Review: BMO World Elite MasterCard

Charlotte Sinclair
by Charlotte Sinclair August 28, 2016 / No Comments

If you’re looking for a great travel rewards credit card, you should consider the BMO World Elite MasterCard.

When you sign up for this card, you’ll receive a welcome bonus of 30,000 points, which can be used as a $300 travel credit. And you’ll earn two points for every $1 you spend.

The BMO Rewards program is very flexible. Your points have a consistent value and they can be redeemed for travel as well as gift cards and merchandise. You can also use your rewards to cover taxes and fees on flights whenever, wherever, and on any airline you choose. If you don’t have enough points to cover the full cost, you also have the flexibility to pay the remaining amount in cash. The best way to maximize the value of BMO Rewards points is to shop around and find the lowest prices.

Like most rewards cards, the interest rate is high. In this case, it’s 19.99%. For this reason, you should make sure you use your credit card responsibly. That doesn’t mean you should avoid spending any money. In fact, you should put as many purchases on your card as possible. Just make sure you pay the balance off in full every month.

The BMO World Elite MasterCard does come with an annual fee of $150. This is worth it if you’re an avid traveler. The sign-up bonus alone more than covers the cost of the annual fee. With this World Elite MasterCard, you’ll also get a number of perks including top-of-the-line credit card travel insurance, VIP lounge access, and concierge services.

BMO World Elite MasterCard


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  • $150 annual fee; additional cards: $50/year
  • Earn two BMO Rewards points for every $1 in credit card purchases—that’s 2% back in travel rewards
  • Receive a sign-up bonus of 30,000 welcome points, equal to $300 in travel rewards
  • Best-in-class travel insurance

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