BMO world Elite mastercard

TD-Aeroplan-Visa-Infinite

An excellent card for an easy-to-use travel credit.

$

287

in free travel

Flytrippers valuation
of Welcome Bonus alone
($3,000 minimum spend)

via American Express secure application

Flytrippers                    Opinion

This is an excellent offer, especially for those who prefer more flexible and easy-to-use Points.

The BMO World Elite also offers 4 free airport lounge accesses, but there are fewer lounges choices than CIBC and Scotia cards because it’s the LoungeKey program rather than Prority Pass.

Not to be confused with BMO World Elite Air Miles card.

Our Flytrippers valuation of the Welcome Bonus is a net of $287, one of the best Aeroplan offers we’ve seen recently in Canada, but it can even go higher if you spend more. We both have this card because it also has very interesting Air Canada benefits, including priority boarding and an annual lounge pass.

Read our separate BMO World Elite Mastercard review and scroll down for our point-by-point analysis.

Our Flytrippers Highlights

(read our detailed analysis below)

  • ≈ $287 in free travel
  • Additional spend bonus offered as well
  • High potential value of Aeroplan Miles
  • Good category bonus on earn rate
  • Excellent insurance coverage
  • One annual AC Lounge pass

BMO Official Highlights

(read full details on the BMO website)

  • Earn up to 30,000 Aeroplan Miles1
  • First year no Annual Fee1 (for the primary cardholder)
  • Enjoy Air Canada® benefits while travelling3
  • Extensive suite of travel insurance
  • Offer ends March 2, 2020
  • Offer not available in Quebec
    (click here for Quebec offer)
  • Sponsored advertising

Rates & Fees

(read why you should skip this section)

  • Interest (Purchases): 20.99%
  • Interest (Cash Advances): 22.99%
  • Annual fee: $120 (first year free)
  • Authorized Users: $50
  • Certain conditions apply*

Our Detailed Analysis

Who This Card Is For

TBD

Welcome Bonus

Welcome Bonus of 35,000 BMO Rewards Points

 

Here’s the breakdown:

= $245 (fixed-value of 0.7¢/pt)
Points earned on the $3,000 minimum spend
= $42 (minimum amount)
Card fee
= $0 (1st year free promo)

Total of $287 in free travel
(fixed-value) 
+ all points earned with your regular purchases

How to Unlock the Welcome Bonus:

– There is a minimum spending of $3,000 in the first 3 months in order to unlock this Welcome Bonus.

Additional Spend Bonus

Usually, what we call Additional Spend Bonuses aren’t very lucrative, because of the opportunity cost of putting a lot of spend on one card. But this one is good, especially since the regular “basic” Welcome Bonus requires no minimum spend. TD calls this second part the “Welcome Earn Bonus”.

You can earn an additional spend bonus of up to 15,000 Aeroplan Miles (worth another ≈ $225) thanks to an increased earn rate in the first 3 months, but you have to spread it out evenly in each month to maximize it (it’s capped at 5,000 Miles per month).

You get an extra 5 Aeroplan Miles per dollar. So you will earn 6.5 Aeroplan Miles on grocery, gas, drugstore and aircanada.com purchases (bonus categories) and 6 Aeroplan Miles everywhere else (non-bonused categories). 

Let’s first look at a scenario where you would spend $1,500 in 3 months like you would for most cards, and entirely in the bonused categories (easy with our tips, it’s barely over $100 a week). You can also max it out with a combination of bonused and non-bonused spend. That would be $1,500 multiplied by 6.5 Miles, for a total of 9,750 Miles (5 Bonus Miles and 1.5 Miles regular earn rate).

Here’s the full breakdown of your free travel then:

≈ $225 (Welcome Bonus of 15,000 Aeroplan Miles worth ≈ 1.5¢ per Mile)
≈ $112 (Additional Spend Bonus of 7,500 Aeroplan Miles worth ≈ 1.5¢ per Mile)
≈ $34 (Regular earn rate of 2,250 Aeroplan Miles worth ≈ 1.5¢ per Mile)
(minus)
$0 (Annual Fee waived the first year)

=
≈ $371 in free travel

 

You could also unlock the full Additional Spend Bonus by spending $3,000 in the bonused categories in 3 months ($1,000 every month).

