BMO AIR MILES World Elite MasterCard
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If you are an AIR MILES collector, the BMO AIR MILES World Elite Mastercard could be an excellent choice. This card offers three times the miles at participating AIR MILES partners, though it’s worth noting that the number of these partners is somewhat limited. In addition to earning extra miles, the card provides valuable travel insurance and purchase security. Overall, the BMO AIR MILES World Elite Mastercard is tailored specifically for those who want to maximize their AIR MILES rewards.
Receive 2,000 AIR MILES Bonus Miles when you spend $3,000 in the first 3 months, plus enjoy the $120 annual fee waived for the first year.
Card Summary:
Rewards Summary:
With this credit card, you earn 3 Miles for every $12 spent at participating AIR MILES Partners, giving you 3X the Miles. You can get 4x the Miles by doubling your Shell Go+ Miles on eligible fuel and in-store purchases. Shopping at eligible grocery stores earns you double Miles, which is 2 Miles for every $12 spent, and you’ll earn 1 Mile for every $12 spent everywhere else. Additionally, enjoy a 25% discount on one worldwide AIR MILES flight redemption per year.
Benefits Summary:
Take control of your card with convenient features like alerts, card lock/unlock, and lost/stolen card reporting. Stay secure with Visa Secure protection. Plus, enjoy free, 24/7 access to CreditView, allowing you to monitor your credit score without any impact.
Coverage Summary:
This credit card includes Mobile Device Insurance to protect your gadgets. It also offers Purchase Security and Extended Warranty Insurance, ensuring your purchases are covered against theft or damage and extending the warranty period. Additionally, comprehensive Travel Insurance provides coverage for various travel-related issues, giving you peace of mind on your trips.
Editor’s Review
BMO AIR MILES World Elite Mastercard Review
The BMO AIR MILES World Elite Mastercard is a standout choice for avid AIR MILES collectors. With significant rewards, comprehensive travel insurance, and various benefits, this card is tailored to help you maximize your AIR MILES earnings.
Card Summary:
- Annual Fee: $120 (waived for the first year)
- Interest Rate: 20.99% (purchases), 23.99% (cash advances)
- Income Requirement: $80,000 individual / $150,000 household
- Sign-Up Bonus: 2,000 AIR MILES Bonus Miles (after spending $3,000 in the first 3 months)
Rewards Program:
- 3 Miles for every $12 spent at participating AIR MILES Partners (3x Miles)
- 4x Miles at Shell (double Shell Go+ Miles on eligible fuel and in-store purchases)
- 2 Miles for every $12 spent at eligible grocery stores (double Miles)
- 1 Mile for every $12 spent everywhere else
- 25% discount on one worldwide AIR MILES flight redemption per year
Benefits:
- Alerts, Card Lock/Unlock: Manage your card with ease
- Lost/Stolen Card Reporting: Quick and efficient reporting
- Visa Secure Protection: Enhanced security for online transactions
- CreditView: Free, 24/7 access to monitor your credit score without impact
Coverage:
- Mobile Device Insurance: Protection for your gadgets
- Purchase Security: Coverage against theft or damage for purchases
- Extended Warranty Insurance: Extends the warranty period of eligible purchases
- Comprehensive Travel Insurance: Covers various travel-related issues
Pros and Cons
Pros:
- High rewards rate at AIR MILES Partners and Shell
- Generous sign-up bonus with first-year fee waiver
- Comprehensive travel and purchase protection
- Convenient card management features
Cons:
- High-income eligibility requirements
- Limited number of AIR MILES Partners
- Annual fee after the first year
Who is this card for?
This card is ideal for individuals who:
- Frequently shop at AIR MILES Partners and Shell stations
- Travel often and can utilize the comprehensive travel insurance
- Have a high enough income to meet eligibility requirements
- Want to maximize their AIR MILES rewards
Comparison with Similar Cards
| Feature | BMO AIR MILES World Elite Mastercard | American Express AIR MILES Platinum | Scotiabank Gold American Express |
|---|---|---|---|
| Annual Fee | $120 (waived first year) | $120 | $120 |
| Purchase Interest Rate | 20.99% | 19.99% | 19.99% |
| Rewards | Up to 4x AIR MILES | Up to 1x AIR MILES | Up to 5x Scotia Rewards |
| Travel Insurance | Comprehensive | Basic | Extensive |
| Income Requirement | $80,000 individual / $150,000 household | None | None |
Final Verdict
The BMO AIR MILES World Elite Mastercard is an excellent option for AIR MILES collectors who meet the income requirements and frequently shop at participating partners. With a high rewards rate, substantial sign-up bonus, and comprehensive benefits, this card offers significant value, especially in the first year with the annual fee waiver. However, potential users should consider the high-income requirement and the limited number of AIR MILES Partners when deciding if this card is the best fit for their needs.
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Please note that the information provided on this site is not intended to be construed as professional or financial advice. For the latest and most accurate information on rates, terms, and conditions, kindly refer to the official webpage of the credit card.
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