We’re going to have to ask all of you Gallivanter’s to buckle up for safety because this card is going to blow your socks off! BMO has teamed up with the longstanding AIR MILES loyalty program to offer you this robust Mastercard, that stands up to some of the most sought after cards available in this category. Let me present you with the BMO AIR MILES WorldElite Mastercard.

Lets start with the how the rewards are accumulated.  For every $10 you spend, on every single purchase you make with the card, you will generously receive 1 mile, that can be redeemed towards your choice of merchandise, dream trips or cash rewards. The latter, conveniently allows you to redeem the reward miles in your AIR MILES cash balance towards everyday purchases at participating sponsor locations. Furthermore, if you present your standalone blue AIR MILES card at approved retailers, you’re able to piggyback on top and earn double points for those purchases.

As a welcome bonus, you will receive 1000 Bonus Miles after your first purchase using your credit card, then an additional 2,000 Bonus Miles when you spend a minimum of $3,000 on purchases, using the credit card within the first three months of activation.  You’re most likely going to spend that money anyways, for everyday items such as groceries, bills, gas and so on. So holster that INTERAC® card, give a quick draw to your BMO AIR MILES WorldElite Mastercard and start stacking up on those points.

As an Elite member, you’ll have exclusive access to more than 850 VIP airport lounges worldwide, designed to pamper you and your travel companions in an “oasis of calm” amid the airport’s typically hostile environment. You’ll receive 4 passes annually to enjoy individually, or share with a friend or family member. If you find yourself booking flights more than you initially anticipated and require extra passes, you can purchase additional vouchers at a discounted price.

Of course, this being a premium card, applicants must meet a minimum requirement of $80,000 in annual income (individual) or $150,000 (household) to be considered for approval. Applicants that apply before October 19 2019, will be granted a waiver, courtesy of BMO, that will allow them to be exempt from the annual fee for the first year

– Lets recap and add a few more perks
  • Annual Fee: $120 (first year waived)
  • Interest Rate: %19.99 for Purchases and 22.99 for cash advances
  • 1 mile for every $10 spent and double miles at participating retailers
  • Up to 3000 welcome bonus points
  • VIP lounge access at 850 airports worldwide
  •  Purchase Protection and Extended Warranty on most items bought with your card
  • 15% discount on all flights in North America booked with AIR MILES Reward Miles with no blackout periods
  • BMO AIR MILES World Elite Travel and Medical Protection