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BMO AIR MILES® World Elite® Mastercard®
Credit cards

BMO AIR MILES® World Elite® Mastercard®

Updated 01.12.2022

About BMO AIR MILES® World Elite® Mastercard®

A BMO AIR MILES® World Elite® Mastercard® is an award-winning credit card providing access to the AIR MILES Reward Program and a range of exclusive privileges from Mastercard.

Welcome offers for new applicants may provide you with bonus AIR MILES Reward Miles credited to your account for meeting the spending requirements for a certain period and annual fee waiver options.

BMO AIR MILES® World Elite® Mastercard® features

A BMO AIR MILES® World Elite® Mastercard® credit card features a 20.99% interest rate on purchases and a 23.99% interest rate on cash advances (21.99% for Quebec residents).

The annual fee for a BMO AIR MILES® World Elite® Mastercard® is $120 (waived with welcome offers for new applicants).

Select categories of purchases made with your BMO AIR MILES® World Elite® Mastercard® credit card can bring you AIR MILES Reward Miles at an accelerated earn rate. For every $12 spent at participating AIR MILES Partners, you will earn 3x AIR MILES® Reward Miles. 

For every $12 spent at eligible grocery stores up to $500 in net purchases posted to your account per statement cycle period, you will earn 2x AIR MILES® Reward Miles.  Once you reach the $500 threshold, purchases in this category will no longer be eligible for this offer.

For every $12 spent with your BMO AIR MILES® World Elite® Mastercard® credit card on other eligible purchases, you will earn 1 AIR MILES® Reward Mile.

For purchases made with your BMO AIR MILES® World Elite® Mastercard® credit card at select AIR MILES Partners, you can earn Miles twice.

With limited-time welcome offers, you can earn even more AIR MILES® Reward Miles for spending certain amounts with your BMO AIR MILES® World Elite® Mastercard® credit card within a given period.

Redemption opportunities for your AIR MILES® Reward Miles include:

  • Buying merchandise and tickets to different events and experiences at participating Cash Reward Partners

  • Booking flights, hotels, cruises, vacation packages, and car rentals

When redeeming your AIR MILES® Reward Miles for travel purchases, you can get a 25% discount on one worldwide AIR MILES flight redemption during the calendar year.

BMO AIR MILES® World Elite® Mastercard® can enjoy a range of VIP benefits from Mastercard, including:

  • Membership in Mastercard Travel Pass provided by DragonPass that grants access to airport lounges 

  • Free Wi-Fi at Boingo hotspots

  • World Elite Concierge service providing personal assistance with various requests

  • Access to a range of digital everyday services available through on-demand apps and subscription services

As for benefits from BMO partner integrations, you can get up to a 25% discount for car rentals at National Car Rental and Alamo Rent a Car.

Insurance coverages featured by a BMO AIR MILES® World Elite® Mastercard® credit card are out-of-province or country emergency medical protection for up to 15-day trips, up to 90-day purchase protection, and extended warranty coverage increasing the original manufacturer’s warranty period by up to 1 year.

Pros and cons

The pros of a BMO AIR MILES® World Elite® Mastercard® credit card are:

  • Participation in the AIR MILES Reward Program

  • Access to exclusive benefits from Mastercard

  • Benefits and discounts from BMO’s partners

  • Contactless payment through digital wallets

  • Credit card protection capabilities (the Mastercard Zero Liability Protection policy and ID Theft Protection™)

Here are the cons to be aware of:

  • A $120 annual fee

  • Few insurance coverages included

  • Minimum annual income requirements to apply

How to apply for a BMO AIR MILES® World Elite® Mastercard®

You can apply for a BMO AIR MILES® World Elite® Mastercard® credit card online — just click the “Apply now” button on the credit card description page to proceed. At the start of your application, you will need to specify whether you already have a BMO credit card and a Canadian address. Then, fill out the application form with the following information:

  • Your first name

  • Your middle name (optional)

  • Your last name

  • Your date of birth

  • Your phone number

  • Your address

  • Your housing status

  • Your monthly payment

  • Month and year since you live there

  • Your social insurance number (optional)

  • Your employment status

  • Your occupation category

  • Your position

  • The company name

  • Month and year since you work there

  • Work phone number

  • Your sources of income

  • Whether you want to add another cardholder

  • Whether you want to add Optional BMO Credit Card Balance Protection Enhanced

Next, review the summary of your applicant information, agree to the terms and conditions, and click “Confirm & apply” to finalize your application.

Applying for a BMO AIR MILES® World Elite® Mastercard® credit card requires you to have a minimum annual income of $80,000 or a minimum annual household income of $150,000.

How many AIR MILES Reward Miles can I earn with my BMO AIR MILES® World Elite® Mastercard®?There is the online AIR MILES Reward Miles Calculator on the BMO AIR MILES® World Elite® Mastercard® description page. Adjusting the slider with the estimated monthly spending will give you an idea of how many AIR MILES Reward Miles you can earn for your everyday purchases.
What is the redemption rate for AIR MILES Cash Rewards?With AIR MILES Cash Rewards, the value dollar of each 95 Cash Miles equals $10 that you can use towards your purchase.
What does BMO mean by cash advances?According to BMO’s legal disclaimers, balance transfers, cash-like transactions, and Mastercard cheques represent cash advances.
Rate
i

Effective interest rate on the product

21.99% - 23.99%

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