The BMO AIR MILES World Elite Mastercard is the best AIR MILES card in Canada thanks to high AIR MILES earn rates, a great sign up bonus, and a nice discount when you redeem miles for flights.

Annual Fee
Extra Card Fee
Card Type
Cash Advance
Balance Transfer
Personal Income
Household Income
Canadian resident who has reached the provincial age of majority.
Extended Warranty 1 year
Purchase Protection 90 days
Travel Accident $500,000
Emergency Medical Term 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.

BMO is not responsible for maintaining the content on this site. Please click on the Apply now link for the most up to date information.

If we find your match, we’ll give you up to $25 when you refer your friends.*

BMO Air Miles Mastercard World Elite 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 2,000 welcome bonus miles, which is enough for 1 short haul flight, after spending $2,000 in the first 3 months.

Plus, BMO is waiving the annual fee for the first year, letting you try out the card to see if it works for you.

AIR MILES flight calculator

Where could your 2K miles take you?

This ‘Where can I fly’ feature by AIR MILES lets you see exactly where your 2,000 welcome MILES can fly you.

AIR MILES Flight Calculator

For example, with 2,000 MILES you can go from:

  • Toronto to Chicago, or
  • Calgary to Seattle.

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 big trip using AIR MILES, then the 15% discount alone can make applying for this card worthwhile.

World Elite Mastercard perks

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

  • Mastercard Airport Experiences Provided by LoungeKey,
  • 2 complimentary lounge passes, 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.

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 types 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.

Want to know more about this card? Our full blog review covers every nook and cranny.

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 .

What are your thoughts?

Pairs well with...

Featured In:

The Globe and Mail
Financial Post
Yahoo Finance