That would give you one of the most lucrative Welcome Bonuses possible:

≈ $225 (Welcome Bonus of 15,000 Aeroplan Miles worth ≈ 1.5¢ per Mile)
≈ $225 (Additional Spend Bonus of 15,000 Aeroplan Miles worth ≈ 1.5¢ per Mile)
≈ $68 (Regular earn rate of 4,500 Aeroplan Miles worth ≈ 1.5¢ per Mile)
(minus)
$0 (Annual Fee waived the first year)

=
≈ $518 in free travel

 
You can read our detailed analysis to see if this additional spend bonus makes sense for you.

Regular Earn Rate

After the $287 Welcome Bonus…

Here is the Points earn rate:
2 pts (1.4%) per $ everywhere 
or
3 pts (2.1%) per $ in travel, restaurants and entertainment

How To Use BMO Reward Points

BMO Rewards Points are Fixed-Value Points.

They can be applied to travel expenses as a credit via the BMO website, so they give you great flexibility but can not give you more for your money.

More details coming soon in the Travel Hacking section. 

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You will easily get nearly 25,000 Aeroplan Miles with the easy scenario and then you can easily get another 5,000 or 10,000 (and more) with your regular spending.

Aeroplan Miles are variable-value points, which means that how you use them will determine how much value you’ll get out of them. It is a complex program but you can find amazing redemptions if you understand how the program works. Keep in mind it will be entirely revamped in Q3 2020.

We estimate the 25,000 Miles to be worth $375. Like other variable-value points with award charts, you’ll get the best value out of Aeroplan Miles by using them when cash prices are expensive. You’ll also get the best value if you live in cities served by Star Alliance airlines other than Air Canada.

Here are just a few great uses of your Aeroplan Miles:

  • 25,000 Miles: roundtrip flight to anywhere in North America (≈ $100 taxes on United; ≈ $200 taxes and surcharges on Air Canada)
  • 25,000 Miles: roundtrip flight to the US for only $14 in taxes by departing from a US airport (on United)
  • 25,000 Miles: multi-destination flight in North America with 2 cities (≈ $100 taxes on United; ≈ $200 taxes and surcharges on Air Canada)
  • 15,000 Miles: roundtrip flights to short-haul destinations (≈ $200 taxes and surcharges; discounted short-haul pricing is only on Air Canada)
  • 30,000 Miles: one-way flight to anywhere in Europe (≈ $70 taxes on select Star Alliance carriers; ≈$130 taxes and surcharges on Air Canada)
  • 20,000 Miles: one-way flight to anywhere in Mexico or the Caribbean (≈ $100 taxes on select Star Alliance carriers; ≈ $100 on Air Canada)
  • 55,000 Miles: one-way business class flight to Europe (≈ $130 on Star Alliance carriers; ≈$200 taxes and surcharges on Air Canada)

You can read our detailed articles about the Best Aeroplan Miles Uses and How To Maximize The Value Of Aeroplan Miles.

Air Canada Benefits

You get Air Canada travel benefits only when you travel using an Aeroplan Flight Reward redeemed from your Aeroplan account and only when you travel on flights operated by Air Canada®, Air Canada Rouge® or under the Air Canada Express® banner.

The benefits are:

  • One annual One-Time Guest Access Benefit to an Air Canada Maple Leaf Lounge™
  • Priority check-in and priority boarding
  • One complimentary first checked bag
You can read our review of the TD Aeroplan Visa Infinite Air Canada benefits.

Insurance Coverage

This card has very good coverage, and to be insured for my Aeroplan flights I use this card to pay for taxes.

You get extensive travel insurance coverage:

  • 21-day medical travel insurance (65 years and under)
  • Flight delay insurance ($500, 6hr minimum)
  • Car rental insurance
  • Baggage & personal effects insurance
  • Trip cancellation insurance
  • Travel accident insurance
  • Hotel burglary insurance
  • Purchase protection and extended warranty (90 days)

You also get the standard retail protections: (not included)

  • Purchase Security (90 days)
  • Extended Warranty (up to 1 additional year)
You can read our detailed article about credit card insurance coverage.

Other Benefits

You get benefits exclusively for Visa Infinite cardholders:

  • Complimentary Visa Infinite Concierge
  • Visa Infinite Luxury Collection Hotels
  • Visa Infinite Food and Wine Experiences

Complete Card Benefits Table

See our Flytrippers comprehensive data table with 50+ lines of facts about the BMO World Elite Mastercard (and 20+ other Canadian cards).

