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BMO World Elite Mastercard

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Card details
Network provider
Mastercard
Provider
BMO Bank of Montreal
Card type
Rewards
Credit needed
Excellent
Fees and interest
Annual fee
$0
$150 after the first year
Purchase interest rate
19.99%
Cash advance rate
22.99%
Balance transfer rate
22.99%
Credit score required
Excellent (750-900) Good (650-749) Fair (575-649) Bad (300-574)
Features
  • 24/7 Customer Service
  • Airport Lounge Access
  • Extended Warranty
  • Purchase Protection
  • Travel Benefits

The BMO World Elite Mastercard lets you collect a mountain of travel rewards points quickly.  

You earn two points for every dollar charged to the card, with every 5,000 points holding a value of $50. Three points are earned for every dollar spent on travel, dining, and entertainment purchases.

New cardholders get a head-start with a welcome bonus worth 35,000 points, which boasts a $350 value (keep in mind, to get this bonus you must spend $3,000 on the card within the first three months).

The card has an attractive welcome offer: 35,000 points (but only after you spend $3,000 within the first three months) and the $150 annual fee waived for the first year. 

You can't redeem points for cash, though — you can only use them towards travel (and your trip must be booked on BMO's travel portal).  

The BMO World Elite Mastercard offers more than a good cash-to-points conversion rate; it also comes with a plethora of additional benefits, like extended warranty, purchase protection and free supplementary cards. Of course, the card offers some attractive travel perks, as well.

Users enjoy access to VIP airport lounges all over the globe, as well as comprehensive travel and medical insurance coverage on any trip booked using the card. The BMO World Elite Mastercard also covers users for damage insurance on rented vehicles.

The card requires an excellent credit score and an annual income of at least $80,000 annually, or a household income of $150,000 or more. 

Why get the BMO World Elite Mastercard?

Outstanding points conversionEvery dollar you charge to the BMO World Elite Mastercard nets you a 2% return, and when you spend on special categories (travel, dining, and entertainment), that figure goes up to 3%. With a terrific conversion rate like that, it won’t take long before you’ve banked enough for your next trip.

Relax while you travelThe BMO World Elite Mastercard doesn’t just get you where you want to go; it gets you there relaxed and stress-free. Cardholders can avoid the bustle of the airport in VIP lounges worldwide while enjoying travel, car rental and medical insurance coverage.

Go where you want, when you wantBMO’s travel points are eligible for use with any airline and are exempt from blackout dates and other restrictions. That means you can use your points to go anywhere, anytime.

Start off with 35,000 welcome pointsBMO's welcome offer of 35,000 points is worth roughly $250.

No fee for the first year - New cardholders will have the annual $150 fee waived.