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Mr. Loonie
BMO VIPorter World Elite® Mastercard®

BMO VIPorter World Elite® Mastercard®

Best for: Frequent Porter flyers who want VIPorter points and travel perks

Your spending a month
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
Year one
$794
Every year after
$595

Ranked #44 of 176 for year one. See the list

See how we worked it out
Annual fee
$0 first year
Then $199 a year
Apply now on BMO’s site (opens in a new tab)
Needs $80,000 personal or $150,000 household income
We may get paid if you apply through this link. It never changes our score.

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? What you’d earn Can I get it? Fees Similar cards
3 quick questions

Is it for me?

Do you spend $400 or more a month on flights?

Is your personal income $80,000 or more, or your household’s $150,000 or more?

Do you pay your card off in full most months?

Answer the 3 questions to see if it fits.

From the numbers

The good and the bad

Stands out

  • Good: 3 points per $1 on flights At our value for these points, that’s about 4.5% back.
  • Good: No fee in the first year Then $199 a year.

Watch for

  • Watch for: $199 a year from year two You need about $400 a month on flights to earn it back.
  • Watch for: 2.5% on foreign purchases Use a no foreign fee card when you travel.

Worked out from the card’s rates and fees.

Show your work

What you’d earn

With typical spending of $2,500 a month.

VIPorter points valued at 1.5¢ each.

  • Groceries $288
    2 points per $1 · 3% back $800 a month · 19,200 VIPorter points a year
  • Restaurants $90
    2 points per $1 · 3% back $250 a month · 6,000 VIPorter points a year
  • Gas $90
    2 points per $1 · 3% back $250 a month · 6,000 VIPorter points a year
  • Recurring bills $45
    1 point per $1 · 1.5% back $250 a month · 3,000 VIPorter points a year
  • Travel $27
    1 point per $1 · 1.5% back $150 a month · 1,800 VIPorter points a year
  • Everything else $117
    1 point per $1 · 1.5% back $650 a month · 7,800 VIPorter points a year
  • Foreign currency $27
    1 point per $1 · 1.5% back $150 a month · 1,800 VIPorter points a year
For you Year one Later years
Points you earn45,600 VIPorter points a year, at 1.5¢ each $684 $684
Annual fee $0 −$199
Foreign currency fee2.5% on $1,800 a year −$45 −$45
Travel medical insurance1 trip at $50 $50 $50
Rental car damage cover1 rental of 3 days at $35 a day $105 $105
Total $794 $595

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
Flights
3 points per $1 Porter purchases
Groceries
2 points per $1
Restaurants
2 points per $1 On Porter purchases
Gas
2 points per $1
Transit
2 points per $1
Hotels
2 points per $1
Everything else (base rate)
1 point per $1

2 point per $1 spent on transportation

How VIPorter points work, and why 1.5¢

We count VIPorter points at 1.5¢ each, a typical value when you use them well.

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

Before you apply

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
  • Household income $150,000 or more Issuer says
  • Credit score No minimum on record Most banks don’t publish one, and we don’t guess.

Checked on Nov 8, 2026. Source

Mr. Loonie’s tip Each application shows up on your credit file. Leave a few months between card applications.

What critics say

Other reviewers on this card

  • Frugal Flyer (opens in a new tab) May 2026

    “The BMO VIPorter World Elite Mastercard was awarded Frugal Flyer’s Best Airline Co-Branded Credit Card, and for good reason. This is the only credit card that unlocks instant airline elite status that gives us an abundance of perks and the chance of getting upgraded to Porter Reserve. This was a much-needed entry into the Canadian credit card market, and hopefully, it convinces other airlines to put out more competitive credit cards for consumers.”

  • Points Miles and Bling (opens in a new tab) Mar 2026

    “This isn’t a card for aspirational redemptions; it’s a card for real travel. The BMO VIPorter World Elite Mastercard shines by removing the friction from Porter economy with inclusions like free seat selection, free carry-on, free checked bags, and VIPorter Venture status. Importantly, Venture status means you get a digital boarding pass even when flying basic economy! If you regularly fly within North America, the perks easily outweigh the $199 annual fee, making it a surprisingly strong long-term keeper card. The companion pass represents the sweet spot in terms of how much to spend to unlock the welcome bonus.”

