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BMO World Elite® Business Mastercard® review

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Advertiser Disclosure

Annual Fee
$149.00
Interest Rate: Purchases
17.99%
Interest Rate: Purchases
17.99%
Balance Transfer
22.99% (0% for the first 9 months)
Balance Transfer
22.99% (0% for the first 9 months)
Rewards
1.5 - 4 points
Rewards
1.5 - 4 points
Signup Bonus
50000 points (after spending $5,000)
Signup Bonus
50000 points (after spending $5,000)


Am I eligible?


BMO World Elite® Business Mastercard® is typically available to those with good credit scores (650 or greater).
To get this card, you must also:
Yes Be at least 18 years of age (AB, MB, ON, PE, QA, SK). 19 in all other provinces.
Yes Be a permanent or temporary resident of Canada

Note: This information is only intended as a guide. The final decision is up to the bank and your application could still be rejected even if you can answer 'Yes' to all the minimum criteria above. Always consider your options and your financial situation before you apply for a credit card.

What the Critics Are Saying...


Yore Oyster
Yore Oyster

A reward point credit card targeted toward business owners in Canada. In addition to its high earning rate, the card also offers a good combination of travel insurance coverage and virtual healthcare benefits.

- Victor, Yore Oyster
Finder
Finder

The BMO World Elite Business Mastercard could be the right card for you if you want to collect BMO points for business purchases. This card lets you earn 4 points for every dollar you spend on gas, office supplies and Internet/mobile bill payments. It also comes with a welcome offer, travel perks an...

- Claire Horwood, Finder

Details


Interest Rates
Regular APR Interest Rate 17.99%
Balance Transfer Interest Rate 22.99% (0% for the first 9 months)

3% transfer fee on intro. rate

Cash Advance Interest Rate 22.99%
Rates & Fees
Annual Fee $149.00

Waived on the first year

Balance Transfer Fee 5%

Maximum

Cash Advance Fee 1%

Minimum of $5

Foreign Transaction Fee 2.5%

Transactions made in a foreign currency will be converted and posted to your account in Canadian currency.

Over Limit Fee $0.00
Late Payment Fee $0.00
Promotions
Sign up bonus 50000 points after spending $5,000
  • On purchases within the first 3 months.
  • Also earn an additional 20,000 points when you spend $35,000 in the first twelve months.
Rewards
All Purchases 1.5 points per $1 spent
Restaurants No
Gas 4 points per $1 spent
Groceries No
Hotels No
Travel No
Pharmacy No
Bills 4 points per $1 spent

On cell phone and internet bill payments

Additional Details

4 points per $1 spent on office supplies

Features & Benefits
Additional Card Holders Yes
Travel Accident Insurance No
Car Rental Insurance Yes
Car Rental Discount No
Extended Warranty Yes
Purchase Protection Yes
Zero Liability Yes
No Foreign Transaction Fees No
Emergency Assistance No
Concierge Service No
Price Protection No
Fraud Protection Yes
Free Credit Scores No
Wireless Payments No
Virtual Cards No
Additional Benefits
  • Liability Waiver Program
  • VIP Airport Lounge Access
  • Mastercard Easy Savings
  • Baggage delay insurance
  • Trip interruption insurace
  • Get five free virtual care visits on Maple
Eligibility
Minimum Security Deposit $0
Minimum Age

18 years in AB, MB, ON, PE, QA, SK. 19 years in all other provinces.

Minimum Personal Income
Temporary Residents No
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