BMO AIR MILES^®† World Elite^®* MasterCard^®*

Offer structure

• 3,000 Miles Bonus after spending $4,500 
• 2,000 Miles Bonus after spending $5,500 more 
• 2,000 Miles Bonus after spending $10,000 more

7,000 Miles Total with the welcome bonus

‣ Apply for the BMO AIR MILES World Elite MasterCard

Total rewards by unlocking the welcome bonus

• 3,000 Miles Welcome bonus (Miles)
• 563 Miles Estimated earn on the $4,500 minimum spending requirement (50% at multiplier earn rate of 2 pts/$12 and 50% at base earn rate of 1 pt/$12)
• 2,000 Miles Welcome bonus (Miles)
• 687 Miles Estimated earn on the $5,500 minimum spending requirement (50% at multiplier earn rate of 2 pts/$12 and 50% at base earn rate of 1 pt/$12)
• 2,000 Miles Welcome bonus (Miles)
• 1,250 Miles Estimated earn on the $10,000 minimum spending requirement (50% at multiplier earn rate of 2 pts/$12 and 50% at base earn rate of 1 pt/$12)

9,500 Miles Welcome bonus  + Earn on the minimum spending requirement to unlock the welcome bonus

‣ Apply for the BMO AIR MILES World Elite MasterCard

Net value (at our Flytrippers Valuation of 10.5¢/pt)

• ≈ $315 Bonus after spending $4,500 (3,000 pts)
  
• ≈ $59 Earn on the required spending (563 pts)
• ≈ $210 Bonus after spending $5,500 (2,000 pts)
• ≈ $72 Earn on the required spending (687 pts)
• ≈ $210 Bonus after spending $10,000 (2,000 pts)
• ≈ $131 Earn on the required spending (1,250 pts)
• –$0 Card fee (first-year annual fee rebated)

≈ $997 Total net value by unlocking the welcome bonus

‣ Details about our Flytrippers Valuation of welcome bonuses

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Effective return rate

≈ 5% Return on the minimum spending requirement of $20,000 in the first year

‣ Details about effective return rates (coming soon)

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Rewards acquisition summary

≈ $997 Rewards you get for $0 in fees paid

‣ Apply for the BMO AIR MILES World Elite MasterCard

Value of redemption options (welcome bonus)

For each available redemption option, here is the value of the 9,500 AIR MILES Miles you get by unlocking the welcome bonus:

• ≈ $997 to ≈ $1,140: Any trips on the AIR MILES website
• $997: Merchandise at participating stores
• ≈ $760: Merchandise online

‣ Details about the AIR MILES program (coming soon)

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Value of redemption options (per point)

For each available redemption option, here is the value per AIR MILES Mile to help you understand:

• ≈ 10.5¢ to ≈ 12¢: Any trips on the AIR MILES website
• 10.5¢: Merchandise at participating stores
• ≈ 8¢: Merchandise online

‣ Details of the value per point

Value of redemption options (welcome bonus)

For each available redemption option, here is the value of the 9,500 AIR MILES Miles you get by unlocking the welcome bonus:

• ≈ $997 to ≈ $1,140: Any trips on the AIR MILES website
• $997: Merchandise at participating stores
• ≈ $760: Merchandise online

‣ Details about the AIR MILES program (coming soon)

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Value of redemption options (per point)

For each available redemption option, here is the value per AIR MILES Mile to help you understand:

• ≈ 10.5¢ to ≈ 12¢: Any trips on the AIR MILES website
• 10.5¢: Merchandise at participating stores
• ≈ 8¢: Merchandise online

‣ Details of the value per point

25% discount on a Miles redemption for flights
You get 25% off a flight booking every calendar year (so 2 in your first year with the card). It is capped at a 750 Miles discount (flight costing 3,000 Miles).

‣ Details about the BMO AIR MILES discount (coming soon)

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Automatic AIR MILES Onyx elite status
You get a few benefits like unlimited transfers between Cash Miles and Dream Miles, bonus points on travel, and more.

‣ Details about the AIR MILES elite status benefit (coming soon)

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Up to 7¢/L off fuel at Shell
You save 2¢/L on fuel at Shell or even 7¢/L on Shell V-Power NiTRO+ fuel.

‣ Details about the BMO Shell benefit (coming soon)

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Automatic registration to the AIR MILES Card Linked Offers benefit
You can take advantage of the discounts and credits of the Card Linked Offers benefit without having to register your card.

‣ Details about the AIR MILES Card Linked Offers benefit (coming soon)

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Free membership in the Mastercard TravelPass network of VIP airport lounges
Warning: Many cards offer free membership AND free passes; this one just gives membership and no free passes. You should avoid paying for this.

