Eligible cardholders are required to comply with the Conditions of Use available online at. Similar to the Scotiabank Passport Visa Infinite, this card also waives the FX fee (a 2.50% fee saving) when you spend money abroad. The BMO World Elite Mastercard is one of a few premium credit cards available on the list of BMO credit cards. Cash advances include Balance Transfers, cash-like transactions and Mastercard cheques. Shop deals that let your BMO Reward points go even further. The last 4 digits of your BMO Mastercard number is Your policy number with respect to any such individual insurance. The World Elite tag is Mastercard's premium card offering much like Visa's Infinite/Signature branding and is a step up from the World Mastercard. BMO Travel Insurance. BMO World Elite Mastercard Travel Insurance, Downsides of the BMO World Elite Mastercard. Please read our, 11 Legit Online Jobs for Students in Canada. Mastercard Airport Experiences provided by LoungeKey (“MCAE”) is a worldwide program run by LoungeKey Ltd. Rating methodology Get 3 BMO Rewards points for every $1 spent on eligible travel, dining and entertainment purchases.2a,2b, Get 2 points for every $1 spent everywhere else.2b, Access over 1 million Wi-Fi hotspots around the world – all at no added cost, and no added fees or roaming charges.7. The four annual passes alone are worth $140 and do not include the membership that is also provided free of charge. Get up to $540 in value in your first year! If you are an occasional traveller, the annual fee could be prohibitive. The card comes with a welcome bonus of 30,000 points, waives the $150 annual fee in the first year, and has a remarkable travel insurance package. Visit your branch; call the Customer Contact Centre at 1-800-263-2263, or visit bmo.com/creditcards for current rates and fees. It comes with a $250 value sign-up bonus and has a $120 annual fee. The BMO World Elite Mastercard was easily one of the best BMO credit cards. Sunshine Escapes. a) You will earn 3 BMO Rewards points for every $1 in eligible travel, dining and entertainment purchases, up to $50,000 annually (January to December statement cycle period). You earn a 2% return on grocery, dining, entertainment, and daily transportation spending and 1% on everything else. It's their flagship travel rewards credit cards and comes with great benefits including lounge access, travel insurance, concierge service, extended warranty and more. The primary cardholder annual fee of $150 will be rebated in the first year and will appear as a fee and a credit on the primary cardholders first statement. Unlimited-trips-per-year coverage for trips up to 21 days). The BMO World Elite Total Travel and Medical Protection package is a … The standard Air Mile earn rate is 1 mile per $20 spent at partner locations. Your email address will not be published. You also get: The Scotiabank Passport Visa Infinite comes with a $139 annual fee, and you can learn more about the card in this review. He has a master's degree in Finance and Investment Management from the University of Aberdeen Business School and has a passion for helping others win with their finances. BMO CashBack World Elite sign-up bonus. For inquires related to your BMO Rewards Business MasterCard Customer account: 1 … Then get … This benefit will be available to all cardholders of a BMO World Elite Mastercard (“eligible cardholders”). For inquires related to your BMO World Elite MasterCard account: 1-866-991-4769 1-866-991-4769. Ritual Rewards points will not be issued to users who do not use a consumer World or World Elite Mastercard credit card issued in Canada as the form of payment (“Eligible Mastercard”). The calculation reflects 20% of monthly spend on eligible travel, dining and entertainment purchases and 80% of the spend on all other card purchases. Enoch Omololu is a personal finance expert and a veterinarian. Complimentary membership in Mastercard Airport Experiences provided by LoungeKey, with exclusive VIP access,3 plus four annual complimentary passes ($140 value/year3). The BMO World Elite Mastercard requires a minimum individual income of $80,000 or household income of $150,000. Ongoing interest rates, interest-free grace period, annual fees and all other applicable fees are subject to change. The Scotiabank Gold American Express offers up to a 5% return on your grocery, dining, and entertainment spending; plus 3% on gas, transit, and streaming services. You can redeem your BMO Rewards Points towards investments with BMO. Is The BMO World Elite Mastercard For You? Your email address will not be published. Offer ends January 4 th, 2021 Save the cost of buying optional extended warranty insurance on your next purchase by paying with your BMO credit card. Discover a world of Mastercard Travel Rewards cash rebate offers at traveloffers.mastercard.com. If you exceed $50,000 in combined annual purchases, you will continue to earn the Base Rewards. Check out this review of the Scotiabank Gold AMEX for more information. I recently redeemed my reward points for the first time to book a flight using the BMO Rewards online site. Insurance benefits provided by Allianz Global Risks US Insurance Company (Canadian Branch) except Common Carrier Accidental Death and Dismemberment Insurance provided by Chubb Insurance Company of Canada. Although this card waives the annual fee in the first year, you will need to shell out $150 per year in subsequent years. 