Card Details

Bank Name: BMO
Network Type: Mastercard
Card Type: Personal
MRC Rating My Rate Compass's ratings are determined by our editorial team. Our editors rate credit cards objectively based on the benefits and features the credit card offers, interest rates, the fees, and how a credit card compares with other cards in its category.: (4)

Fees

Annual Fee: $150
Additional Card Fee: $0
Purchases Interest Rate: 19.99%
Cash Advance Interest Rate: 22.99%

Eligibility

  • You're a Canadian resident
  • You've reached the age of majority in your province or territory

Recommended Credit Score

Average to Excellent (670-900)

BMO World Elite Mastercard Review

Welcome Bonus:
 
BMO World Elite Mastercard snapshot
BMO® World Elite®* Mastercard®*review

Welcome offer: Get up to 40,000 points and the $150 annual fee waived in the first year.1 That’s a total value of $435!

Get 3 BMO Rewards points for every $1 spent on eligible travel, dining and entertainment purchases.

Get 2 points for every $1 spent everywhere else.

BMO World Elite Mastercard Rewards
BMO World Elite Mastercard Features
Priority airport services
No
Airport lounge access
Yes
Concierge service
No
Balance protection(Optional)
No
Purchase Security & Extended Protection Insurance
Yes
Flight delay insurance,Baggage Insurance
No
Vehicule rental insurance
Yes
Travel accident insurance
Yes
Travel medical insurance
Yes
BMO World Elite Mastercard User Reviews
Total Reviews: 0

Rating: 1 2 3 4 5 ( 4 )

Application Experience: 1 2 3 4 5

Rewards/Features: 1 2 3 4 5

Customer Service: 1 2 3 4 5

Convenience: 1 2 3 4 5

Likelihood to recommend: 1 2 3 4 5

BMO World Elite Mastercard FAQs
 

Other Recommended Credit Cards

Advantages:

  • Complimentary membership in Mastercard Airport Experiences provided by LoungeKey, with exclusive VIP access, plus four annual complimentary passes
  • BMO World Elite Total Travel and Medical Protection providing car rental collision damage coverage, out-of-province / out-of-country emergency medical protection up to $2 million, and more for unlimited-trips-per-year up to 21 days in length.
  • BMO Rewards points faster when you add additional cardholders for $50/year each
  • purchase protection and extended warranty on most items bought with your card
 

Editor`s Review:

 

As the flagship travel reward card from BMO, the BMO® World Elite®* Mastercard®* is perfect for frequent travelers who want to benefit from outstanding travel insurance and gain access to several other perks. The signup bonus is quite generous, plus the card comes with an extended warranty and extra rewards.

 

The $150 annual fee is not something out of touch. What's even better, the first year is free for all new users. After $3,000 in purchases, you get a huge signup bonus of 35,000 points, which is worth over $250. This means that you'll get the first year free, plus another year and a half free thanks to these points.

 

The perks included in this plan include 2 reward points per each $1 spent, LoungeKey superior experience, concierge services, purchase protection, and complete travel insurance. The LoungeKey offers you 4 passes each year, each being worth over $140.

 

In terms of concierge service, you can get bespoke services, and even reserve your own table at restaurants where English is not the primary language. The insurance is also extremely useful, especially as it gives you back over $2,000 for trip interruption, $2,500 for trip cancellation, $750 for delayed flights/lost luggage, and $500.000 in travel-related accidents.

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Click on the user reviews tab above to leave a review

 

Author Bio

User
Mohamed Konate

Mohamed Konate is a personal finance expert, blogger, and marketing consultant based out of Toronto. He is a former financial services professional who worked for many years at major Canadian financial institutions where he managed the marketing strategy around various financial products ranging from credit cards to lines of credit. Mohamed is passionate about personal finance and holds a Bachelor in Business Administration from the University of Quebec (Montreal) and a Master in International Business from the University of Sherbrooke (Quebec).He is also the author of the Canadian Credit Card Guidebook.