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BMO World Elite Mastercard credit card review

This BMO World Elite Mastercard credit card review will show you the fantastic package of rewards and travel perks you can get whether you are at home or traveling around the world!

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by Aline Augusto

Published on 03/09/2022

BMO World Elite Mastercard credit card: extra rewards and travel perks!

Learn more about this card. Source: The Mister Finance.
Learn more about this card. Source: The Mister Finance.

Check out the BMO World Elite Mastercard credit card review to learn all about this amazing financial product!

So, BMO is one of the largest financial institutions, and if you are Canadian, this is not news for you. 

Besides the credit cards, this bank features mortgages, accounts, investments, lines of credit, insurance, and financial services.

Today, we will review a great credit card for those who love rewards and traveling abroad. No matter where you are, the benefits of holding it into your wallet are many.

So, stick with us!

Credit ScoreGood – Excellent 
Annual Fee$150
Regular APRFrom 20.99% to 23.99%(21.99% for Quebec residents)
Welcome bonusUp to 60,000 points;The annual fee is waived
Rewards3 points per $1 spent on travel, dining, and entertainment;
2 points per $1 on everything else
BMO (logo) that features BMO World Elite Mastercard credit card

How to apply for a BMO World Elite Mastercard card

Extra rewards and travel perks with a BMO World Elite Mastercard credit card! Check out how to apply!

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How does the BMO World Elite Mastercard credit card work?

BMO is a solid Canadian institution with significant and reliable background. Its credit cards are among the best on the market, and today we have brought to you one of a kind card.

This Mastercard lets you experience a complete package of rewards and travel perks you won’t find easily on other cards.

First of all, there is a welcome bonus of up to 30,000 points after you spend $3,000 within the first three months from the account opening.

And then, 2,500 points for each subsequent month in which you make at least $2,000 in purchases for 12 months.

Although it charges a $150 annual fee, this cost is waived in the first year. And this fee is justified for the volume of perks you get from the credit card.

Talking about rewards, you earn 3 points per $1 spent on travel, dining, and entertainment and 2 points for every $1 spent everywhere else.

You also earn 2 bonus points for every $1 you spend on rentals at participating National Car Rental® and Alamo Rent A Car® locations.

Furthermore, the points can be redeemed for flights, hotels, car rentals, cruises, and vacation packages. You can pay eligible purchases with those points, too.

Now, let’s talk about the other perks. With this BMO card, you can enjoy free 24-hour access to concierge, get 15% off admission to Cirque du Soleil shows touring Canada, 20% off resident shows in Las Vegas, and more.

Also, it provides you with Travel Medical & Accident Insurance, Trip Cancellation & Trip Interruption Insurance, Delayed and Lost Baggage Insurance, Flight Delay Insurance, and Car Rental Collision Loss & Damage Waiver Insurance.

Last but not least, you can count on a great mobile app and security features so you can feel peace of mind no matter where you are.

BMO World Elite Mastercard card benefits

Keep reading our BMO World Elite Mastercard credit card review. Source: Unsplash.
Keep reading our BMO World Elite Mastercard credit card review. Source: Unsplash.

This card is a tool for earning extra points to redeem as you wish. Besides the rewards, you get all the complimentary support and services you need wherever you are.

Also, you get access to over one million Wi-Fi hotspots worldwide with Boingo Wi-Fi, up to 20% off admission to Cirque du Soleil shows in Canada and Las Vegas, 25% off rentals at participating National Car Rental and Alamo Rent A Car locations, free 24-hour access to concierge, and more.

Check out the complete list of pros and cons we have made for you!

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Pros

  • Earn 3 points per $1 spent on travel, dining, and entertainment, and 2 points for every $1 spent everywhere else;
  • Get up to 60,000 points within 12 months from the account opening;
  • Pay $0 annual fee in the first year;
  • Earn 2 bonus points for every $1 you spend on rentals at participating National Car Rental® and Alamo Rent A Car® locations;
  • Redeem your points for flights, hotels, car rentals, cruises, vacation packages, and eligible purchases;
  • Enjoy free 24-hour access to concierge, up to 20% off admission to Cirque du Soleil shows in Canada and Las Vegas, access to Wi-Fi hotspots worldwide with Boingo, and more;
  • Get Travel Medical & Accident Insurance, Trip Cancellation & Trip Interruption Insurance, Delayed and Lost Baggage Insurance, Flight Delay Insurance, and Car Rental Collision Loss & Damage Waiver Insurance;
  • Enjoy peace of mind with a great mobile app and security features.

Cons

  • It charges a $150 annual fee;
  • It requires a minimum annual income of $80,000 or a minimum annual household income of $150,000.

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How good does your credit score need to be?

It is recommended that you have at least a good credit score to apply for this card. The higher your punctuation is, the better your chances of getting approved.

How to apply for BMO World Elite Mastercard credit card?

If you are interested in getting this fantastic rewards credit card, check out how to apply for it now!

BMO (logo) that features BMO World Elite Mastercard credit card

How to apply for a BMO World Elite Mastercard card

Extra rewards and travel perks with a BMO World Elite Mastercard credit card! Check out how to apply!

About the author

Aline Augusto

My name is Aline Mesquita; I'm a writer here on the blog, where I write about finance in general and other subjects. I have been working with content creation for ten years. Also, I'm post-graduated in Project Management, with expertise in SEO practices. Currently, I am studying finance, market trends, and cryptocurrencies.

Reviewed by

Aline Barbosa

Senior Editor

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