30,000 BMO Rewards welcome bonus points will be applied to your BMO Rewards Collector Account after you spend a minimum of $3,000 (less refunds and excluding cash advances, cash-like transactions, interest charges, fees, credit or debit adjustments) within the first three (3) months from the account open date. Orders that are paid for using voucher credits will not be applicable to the count of hot beverages orders. Featured Monthly Specials. Get up to $575 in value in your first year! If you can qualify and don’t mind a relatively steep annual fee, this is a solid choice for people who travel frequently and who would like to have access to all of those sweet World Elite perks. Membersite for Podium Clients. Terms and conditions apply. Boingo services provided by Boingo Wireless, Inc. See. Apply now! BMO Rewards Points can also be used for other redemptions including investments, gift cards, cash/statement credit, and more. Each of these cards rank highly in their categories here on MapleMoney, it’s just a matter of what credit card is right for your rewards goals. The card comes with a welcome bonus of 30,000 points, waives the $150 annual fee in the first year, and has a remarkable travel insurance package. BMO Air Miles World Elite Mastercard rewards. You also enjoy; Even better, the income needed to apply for this card is $12,000. Check out all the offers by visiting mastercard.ca/world, Shop, dine and relax with our partners to unlock Mastercard Travel Rewards cashback offers when you travel and shop with your BMO World Elite Mastercard outside of Canada. 3) 15% off admission to Cirque du Soleil shows in Canada and 20% off selected resident shows in Las Vegas. What people love is that the sign up bonus is typically generous and it has a strong earn rate. © 2021 Enoch Media Inc. All Rights Reserved. BMO ® World Elite ®* Mastercard ®* Get a response in under 60 seconds! Take advantage of Transat’s expertise in packages and cruises. You can easily redeem BMO Rewards points for: The BMO World Elite Mastercard offers one of the most comprehensive travel insurance packages in Canada. Considering that 1 BMO Rewards point is worth 0.71 cents, the reward rate on these three categories of spending is roughly 2.14% when redeemed for travel. The card offers a good combination of rewards points and travel insurance and is worth looking at. Save up to 60% on your next hotel booking with Priceline on BMO Rewards. There is a combined annual limit of $50,000 for the reward earning rates stated above. The new BMO CashBack® World Elite®* MasterCard®* ushers in a new era of simplicity, transparency and value in Canadian credit cards. These redemptions will typically give you less than 0.71 cents in value with a few exceptions. The BMO World Elite MasterCard is one of the top travel rewards cards in Canada and is definitely worth considering if you’re looking to maximize the value of your BMO Rewards points. Based on our rating results, the BMO Air Miles World Elite Mastercard gets 3.5 stars. Here’s a summary of what you get: Cardholders of the BMO World Elite card also enjoy the following VIP perks: 1) Complimentary membership in Mastercard Airport Experiences provided by LoungeKey and four free passes to VIP airport lounges in over 120 countries. This offer is not available to current or former BMO World Elite Mastercard cardholders who reinstate a closed account or open a new account during the Offer Period. Required fields are marked *. The BMO World Elite Mastercard offers a host of perks, rewards, and comprehensive insurance coverage for added peace of mind. Read our detailed review about the BMO Rewards program. BMO offers three different World Elite Mastercard credit cards that might work well for you, depending on what you are looking for in a rewards program. His writing has been featured or quoted in The Globe and Mail, Toronto Star, MSN Money, Financial Post, Winnipeg Free Press, Wealthsimple and many other personal finance publications. Rewards summary First Year Welcome Bonus points Purchases exceeding $50,000 earn a base reward at 1 point per $1 spent, for a 0.71% return. After the first year, the annual fee will appear on your Credit Card statement twelve (12) months after the Credit Card open date. You will also receive our FREE e-Book! The BMO Rewards Mastercard is a simple, low cost points credit card, while the BMO World Elite Mastercard will take your point earning power to the next level. You earn 3 points for every $1 spent on travel, dining, and entertainment. This post may contain affiliate links. The 3 BMO Rewards points includes the base earn rate of 2 BMO Rewards points for every $1 in card purchases (“Base Rewards”) and the bonus of 1 BMO Rewards point for every $1 in eligible travel, dining and entertainment purchases (“Bonus Rewards”). You will only earn Base Rewards for purchases made at Other Merchants. BMO Rewards Mastercard If you want to earn points, but you’re not interested in paying an annual fee to do so, the BMO Rewards Mastercard may be right for you. 1 BMO Rewards points will not expire as long as the BMO World Elite Mastercard card account (referred to in this paragraph as the “Account”) remains open and in good standing, except as described in the section of the BMO Rewards Terms & Conditions, which deals with the program termination. The insurance described in this Certificate/Policy of Insurance is for eligible BMO Rewards World Elite Mastercard Primary Cardholders To start off, you’ll get an earn rate of 10% on the first $2,000 spent in the first 3 months after signing up. The BMO World Elite Mastercard has one of the best insurance packages out there. Historically, the BMO World Elite has usually offered a signup bonus at the 35,000-point level, so the current offer is quite strong at the moment. It is often considered to be one of the best travel credit cards in Canada. When it comes to earning rewards, BMO has kept it simple and straightforward. WARNING ABOUT BMO WORLD ELITE MASTERCARD: I am making this post to share my VERY negative experience using my BMO World Elite Mastercard reward points and to warn those of you who are considering this