with the BMO® AIR MILES® World Elite®* Mastercard®* for details.

Coverage applies only when You charge the full or partial cost of Your Trip to the Primary or Family Cardholder’s Mastercard Card prior to departure.

This card is particularly advantageous for people who often use reward tickets (AIR MILES, Aeroplan, etc.) since insurance applies even if only part of the trip’s cost is charged to the card (e.g. taxes and surcharges for a reward ticket)!

Trip Cancellation Insurance

Reimbursement of up to $2,500 per insured to a maximum of $5,000 per account.

Trip Interruption/Trip Delay insurance

In the event of a trip interruption, You will be reimbursed the additional cost of a one-way economy airfare to Your departure or destination and the non-refundable unused portion of ground transportation arrangements, up to a maximum of $2,000 per Insured Person.

Flight delay insurance

Flight Delay Insurance provides benefits if your scheduled flight’s arrival or departure is delayed by more than six hours. You will be reimbursed up to a maximum of $500 per Account per Trip for reasonable additional expenses incurred for accommodation and travel.

15-day medical insurance (under age 65)

Covers overseas medical expenses up to $2 million:

  • Medical, hospitalization and ambulance costs
  • Private duty nursing
  • Emergency evacuation or airlift
  • Other Professional Services
  • Emergency dental care
  • Transport to the bedside
  • Return of the remains
  • Additional costs for meals and hotel accommodation
  • Return of the vehicle

Car Rental Theft and Damage Insurance

You have a maximum coverage of $65,000 for the risks associated with a Leased Vehicle, based on the Manufacturer’s Suggested Retail Price (MSRP) for the vehicle’s model year, i.e. :

  • damage to the Rental Vehicle;
  • theft of the Rental Vehicle, its parts or accessories;
  • the costs charged by the rental agency as a result of loss of use of the vehicle while it is being repaired;
  • Reasonable and customary charges for towing the Rental Vehicle to the nearest location.

This coverage does not include any form of automobile liability, bodily injury or property damage insurance. It is the Insured Person’s responsibility to obtain suitable liability insurance, either through his/her own automobile insurance policy or by accepting the insurance offered by the rental agency.

Extended Warranty

Avoid paying for optional extended warranties on your next purchase using your BMO credit card. The original manufacturer’s warranty period is doubled, up to a maximum of one additional year.

Purchase insurance

Get extra protection – goods purchased with the card are automatically insured against theft and damage for 90 days from the date of purchase.

Conclusion

If you are a loyal AIR MILES member, it’s a credit card made for you. You will quickly collect many miles, which will bring you a little closer to ONYX AIR MILES status, for example!

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