BMO World Elite Mastercard Canada’s Premier Travel Rewards Card with Lounge Access and Travel Insurance
Maximize BMO World Elite Mastercard travel rewards across Canada with lounge access, comprehensive travel insurance and no foreign transaction fees
Why choose the BMO World Elite Mastercard
The BMO World Elite Mastercard delivers premium travel rewards tailored to Canadian travellers who want more from each dollar spent. With a competitive earn rate on travel, dining and entertainment, the card is built to boost your BMO Rewards balance fast.
Cardholders also benefit from practical perks like LoungeKey access at over 1,000 airport lounges worldwide and no foreign transaction fees on purchases outside Canada, making it a strong choice for regular international travellers.
Rewards structure and redemption flexibility
Earn 3 BMO Rewards points per $1 on travel, dining and entertainment, 2 points per $1 on groceries and 1 point per $1 on everything else — a clear path to fast point accumulation. Points don’t expire while your account remains open and in good standing, which keeps your rewards strategy flexible.
BMO Rewards offers multiple redemption options: flights, hotels, vacation packages, car rentals, merchandise and statement credits. Redeeming points for travel typically yields the best value, especially on pricier itineraries and last-minute bookings.
Travel insurance, lounge access and extra protections
The card’s insurance package is extensive and tuned for Canadian expectations: emergency medical coverage for trips up to 21 days, trip cancellation and interruption, flight and baggage delay, and rental car collision insurance. These protections reduce out-of-pocket risk when plans go sideways abroad.
LoungeKey membership grants free or discounted lounge visits, which adds comfort during long connections or delays. Additional benefits like purchase protection and extended warranty coverage give everyday security to larger purchases charged to the card.
Costs, eligibility and how to maximize value
The $150 annual fee can be offset quickly if you prioritise travel, dining and grocery spend on the BMO World Elite Mastercard. Typical cardholder scenarios — frequent business travellers and family vacation planners — often recoup the fee through lounge access, travel savings and strong point accumulation.
Applicants should meet BMO’s minimum income requirement and maintain good credit to qualify. To maximise value: concentrate spending in bonus categories, watch for BMO promos and redeem points for high-cost travel bookings where point value is highest.