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BMO® Air Miles® World Elite® Mastercard® review

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Advertiser Disclosure

Interest Rate: Purchases
19.99%
Balance Transfer
22.99%
Rewards
1 Mile
Signup Bonus
2000 miles (after spending $3,000)


6.5/10
Informr score
The BMO® Air Miles® World Elite® Mastercard® currently has an Informr score of 6.5 out of 10. This score is based on our evaluation of 7 sources including reviews from users and the web's most trusted critics.

Am I eligible?


BMO® Air Miles® World Elite® 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
Yes Have a minimum personal income of $80000.

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...


HowToSaveMoney.ca

If you’re an avid Air Miles collector looking to boost your rewards earn rate, look no further. With the BMO Air Miles World Elite Mastercard, you’ll earn 1 Air Mile for every $10 you spend on all purchases, which is twice the regular in-store earn rate. On top of that, you’ll get all those World El...

- HowToSaveMoney.ca
creditcardGenius

If your an avid AIR MILES collector, the BMO AIR MILES World Elite Mastercard is a card you’re going to want to consider adding to your wallet – especially if you use your miles to redeem for flights within North America. And if you’re not a collector, the current sign-up offer of up to 3,000 miles...

- creditcardGenius
Money We Have

My BMO AIR MILES World Elite Mastercard is neutral. I personally don’t love the AIR MILES program but I do think the Cash Miles reward feature can be beneficial. As far as the credit card is concerned, the BMO AIR MILES World Elite Mastercard will earn you AIR MILES the quickest

- Barry Choi, Money We Have
GreedyRates.ca

Cardholders earn AIR MILES quickly with a big introductory bonus and fast accrual from most purchases, which they can redeem to cut their bills by hundreds or even thousands of dollars each year, all while traveling in style. Moreover, Mastercard and BMO protect customers and their purchases with a...

- GreedyRates Team, GreedyRates.ca
LowestRates.ca

If you’re a fan of Air Miles and are looking for a credit card that will allow you to earn as many miles as possible — this card should be your go-to. However, if you’re interested in travel rewards cards in general, there are options out there that can help you pay for flights quicker.

- Maureen Genore, LowestRates.ca

Details


Interest Rates
Regular APR Interest Rate 19.99%
Balance Transfer Interest Rate 22.99%
Cash Advance Interest Rate 22.99%
Rates & Fees
Annual Fee $120.00

Waived on the first year.

Balance Transfer Fee 3%

Maximum

Cash Advance Fee $5.00
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 $29.00
Late Payment Fee $0.00
Promotions
Sign up bonus 2000 miles after spending $3,000

On purchases within the first 3 months.

Rewards
All Purchases 1 mile for $12 spent
Restaurants No
Gas No
Groceries No
Hotels No
Travel No
Pharmacy No
Bills No
Additional Details
  • 3 miles per $12 spent on your everyday needs at participating AIR MILES Partners
Features & Benefits
Additional Card Holders

$50 per year for each card

Travel Accident Insurance Yes
Car Rental Insurance Yes
Car Rental Discount Yes
Extended Warranty Yes
Purchase Protection Yes
Zero Liability Yes
No Foreign Transaction Fees No
Emergency Assistance No
Concierge Service Yes
Price Protection No
Fraud Protection Yes
Free Credit Scores Yes
Wireless Payments Apple Pay
Virtual Cards No
Additional Benefits
  • Treat yourself to airport lounge access with complimentary membership in Mastercard Airport Experiences provided by LoungeKey
  • Enjoy free access to over 1 million Wi-Fi hotspots around the world with Boingo Wi-Fi for Mastercard Cardholders
  • Save up to 25% off rentals at participating National Car Rental and Alamo Rent a Car locations
  • 5% discount on all AIR MILES flights in North America and no blackout periods
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 $80,000 per year


Temporary Residents No
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Additional comments
Terms & Conditions Official Terms & Conditions
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