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BMO
Mastercard
BMO Blue Rewards World Elite®* Mastercard®*Points Calculator
Get up to $1,600 in value, no annual fees for the first year, and a 0% introductory interest rate on balance transfers for 12 months with a 2% transfer fee*.
Our Take
The BMO Blue Rewards World Elite Mastercard caters to a specific high-income clientele. This competitor is a solid premium contender for those who make frequent Blue Rewards partner purchases, complete with valuable travel perks like lounge access. Still, the reward system is less flexible compared to other similar tier cards.
Exclusive · From FinlyWealth$125 rebate
Card Details
Interest Rates
Purchase: 21.99%
Cash Advance: 23.99%□
Balance Transfer: 23.99%□
□ Quebec rates: Cash advance 21.99%, Balance transfer 21.99%
Annual Fees
Main Card: $150
$0
$0 first year
Additional Cards: $50 (first year waived)
Welcome Bonus
Get up to $1,600 in value and the annual fees waived in the first year*. Plus, get a 0% introductory interest rate on balance transfers for 12 months with a 2% transfer fee*.
$1,600 in value is made up of:
Up to $665: Up to 100,000 Welcome Bonus Points (Worth up to $665 in value when redeemed at participating in-store partners or towards eGift Cards)
- Earn 45,000 Bonus Points 110 days after the credit card account open date when you spend a minimum of $5,000 on net card purchases within the first 110 days of account opening.*
- Earn an additional 20,000 Bonus Points 180 days after the credit card account open date when you spend a minimum of $10,000 on net card purchases within the first 180 days of account opening.*
- Earn a further 35,000 Bonus Points 365 days after the credit card account open date when you spend a minimum of $20,000 on net card purchases within the first 365 days of account opening.*
Up to $200: NEXUS Statement Credit
- Receive one statement credit up to a maximum of $200 CAD when NEXUS Application Fee is charged and posted in the first year on your Primary card regardless of NEXUS Application status.*
Up to $200: Annual Fee Rebate
- The Primary Cardholder annual fee of $150 will be rebated in the first year and will appear as a fee and a credit on the first statement.*
- Each Additional Card annual fee of $50 will also be rebated in the first year if added at the time of primary cardholder’s application and will appear as a fee and a credit on the first statement.*
Up to $268: Mastercard Travel Pass provided by DragonPass
- Includes a complimentary membership to participating lounges within the Mastercard Travel Pass provided by DragonPass program (approximate membership value of US$68 = $93 CAD based on exchange rate of 1.37 February 23, 2026).*
- Receive four complimentary lounge passes each calendar year. Passes can be used by you as the primary cardholder or for a travelling companion (approximate lounge passes value of US$128 = $175 CAD based on exchange rate of 1.37 February 23, 2026). After the four passes are used, lounge access is available for a fee of US$32 per person, per visit.*
Up to $200: Instacart+ Membership & Monthly Credit
- Complimentary and Discounted Instacart+ Membership: You, as the Primary cardmember, can activate this offer using your eligible Canadian BMO Credit Card by October 31, 2027 at 11:59PM PT, to receive (i) six (6) months of complimentary Instacart+ membership beginning on the date you activate this offer and (ii) this offer’s promotional Instacart+ annual rate ($20 CAD off annual rate of $99 CAD/year) if you opt-in to auto-enroll during initial offer enrollment. This offer is valid for only one eligible premium Canadian BMO Credit Card per Instacart account. Activate the offer via https://www.instacart.ca/p/bmo-premium or the special offer invitation in your email or account settings.*
