BMO AIR MILES® World Elite® Mastercard®

Welcome Bonus

2,000 AIR MILES Bonus Miles and BMO will waive the $120 annual fee in the first year

N/A

Annual Fee

$120

Annual Rewards

0.08x-0.25x Miles

N/A

Rewards on Approval

N/A

Purchase Rates

20.99%

Cash Advance Rates

23.99%

Balance Transfer Rates

N/A

Table of Contents

The BMO AIR MILES® World Elite® Mastercard® is a prestigious credit card that offers a multitude of benefits for frequent travelers and rewards enthusiasts. With this card, cardholders can earn valuable AIR MILES® reward miles on every eligible purchase they make, allowing them to accumulate rewards quickly. These reward miles can be redeemed for a wide range of options, including flights, hotel stays, merchandise, and more, giving cardholders the flexibility to choose rewards that align with their preferences and travel goals. Additionally, the BMO AIR MILES® World Elite® Mastercard® provides an array of travel benefits, such as travel insurance coverage, lounge access, and complimentary membership to programs like LoungeKey and Priority Pass. The card also offers purchase protection, extended warranty, and price protection, ensuring added security and value for cardholders' purchases. With its impressive rewards program, travel perks, and comprehensive insurance coverage, the BMO AIR MILES® World Elite® Mastercard® stands out as an excellent choice for those seeking a credit card that enhances their travel experiences and rewards them for their everyday spending.

Pros

  1. Generous Welcome Bonus: The card offers a substantial welcome bonus in the form of AIR MILES® reward miles, allowing cardholders to quickly accumulate rewards.

  2. Reward Mile Earning Potential: Cardholders can earn AIR MILES® reward miles on all eligible purchases, including accelerated earn rates on categories like groceries, gas, and travel-related expenses. This enables them to earn rewards faster.

  3. Flexible Redemption Options: The card provides a wide range of redemption options, including flights, hotel stays, car rentals, merchandise, and more. This flexibility allows cardholders to choose rewards that suit their preferences and travel goals.

  4. Travel Benefits: Cardholders enjoy various travel benefits, including travel insurance coverage, airport lounge access through the LoungeKey program, and complimentary membership to the Priority Pass program. These perks enhance the travel experience and provide added convenience and security.

  5. Comprehensive Insurance Coverage: The card offers a suite of insurance coverage, including travel medical insurance, trip cancellation insurance, car rental insurance, purchase protection, extended warranty, and price protection. This provides cardholders with valuable protection and peace of mind.

  6. No Annual Fee for Additional Cards: Cardholders can add supplementary cards to their account for family members or authorized users without paying an annual fee for those additional cards. This feature allows for maximizing rewards by pooling spending across multiple cardholders.

Cons

  1. Annual Fee: The card comes with an annual fee, which may be a consideration for individuals who prefer no-fee credit card options.

  2. Reward Miles Value: The value of AIR MILES® reward miles can vary depending on redemption options and availability. It's important to understand the redemption process and value to maximize the benefits.

  3. AIR MILES® Program Limitations: The availability of rewards and redemption options may be subject to certain limitations or blackout dates, depending on the AIR MILES® program.

  4. Eligibility Criteria: The BMO AIR MILES® World Elite® Mastercard® has specific eligibility requirements, including a minimum income threshold, which may restrict access for some individuals.

  5. Interest Rates: If the balance on the card is not paid in full each month, interest charges will apply, which can be relatively high. It's important to manage the card responsibly to avoid unnecessary interest expenses.

Details & Eligibility

  • 680 - 800
  • N/A
  • N/A
  • $120
  • N/A
  • Mastercard
  • No
  • 20.99%
  • 23.99%
  • N/A
  • N/A
  • N/A
  • $0

The BMO AIR MILES® World Elite® Mastercard® is a premium credit card offered by the Bank of Montreal (BMO) in partnership with the AIR MILES® loyalty program. Designed for frequent travelers and those who want to earn rewards on their everyday spending, this card provides a range of benefits and features to enhance the cardholder’s experience.

The primary feature of the BMO AIR MILES® World Elite® Mastercard® is the opportunity to earn AIR MILES® reward miles on every eligible purchase made with the card. AIR MILES® is a popular loyalty program in Canada that allows members to collect reward miles and redeem them for a variety of rewards, including travel, merchandise, and experiences.

Here are some key features and benefits of the BMO AIR MILES® World Elite® Mastercard®:

  1. Welcome Bonus: New cardholders can enjoy a generous welcome bonus in the form of AIR MILES® reward miles when they meet the qualifying criteria. This bonus can give a significant boost to the cardholder’s reward miles balance right from the start.

  2. Earn Rates: Cardholders earn reward miles on every eligible purchase they make with the card. The earn rates may vary depending on the type of purchase, but typically, the card offers accelerated earn rates on certain categories, such as groceries, gas, and travel-related expenses.

  3. Travel Benefits: As a World Elite® Mastercard®, this card offers a range of travel benefits. Cardholders have access to a suite of travel insurance coverage, including travel medical insurance, trip cancellation insurance, and car rental insurance. These benefits can provide peace of mind during trips, ensuring the cardholder is protected against unforeseen circumstances.

  4. Lounge Access: The BMO AIR MILES® World Elite® Mastercard® provides complimentary membership to the Mastercard Airport Experiences provided by LoungeKey program. Cardholders can enjoy access to over 1,000 airport lounges worldwide, where they can relax, refresh, and escape the hustle and bustle of the airport.

  5. Priority Pass Membership: In addition to the LoungeKey program, cardholders also receive a complimentary membership to the Priority Pass program. This membership allows access to a broader network of airport lounges, expanding the cardholder’s options when traveling.

  6. Comprehensive Insurance Coverage: The card offers extensive insurance coverage beyond travel-related benefits. These include purchase protection, extended warranty, and price protection, which can provide added value and protection for purchases made with the card.

  7. No Annual Fee for Additional Cards: Cardholders can add supplementary cards to their account for family members or authorized users without paying an annual fee for those additional cards. This feature can help maximize the rewards earned by pooling spending across multiple cardholders.

  8. Flexible Redemption Options: With the BMO AIR MILES® World Elite® Mastercard®, cardholders have the flexibility to redeem their AIR MILES® reward miles for a variety of rewards. Options include flights, hotel stays, car rentals, merchandise, gift cards, and more. This versatility allows cardholders to tailor their rewards to their preferences and travel goals.

It’s important to note that while the BMO AIR MILES® World Elite® Mastercard® offers numerous benefits, it’s essential for potential cardholders to consider their individual spending habits and financial goals before applying for any credit card. Assessing factors such as annual fees, interest rates, and eligibility requirements can help individuals make an informed decision that aligns with their personal financial circumstances.

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