The BMO AIR MILES®† World Elite®* Mastercard®* is a premium credit card tailored for frequent travelers and shoppers who want to maximize their spending rewards. With the opportunity to earn AIR MILES Reward Miles on everyday purchases, this card makes it easy to turn daily expenses into valuable travel rewards, merchandise, and more.
Whether you’re planning a dream vacation, managing grocery bills, or filling up your gas tank, the BMO AIR MILES®† World Elite®* Mastercard®* offers numerous perks, including travel discounts, partner benefits, and robust insurance coverage. If you’re looking for a card that combines convenience, flexibility, and rewards, this one may be a perfect fit.
Key information about the credit card
How does the annual fee work?
The BMO AIR MILES®† World Elite®* Mastercard®* charges an annual fee of $120, reflecting its position as a premium credit card packed with exclusive benefits. For new cardholders, this fee is waived during the first year as part of a generous welcome offer. This means you can explore the card’s rewards and advantages without any upfront cost.
How is the credit limit determined?
The credit limit for the BMO AIR MILES®† World Elite®* Mastercard®* depends on the financial profile of the applicant. The bank evaluates several factors, including your credit score, income, and existing financial obligations, to determine a suitable credit limit. This approach ensures that the assigned limit aligns with your financial capacity and responsible spending habits.
Applicants must meet a minimum annual income requirement of $80,000 (individual) or $150,000 (household) to qualify. This eligibility criterion ensures the card is geared toward individuals with established credit and stable financial standing. While the limit varies per user, the income threshold generally results in higher credit limits compared to standard cards, giving cardholders the flexibility to manage larger purchases and transactions.
Advantages of the credit card
- Generous welcome bonus: New users receive 2,000 AIR MILES Reward Miles upon approval and activation. This bonus alone is a significant head start, offering rewards equivalent to flights, merchandise, or cash savings.
- Accelerated earning rates: Earn 3 Miles for every $12 spent at participating AIR MILES Partners and 2 Miles for every $12 spent at eligible grocery stores. This allows cardholders to rack up rewards quickly on common purchases.
- Travel rewards and discounts: Get 5x the AIR MILES Reward Miles on flights, hotels, and car rentals booked through the AIR MILES portal. Plus, enjoy a 25% discount on one worldwide flight redemption annually.
- Fuel savings: Save up to 7 cents per liter on Shell®± fuel, making it easier to cut costs at the pump.
- Robust insurance coverage: Benefit from travel and medical insurance, purchase protection, extended warranties, and collision damage waiver for rental cars.
- Digital control: Manage your card effortlessly with online banking tools, mobile app features, and real-time transaction tracking.
Standout advantage
The most remarkable feature of the BMO AIR MILES®† World Elite®* Mastercard®* is its comprehensive travel rewards program. Cardholders earn 5x the AIR MILES on travel-related bookings, providing immense value for frequent travelers. The 25% discount on one flight redemption per year enhances this benefit, making it easier to reach your travel goals while saving money. These exclusive advantages make this card particularly attractive for those who prioritize travel in their spending habits.
Disadvantages
- High annual fee without rebate: For those who don’t qualify for the fee waiver, the $120 fee may feel steep compared to other credit cards.
- Strict income requirements: With a minimum annual income of $80,000 (individual) or $150,000 (household), the card isn’t accessible to everyone.
- Limited earning rates for non-partner purchases: Purchases outside of AIR MILES Partners or eligible grocery stores only earn 1 Mile for every $12 spent.
A standout disadvantage
The most significant limitation of the BMO AIR MILES®† World Elite®* Mastercard®* is its high-income eligibility requirement. This makes the card inaccessible to many potential applicants, including those who are just starting their careers or have lower household incomes. While the benefits are excellent, the stringent criteria may exclude individuals who could still responsibly manage the card and take advantage of its rewards.
Who can apply for this card?
To apply for the BMO AIR MILES®† World Elite®* Mastercard®*, you must meet several eligibility requirements. Applicants must be at least 18 years old and have a minimum annual income of $80,000 for individuals or $150,000 for households. Additionally, having a good credit score is essential, as the bank assesses your financial history to determine eligibility.
Proof of income, a government-issued ID, and other documentation may be required to complete the application. This card is not available to those with poor credit or significant financial issues. Approval is more likely for applicants who demonstrate financial stability, making it ideal for established credit users seeking premium features.
How to apply for the BMO AIR MILES®† World Elite® Mastercard®*
For the website
To apply online, visit the official BMO website and navigate to the credit card section. Select the BMO AIR MILES®† World Elite®* Mastercard®* and click “Apply Now.” You’ll be directed to a secure form where you’ll provide personal details, including your name, address, income, and employment information.
Ensure that your information is accurate, as it will be verified during the application process. The online system is designed to provide a decision in under 60 seconds, making it one of the fastest ways to apply. If approved, your card will be mailed to you, and you can start earning rewards immediately after activation.
Through the app
For a more mobile-friendly experience, you can apply via the BMO Mobile Banking app. Download the app from your device’s app store, then sign in or create an account. Navigate to the credit card section, select the BMO AIR MILES®† World Elite®* Mastercard®*, and follow the prompts to complete your application.
The app also allows you to upload documents and track your application status in real time. Once approved, you can manage your card directly from the app, including viewing transactions, paying your bill, and monitoring your AIR MILES balance.
At the branch
If you prefer in-person assistance, visit your nearest BMO branch. A representative will guide you through the application process, answer any questions, and help ensure your application is complete. Bring necessary documents, such as proof of income, a valid ID, and any additional paperwork requested.
Applying in person is an excellent option for those who want personalized support or need clarification on the card’s features and requirements. Once approved, you’ll receive your card in the mail and can activate it to begin enjoying its benefits.