Eligibility Requirements (CANNOT FIND)

Income requirement: $80,000 household annual income.

Restriction: if you have opened a BMO World Elite Mastercard in the last 6 months, you will not be eligible for this offer.

Get the BMO World Elite Mastercard and get BMO Reward Points

via TD secure application

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Our Top BMO World Elite Mastercard Content

All Related Content

Here are our other articles about the BMO World Elite Mastercard:

  • BMO World Elite Mastercard Review

 

Here are our other articles about the BMO World Elite Mastercard Program:

  • Ultimate Guide: Aeroplan Program
  • Best Aeroplan Miles Uses
  • How To Maximize The Value Of Aeroplan Miles
  • How To Earn Aeroplan Miles

Sponsored advertising. The Toronto-Dominion Bank (TD) is not responsible for the contents of this site including any editorials or reviews that may appear on this site. For complete and current information on any TD product, please click the Apply Now button.

The Aeroplan Program is a coalition loyalty marketing program owned and operated by Aeroplan Inc. Visit aeroplan.com for complete terms and conditions of the Aeroplan Program.
The Toronto-Dominion Bank and its affiliates are not responsible for the Aeroplan Program.

1 Must apply online by March 2, 2020. Welcome Bonus of 15,000 Aeroplan Miles will be awarded to the Aeroplan Member account associated with the TD® Aeroplan® Visa Infinite* Card Account (“Account”) only after the first Purchase is made on the Account. Rebate of the Annual Fee is for the first year for the Primary Cardholder only and will occur when you have applied for an Account by March 2, 2020. Annual Fee Rebate will be applied within 2 monthly statements from the date of Account opening. The Annual Fee for any Authorized User Cards added to the Account continues to apply. The Welcome Earn Bonus during the promotional period will be 5 additional Aeroplan Miles are earned for each $1.00 in Purchases of eligible gas, groceries, drugstore, and aircanada.com products and services (excluding Air Canada Vacations packages, car rentals, hotel bookings, and other third party partner products and services that can be purchased through aircanada.com) charged to your Account, and 5 additional Aeroplan Miles are earned for each $1.00 for all other Purchases charged to your Account. The Welcome Earn Bonus is in addition to the standard earn rate applicable to this Account. The Welcome Earn Bonus promotional period applies to new Accounts for the first 3 months. The Welcome Earn Bonus is subject to a maximum total collective earn of 5,000 Aeroplan Miles per month for all Purchases to the Account (“Welcome Earn Bonus Cap”). Once the Welcome Earn Bonus Cap is reached, any further Purchases made will earn Aeroplan Miles at the regular 1.5 Aeroplan Miles (Bonus Rate) that applies to each $1.00 in Purchases of eligible gas, groceries, drugstore, and aircanada.com products and services (excluding Air Canada Vacations packages, car rentals, hotel bookings, and other third party partner products and services that can be purchased through aircanada.com) and 1 Aeroplan Mile that applies to each $1.00 in all other eligible Purchases. Any returned items, refunds, rebates or other similar credits on any Purchases will reduce or cancel the Aeroplan Miles earned at the Welcome Earn Bonus and the standard or Bonus Rate on the original Purchase, as applicable. If you have opened an Account in the last 6 months, you will not be eligible for this offer. We reserve the right to limit the number of Accounts opened by and the number of miles awarded to any one person. Offers may be changed, withdrawn or extended at any time and cannot be combined with any other offer unless otherwise specified. Welcome Bonus and additional miles earned through Welcome Earn Bonus are not eligible for Aeroplan status. Your Account must be in good standing at the time the Welcome Bonus and the Welcome Earn Bonus Aeroplan Miles are awarded. Please allow 8 weeks after the conditions for each offer are fulfilled for the Welcome Bonus and the Welcome Earn Bonus Aeroplan Miles to be credited to your Aeroplan Member account.
The number of Aeroplan Miles required for the destination is accurate as of December 2, 2019 and is subject to change at any time by Aeroplan Inc. According to Aeroplan’s current reward chart, destinations reflect two short-haul Fixed Mileage Flight Reward® in Economy Class departing from within Canada or the continental US (plus applicable fees and taxes). Fixed Mileage Flight Reward availability is capacity controlled and is subject to availability at time of booking as well as seasonality of demand. Aeroplan Flight Rewards are subject to taxes, landing and departure fees, and other charges and surcharges may apply. Aeroplan Partners, rules and regulations are subject to change without notice. For full details on Aeroplan’s current reward chart, please visit aeroplan.com.

