Our Verdict
The BMO AIR MILES World Elite Mastercard earns solid marks for providing the highest AIR MILES earning rates available, with the 3 Miles per $12 at partners and 2 Miles per $12 at grocery stores representing significant improvements over basic AIR MILES cards. The exclusive 25% discount on one annual flight redemption stands out as exceptional value, potentially saving $200-500 on a single booking, while the 7,000-Mile welcome bonus provides immediate value worth approximately $735 in travel rewards. The comprehensive travel insurance package and DragonPass membership add premium benefits that justify the World Elite designation. The card's weaknesses include the unusual earning structure of Miles per $12 spent that makes comparison shopping difficult and generally translates to lower return rates than percentage-based competitors. The $80,000 income requirement excludes many potential AIR MILES enthusiasts, while the program's limited flight availability and redemption restrictions can frustrate those seeking specific travel dates. Despite these limitations, for committed AIR MILES collectors who shop frequently at partner retailers and value the program's simplicity, the BMO AIR MILES World Elite Mastercard provides the best available earning rates and exclusive benefits that enhance the overall AIR MILES experience.
7.7 / 10
- Earn up to 3 Air Miles per $12 spent
- Earn a welcome bonus of up to 7,000 Miles
- Travel insurance coverage
- Complimentary membership in Mastercard Travel Pass provided by DragonPass
- You'll pay an annual fee of $120
- Your minimum annual income needs to be $80,000 or you should have a household income of $150,000
Requirements
Be a Canadian citizen or permanent resident who is at least 18 years old (19 in some provinces). Have a minimum annual income of $80,000 or a household income of $150,000.
Additional Details
- Balance Transfer APR: 23.99% (21.99% for Quebec residents)
- Currency Conversion Fee: 2.5%
- Minimum Credit Score: 760+
- Minimum Deposit to Open: $0
Categories: Airline Lounge Access, Featured, Rewards, Lost Luggage, BMO
