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BMO World Elite Mastercard

BMO World Elite Mastercard

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Network Provider
Mastercard
Provider
BMO Bank of Montreal
Type
Rewards
Annual fee
$0 $150 after the first year
Purchase interest rate
19.99%
Cash advance rate
22.99%
Balance transfer rate
22.99%
Credit Needed
Excellent (750-900)

Card Features

  • 24/7 Customer Service
  • Airport Lounge Access
  • Extended Warranty
  • Purchase Protection
  • Travel Benefits

About This Card

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; 5,000 points is equivalent to $50. Three points are earned for every dollar spent on travel, dining, and entertainment purchases.

New cardholders get a head-start on collecting points 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).

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 $150 annual fee is waived in the first year. 

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. 

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