BMO Blue Rewards World Elite®* Mastercard®*
4.3 / 5Our rating reflects the opinion of our editors. It is not influenced by the card issuer.
Apply Now
on BMO's website
Annual FeeFirst Year Annual Fee Rebate
$0$150
First year free
Bonus ValueAccording to BMO: up to $1,600. This is not our valuation.
$1,600
Our valuationFirst-year valueWelcome bonus$436Annual fee rebated$150Total$58665,000 points valued at 0.67¢ per point, from our valuation table.$235 deferred bonus, excluded from the first-year estimate and not counted in this total.Rewards on your spending are not included. The calculator that adds them from your own profile is on the card's page.
$586
Welcome offerRequired cumulative net purchases: $5,000 within 110 days, $10,000 within 180 days and $20,000 within 365 days of account opening.
Up to100,000 points
Offer ends Oct 31, 2027
No time to apply right now?
Get this offer by email and pick up where you left off, whenever suits you.
Pros & Cons
Pros
- First Year Annual Fee Rebate ($150 annual fee rebated)
- Welcome Bonus: Up to 100,000 points
- Up to 10x with the partner brand
Cons
- High annual fee ($150/yr after the first year)
- Foreign Transaction Fee (2.5%)
Our Review
The BMO Blue Rewards World Elite®* Mastercard®* combines rewards on everyday purchases with travel benefits. You get 4 complimentary airport lounge visits per year through Mastercard Travel Pass provided by DragonPass, and the annual fee waived in the first year. The annual fee is $150 after that.
The welcome offer lets you earn up to 100,000 Blue Rewards points. The 3 bonuses are based on cumulative net purchases from account opening:
- 45,000 points after $5,000 in purchases in the first 110 days;
- 20,000 additional points after $10,000 in purchases in the first 180 days;
- 35,000 additional points after $20,000 in purchases in the first 365 days.
For everyday spending, earn 10 points per dollar at participating Blue Rewards partners, on up to $25,000 in net purchases per calendar year. You also earn 2 points per dollar on groceries, gas, electric vehicle charging, alcohol, and wholesale club purchases, including Costco, on up to $500 per category, per statement cycle. Other purchases earn 1 point per dollar.
For your trips, the card includes travel insurance, subject to eligibility requirements and applicable exclusions. You also get 6 months of Instacart+ membership and a $10 monthly Instacart credit when you enrol with your eligible card.
A balance transfer offer of 0% for the first 12 statement periods from account opening, with a 2% transfer fee, is also available. Detailed terms apply.
Rewards
All Spending
1x
Blue Rewards pts per dollar
With the partner brand
10x
Blue Rewards pts per dollar
Liquor stores
2x
Blue Rewards pts per dollar
Warehouse clubs
2x
Blue Rewards pts per dollar
Groceries
2x
Blue Rewards pts per dollar
Gas
2x
Blue Rewards pts per dollar
Credit Card Rewards Calculator
See how much you could earn with this card based on your spending.
¢/ point
0.34¢2.01¢
Points Earned
38,400
Blue Rewards/yr
Estimated Value
$257
After Fees
+$257
1st Year ValueThese figures are estimates from our own calculator, based on our point valuations and the spending you enter. They are not the card issuer's valuation and have not been provided or endorsed by the issuer. Actual rewards may vary.
$693
incl. welcome bonus
Annual rewards breakdown
Groceries$8,400/yr × 2x (capped at $6,000/yr, then 1x)14,400 pts
Gas$2,400/yr × 2x4,800 pts
Transit$1,200/yr × 1x1,200 pts
Restaurants$3,600/yr × 1x3,600 pts
Pharmacy$600/yr × 1x600 pts
Travel$1,800/yr × 1x1,800 pts
Bills & recurring payments$3,000/yr × 1x3,000 pts
Telecom$1,800/yr × 1x1,800 pts
Entertainment & streaming$1,200/yr × 1x1,200 pts
All other spending$6,000/yr × 1x6,000 pts
Total annual spend$30,000
Monthly spend$2,500
Average earn rate on spend per year1.28x
Average earn rate on spend 1st year with welcome bonus3.45x
Total points earned on spend38,400 pts
Welcome bonus pointsUp to 65,000 pts
- Earn up to 35,000 Blue Rewards after $20,000 in purchases within the first 365 days — Awarded on day 365 after account opening. — Credited up to 8 weeks after the conditions are met. — This tier is conservatively excluded from the first-year estimate: it may be credited after day 365.
The calculation uses the maximum advertised welcome offer. Your actual offer may be lower or unavailable.
Total points earned103,400 pts
Value of points accumulated in the first year≈ $693
First-year advantages
- $150
Total first-year advantages$150
Perks & Benefits
Airport lounge access
DragonPass4 visits
Accepted at Costco
Included
Travel Insurance
Travel medical (under 55)
Up to $5,000,000 / 15 days
Travel medical (55-64)
Up to $5,000,000 / 15 days
Trip Cancellation
Up to $1,500
Trip Interruption
Up to $2,000
Delayed Baggage
Up to $500
Lost Baggage
Up to $500
Flight Delay
Up to $500
Hotel Burglary
Up to $1,000
Travel Accident
Up to $500,000
Purchase Protection
Purchase Protection
Included
Extended Warranty
+1 year(s)
Auto Rental
Included
Fees and interest rates
- Annual Fee$150
First Year Annual Fee Rebate
- Additional card fee$50
- Foreign currency conversion fee2.5%
- Transfer fee2%
Introductory fees and minimums: see terms.
