BMO AIR MILES®† World Elite®* Mastercard®*
Not yet rated
Travel
Card highlights
Welcome bonus
Ratehub’s review
Natasha Macmillan
If you regularly fill up your gas at Shell, this rewards credit card could be a good option for you. However, the points earnings from this card are low for a rewards card, and there are fewer Air Miles partners now after the program was restructured. Dream Miles are generally worth more towards travel purchases, so if you’re planning a trip, you could choose to collect more Dream Miles than Cash Miles.
Pros
- Earn bonus rewards at Air Miles partners: You can earn three times the points for spending at Air Miles partners, and quadruple your points on gas purchases at Shell if you also have a ShellGO+ membership.
- Customize your earnings: You can decide how much of your points will go to redemptions for cash at the checkout, or for Dream Miles towards travel purchases. You’ll need at least 95 Cash Miles for $10 off in purchases, so they are worth 10.5 cents—which is good value.
Cons
- Limited redemption options: Unless you are a frequent shopper at their partner stores or gas stations, it might be hard for you to get the most value
- Lower base earn rate: The base earn rate of one Mile for every $12 spent is very low relative to other rewards cards
- Higher annual fee: After the first year, you’ll be charged a $120 annual fee, which is relatively high for the lower points earnings rate you get with this card
Rewards & bonuses
See what you could earn based on how you spend.
Welcome bonus
Earn up to $731.
Get up to $1,000 in value including up to 7,000 AIR MILES Bonus Miles and no annual fee in your first year.* Plus, get 0% introductory interest rate on Balance transfers for 12 months with a 2% transfer fee.*
Earn rates
0.3 points/$1
On participating AIR MILES Reward partners*
0.2 points/$1
On any eligible grocery store*
0.2 points/$1
On any eligible wholesale clubs, membership-based retailers and alcohol retailers.**
0.1 points/$1
On everywhere else*
Caps apply where shown. Rewards are earned on eligible purchases only, see the card’s terms for full details. 6 points = $1.
Your earning potential
First year reward
Based on spending $2,200/mo after $120 annual fee
Second year reward
Based on spending $2,200/mo after $120 annual fee
These numbers are based on estimations and the calculation breakdown below.
Adjust your spending
First year reward†
- If you spend $2,200/month, you’ll earn
- Welcome bonus
- Annual feefirst year waived
- First year reward
Second year reward†
- If you spend $2,200/month, you’ll earn
- Annual fee
- Second year reward
† Estimate calculated by Ratehub.ca and is based on current offers and a monthly spend of $2,200. It is for illustrative purposes only.
Perks & insurance
Perks and insurance coverage included with the card.
| Perks | Details | |
|---|---|---|
| Lounge access | Complimentary membership in Mastercard Travel Pass provided by DragonPass. | You’ll gain complimentary passes to airport lounges. The number of passes and lounges you have access to will vary. |
| No foreign exchange fees | Not included | A surcharge that credit card holders pay for purchases made in a foreign currency (typically 2.5%). |
| Extended warranty | Extends the original manufacturer’s warranty up to 1 year | Either doubles the length of the item’s manufacturer’s warranty coverage or extends it by 1 year, whichever is less. |
| Price protection | Not included | If, within a certain amount of time of purchasing an item, its price drops or you find an identical item offered for a lower retail price than what you paid, you will be reimbursed for the difference. |
| Insurance | Details | |
|---|---|---|
| Travel accident insurance | Not included | If you suffer a loss as a result of an accidental bodily injury sustained while occupying a common carrier, you are eligible for this coverage. |
| Travel emergency medical | Up to $5,000,000 per covered person per trip. Coverage for up to 15 consecutive days per trip for covered persons age 64 or younger. | If you require urgent medical care while on a trip outside of your home province, you will be covered for any eligible medical expenses incurred. |
| Car rental insurance | Maximum Rental Period: 48 consecutive days. Manufacturer’s Suggested Retail Price of a rental car: up to $65,000 | Credit card rental car insurance usually covers theft, loss and damage to your rental car in the case of an accidental collision. |
| Trip cancellation | Up to $1,500 per covered person (maximum $5,000 per account per trip) | If you have to cancel your trip before it’s even started, your prepaid travel costs will be covered up to a maximum amount if the cause of cancellation is eligible for the insurance. |
| Trip interruption | Up to $2,000 per covered person (maximum $10,000 per account per trip) | If your trip has to be cut short or is delayed after the scheduled departure date, you will be covered up to a maximum amount for an eligible cause of interruption or delay. |
| Flight delay insurance | Up to $500 per account per trip when your scheduled flight is delayed by more than 4 hours | If your flight departure is delayed by a certain number of hours, you’ll be reimbursed a certain amount for necessary and reasonable expenses. |
| Baggage loss insurance | Up to $500 per covered person (maximum $1,000 per account per trip) | If your checked bag cannot be located by a common carrier, you’ll be reimbursed for a portion of the replacement cost of lost personal property. |
| Baggage delay insurance | Up to $500 per covered person (maximum $1,000 per account per trip) when your baggage is delayed by the common carrier for more than 6 hours | If your checked bag is not delivered within a specified time upon your arrival, you’ll be reimbursed for the cost to replace essential items. |
| Hotel/motel burglary | Up to $1,000 per occurrence for all covered persons combined | Provides protection, while you’re checked in, for your personal belongings when left unattended in your room up to a certain dollar amount. |
| Mobile insurance | Not included | Reimburses a portion of your cell phone in the event it’s damaged or lost. Device coverage is limited to a certain period of time after purchasing with your credit card. |
| Purchase assurance | 90 days from date of purchase | Automatically protects new purchases by insuring them for 90 days from the date of purchase in the event of loss, theft or damage. |
Details & eligibility
Fees
- Annual fee
- $0 for the first year, then $120 per year after
Rates
- Purchase interest
- 21.99%
- Balance transfer rate
- 23.99%
- Cash advance rate
- 23.99%
Type
- Provider
- Bank of Montreal
- Card type
- Travel
- Payment network
- Mastercard
Eligibility
- Minimum personal income
- $80,000
- Minimum household income
- $150,000
- Minimum credit score
- 725+