- $10 Instacart Credit per Month BMO Offer: As a Canadian BMO Credit Card Primary cardmember, you can receive one $10 CAD credit in your Instacart account each month you have an active Instacart+ membership after you activate your complimentary BMO Instacart+ membership on https://www.instacart.ca/p/bmo-premium through October 31, 2027 at 11:59PM PT. The monthly credit will be made available to you in your Instacart+ account at the beginning of each month and will only be available on that platform for the remainder of that calendar month; the monthly credit will not roll over into a subsequent month.*
$75 market value: Roadside Assistance
- With the BMO Blue Rewards World Elite Mastercard, BMO CashBack World Mastercard and BMO CashBack World Elite Mastercard, you will receive a complimentary membership in the Dominion Automobile Association (DAA) and the benefits of their BMO Roadside Assistance Program (Basic Coverage). Membership terms and plan features are described in the Certificate you will receive or access the Certificate using the following link bmo.com/roadsideassistancebasic. DAA requires that BMO provide any information reasonably required solely for the purpose of confirming that you are covered by the Program.*
Annual Income
Personal: $80,000
Household: $150,000
Credit Score Estimate
300Poor
560Fair
660Good
725⁎Very Good
760⁎Excellent
Card Type
Credit
Our Rating
3.2/5
Institution
BMO
How You Earn Rewards
- Earn 10 Points for every $1 spent at participating Blue Rewards Partners*
- Earn 2 Points for every $1 spent on groceries, gas, electric vehicle charging, wholesale and alcohol purchases*
- Earn 1 Point for every $1 spent on everything else*
- Earn additional Points on top of your credit card Points when you use your physical or digital Blue Rewards Member Card at checkout*
- Unlock exclusive offers at top brands through Blue Rewards offers*
Annual Rewards Breakdown
Annual Rewards Summary
Point Redemptions
Redemption Method
Net Value (After Annual Fee)
Insurance & Benefits
11 insurance
6 benefits
Insurance
Coverage
Extended Warranty
Doubles the original manufacturer’s warranty up to an extension of 1 year*
Purchase Protection
Up to 90 days from date of purchase*
Travel Medical Insurance (64 & under)
Out-of-province/out-of-country emergency medical insurance up to $5 million per insured person, per trip - up to 15 consecutive days.*
Trip Interruption
Up to $2,000 per insured person, per trip (maximum of $10,000)*
Trip Cancellation
Up to $1,500 per insured person, per trip (maximum of $5,000)*
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Car Rental Damage & Theft
Rental period of up to 48 consecutive days with an MSRP of up to $65,000*
Common Carrier Travel Accident Insurance
Up to $500,000 per insured person*
Flight Delay
Up to $500 per trip for all insured persons with a flight delay of over 4 hours*
Baggage Delay
Up to $500 per insured person, to a maximum of $1,000 per trip*
Lost or Stolen Baggage
Up to $500 per insured person to a maximum of $1,000 per trip*
Hotel Burglary Insurance
Up to $1,000 for all insured persons*
Benefits
Details
Airport Lounge - Dragon Pass
Airport lounge access with complimentary membership in Mastercard Travel Pass provided by DragonPass, plus 4 free passes per calendar year.*
Global Data Roaming plan
Get up to 15% off a Global Data Roaming plan and up to 3GB of data without any additional charges with FlexiRoam.*
Car Rental Discount
Save up to 20% on National Car Rental and Alamo Rent A Car and up to 5% on Enterprise Rent-A-Car at locations worldwide using the Car Rental Booking tool.*
Plus car rental collision/loss damage insurance*
Roadside Assistance
Complimentary Roadside Assistance Program*; Including battery boosts, flat-tire change, lockout service and towing.*
Discount
Get 20% off admission to Cirque du Soleil shows in Canada, and 15% off resident shows in Las Vegas*
Discount
Enjoy six months of Instacart+ and a $10 monthly Instacart credit when you enroll your eligible BMO Credit Card.*
Pros & Cons
Pros
- Annual fee rebate
- Generous welcome bonus
- High partner purchase optimization
- Roadside assistance
- Lounge access
Cons
- Annual fee
- High income requirements
- Niche rewards system
Legal
*Terms and conditions apply.
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