The BMO AIR MILES World Elite Mastercard is a high-tier travel credit card designed for frequent flyers and shoppers who want to make the most of their everyday spending. Issued by the Bank of Montreal and supported by Mastercard, it offers access to the AIR MILES reward program, which lets you collect points on daily purchases.
This content aims to provide a complete overview of the card, including its standout features, eligibility criteria, pros and cons, and how you can apply. Whether you’re eyeing a new credit option for travel or just want better value from your purchases, this review will help you decide if it’s the right fit.
Main features of the BMO AIR MILES World Elite Mastercard
This is a premium Mastercard credit card, offering perks beyond basic options. With an annual fee of $120, it delivers high-value returns in the form of AIR MILES reward points and exclusive travel advantages. The fee is waived for the first year and can also be rebated annually if you hold a BMO Premium Chequing Account. The card runs on the Mastercard network, which means wide acceptance both in Canada and internationally.
Approval requirements
To qualify, you’ll need a minimum personal income of $80,000 or a household income of at least $150,000. A credit check is mandatory, so a strong credit score improves your chances of approval. This card suits financially stable individuals who travel often or spend significantly on groceries and lifestyle purchases.
Benefits of the BMO AIR MILES World Elite Mastercard
- Earn 3x the AIR MILES for every $12 spent at participating AIR MILES Partners
- Earn 2x the AIR MILES at grocery stores, wholesale clubs, and alcohol retailers
- Earn 5x the AIR MILES on flights, hotels, and car rentals
- Get a 25% discount on one worldwide AIR MILES flight redemption annually
- Access card-linked offers and exclusive discounts from popular brands
- Save up to 7 cents per litre on Shell fuel
Exclusive highlight
What truly sets this card apart is its flexibility in redeeming points. You can use your AIR MILES for travel, merchandise, entertainment, or even convert Cash Miles into Dream Miles. This transfer feature makes it easier to customize how you enjoy your rewards—whether it’s a vacation or a shopping spree.
Drawbacks and things to consider about the BMO AIR MILES World Elite Mastercard
Despite its generous rewards, this card isn’t ideal for everyone. The annual fee of $120—though sometimes rebated—can be steep for users who won’t maximize the travel perks or partner deals. If you’re not spending at AIR MILES partners frequently, you might not collect rewards fast enough to justify the cost. Additionally, some users have reported that AIR MILES redemptions can be limited by availability or blackout dates, which might make it harder to plan spontaneous trips.
How to apply for the card
Getting started is straightforward. Head to the BMO website and fill out the online application form. You’ll need to provide your personal and financial information, including proof of income. After submission, you’ll receive a decision in under a minute in most cases. If approved, your card will be mailed to you, and you can register for online banking and manage everything digitally.
Who is the BMO AIR MILES World Elite Mastercard best suited for?
This card is a top-tier match for individuals who travel frequently, make substantial grocery or retail purchases, and want flexibility in how they redeem points. High-income earners looking for a mix of luxury perks and everyday value will likely enjoy the full range of benefits this option offers.
If you prefer no-fee cards or don’t spend enough to accumulate meaningful AIR MILES, consider alternatives like the BMO AIR MILES Mastercard with no annual fee or other cashback-focused options. But for those who can fully leverage the features, this card delivers strong value.
