The BMO AIR MILES® World Elite® Mastercard® is a premium credit card offered by the Bank of Montreal (BMO) in partnership with the AIR MILES® loyalty program. Designed for frequent travelers and those who want to earn rewards on their everyday spending, this card provides a range of benefits and features to enhance the cardholder’s experience.
The primary feature of the BMO AIR MILES® World Elite® Mastercard® is the opportunity to earn AIR MILES® reward miles on every eligible purchase made with the card. AIR MILES® is a popular loyalty program in Canada that allows members to collect reward miles and redeem them for a variety of rewards, including travel, merchandise, and experiences.
Here are some key features and benefits of the BMO AIR MILES® World Elite® Mastercard®:
-
Welcome Bonus: New cardholders can enjoy a generous welcome bonus in the form of AIR MILES® reward miles when they meet the qualifying criteria. This bonus can give a significant boost to the cardholder’s reward miles balance right from the start.
-
Earn Rates: Cardholders earn reward miles on every eligible purchase they make with the card. The earn rates may vary depending on the type of purchase, but typically, the card offers accelerated earn rates on certain categories, such as groceries, gas, and travel-related expenses.
-
Travel Benefits: As a World Elite® Mastercard®, this card offers a range of travel benefits. Cardholders have access to a suite of travel insurance coverage, including travel medical insurance, trip cancellation insurance, and car rental insurance. These benefits can provide peace of mind during trips, ensuring the cardholder is protected against unforeseen circumstances.
-
Lounge Access: The BMO AIR MILES® World Elite® Mastercard® provides complimentary membership to the Mastercard Airport Experiences provided by LoungeKey program. Cardholders can enjoy access to over 1,000 airport lounges worldwide, where they can relax, refresh, and escape the hustle and bustle of the airport.
-
Priority Pass Membership: In addition to the LoungeKey program, cardholders also receive a complimentary membership to the Priority Pass program. This membership allows access to a broader network of airport lounges, expanding the cardholder’s options when traveling.
-
Comprehensive Insurance Coverage: The card offers extensive insurance coverage beyond travel-related benefits. These include purchase protection, extended warranty, and price protection, which can provide added value and protection for purchases made with the card.
-
No Annual Fee for Additional Cards: Cardholders can add supplementary cards to their account for family members or authorized users without paying an annual fee for those additional cards. This feature can help maximize the rewards earned by pooling spending across multiple cardholders.
-
Flexible Redemption Options: With the BMO AIR MILES® World Elite® Mastercard®, cardholders have the flexibility to redeem their AIR MILES® reward miles for a variety of rewards. Options include flights, hotel stays, car rentals, merchandise, gift cards, and more. This versatility allows cardholders to tailor their rewards to their preferences and travel goals.
It’s important to note that while the BMO AIR MILES® World Elite® Mastercard® offers numerous benefits, it’s essential for potential cardholders to consider their individual spending habits and financial goals before applying for any credit card. Assessing factors such as annual fees, interest rates, and eligibility requirements can help individuals make an informed decision that aligns with their personal financial circumstances.
