BMO Blue Rewards®* World Elite®* Business Mastercard®*

Pros & Cons

Pros

+First Year Annual Fee Rebate ($175 annual fee rebated)

Cons

–Foreign Transaction Fee (2.5%)
–No airport lounge access despite fee
–No purchase protection

Our Review

The BMO Blue Rewards World Elite Business Mastercard (formerly AIR MILES) earns a base rate of 1.25 Blue points per dollar on all purchases.

It offers 2.5 points per dollar (2x) on gas and electric vehicle charging, and 10 times the points (12.5 pts/$) through the Blue Rewards Travel platform powered by Expedia and at Blue Rewards partners (Pharmasave, Global Pet Foods, etc.).

Benefits: Mastercard Travel Pass (DragonPass) membership with 4 lounge passes per year, 5 Maple consultations, travel insurance (medical, rental car collision, cancellation/interruption), purchase protection, and extended warranty. $175 annual fee (waived in the first year).

⚠️ Data to be confirmed on the BMO website.

Fees and interest rates

Annual Fee
First Year Annual Fee Rebate
$175
Foreign currency conversion fee
2.5%
Purchase Rate
20.99%
Cash advance rate
23.99%

Eligibility

Personal Income

$80,000

Household Income

$150,000

Terms & Conditions

Card Features

⚠️ Offer to be confirmed on the BMO website (most recent data available). Get over $1,750 in value in the first year:

up to 120,000 Blue points in bonus (value up to $800) during the first year;
annual fee waiver of $175 for the primary cardholder in the first year;
up to $520 in value with Maple (5 virtual consultations) and up to $268 with DragonPass.

Minimum annual income of $80,000 (individual), $150,000 (household), $250,000 (business income), or $400,000 (assets under management). Bonus spending requirements are to be confirmed in the BMO terms and conditions.

BMO Blue Rewards^®* World Elite^®* Business Mastercard^®*