  • Frugal Flyer (opens in a new tab) Mar 2026

    “In a market saturated with uninspired products, the BMO VIPorter World Elite Mastercard stands out for having a solid, definable identity and a clear value proposition. While its annual spending caps aren’t perfect, it has remarkably few shortcomings for its $199 annual fee, largely because its partner, Porter, is an excellent airline that has made a deliberate choice to reward its cardholders in meaningful ways. For domestic and transborder travellers who value a civilized flight experience, this is, without a doubt, the most innovative and well-executed new travel credit card to launch in Canada in years.”

  • Rewards Canada (opens in a new tab) Apr 2025

    “The value proposition seen on the card of accelerated earn rates on Porter flights and automatic elite status point towards a focus of the cards being developed for those who fly with Porter Airlines on a semi-frequent to frequent basis and less so for everyday Canadians. This makes a lot of sense for Porter as the airline doesn’t have the reach of Air Canada or WestJet just yet in terms of cities served and overall flight options. So it is better to appeal to those using the airline rather than going after the general Canadian populace like Aeroplan does and to a lesser extent, like WestJet does. Overall, this is the card to go for if you meet the income requirements as it has healthy returns on spending, provides first checked bag free, free carry-on bags for the cheapest fares, complimentary seat selection and more. It is the ideal card offering for people who fly with Porter and it is also an ideal card for Air Transat flyers!”

What cardholders say

Ratings from people with this card

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Insurance and perks

What comes with it

  • Car rental damage Included
  • Extended warranty Included
  • Purchase protection Included
  • Travel accident Included
  • Travel medical Included
  • Round-trip companion pass per year
  • 1 complimentary checked bag
  • 1 complimentary carry-on bag on all Porter fare types
  • Free PorterClassic seat selection
  • Priority re-accommodation for flight delays
  • Priority check-in, security, and early boarding
  • Automatically become an Avid Traveller
  • 21-day out-of-province or country emergency medical insurance
  • Trip cancellation/interruption/delay insurance
  • Car rental-collision/loss damage insurance
  • Common carrier insurance
  • Flight delay insurance
  • Baggage insurance
  • Hotel burglary insurance
  • Complimentary membership in Mastercard Travel Pass provided by DragonPass
  • 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
  • Save up to 7% on your Booking.com prepaid hotel or property rental bookings at booking.com/mastercardcanada
  • Get up to seven cents off per litre on Shell® fuel
  • Mobile wallets Apple Pay, Google Pay
Coverage limits

Travel medical. Up to 21 days per trip.

Not included

Not listed for this card: trip cancellation, trip interruption, flight delay, lost baggage and mobile device.

Fees and interest

What it costs

Annual fee
$0 first year Then $199 a year
Purchase interest
21.99%
Cash advance interest
23.99%
Foreign currency fee
2.5%
All fees and rates

Fees

Extra cards
$75
Fee waivers
First year: $199 off (Waived on the first year)
Cash advance fee
1%, Minimum of $5
Balance transfer fee
5%, Maximum
Over-limit fee
$29
Late payment fee
None
Source
Issuer page

Interest rates

Balance transfer interest
23.99%
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

Before you decide

Similar cards for the same spending

With typical spending. This card: $794 year one, $595 every year after.

See all cards ranked for your spending

Some of these links pay us when you apply, at no extra cost to you. Most don’t, and pay never changes our score. How we make money

Common questions

Questions people ask

What is the annual fee on the BMO VIPorter World Elite® Mastercard®?

$0 the first year, then $199 a year. Each extra card costs $75.

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 include insurance?

It lists extended warranty, purchase protection, 21-day out-of-province or country emergency medical insurance and trip cancellation/interruption/delay 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.

Spot something wrong? We’ll check it with the bank. Suggest a correction

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.

Mr. Loonie is independent and supported by affiliate links. We may earn a commission when you apply through some links, at no cost to you. How we make money

$794
year one for you
Apply now on BMO’s site (opens in a new tab)
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