BMO Blue Rewards World Elite® Mastercard®
Best for: Grocery and gas spenders who want more points and lounge passes
What’s in each?
- Light:
- Groceries $400, restaurants $100, gas $100, recurring bills $100, everything else (base rate) $250, foreign currency $50
- Typical:
- Groceries $800, restaurants $250, gas $250, recurring bills $250, travel $150, everything else (base rate) $650, foreign currency $150
- Big:
- Groceries $1,200, restaurants $500, gas $400, recurring bills $400, travel $500, everything else (base rate) $1,600, foreign currency $400
- Yours:
- Your own amounts, saved on this device only
Ranked #71 of 176 for year one. See the list
See how we worked it out- Balance transfers
- 0% for 12 months
- 2% fee, then 23.99%
- Annual fee
- $0 first year
- Then $150 a year
Have this card?
Details from BMO’s site. Banks can update terms at any time, so give them a quick look before you apply. Source
Is it for me?
Do you spend $200 or more a month on travel and brand partner?
Is your personal income $80,000 or more?
Do you pay your card off in full most months?
Answer the 3 questions to see if it fits.
The good and the bad
Stands out
- Good: 10 points per $1 on travel and brand partner At our value for these points, that’s about 6.7% back.
- Good: 0% on moved balances for 12 months A 2% fee to move them.
- Good: No fee in the first year Then $150 a year.
Watch for
- Watch for: Everything else earns 1 point per $1 That’s about 0.7% back, which is low.
- Watch for: $150 a year from year two You need about $200 a month on travel and brand partner to earn it back.
- Watch for: 23.99% after the 12 months Whatever you haven’t paid off by then is charged the regular rate.
Worked out from the card’s rates and fees.
What you’d earn
With typical spending of $2,500 a month.
BMO Rewards points valued at 0.67¢ each.
Rows are rounded to the dollar. Insurance counts at what the same cover costs on its own, and only pays when you charge the trip, rental or phone to the card.
What counts in each category
- Travel
- 10 points per $1 Booked through Blue Rewards Travel
- Brand partner
- 10 points per $1 At participating Blue Rewards partners
- Groceries
- 2 points per $1 Including wholesale and alcohol
- Gas
- 2 points per $1 Including EV charging
- Everything else (base rate)
- 1 point per $1
- 10 points per $1 spent on Blue Rewards Partners
- 10 points per $1 spent on Global Pet Foods
How BMO Rewards points work, and why 0.67¢
We count BMO Rewards points at 0.67¢ each, a typical value when you use them well. Depending on how you use them, they’re usually worth 0.33¢ to 0.67¢.
We set one value per points program and use it on every card in that program, so you can compare points cards and cash back cards on the same scale.
These are example budgets to compare cards side by side, not averages. Your own spending will give a different number.
Checked on Nov 8, 2026. Source
Can I get it?
- Age 18 or older 19 or older in BC, NB, NL, NS and the territories
- Where you live Canada
- Personal income $80,000 or more Issuer says
- Credit score No minimum on record Most banks don’t publish one, and we don’t guess.
Mr. Loonie’s tip Each application shows up on your credit file. Leave a few months between card applications.
Other reviewers on this card
-
Frugal Flyer (opens in a new tab) Oct 2026
“The BMO Blue Rewards World Elite Mastercard is a great first-year card and a niche keeper for Canadians who shop at Blue Rewards retailers a lot, or for people who want to transfer to VIPorter going forward. With AIR MILES unfortunately going the way of the dinosaurs, it is good to see Blue Rewards continues to expand, and as the only new transferable currency in Canada, these are points that are useful to have.”
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What comes with it
- Car rental damage Included
- Extended warranty Included
- Purchase protection Included
- Travel accident Included
- Lounges: Dragonpass 4 free visits
- Airport lounge access with free membership in Mastercard Travel Pass provided by DragonPass, plus 4 free passes per calendar year
- Roadside Assistance
- $200 NEXUS Statement Credit in your first year
- Out-of-province/out-of-country emergency medical insurance
- 20% Cirque du Soleil discount
- Instacart discount
- Enjoy six months of Instacart+ and a $10 monthly Instacart credit when you enroll your card
- Get up to 15% off a FlexiRoam Global Data Roaming plan and up to 3GB of data without any additional charges
- Mastercard Identity Check
Coverage limits
We haven’t recorded the coverage limits for this card yet. Read BMO’s insurance certificate before you count on any coverage.
Not included
Not listed for this card: travel medical, trip cancellation, trip interruption, flight delay, lost baggage and mobile device.
What it costs
- Annual fee
- $0 first year Then $150 a year
- Purchase interest
- 21.99%
- Cash advance interest
- 23.99%
- Foreign currency fee
- 2.5%
All fees and rates
Fees
- Extra cards
- $50
- Fee waivers
- First year: $150 off (Waived on the first year ; Get a $150 annual fee rebated annually with BMO Premium Chequing Account)
- Cash advance fee
- 1%, Minimum of $5
- Balance transfer fee
- 5%, Maximum ; 2% transfer fee during introductory period
- Over-limit fee
- $29
- Late payment fee
- None
- Source
- Issuer page
Interest rates
- Balance transfer interest
- 23.99%
- Intro rate: balance transfers
- 0% for 12 months, fee 2%
- Source
- Issuer page
Province differences
- Quebec
- Balance transfer rate: 21.99%. Cash advance rate: 21.99%.
Read the card terms and conditions for the full terms.
Checked on Nov 8, 2026. Source
Similar cards for the same spending
With typical spending. This card: $544 year one, $394 every year after.
-
American Express Cobalt™
Year one $1,651Every year after $1,396 -
Scotiabank Gold American Express® Card
Year one $1,825Every year after $1,055 -
RBC Ion+ Visa
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National Bank World Elite Mastercard
Year one $1,099Every year after $904
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Questions people ask
What is the annual fee on the BMO Blue Rewards World Elite® Mastercard®?
$0 the first year, then $150 a year. Each extra card costs $50.
What income do I need?
BMO asks for $80,000 in personal income.
Does it charge a foreign transaction fee?
Yes, 2.5% on purchases in other currencies.
What is the interest rate?
21.99% on purchases. Cash advances are 23.99%.
Does it have a balance transfer offer?
Yes, 0% for 12 months. The transfer fee is 2%. After that, the rate is 23.99%.
Does it include insurance?
It lists extended warranty, purchase protection and out-of-province/out-of-country emergency medical insurance. Read the insurance certificate for the limits.
Rates, fees and offers come from the card issuers and change often. We work to keep this page accurate and current, but it may contain mistakes, so always check the issuer’s terms before you apply. This page is general information and isn’t financial advice.
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Card names, logos and trademarks belong to their owners. No issuer wrote, paid for or approved what we say about this card. Our scores and opinions are our own.
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