BMO AIR MILES®† World Elite®* Mastercard®* 

Welcome Bonus
7,000 miles
Ends Jun 1, 2026
  • 3X miles at participating AIR MILES partners
  • Premium Insurance
  • Accepted at Costco
Annual Fee
$120
First Year Annual Fee Rebate (terms apply)
Interest rates
Purchase Rates
21.99 %
Cash Advance Rates
23.99 %
21.99 % (QC)
Balance Transfer Rates
23.99 %
21.99 % (QC)

BMO AIR MILES®† World Elite®* Mastercard®*
7,000 miles
Ends Jun 1, 2026
Apply Now
Updated Jun 1, 2025

Offer

Welcome Offer: Get up to $1,000 in value including up to 7,000 AIR MILES Bonus Miles and no annual fee in your first year.*

  • Collect miles more than 10x faster than other AIR MILES* Collectors:
    • 3x the Miles for every $12 spent at participating AIR MILES Reward Partners
    • 2x the Miles for every $12 spent at any eligible grocery store*.
    • 2x the Miles for every $12 spent at any eligible wholesale clubs, membership-based retailers and alcohol retailers*
    • Plus, 1 Mile for every $12 that you spend with your credit card everywhere else*
  • What’s more, you now have the option of transferring your Silver miles into Dream miles thanks to our new miles transfer feature. So if you want to turn your Silver miles into a dream vacation, there’s no stopping you!
  • Get 7¢/L off Shell V-Power premium fuel and 2¢/L off all other Shell fuels every time you fill up.
  • Use fewer miles with our exclusive 25% discount on an AIR MILES flight to any destination during the calendar year*.
  • Complimentary membership in Mastercard Travel Pass provided by DragonPass.*
  • Get valuable benefits and offers for digital everyday services from a variety of on-demand apps and subscription services
  • Shop, eat and relax with our partners to receive offers when you travel and make purchases with your BMO World Elite Mastercard outside Canada.

Fees & Conditions

Personal Income $80,000
Household Income $150,000
Annual Fee $120
First Year Annual Fee Rebate
First Additional Card $50
Other Additional Card $50
Foreign Transaction Fee 2.5%
Purchase Rates 21.99%
Cash Advance Rates 23.99%
Balance Transfer Rates 23.99%
Cash Advance Rate (QC) 21.99%
Balance Transfer Rates (QC) 21.99%

Value

Calculate the rewards
Your Monthly Spending
Year 1
Year 2+
Welcome Bonus
0 $
Annual Credit
Travel benefits
VIP Lounges
First Year Annual Fee Rebate
-
First year offer value
Rewards Earned
Annual fee
Net value

Advantages

Offer ends on Jun 1, 2026
Welcome Bonus amount 7,000 miles
Minimum Spending Required $20,000
Minimum Spending Timeframe (Months) 12 month(s)
Costco

Earnings

Per dollar of purchases

All Spending 0.08 miles
Groceries 0.08 miles
Gas 0.08 miles
Dining and Food delivery 0.08 miles
Convenience Stores 0.08 miles
Drugstores 0.08 miles
Local Transport 0.08 miles
Travel 0.08 miles
Entertainment 0.08 miles
Recurring Payments 0.08 miles
Telecom/Internet 0.08 miles
Streaming services 0.08 miles
Online transactions 0.08 miles
Office Supplies 0.08 miles

Insurance

Travel Insurance

Insurance Name
Included
Amount
Duration
Travel Medical Insurance
Travel medical insurance up to 54 years old
$2,000,000
15 day(s)
Travel medical insurance up to 64 years old
$5,000,000
15 day(s)
Travel medical insurance 65+
Trip Cancellation Insurance
$1,500
Trip Interruption Insurance
$2,000
Common Carrier Travel Accident Insurance
$500,000
Flight Delay Insurance
$500
Delayed Baggage Insurance
$500
Lost/Stolen Baggage Insurance
$500
Auto Rental Loss/Insurance
$65,000
48 day(s)
Hotel/Motel Burglary Insurance
$1,000

There may be a daily maximum amount depending on the type of fees paid

Other Insurance

Insurance Name
Included
Amount
Duration
Extended Warranty
1 year
Purchase Protection
90 day(s)
Mobile Device Insurance
Price Protection
Insurance Document

Alternative Cards

4.25 Milesopedia Rating