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.
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
- 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.
First-year advantages
- $150
Perks & Benefits
Airport lounge access
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
Card Features
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.
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. Travelling Salzmans 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.
