For inquires related to your BMO Rewards Business MasterCard Customer account: 1 … The 3 BMO Rewards points includes the base earn rate of 2 BMO Rewards points for every $1 in card purchases (“Base Rewards”) and the bonus of 1 BMO Rewards point for every $1 in eligible travel, dining and entertainment purchases (“Bonus Rewards”). The BMO World Elite Mastercard is one of a few premium credit cards available on the list of BMO credit cards. Save up to 60% on your next hotel booking with Priceline on BMO Rewards. If you collect Air Miles, you know the little guys are worth so much since they’re so hard to earn. The BMO World Elite Mastercard requires a minimum individual income of $80,000 or household income of $150,000. Your email address will not be published. Get up to $540 in value in your first year! That’s $200 right there. Some merchants may sell the same or similar products/services as the Applicable Merchants or are separate merchants who are located on the premises of the Applicable Merchants, but are classified by Mastercard in another manner (“Other Merchants”). Purchases exceeding $50,000 earn a base reward at 1 point per $1 spent, for a 0.71% return. You receive an additional 10,000 points on your first anniversary, for a total of 40,000 bonus points. The BMO AIR MILES World Elite Mastercard is a solid choice for those looking to earn AIR MILES Reward Miles at a steady rate and pick up some additional travel benefits such as lounge access, entertainment discounts, and travel insurance/protections. You and your family are well covered should an emergency or unexpected event disrupt your trip, for car rental collision damage and out-of-country medical expenses up to $2 million. The BMO World Elite Mastercard was easily one of the best BMO credit cards. The BMO Rewards System The BMO World Elite Mastercard lets you collect a mountain of travel rewards points quickly. On the up side, it has an excellent rewards earn rate, a nice welcome bonus, loads of travel perks, and a generous insurance package.. On the down side, this card has a high annual fee, extremely high income requirements, and a 2.5% foreign exchange fee.. The BMO Rewards Mastercard is a simple, low cost points credit card, while the BMO World Elite Mastercard will take your point earning power to the next level. Subject to terms and conditions , including limitations, exclusions and other important information contained in the BMO World Elite Total Travel and Medical Protection Certificate of Insurance, which is sent to new cardholders.Out-of-Province/Out-of-Country Emergency Medical benefits are to cardholders under the age of 65. Read our detailed review about the BMO Rewards program. Calculation includes 30,000 welcome points when you spend $3,000 in first 3 months and 10,000 points anniversary bonus1. a) BMO World Elite Mastercard applications must be received between July 10, 2020 and October 31, 2021 (the “Offer Period”) to be eligible for this offer. When you get the BMO World Elite Mastercard you’ll obtain 35,000 BMO Rewards points (equivalent to $250) after spending $3,000 with the card during the first three months. Ritual Rewards points will not be issued to users who do not use a consumer World or World Elite Mastercard credit card issued in Canada as the form of payment (“Eligible Mastercard”). BMO Air Miles World Elite Mastercard rewards. Explore Travel open in new tab. Check out all the offers by visiting mastercard.ca/world, Shop, dine and relax with our partners to unlock Mastercard Travel Rewards cashback offers when you travel and shop with your BMO World Elite Mastercard outside of Canada. It is often considered to be one of the best travel credit cards in Canada. Their reward points add up very quickly, the priority pass is always a bonus, but most importantly, their customer service is always amazing. Based on our rating results, the BMO Air Miles World Elite Mastercard gets 3.5 stars. Rating methodology Get valuable benefits and offers for digital everyday services from a variety of on-demand apps and subscription services. Boingo services provided by Boingo Wireless, Inc. See. The BMO World Elite™* MasterCard®* accrues up to 3 points per $1 spent on eligible purchases and grants cardholders a welcome bonus of 40,000 points, far higher than the welcome bonuses offered by competing travel rewards cards like the American Express Gold Rewards or … This BMO World Elite Mastercard review covers its benefits, downsides, what your points are worth, and everything else you need to know. BMO offers three different World Elite Mastercard credit cards that might work well for you, depending on what you are looking for in a rewards program. Get added protection – items bought with your card are automatically insured against theft or damage for 90 days from date of