Pros & cons
Pros
- Get up to 100,000 welcome bonus points.*
- Earn up to 10 points per $1 spent on purchases.*
- Comes with 4 airport lounge passes every year.*
- Includes 12 types of insurance.*
- Free roadside assistance.*
Cons
- Low rewards compared to other premium cards.
- High income requirements of either $80,000 personal or $150,000 household.
Your rewards
Getting your welcome bonus
Based on $3,000 in monthly spending, you can get up to 100,000 points which translates to an estimated $670.◊
For all welcome bonus details click here.
How you earn rewards
Each card earns rewards differently. Part of choosing your card is deciding what type of rewards you want to get. With BMO Blue Rewards World Elite Mastercard, here's how you earn rewards:
- 10 points per $1 spent at Blue Rewards partners
- 2 points per $1 spent on groceries , gas , electric vehicle charging , wholesale, and alcohol purchases
- 1 point per $1 spent on all other purchases
For all reward details click here.
How much your rewards are worth
The dollar value of your rewards depends on the specific rewards program ‒ and what you choose to redeem your points for. For BMO Blue Rewards World Elite Mastercard in particular, if you spend $3,000 per month, here's our estimated annual rewards earned depending on which reward you choose:
| eVouchers | $416 |
Calculating your annual rewards
$36,000 annual spending x 1.16% return on spending = $416 annual rewards
$416 annual rewards − $150.00 annual fee = $266 net annual rewards
Details and eligibility
- Estimated Credit Score
- 560 - 659
- Personal Income
- $80,000
- Household Income
- $150,000
- Annual Fee
- $150.00
- First Year Free
- Yes
- Extra Card Fee
- $50
- Card type
- Credit
- Purchase
- 21.99%
- Cash Advance Δ
- 23.99%
- Balance Transfer Δ
- 23.99%
- Balance Transfer
- 0.00%
- Transfer Term
- 12 months
Insurance coverage
- Extended Warranty
- 1 year
- Purchase Protection
- 90 days
- Travel Accident
- $500,000
- Emergency Medical Term
- 15 days
- Emergency Medical Maximum Coverage
- $2,000,000
- Trip Cancellation
- $1,500
- Trip Interruption
- $2,000
- Flight Delay
- $500
- Baggage Delay
- $200
- Lost or Stolen Baggage
- $750
- Personal Effects
- $750
- Hotel Burglary
- $500
- Rental Car Theft & Damage
- Yes
Please review your insurance certificate for details, exclusions and limitations of your coverage, terms and conditions apply.
Learn more about the value of credit card insurance coverage.
Genius Rating
BMO Blue Rewards World Elite Mastercard's 4.5 Genius Rating is based on the weighted average of the following scores:
Methodology
All scores are produced by our math-based rating algorithm that takes into account over 126 credit card features.
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BMO Blue Rewards World Elite Mastercard review
AIR MILES is no more, and its place is Blue Rewards. The BMO Blue Rewards World Elite Mastercard is the replacement for the BMO AIR MILES World Elite Mastercard in BMO's credit card lineup.
This card comes with plenty of perks, but the rewards are a little lower than what other World Elite Mastercards offer.
Earning rewards with the BMO Blue Rewards World Elite Mastercard
This card earns Blue Rewards. Here's what you'll get:
- 10 points per $1 spent at Blue Rewards partners
- 2 points per $1 spent on groceries, gas, electric vehicle charging, wholesale, and alcohol purchases
- 1 point per $1 spent on all other purchases
Spending $3,000 a month across various categories will give you roughly 62,100 Blue Rewards points per year. The number will greatly vary based on how much you shop at Blue Rewards partner stores.
What can you use your points for? You can use Blue Rewards for e-vouchers at many participating stores.
1,500 points will give you a $10 voucher, a value of 0.67 cents per point, giving you annual rewards a total value of 416, or an average return of 1.16.
Pros to the BMO Blue Rewards World Elite Mastercard
There are plenty of features included with this credit card.
1. Big welcome bonus
Give your Blue Rewards points balance a kickstart. You'll earn 100,000 bonus points after spending $5,000 in the first 110 days, $10,000 in the first 6 months and $20,000 in the first year. These points are worth $670 in vouchers.
2. Roadside assistance
Roadside assistance is a rare perk. But this is one card that includes it. Whether you need a tow or a battery boost, this credit card has you covered. It's a great card to have in your pocket if something happens to your vehicle.
3. Airport lounge access
All World Elite Mastercards offer a Mastercard Travel Pass membership for airport lounge access. But only a few offer free lounge passes. This is one of them – it includes 4 passes.
4. Plenty of insurance
BMO World Elite Mastercards offer some of the best credit card insurance packages. This card includes 12 types of insurance. The details are in the insurance section.
5. Introductory balance transfer offer
Have credit card debt? This card has one of the best balance transfer offers available – 0% for the first 12 months, with a 2% transfer fee.
Cons to the BMO Blue Rewards World Elite Mastercard
Though it has many perks, two factors work against this card.
1. Low rewards for a World Elite Mastercard
Outside of Blue Rewards partners, the rewards are just fair. Across the board, an average return of 1.16% is a little low when compared to other premium credit cards.
2. High income requirements
This is typical of any World Elite Mastercard, but in order to qualify, you need a personal income of $80,000 or a household income of $150,000.
Comparison to the BMO Blue Rewards Mastercard
The Blue Rewards program also offers a no-annual fee card, the BMO Blue Rewards Mastercard. Here's the comparison between these cards so you can decide whether it's worth the $150 annual fee.
| BMO Blue Rewards World Elite Mastercard | BMO Blue Rewards Mastercard | |
|---|---|---|
| Welcome Bonus | Up to 100,000 bonus points, first year free (terms)* | Up to 20,000 bonus points (terms)* |
| Earn Rates | * 10 points per $1 spent at Blue Rewards partners * 2 points per $1 spent on groceries, gas, electric vehicle charging, wholesale, and alcohol purchases * 1 point per $1 spent on all other purchases | * 5 points per $1 spent at Blue Rewards partners * 1 point per $1 spent on groceries, gas, electric vehicle charging, wholesale, and alcohol purchases * 0.5 points per $1 spent on all other purchases |
| Average Earn Rate | 1.16% | 0.58% |
| Features | * Roadside assistance*
* 4 airport lounge passes* * 0% on balance transfers for 12 months* | * 0.99% on balance transfers for 9 months* * Roadside assistance* |
| Insurance Coverages | 12 types | 2 types |
| Income Requirements | * $80,000 personal
* $150,000 household | None |
FAQ
What are Blue Rewards?
Blue Rewards is the rewards program formerly known as AIR MILES. The program is owned by BMO. You can earn points with a Blue Rewards credit card and through partnered retailers, then you can redeem your points for vouchers or for travel.
What benefits does the BMO Blue Rewards World Elite Mastercard offer?
The BMO Blue Rewards World Elite Mastercard has a long list of benefits. These include roadside assistance, 12 types of insurance, 4 free airport lounge passes, and an introductory balance transfer offer.
What are the annual fee and income requirements of the BMO Blue Rewards World Elite Mastercard?
The BMO Blue Rewards World Elite Mastercard has an annual fee of $150, which is currently waived for the first year. To qualify, you need to have a personal income of $80,000 or a household income of $150,000.
Key benefits
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