2 Primary Cardholder remains liable for all charges to the Account, including those made by an Authorized User.

3 All Air Canada benefits are fulfilled in whole or in part by Air Canada, or its designated affiliates or other third parties, and are subject to change at any time. The Toronto-Dominion Bank and its affiliates are not responsible for fulfilling these benefits. For more details about these benefits, please contact Air Canada directly. Air Canada Benefit Eligibility – Priority Travel Services: With the TD Aeroplan Visa Infinite Card, Air Canada benefits (the complimentary first checked bag, priority check-in and priority boarding) apply whenever the Primary Cardholder travels using an Aeroplan flight reward, only, on a flight operated by Air Canada, Air Canada Rouge or under the Air Canada Express banner. Flights operated by other airlines are not eligible. To access these benefits, the Primary Cardholder must redeem their Aeroplan flight reward (defined as Fixed Mileage Flight Rewards® or Market Fare Flight Rewards®) with miles from their Aeroplan account. To access these benefits, the Primary Cardholder must also ensure that the name on the Air Canada flight booking is identical to the name on the Aeroplan account profile of the traveler. Where zonal boarding is available, the priority boarding status will be recognized by a Zone 2 descriptor for the Primary Cardholder and companions travelling on the same reservation checking-in at the same time, which will be displayed on the Air Canada issued boarding pass. Priority check-in may also be extended to companions travelling on the same reservation checking-in at the same time as the Primary Cardholder. To access priority check-in and priority boarding, the Primary Cardholder may be required to show their TD Aeroplan Visa Infinite Card to the Air Canada agent. Please allow two weeks from receiving your Card for these Air Canada benefits to be activated. The complimentary first checked bag, up to 23kg (50 lb), applies whenever the Primary Cardholder travels using an Aeroplan flight reward, only, on a flight operated by Air Canada, Air Canada Rouge or under the Air Canada Express banner. Flights operated by other airlines are not eligible. To access this benefit, the Primary Cardholder must redeem their Aeroplan flight reward (defined as Fixed Mileage Flight Rewards or Market Fare Flight Rewards) with miles from their Aeroplan account. To access this benefit, the Primary Cardholder must also ensure that the name on the Air Canada flight booking is identical to the name on the Aeroplan account profile of the traveler. The complimentary first checked bag applies solely to the Primary Cardholder, and service charges for additional/oversized/overweight baggage may apply. Applicable on flights that do not already offer a complimentary first checked bag. To access this benefit, the Primary Cardholder may be required to show their TD Aeroplan Visa Infinite * Card to the Air Canada agent. Please allow two (2) weeks from receiving your Card for these Air Canada benefits to be activated.

Air Canada Benefit Eligibility – Air Canada Maple Leaf Lounge One-Time Guest Access Benefit: With the TD Aeroplan Visa Infinite * Card, the Primary Cardholder will receive one Air Canada Maple Leaf Lounge One-Time Guest Access Benefit once every calendar year (January 1- December 31). The Primary Cardholder may access an Air Canada Maple Leaf Lounge, where available, upon presentation of an active TD Aeroplan Visa Infinite Card with a valid, same-day boarding pass for travel using an Aeroplan flight reward, only, on a flight operated by Air Canada, Air Canada Rouge or under the Air Canada Express banner. To access this benefit, the Primary Cardholder must redeem their Aeroplan flight reward (defined as Fixed Mileage Flight Rewards® or Market Fare Flight Rewards®) with miles from their Aeroplan account. Each Air Canada Maple Leaf Lounge One-Time Guest Access Benefit applies for a single entry during the calendar year for which it was provided by the Primary Cardholder only and cannot be carried forward to the next calendar year or transferred to another person. Additional conditions may apply and are outlined on aircanada.com/tdbenefits . Air Canada Maple Leaf Lounge access is subject to availability and all other then-current terms and conditions located here that are subject to change at Air Canada’s sole discretion from time to time. Please allow two weeks from receiving your Card for these Air Canada benefits to be in effect.