‣ Learn more about the airport lounge access

Insurance included

• Medical travel insurance for ages 64 and under (15 days; $5M)
• Trip cancelation insurance ($1500 per insured person, per trip)
• Trip interruption and delay insurance ($2000 per insured person, per trip)
• Flight delay insurance ($500, 4hr minimum)
• Baggage delay insurance ($500/person, $1000 total)
• Lost or stolen baggage insurance ($500/person, $1000 total)
• Hotel burglary insurance ($1000)
• Rental car insurance ($65k maximum MSRP)
• Extended warranty on purchases (doubled, 1 year maximum)
• Protection insurance on purchases (90 days)

‣ Details about the insurance coverage included with the card (coming soon)

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Insurance not included (among the main types)

• Medical travel insurance for ages 65 and above
• Travel accident insurance
• Mobile device insurance

‣ Details about the different types of insurance coverage (coming soon)

Earn rates (and effective return at our Flytrippers Valuation)

3 Miles per $12 / 0.25 Miles per $ (≈ 2.63%):

• AIR MILES retail partners (Shell, Global Pet Foods, Pharmasave, Timber Mart, etc.)
• AIR MILES car rental partners (Budget, National, Alamo)

2 Miles per $12 / 0.17 Miles per $ (≈ 1.75%):

• Groceries
• Costco and other membership clubs
• Liquor stores

1 Mile per $12 / 0.08 Miles per $ (≈ 0.88%):

• Everywhere else

‣ Details about credit card earn rates (coming soon)

Pooling (with additional cards)
You can pool AIR MILES Miles with up to 3 additional cards (“joint” cards) added to this account. Additional cards have a fee of $50 (the first-year fee is rebated for 3 additional cards if they’re added during the application).

‣ Details about pooling rewards with additional cards (coming soon)

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Pooling (with separate cards that earn AIR MILES Miles)
You can pool points across your separate cards that earn AIR MILES Miles.

‣ Details about pooling AIR MILES Miles from separate cards (coming soon)

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Pooling (with travel companions)
You cannot pool AIR MILES Miles with travel companions. But the points are so easy to redeem that you don’t need to pool them either.

‣ Details about pooling AIR MILES Miles with travel companions (coming soon)

Expiration (if you have the card)
AIR MILES Miles never expire as long as you have the BMO AIR MILES World Elite MasterCard!

‣ Details about AIR MILES Miles expiration (coming soon)

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Expiration (if you don’t have the card)
You have 3 options to easily keep your AIR MILES Miles from expiring even without the card:

• Change the card to its no-fee version instead of closing it
• Redeem points in the 60 days after closing the card

‣ Details about reward expiration policies (coming soon)

How to get started

• Apply for the BMO AIR MILES^®† World Elite^®*MasterCard^®*
• Spend $20,000 (in the first year) to unlock bonus

‣ Details about the steps to follow when applying for a new card in Flytrippers’ free checklist

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How to use/manage rewards

• Create an AIR MILES online account in a few clicks
• Use/manage your AIR MILES Miles on the AIR MILES website or app

‣ Details about how to use/manage AIR MILES Miles (coming soon)

Card eligibility

• Minimum income: $80,000 (personal) OR $150,000 (household)
• Age: Majority in your province
• Estimated credit score: Excellent
• Credit bureau: Equifax Canada

‣ Details about credit card eligibility requirements (coming soon)

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Welcome bonus eligibility

You must not have had the BMO AIR MILES^®† World Elite^®* MasterCard^®* since March 24, 2025.

‣ Details about credit card welcome bonus eligibility rules

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Offer end date

June 1^st 2025

‣ Sign up for Flytrippers’ free newsletter about travel rewards to get all updates and news

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Summary of card details

• Issuer: BMO (Bank of Montreal)
• Network: Mastercard
• Card Type: Credit card
• Product Type: Personal card
• Rewards: AIR MILES Miles
• Rewards class: Bank/retail rewards

‣ Details about credit card basics (coming soon)

Fees

• Card fee: $120 (first year annual fee rebated)
• Fee for optional additional card: $50 (rebated the first year)
• Foreign transaction fee: 2.5%

‣ Details on why Flytrippers recommends savvy travelers choose cards with annual fees (coming soon)

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Annual interest rates

• Purchases: 21.99%
• Cash advances: 23.99% (21.99% for Québec residents)
• Balance transfers: 23.99%

‣ Details about what Flytrippers recommends regarding interest rates (coming soon)

Welcome offer: Get up to $1,000 in value including up to 7,000 AIR MILES Bonus Miles and no annual fee in your first year.^†

Earn over 10x faster than other AIR MILES collectors: Get 3x the Miles for every $12 spent at participating AIR MILES Partners and 2x the Miles for every $12 spent at any eligible grocery store*.

2x the Miles for every $12 spent at any eligible wholesale clubs, membership-based retailers and alcohol retailers*

Plus, 1 Mile for every $12 that you spend with your credit card everywhere else*

Plus, you now have the flexibility to move your Miles between Cash and Dream with our new Transfer Miles feature, so if you want to turn your Cash Miles into a dream vacation, go for it!

Enjoy a 7¢/L discount on Shell V-Power^®± premium fuel and 2¢/L on all other Shell fuel every time you fuel up!

Plus, you now have the flexibility to move your Miles between Cash and Dream with our new Transfer Miles feature, so if you want to turn your Cash Miles into a dream vacation, go for it!

Complimentary membership in Mastercard Travel Pass provided by DragonPass.*

Use less Miles with our exclusive 25% discount on one worldwide AIR MILES flight redemption during the calendar year.*

BMO AIR MILES World Elite Travel and Medical Protection*

Enjoy a 7¢/L discount on Shell V-Power^®± premium fuel and 2¢/L on all other Shell fuel every time you fuel up!

Unlock Mastercard Travel Rewards cashback offers when you travel and shop outside of Canada 

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

*Terms and conditions apply