The BMO AIR MILES World Elite Mastercard Review

Sign Up Bonus Points
3,000
Annual Fees
First Year Free
$120
Purchase Interest Rate
19.99%
Min Personal Income Required
$80,000
Recommended Credit Score
740 850 670 739 580 669 0 579
Good-Excellent
Get up to 3,000 AIR MILES bonus Miles, annual fee waived in the first year.

A generous bonus of 3,000 AIR MILES, while impressive, is just an introduction to the heap of rewards offered by the BMO®AIR MILES®† World Elite®* Mastercard®*. Cardholders will truly feel ‘elite’, with priority status at airport lounges worldwide, up to 25% off on car rentals, plus a comprehensive insurance package.

At a Glance:

  • 3,000 AIR MILES introductory bonus (expires April 30th, 2018)
  • $120 annual fee waived in the first year (expires April 30th, 2018)
  • Earn 1 mile for every $10 spent
  • Receive up to 25% off Alamo and National car rentals
  • 2x Reward Miles at Alamo and National Car Rentals chains
  • VIP Airport Lounge access

With a World Elite Mastercard, AIR MILES build quickly from most purchases, given a blanket 1 mile for every $10 spent. Spend about $1,700 a month on the BMO AIR MILES World Elite Mastercard, and the cardholder can easily earn over 5,000 AIR MILES – enough to redeem a trip from Canada to Cancun.

Why We Like It:

  1. 3,000 AIR MILE Bonus: As a gift to new members, BMO credits 1,000 AIR MILES with a single purchase on their World Elite Mastercard. The miles will hit the cardholder’s account within 45 days, and immediately represents enough to redeem for a short-haul flight. Then, reaching a total spend of $3,000 on your card will earn you another 2,000 bonus miles, that will be found on a cardholder’s account within 60 days following the qualifying $3,000 spend. These bonus miles can also be saved for later: the high-pace accrual of AIR MILES with this card makes it easy to fund a long-distance vacation every year.
  2. Earn Miles Fast: One AIR MILE is a welcomed reward for spending $10 with the BMO World Elite Mastercard, as most short-haul flights within Canada cost around 1,000 AIR MILES. The broad mileage accrual rate of 1 per $10 spent on everything is faster than many competing credit cards, and lets cardholders earn without discriminating on the basis of where they shop or what they buy.
  3. Discount on Redemption: When redeeming AIR MILES for airfare, cardholders get an additional 15% off the total miles required. This directly increases the value of rewards, and helps to make vacations more frequent and inexpensive for those with the privilege of being a World Elite member.
  4. Rental Discounts: You need to figure out a way to get around once your plane has landed. Thankfully, an extra 25% off the price of a car rental awaits for cardholders that go to Alamo and National to rent their vehicles. Plus you earn double the Miles when charging rentals from these companies.
  5. Vast Protection: Travellers are covered with one of the best insurance plans that Canadian credit cards offer, including protection against trip cancellation, damage or collision in a rental car, out-of-province or country emergency medical assistance and more. Items bought with the card are also protected, with 90 days of coverage after a new purchase and warranty extensions as well.
  6. VIP Lounge Access: Each cardholder gets 2 annual passes to a luxurious airport lounge, among those in a network of hundreds worldwide at the most popular international terminals. They also receive priority access to these lounges when not using their pass, but will be charged a small fee for each entry.

Is It Worth It?

For travellers that find themselves in the air often, whether on a business trip or vacation, the BMO AIR MILES World Elite credit card makes a big difference. 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 travelling in style. Moreover, Mastercard and BMO protect customers and their purchases with a competitive package of insurance features.

The only downside to the card is that its elite benefits come with strict application requirements. Applicants must have an $80K per year income (or 150K combined household income), as well as a very high credit score. But if you qualify, you’ll enjoy all the most exclusive benefits of a travel rewards system at the top of its field.

BMO is not responsible for maintaining the content on this site. Please click on the Apply now link for the most up to date information.

Article comments

4 comments
Carly says:

Many black out dates and black out resorts that can’t be booked with air miles. Frustrating to be only infrequently able to book flights with airlines.

GreedyRates says:

Hi Carly, thanks for your comment. We understand your frustration, and this is why cards that are exempt from blackout dates top our travel list. Unfortunately, the requirement of booking through Air Miles on the BMO World Elite card only adds another potentially complicating factor to travel. We can make some other recommendations for you:

If you truly want the ultimate freedom to travel on whatever airline you want, as well as have your choice of hotels, there is no substitute for the Scotia Gold Amex. You can simply book any travel arrangements you like and pay for them later with the card’s points. To learn more you can read our full Scotia Gold Amex review.

If Amex isn’t for you, try the TD First Class Travel Infinite card. It has no travel blackout dates, allows you to apply your points to travel-related purchases, and your points will never expire. If you book through Expedia, which has a huge array of travel options, you earn even more points. While it will force you to abandon the Air Miles program, it doesn’t seem like you’re very attached to it. Let us know if we can help any further. You can learn more by reading our full review of the TD First Class Visa Infinite card.

GreedyRates Staff

Andrew says:

Hi greedyrates,

Good job on covering all these cards, but your article is wrong on point 1. You don’t get 3000 AIR MILES on your first purchase. You get 1000 after the first purchase and 2000 after you spend $3000 in the first 3 months. That’s quite different, please fix this.

Thanks

GreedyRates says:

Hi Andrew,

Thanks for your comment, we appreciate the feedback 🙂 The article has now been updated.

GreedyRates Staff