- Purchase Rate21.99%
- Balance transfer rate23.99%Quebec21.99%
- Cash advance rate23.99%Quebec21.99%
- Balance Transfer Promo0%
Intro period: first 12 statement periods from account opening
Eligibility
Personal Income
$80,000
Household Income
$150,000
Terms & Conditions
Welcome Offer: Get up to $1,600 in value and the annual fee waived in the first year. Plus, get a 0% introductory interest rate on balance transfers for the first 12 statement periods from account opening with a 2% transfer fee*.
Offer for new customers whose application submitted on or after December 15, 2025 is approved. The account must be in good standing.
Only Canadian-dollar transfers from other institutions are eligible, with a $100 minimum and subject to available credit. The promotional period is shared by all transfers; after that period, the remaining balance bears interest at the then-current cash advance rate. Purchases and other transactions are excluded from the promotional rate.
- Earn 10 Points for every $1 spent at participating Blue Rewards Partners, up to $25,000 in net purchases per calendar year*
- Earn 2 Points for every $1 spent on groceries, gas, electric vehicle charging, wholesale and alcohol purchases, up to $500 per category, per statement cycle*
- Earn 1 Point for every $1 spent on everything else*
Benefits
- Up to $1,600 in value*
- $200 NEXUS Statement Credit in your first year*
- Airport lounge access with complimentary membership in Mastercard Travel Pass provided by DragonPass, plus 4 free passes per calendar year.*
- Earn additional Points on top of your credit card Points when you use your physical or digital Blue Rewards Member Card at checkout*
- Get the $150 annual fee rebated annually with our BMO Premium Chequing Account*
- Unlock exclusive offers at top brands through Blue Rewards offers
- Out-of-province/out-of-country emergency medical insurance up to $5 million per insured person, per trip – up to 15 consecutive days.*
- Get up to 15% off a Global Data Roaming plan and up to 3GB of data without any additional charges with FlexiRoam.*
- Save up to 20% on National Car Rental® and Alamo Rent A Car® and up to 5% on Enterprise Rent-A-Car® at locations worldwide using the Car Rental Booking tool
- Get 20% off admission to Cirque du Soleil shows touring Canada and 15% off resident shows in Las Vegas
- Complimentary Roadside Assistance Program*; Including battery boosts, flat-tire change, lockout service and towing.*
- Extended warranty and purchase protection*
- Enjoy six months of Instacart+ and a $10 monthly Instacart credit when you enroll your eligible BMO Credit Card.*
Legal
†Conditions apply.
BMO is not responsible for updating the content of this site. For the most up-to-date information, please click on the Online Application link.
FAQ
How many Blue Points do you earn with the BMO Blue Rewards World Elite Mastercard?
The card earns 10 Points per $1 at participating Blue Rewards Partners, 2 Points per $1 on groceries, gas, electric vehicle charging, alcohol and warehouse club purchases, and 1 Point per $1 on everything else. You also collect the partner’s own Points at checkout when you show your Blue Rewards membership card, so two streams of Points stack on the same transaction.
Is the 10x Points rate at partners capped?
Yes. Bonus Points at participating Blue Rewards Partners are earned on up to $25,000 in net purchases per calendar year. Once you reach that maximum, purchases at partners earn only the base rate of 1 Point per $1.
This annual cap replaced the previous $1,000 per statement cycle limit. It more than doubles the accelerated spending allowed — about $12,000 a year before, $25,000 now — and it can be used in a single month rather than spread across twelve.
Are the accelerated spend categories capped as well?
Yes, and that cap has not changed. The 2 Points per $1 rate applies to up to $500 in net purchases per Accelerator Spend Category, per statement cycle — alcohol, gas and EV charging, groceries, and warehouse clubs are each counted separately.
One nuance: a purchase made at a Blue Rewards Partner that is also a grocery store or gas station earns the 10x partner rate, not the category rate.
What is the welcome offer on the BMO Blue Rewards World Elite Mastercard?
Up to 100,000 Bonus Points, spread over three spending milestones: 45,000 Points after $5,000 in net purchases within 110 days, 20,000 Points after $10,000 within 180 days, and 35,000 Points after $20,000 within 365 days. Reaching the full offer therefore requires $20,000 of spending in the first year.
BMO values the overall package at up to $1,600, which includes the $200 NEXUS statement credit, the first-year rebate of the $150 annual fee, lounge access and the Instacart+ benefit. Applications must be received between June 2, 2026 and October 31, 2027.
Does the card give airport lounge access?
Yes. You get a complimentary membership to Mastercard Travel Pass provided by DragonPass, plus four complimentary lounge passes per calendar year, usable by you as the primary cardholder or by a travelling companion. Once the four passes are used, lounge access costs US$32 per person, per visit. Enrolment through the Mastercard Travel Pass app or website is required.
Conditions apply. All information is believed accurate but not guaranteed. Card details, rewards, and offers are subject to change at any time. Always verify the latest terms on the issuer’s website before applying. Ratesopedia may receive compensation through affiliate links. This does not affect our editorial choices or card rankings. © 2026 BMO. All trademarks are property of their respective owners.
