BMO AIR MILES® World Elite® Mastercard®

8/10

Interest Rate

20.99%

Annual Fee

$120

Balance Transfer

N/A

Card Type

Travel Rewards

2,000 AIR MILES Bonus Miles and we’ll waive the $120 annual fee in the first year

  • Get 1 Mile for every $12 you spend on your credit card.
  • Always get 3 Miles for every $12 spent on your everyday needs at participating AIR MILES Partners.
  • Use fewer Miles with our exclusive 15% discount on all AIR MILES flights in North America and no blackout periods.
  • Receive a 2,000 Air Miles Bonus for spending C$3,000 in the first three months and have your first C$120 annual fee waived.
  • Get topped up to five times the Air Miles Rewards for grocery shopping until May 31, 2021.
  • Get one mile for every ten dollars spent on card purchases.

Card Best Suited For

To get approved for this card, you need to be a permanent Canadian resident of legal age, living in your province or territory of residence. Your minimum individual annual income needs to be C$80,000. Alternatively, your household yearly income needs to be at least $150,000. Your recommended credit score should be 760+.

Many Canadians have had a hot and cold relationship with Air Miles due to difficulties in making redemptions over the past few years. However, Air Miles made a significant improvement with this BMO credit card. If you’re a loyal Air Miles cardholder, you’ll want to switch to this card thanks to its generous earning rate – the highest of any other Air Miles Mastercard.

Frequent travelers who fly out of their province will greatly benefit from this Air Miles card. You’ll have a fixed redemption value on usually quite expensive flights when paid out of pocket. This BMO credit card is one of the highest-rated ones in terms of travel insurance. Most other cards mainly only offer baggage and flight delay insurance. This card, however, is one of the few ones that offer travel emergency medical insurance for 15 days. If this is an important factor when making your choice, this might be the right card for you.

Reward Type

Each BMO card gets rewards in different ways. With BMO Air Miles World Elite Mastercard, you earn 0.2 miles for each dollar spent on eligible purchases. For all other purchases, you’ll earn 0.1 miles per dollar spent. This adds up to one mile for every ten dollars spent on credit card purchases. As a comparison, other Air Miles cards only give one mile for C$15 or C$20 purchases. Now you know that by opting for the Air Miles World Elite Mastercard, you’re getting the best deal possible.

Additional bonus includes a 15% off for booking Air Miles flights within Canada and U.S.

Sign-Up/Welcome Bonus Offers

  • Complimentary membership in Mastercard Airport Experiences by LoungeKey with VIP access.
  • 15 day Out of Province or Country Emergency Medical insurance, plus the Collision Damage Waiver for car rentals.

This BMO card has a very generous sign-up bonus program. You can earn up to 2,000 bonus points for spending C$3,000 in the first three months of setting your account. Earning these bonus points then waives your first C$120 annual fee. This is the most generous Air Miles sign-up bonus you can find out there.

If you’re a frequent flyer, you can alternatively redeem these miles to Dream Miles and use them to book cheaper flights across Canada and U.S.

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