purchase. This post may contain affiliate links. Access VIP lounges and get free travel coverage. The BMO Air Miles World Elite Mastercard is a best-in-class credit card for earning Air Miles rewards in Canada. More Travel. He has a master's degree in Finance and Investment Management from the University of Aberdeen Business School and has a passion for helping others win with their finances. The BMO World Elite MasterCard is one of the top travel rewards cards in Canada and is definitely worth considering if you’re looking to maximize the value of your BMO Rewards points. The BMO CashBack World Elite Mastercard offers some of the best cash back rewards available in BMO’s line of credit cards. a) You will earn 3 BMO Rewards points for every $1 in eligible travel, dining and entertainment purchases, up to $50,000 annually (January to December statement cycle period). Eligible cardholders are required to comply with the Conditions of Use available online at. Next, we have the best part about this card – the insurance. You also earn 2 points per $1 spent on everything else… for a 1.43% earn rate. You can earn BMO Rewards points with either one of two personal BMO credit cards: the premium BMO World Elite Mastercard or the no-fee, entry-level BMO Rewards Mastercard. BMO Rewards World Elite Mastercard - minimuim $80,000 income; BMO eclipse Visa Infinite Privilege Card - minimum $150,000 income; They now have four levels of cards and as you can see all four cards kind of fit their own bill with the only real overlap being the Visa Infinite and World Elite Mastercards. Use of the Rewards calculator is for illustrative purposes only. Sunshine Escapes. Designed by Elegant Themes | Powered by WordPress. Cash advances include Balance Transfers, cash-like transactions and Mastercard cheques. The card offers a good combination of rewards points and travel insurance and is worth looking at. And, you don’t have to pay the annual fee ($150) for the first year. Get 3 BMO Rewards points for every $1 spent on eligible travel, dining and entertainment purchases.2a,2b, Get 2 points for every $1 spent everywhere else.2b, Access over 1 million Wi-Fi hotspots around the world – all at no added cost, and no added fees or roaming charges.7. Welcome offer: Get 35,000 points and the $150 annual fee waived in the first year 1a,1b ($250 travel value 1b booked on bmorewards.com + $150 Value 1a). 14 different types of travel and purchase insurance which includes rare coverage for: Considering that 1 BMO Rewards point is worth 0.71 cents, the reward rate on these three categories of spending is roughly 2.14% when redeemed for travel. Enoch Omololu is a personal finance expert and a veterinarian. The four annual passes alone are worth $140 and do not include the membership that is also provided free of charge. Although this card waives the annual fee in the first year, you will need to shell out $150 per year in subsequent years. and Card Value Calculator You can use this rewards calculator to calculate how many points, miles, or cash back you can earn based on your spend per category. It comes with a $250 value sign-up bonus and has a $120 annual fee. You can redeem your BMO Rewards Points towards investments with BMO. For inquires related to your BMO World Elite MasterCard account: 1-866-991-4769 1-866-991-4769. I recently redeemed my reward points for the first time to book a flight using the BMO Rewards online site. Canada’s Best Low Interest Credit Cards in 2020, The Best Business Credit Cards in Canada for 2020, Retirement Planning in Canada: A Complete Guide, A Wealthsimple TFSA Case Study: How To Invest For Retirement Using a Robo-Advisor, $150 annual fee is waived in the first year, Earn 3 points per $1 spent on travel, dining, and entertainment, Complimentary membership in Mastercard Airport Experiences provided by LoungeKey plus four annual complimentary passes, Purchase protection and extended warranty, Travel: including flights, hotels, car rentals and vacation packages (up to 2.14% return), Investments: invest $100 in your BMO investment account in exchange for 15,000 points (0.67% return), Merchandise: purchase gift cards and merchandise on bmo.rewardsonline.ca (point value varies), Cash credit: get $50 for every 15,000 points (0.33% return), Emergency medical protection up to $2 million for up to 21 days if you are under 65 years, Trip cancellation up to $2,500 per insured person and a maximum of $5,000, Trip interruption/trip delay insurance coverage up to a maximum of $2,000, Flight delay coverage with reimbursement up to a maximum of $500 in the event you are delayed for more than six hours, Lost or stolen baggage up to $750 per person and a maximum of $2,000 per trip, Car rental insurance for up to 48 consecutive days and an MSRP of $65,000, Car rental accidental death or