How to Apply BMO AIR MILES World Elite Mastercard

In this comprehensive review, we’ll dive deep into the Air Miles World Elite MasterCard, shedding light on its enticing advantages and potential trade-offs. By the end of this exploration, you’ll have the information you need to make an informed decision about whether this credit card suits your financial needs.

BMO Bank background and profile

BMO Bank of Montreal, commonly known as BMO, is one of Canada’s oldest and largest banks, offering a wide range of financial services to individuals, businesses, and institutions. Its headquarters are located in Toronto, Ontario, and it operates a vast network of branches and ATMs across the country. BMO is known for its diverse banking and financial products, including retail banking, commercial banking, wealth management, and investment banking services. As of 2021, it had total assets of over $950 billion CAD and employed approximately 45,000 people.

Benefits of BMO AIR MILES World Elite Mastercard

The Air Miles World Elite MasterCard offers a Rewards program tailored for travel enthusiasts. Cardholders earn Air Miles for every purchase, which can be redeemed for flights, accommodations, and other travel-related expenses. This structure appeals to those looking to maximize their travel experiences while benefiting from everyday spending.

• Welcome Bonus: A substantial initial Air Miles reward serves as an extra enticement for new cardholders. It’s a quick way to accumulate points and kick-start your travel aspirations.
• Accelerated Points Earning: This card offers accelerated points earning in select categories like travel and dining. It’s a particularly attractive incentive for frequent travelers and foodies.
• Travel Perks: The Air Miles World Elite MasterCard comes with premium travel benefits, including comprehensive travel insurance coverage, airport lounge access, and concierge services. These perks enhance the overall travel experience and provide peace of mind during journeys.

Here are some details of the benefits associated with the BMO AIR MILES World Elite Mastercard in Canada:

1. Air Miles Rewards:

• Earn 3x AIR MILES Reward Miles, each $12 you spend on your everyday purchases. These can be redeemed for flights, hotels, car rentals, and more.
• Get twice as many miles at any food store that qualifies, or two miles each time you spend $12. Get 1 Mile in addition for every $12 spent elsewhere.

2. Welcome Bonus:

• At the time of this writing (September 2023), new cardholders receive a generous welcome bonus of 2,000 AIR MILES Reward Miles and no annual fee for the first year of card ownership.

3. Travel:

• Earn twice as many Shell Go+ Miles on qualifying gas and in-store purchases. 4 times as many miles!
• During the calendar year, use fewer miles with a 25% discount offered exclusively by BMO on one redemption for a worldwide AIR MILES flight.
• DragonPass will offer you with a complimentary membership in the Mastercard Travel Pass program. As a member, you will be able to gain entry to the lounge for a cost of only 32 USD per person, per visit.
• At certain National Car Rental and Alamo Rent a Car locations, you can save up to 25% off of your rental car.
• When you show your AIR MILES Card in addition to collecting Miles at participating AIR MILES Partners, you will be able to collect Miles twice.

4. BMO AIR MILES World Elite Travel and Medical Protection

• This offers Collision Damage Waiver on rental cars, 15 days of Out of Province / Out of Country Emergency Medical protection up to $5MM, and more.

5. BMO Alerts

• Assist in determining whether the transactions in question truly belong to you. They keep a close watch out for things like unusual behaviour and significant purchases.

6. Flexible Redemption Options

• Redeem your AIR MILES Reward Miles for a variety of rewards, including travel, merchandise, or even cash back. Over 1,000 products and services can be used with Miles, including travel, gift cards, shopping, leisure, and entertainment. Airmiles.ca has all the AIR MILES Reward information.

Who’s eligible for the BMO AIR MILES World Elite Mastercard

The Air Miles World Elite MasterCard is typically designed for those with higher incomes and credit scores. This exclusivity might pose a challenge for individuals who don’t meet these criteria.

Eligibility Criteria for BMO AIR MILES World Elite Mastercard

1. Citizenship/Residency: Must be a citizen of Canada or a permanent resident.
2. Bankruptcy Status: Should not have filed for bankruptcy in the past seven years.
3. Age Requirement: Must be at least 18 years old (in provinces: AB, MB, ON, PE, QC, SK).
   1. Must be at least 19 years old in all other provinces.
4. Minimum Income: Must meet the minimum income requirements specified by BMO, which currently stand at: Minimum annual household income of $150,000 or $80,000 for individuals.

These are the prerequisites that need to be met to be eligible for an application for a BMO AIR MILES World Elite Mastercard in Canada. Please note that specific income requirements may vary and should be confirmed with BMO.

BMO AIR MILES World Elite Mastercard Cost and Fees

• Cost and Fees: BMO AIR MILES World Elite Mastercard
• Annual Fee: $120 CAD:
• Purchase Interest Rate: 20.99%
• Cash Advance Interest Rate: 23.99% (21.99% for Quebec residents)

Please note that annual fees and interest rates are subject to change, so it’s a good idea to check with BMO for the most up-to-date information before applying for the card.

How to obtain the BMO AIR MILES World Elite Mastercard

To receive a BMO AIR MILES World Elite Mastercard, you can apply online at this.

To apply for the BMO AIR MILES World Elite Mastercard, you’ll need to provide the following information:

Personal Information

• Your full name
• Date of birth
• Contact information (address, phone number, email)
• Social Security number (or equivalent)

Residence

• Your current residential address

Employment Status

• Your job status (e.g., employed, self-employed, etc.)

Income Details

• Sources of income (e.g., salary, investments, etc.)
• The amount of your rent or mortgage (if applicable)

Submitting this information accurately and comprehensively will help BMO process your application more efficiently and provide you with a prompt status update.

Our Opinion

In conclusion, the Air Miles World Elite MasterCard presents a compelling mix of advantages and considerations. Its travel-focused Rewards program, welcome bonus, and premium travel benefits make it a strong contender for globetrotters seeking value from their credit card. However, the annual fee and eligibility requirements should be carefully evaluated. To determine if this card aligns with your credit card aspirations, assess these factors in line with your personal financial goals and travel habits.