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

*Beta version of card page. Sign up to get updated guide soon.*

An excellent card for those who know how to maximize the AIR MILES program (i.e. by using it for travel)

≈ $276

in free travel after $3,000 in 3 months

The BMO AIR MILES World Elite is a great card to earn AIR MILES.

AIR MILES is a pretty well-known, but quite misused. Like ALL rewards programs, avoid any use other than for travel to maximize their value, this is the most basic rule. But even when used as simple Cash Rewards (fixed-value points), AIR MILES can still be worthwhile.

The Welcome Bonus is very interesting and you get a 15% discount on AIR MILES flight rewards in North America (which are often the best sweet spot of the AIR MILES award chart).

The card also offers free VIP access with 2 airport lounge passes, thanks to the complimentary membership in Mastercard Airport Experiences (also known as LoungeKey). This benefit will disappear in 2022.

The BMO AIR MILES World Elite is accepted at Costco, and has great insurance coverage (including for flights booked with points from other programs).

The earn rate is a flat 1 reward mile for every $10 in purchases, with no category bonuses or multipliers (this will change in May 2021).

Until May 31, 2021: you will get topped-up to 5x the AIR MILES Reward Miles on groceries by using your BMO AIR MILES World Elite MasterCard with your AIR MILES Card (at Sobeys, Safeway, Foodland & Participating Co-op’s, Urban Fresh, Thrifty Foods, IGA, Les Marchés Traditions and Rachelle Béry.*

Finally, you get free access to over 1 million Wi-Fi hotspots around the world.

Card offer ends October 31st, 2021.

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

Welcome Bonus of 2,000 AIR MILES
≈ $240 (estimated value of 12 ¢/pt)

Earning of 300 points on the $3,000 minimum spend
≈ $36 (at base earn rate)

Card Fee
= $0 (1st year free promo)

Flytrippers Valuation of Welcome Bonus
$276 in free travel
(or $242 minimum as fixed-value Cash Rewards)

+ all points earned with your regular purchases

After the ≈$276 Welcome Bonus…

Earn rate at Flytrippers valuation (≈ 12¢ per AIR MILES mile):

  • 0.1 pts (≈ 1.2%) per $ everywhere

or

Earn rate at fixed value (= 10.5¢ per AIR MILES mile):

  • 0.1 pts (1.05%) per $ everywhere

New earn rate structure starting in May 2021.

Earn rate at Flytrippers valuation (≈ 12¢ per AIR MILES mile):

  • 0.25 pts (≈ 3%) per $ at AIR MILES Partners
  • 0.08 pts (≈ 1%) per $ everywhere

or

Earn rate at fixed value (= 10.5¢ per AIR MILES mile):

  • 0.25 pts (2.63%) per $ at AIR MILES Partners
  • 0.08 pts (0.87%) per $ everywhere

AIR MILES are hybrid points: they can be used as variable-value points or as fixed-value points.

Variable-value uses offer more potential value, while fixed-value uses are a lot simpler.

As fixed-value Cash Rewards, your 2,300 AIR MILES are worth $242.

As variable-value Dream Rewards, your 2,300 AIR MILES is the equivalent of 1 and a half short-haul roundtrips, which often represents value of a lot more than $242 (especially with the 15% discount). Alternatively, the 2,300 AIR MILES can be worth more than $242 on certain car rentals.

In short, the best sweet spot of the AIR MILES Award Chart is often for short-haul off-peak flights, but car rentals can also offer 12¢-15¢ in value per point.

That can be over 40% more value than the fixed-value redemptions that give you a guaranteed return of just 10.5¢ per point as AIR MILES Cash Rewards.

More details about AIR MILES coming soon.

Medical travel insurance (15 days; under age 65)
Trip cancelation insurance
Trip interruption/delay insurance
Car rental insurance
Flight delay insurance ($500; 6hr minimum)
Baggage loss/delay insurance
Hotel burglary insurance
Purchase protection (90 days)
Extended warranty (1 year)

The card is one of the rare ones to cover flights booked with any rewards program (Aeroplan, Avios, etc.) as long as you charge the taxes to the card.

Detailed article on the credit card coming soon

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

Offer Summary
  • ≈ $276 in free travel
  • 2 free airport lounge passes (in 2021)
  • Hybrid points (variable or fixed value)
  • 15% discount on some AIR MILES flight rewards
  • Excellent insurance coverage
  • 24/7 travel concierge + Boingo Wi-Fi
  • Minimum income of $80,000 required
  • Minimum spend of $3,000 to reach
  • Terms and conditions apply*

Detailed article on the credit card coming soon

Start getting travel rewards with the BMO AIR MILES WE Card now

via BMO secure application

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