dismemberment benefit up to $200,000, Car rental personal effects coverage up to $1,000, Purchase protection coverage against theft or damage for 90 days following the date of purchase, Extended warranty for up to one extra year, Complimentary Priority Pass membership plus 6 free passes to VIP airport lounges ($379 value per year), Comprehensive travel insurance benefits including travel emergency medical for up to 25 days, Minimum personal income of $60,000 to apply. If you are an Air Miles collector and/or a frequent flyer, you will love the fact this card offers a 2,000 Air Miles welcome bonus and waives the $120 annual fee in the first year. BMO Rewards Mastercard If you want to earn points, but you’re not interested in paying an annual fee to do so, the BMO Rewards Mastercard may be right for you. Explore Packages and Cruises open in new tab. When you redeem points for a flight you are receiving a 2.1% return, which is incredible value for a rewards card. Discover a world of Mastercard Travel Rewards cash rebate offers at traveloffers.mastercard.com. Welcome offer: Get up to 40,000 points and the $150 annual fee waived in the first year 1a,1b ($285 travel value1b booked on bmorewards.com + $150 Value1a). Posted by Enoch Omololu | Updated Oct 15, 2020. This site uses Akismet to reduce spam. Purchase Protection and Extended Warranty Insurance benefits provided by Allianz Global Risks US Insurance Company (Canadian Branch). 30,000 BMO Rewards welcome bonus points will be credited to your Collector Account within three (3) business days following the qualifying $3,000 spend. It is often considered to be one of the best travel credit cards in Canada. WARNING ABOUT BMO WORLD ELITE MASTERCARD: I am making this post to share my VERY negative experience using my BMO World Elite Mastercard reward points and to warn those of you who are considering this credit card. Save the cost of buying optional extended warranty insurance on your next purchase by paying with your BMO credit card. The new BMO CashBack® World Elite®* MasterCard®* ushers in a new era of simplicity, transparency and value in Canadian credit cards. This offer may be withdrawn or changed without notice. Ongoing interest rates, interest-free grace period, annual fees and all other applicable fees are subject to change. Complimentary membership in Mastercard Airport Experiences provided by LoungeKey, with exclusive VIP access,3 plus four annual complimentary passes ($140 value/year3). Your email address will not be published. His writing has been featured or quoted in The Globe and Mail, Toronto Star, MSN Money, Financial Post, Winnipeg Free Press, Wealthsimple and many other personal finance publications. Receive an additional 10,000 BMO Rewards points anniversary bonus twelve (12) months after the Credit Card account open date if your account remains in good standing. When it comes to earning rewards, BMO has kept it simple and straightforward. Required fields are marked *. These redemptions will typically give you less than 0.71 cents in value with a few exceptions. You can easily redeem BMO Rewards points for: The BMO World Elite Mastercard offers one of the most comprehensive travel insurance packages in Canada. For inquires related to your BMO Rewards MasterCard Customer account: 1-800-263-2263 1-800-263-2263. Then get … BMO Travel Insurance. and Card Value Calculator You can use this rewards calculator to calculate how many points, miles, or cash back you can earn based on your spend per category. Rewards summary First Year Welcome Bonus points The card comes with a welcome bonus of 30,000 points, waives the $150 annual fee in the first year, and has a remarkable travel insurance package. The BMO World Elite – which made our list of the best travel credit cards in Canada for 2020 – will earn you BMO Rewards points the fastest. There is a combined annual limit of $50,000 for the reward earning rates stated above. The BMO World Elite Mastercard has one of the best insurance packages out there. Is The BMO World Elite Mastercard For You? You earn a 2% return on grocery, dining, entertainment, and daily transportation spending and 1% on everything else. This card is one of a few credit cards in Canada to waive the FX fee when you make purchases in a foreign currency. This coverage doubles the original manufacturer's warranty period up to a maximum of one additional year. If you are hunting for a travel card that surpasses the BMO World Elite Mastercard in overall benefits, here are two premium card options to consider: The Scotiabank Passport Visa Infinite offers a $250 value sign-up bonus when you spend $1,000 in your first three months. BMO CashBack World Elite Mastercard earn rates. To start off, you’ll get an earn rate of 10% on the first $2,000 spent in the first 3 months after signing up.