The complimentary first checked bag, up to 23kg (50 lb), applies whenever the Primary Cardholder travels using an Aeroplan flight reward, only, on a flight operated by Air Canada, Air Canada Rouge or under the Air Canada Express banner. Flights operated by other airlines are not eligible. To access this benefit, the Primary Cardholder must redeem their Aeroplan flight reward (defined as Fixed Mileage Flight Rewards® or Market Fare Flight Rewards®) with miles from their Aeroplan account. To access this benefit, the Primary Cardholder must also ensure that the name on the Air Canada flight booking is identical to the name on the Aeroplan account profile of the traveler. The complimentary first checked bag applies solely to the Primary Cardholder, and service charges for additional/oversized/overweight baggage may apply. Applicable on flights that do not already offer a complimentary first checked bag. To access this benefit, the Primary Cardholder may be required to show their TD Aeroplan Visa Infinite Card to the Air Canada agent. Please allow two (2) weeks from receiving your Card for these Air Canada benefits to be activated.

4 1.5 Bonus Aeroplan Miles (“Bonus Rate”) are earned on each $1.00 in Purchases of eligible gas, groceries, drugstore, and aircanada.com products and services (excluding Air Canada Vacations packages, car rentals, hotel bookings, and other third party partner products and services that can be purchased through aircanada.com) charged to your TD Aeroplan Visa Infinite Card Account (“Account”). Any returned items, refunds, rebates or other similar credits will reduce or cancel the Aeroplan Miles earned on the original Purchase. To earn this Bonus Rate, Purchases of gas, groceries, drugstore and aircanada.com products and services must be made at merchants classified through the Visa network with a Merchant Category Code (“MCC”) that identifies them in the “gas”, “grocery” or “drugstore” category and on aircanada.com. Some merchants may sell gas, groceries or drugstore products/services, or have separate merchants located on their premises that also sell gas, groceries or drugstore products/services, but may not be classified with a gas, grocery or drugstore MCC and such Purchases will not earn this Bonus Rate. If you have questions about the MCC that applies to a Purchase, contact TD at 1-800-983-8472. Bonus Rate is only available on the first $80,000 in net annual Purchases of gas, groceries, drugstore products/services and on aircanada.com made from January 1 to December 31 each year on your Account. Once the maximum net annual amount has been reached, Purchases of gas, groceries or drugstore products/services on the Account will not earn the Bonus Rate but will only earn Aeroplan Miles at the standard rate that applies to all other Purchases on the Account. This Bonus Rate offer is in place of and not in addition to the standard rate earned on all other Purchases made on your Account. Offer may be changed, withdrawn or extended at any time and cannot be combined with any other offer

5 1 Aeroplan Mile is earned on each $1.00 in Purchases charged to your TD Aeroplan Credit Card Account (“Account”). Credit for returned items, refunds, rebates or other similar credits will reduce or cancel the Aeroplan Miles earned by the amount originally charged to your Account. Fees, Cash Advances (including Balance Transfers, Cash-Like Transactions and TD Visa* Cheques), interest charges, optional services, refunds, rebates or other similar credits do not earn Aeroplan Miles. Please see the Aeroplan Terms for Your TD Credit Card section of the Cardholder Agreement for complete details on Aeroplan Miles earned on Purchases (a copy of your Cardholder Agreement is available at http://www.tdcanadatrust.com/tdvisa/agreements).

6 This feature is available at over 150 Aeroplan Partner brands and 100 online retailers through Aeroplan’s eStore. The Toronto-Dominion Bank is not responsible for any Aeroplan Miles under this “earn miles twice” feature of the Aeroplan Program when the Aeroplan Membership Card is presented. See your Aeroplan Program for full details. Feature may be changed, withdrawn or extended at any time and cannot be combined with any other offer.

All trade-marks are the property of their respective owners.

* Trademark of Visa Int., used under license.

TM Air Canada Maple Leaf Lounge is a trademark of Air Canada, used under license.
® Air Canada, Air Canada Express, Air Canada Rouge and the Air Canada Maple Leaf logo are registered trademarks of Air Canada, used under license.
® Air Canada is a registered trademark of Air Canada, used under license.
® Fixed Mileage Flight Rewards and Market Fare Flight Rewards are registered trademarks of Aimia Canada Inc.
Aeroplan® and the Aeroplan logo are registered trademarks of Aeroplan Inc.
The TD logo and other trade-marks are the property of The Toronto-Dominion Bank.

Annual interest rates, fees and features are subject to change.

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