Annual Fee
$120
Extra Card Fee
$50
Purchase
19.99%
Cash Advance
22.99%
Balance Transfer
22.99%
Personal Income
$80,000
Household Income
$150,000
Canadian resident who has reached the provincial age of majority.
Best AIR MILES Credit Card for 2018 award seal
  • The absolute best AIR MILES credit card in Canada, by far.
  • Earn 1 Mile for every $10 spent on ALL credit card purchases.
  • Get 3,000 AIR MILES Bonus Miles after your first credit card purchase. That’s enough for two short-haul flights.
  • Receive an exclusive 15% discount on AIR MILES flights within North America.
  • Enjoy exclusive VIP access to airport lounges worldwide with Priority Pass membership, plus two complimentary passes (a $150 value).
  • Travel with confidence with BMO’s extensive travel warranty which includes 12 types of travel insurance including 15 days of emergency medical, lost, stolen, or delayed baggage, and rental car theft, damage and accident.
  • Know that your card purchases are covered by BMO’s extended warranty and purchase protection.
  • 24/7 access to experienced concierge staff.
Extended Warranty 1 year
Purchase Protection 90 days
Travel Accident $500,000
Emergency Medical 15 days
Trip Cancellation $2,500
Trip Interruption $2,000
Flight Delay $500
Baggage Delay $200
Lost or Stolen Baggage $750
Personal Effects $750
Hotel Burglary $750
Rental Car Theft & Damage Yes
Rental Car Accident $200,000
Rental Car Personal Effects $1,000

Please review your insurance certificate for details, exclusions and limitations of your coverage.

Our Review

The BMO AIR MILES World Elite Mastercard has the best AIR MILES earn rate of any card out there right now, making it by far the best AIR MILES credit card on the market.

Right off the bat, it rewards you with 3,000 welcome bonus miles, which is enough for 2 short haul flights - just for making your first purchase.

AIR MILES Flight Calculator

Where could your 3K miles take you?

This ‘Where can I fly' feature by AIR MILES lets you see exactly where your 3,000 welcome MILES can fly you.

AIR MILES Flight Calculator

For example, with 1,400 MILES you can go from:

  • Toronto to New York, or

  • Vancouver to Portland

Or you could take one long haul flight - for example from Calgary to Texas - for the whole 3,000 MILES. The possibilities are fun to imagine making the flight calculator a blast to use.

BMO AIR MILES Mastercard Rewards

With every purchase you make, you'll earn 1 mile for every $10 spent when most other cards offer either 1 mile per $20 spent or 1 mile per $15 spent. This is the only card that offers a rate this good on every single purchase.

Not only do you earn AIR MILES with every purchase, but this card will give you a 15% discount on AIR MILES flights within North America. If you're planning a trip soon, this discount alone can come handy. It might even be worth apply for the card to have just for a single year to get the discount... Especially because the annual fee is waived for the first year.

World Elite Mastercard Perks

The BMO AIR MILES World Elite Mastercard also offers perks, like:

  • Priority Pass Membership,

  • 2 complimentary Priority Pass Lounge passes worth $150, and

  • 24/7 Concierge.

Keep in mind, there is a $120 annual fee attached to this card, but that's reasonable for the combination of rewards and perks this card offers.

Speaking of annual fee...it's a good time to mention that if the annual fee scares you, it is possible to get it waived if you have a premium banking package from BMO. That too has a fee, but it can also be waived if you keep a minimum balance of $6,000 in your account.

BMO Travel Insurance

If all that isn't enough, then this card gives you the best insurance package of any AIR MILES credit card out there.

If insurance is a priority of yours, this card comes with 14 out of 16 possible types of insurance including: Trip Cancellation and Trip Interruption, 15 days of Emergency Medical, Personal Effects insurance...and that's just the tip of the iceberg.

When this card isn't for you

Can't stomach the $120 annual fee?

The minimum income requirement is too high?

Check out the BMO AIR MILES World Mastercard for a slightly lower annual fee.

Or, if you want a $0 annual fee, then there's the BMO AIR MILES Mastercard.

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