credit card. To earn Bonus Rewards, your purchases must be made at merchants that are classified in the Mastercard network as: airlines, car rental agencies, hotels/resorts, cruise lines, passenger railways, tour operators, timeshares, travel agencies and tour operators, dining: eating places, restaurants, drinking places, fast food restaurants and entertainment including motion picture theatres, theatrical producers, ticket agencies, bands, orchestras and miscellaneous entertainers, tourist attractions and exhibits, amusement parks, carnivals, circuses, aquariums, dolphinariums, zoos and seaquariums (“Applicable Merchants”). This coverage doubles the original manufacturer's warranty period up to a maximum of one additional year. If you collect Air Miles, you know the little guys are worth so much since they’re so hard to earn. To the best of our knowledge, the BMO World Elite was the first World Elite card offering in Canada. When you get the BMO World Elite Mastercard you’ll obtain 35,000 BMO Rewards points (equivalent to $250) after spending $3,000 with the card during the first three months. Its no-fee alternative, the BMO Cash Back Mastercard, makes my list of the best no-fee cash back credit cards in Canada.. Subject to terms and conditions , including limitations, exclusions and other important information contained in the BMO World Elite Total Travel and Medical Protection Certificate of Insurance, which is sent to new cardholders.Out-of-Province/Out-of-Country Emergency Medical benefits are to cardholders under the age of 65. This BMO World Elite Mastercard review covers its benefits, downsides, what your points are worth, and everything else you need to know. The BMO Rewards System This offer may be withdrawn or changed without notice. More Travel. BMO CashBack World Elite Mastercard earn rates. BMO Rewards World Elite Mastercard - minimuim $80,000 income; BMO eclipse Visa Infinite Privilege Card - minimum $150,000 income; They now have four levels of cards and as you can see all four cards kind of fit their own bill with the only real overlap being the Visa Infinite and World Elite Mastercards. The BMO World Elite Mastercard is one of a few premium credit cards available on the list of BMO credit cards. Welcome offer: Get 35,000 points and the $150 annual fee waived in the first year 1a,1b ($250 travel value 1b booked on bmorewards.com + $150 Value 1a). Three points are earned for every dollar spent on travel, dining, and entertainment purchases. That’s $200 right there. and Card Value Calculator You can use this rewards calculator to calculate how many points, miles, or cash back you can earn based on your spend per category. a) BMO World Elite Mastercard applications must be received between July 10, 2020 and October 31, 2021 (the “Offer Period”) to be eligible for this offer. Designed by Elegant Themes | Powered by WordPress. Explore Travel open in new tab. Canada’s Best Low Interest Credit Cards in 2020, The Best Business Credit Cards in Canada for 2020, Retirement Planning in Canada: A Complete Guide, A Wealthsimple TFSA Case Study: How To Invest For Retirement Using a Robo-Advisor, $150 annual fee is waived in the first year, Earn 3 points per $1 spent on travel, dining, and entertainment, Complimentary membership in Mastercard Airport Experiences provided by LoungeKey plus four annual complimentary passes, Purchase protection and extended warranty, Travel: including flights, hotels, car rentals and vacation packages (up to 2.14% return), Investments: invest $100 in your BMO investment account in exchange for 15,000 points (0.67% return), Merchandise: purchase gift cards and merchandise on bmo.rewardsonline.ca (point value varies), Cash credit: get $50 for every 15,000 points (0.33% return), Emergency medical protection up to $2 million for up to 21 days if you are under 65 years, Trip cancellation up to $2,500 per insured person and a maximum of $5,000, Trip interruption/trip delay insurance coverage up to a maximum of $2,000, Flight delay coverage with reimbursement up to a maximum of $500 in the event you are delayed for more than six hours, Lost or stolen baggage up to $750 per person and a maximum of $2,000 per trip, Car rental insurance for up to 48 consecutive days and an MSRP of $65,000, Car rental accidental death or dismemberment benefit up to $200,000, Car rental personal effects coverage up to $1,000, Purchase protection coverage against theft or damage for 90 days following the date of purchase, Extended warranty for up to one extra year, Complimentary Priority Pass membership plus 6 free passes to VIP airport lounges ($379 value per year), Comprehensive travel insurance benefits including travel emergency medical for up to 25 days, Minimum personal income of $60,000 to apply. Some merchants may sell the same or similar products/services as the Applicable Merchants or are separate merchants who are located on the premises of the Applicable Merchants, but are classified by Mastercard in another manner (“Other Merchants”). To qualify for the BMO World Elite, you need to have a minimum personal income of $80,000 or $150,000 for a household. Welcome offer: Get up to 40,000 points and the $150 annual fee waived in the first year 1a,1b ($285 travel value1b booked on bmorewards.com + $150 Value1a). Learn how your comment data is processed. Next, we have the best part about this card – the insurance. Posted by Enoch Omololu | Updated Oct 15, 2020. Existing BMO credit card cardholders who transfer into this product during the Offer Period are not eligible for this offer. More specifically, the travel insurance. The BMO World Elite – which made our list of the best travel credit cards in Canada for 2020 – will earn you BMO Rewards points the fastest.

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