Offer
Welcome offer: Get up to $1,200 in value, including up to 7,000 AIR MILES bonus miles and no annual fee in your first year*. Plus, save up to 32¢/L at Shell for a limited time only!
- Earn over 10x faster than other AIR MILES collectors:
- 3x the Miles for every $12 spent at participating AIR MILES Reward Partners
- 2x the Miles for every $12 spent at any eligible grocery store*.
- 2x the Miles for every $12 spent at any eligible wholesale clubs, membership-based retailers and alcohol retailers*
- Plus, 1 Mile for every $12 that you spend with your credit card everywhere else*
- Plus, you now have the flexibility to move your Miles between Cash and Dream with our new Transfer Miles feature, so if you want to turn your Cash Miles into a dream vacation, go for it!
- Enjoy a 7¢/L discount on Shell V-Power® premium fuel and 2¢/L on all other Shell fuel every time you fuel up!
- Use fewer miles with our exclusive 25% discount on an AIR MILES flight to any destination during the calendar year*.
- Complimentary membership in Mastercard Travel Pass provided by DragonPass.*
- Get valuable benefits and offers for digital everyday services from a variety of on-demand apps and subscription services
- Shop, eat and relax with our partners to receive offers when you travel and make purchases with your BMO World Elite Mastercard outside Canada.
Fees & Conditions
Personal Income
$80,000
Household Income
$150,000
Annual Fee
$120
First Year Annual Fee Rebate
First Additional Card
$50
Other Additional Card
$50
Foreign Transaction Fee
2.5%
Purchase Rates
21.99%
Cash Advance Rates
23.99%
Balance Transfer Rates
23.99%
Cash Advance Rate (QC)
21.99%
Balance Transfer Rates (QC)
21.99%
Value
Calculate the rewards
Your Monthly Spending
Year 1
Year 2+
Welcome Bonus
0 $
Annual Credit
Travel benefits
VIP Lounges
First Year Annual Fee Rebate
-
First year offer value
Rewards Earned
Annual fee
Net value
Advantages
Offer ends on
Jun 1, 2025
Welcome Bonus amount
Up to 7,000 miles + save up to 32¢/L at Shell!
Minimum Spending Required
$20,000
Minimum Spending Timeframe (Months)
12 month(s)
Costco
Earnings
Per dollar of purchases
All Spending
0.08 miles
Groceries
0.08 miles
Gas
0.08 miles
Dining and Food delivery
0.08 miles
Convenience Stores
0.08 miles
Drugstores
0.08 miles
Local Transport
0.08 miles
Travel
0.08 miles
Entertainment
0.08 miles
Recurring Payments
0.08 miles
Telecom/Internet
0.08 miles
Streaming services
0.08 miles
Online transactions
0.08 miles
Office Supplies
0.08 miles
Insurance
Travel Insurance
Insurance Name
Included
Amount
Duration
Travel Medical Insurance
Travel medical insurance up to 54 years old
$2,000,000
15 day(s)
Travel medical insurance up to 64 years old
$5,000,000
15 day(s)
Travel medical insurance 65+
Trip Cancellation Insurance
$1,500
Trip Interruption Insurance
$2,000
Common Carrier Travel Accident Insurance
$500,000
Flight Delay Insurance
$500
Delayed Baggage Insurance
$500
Lost/Stolen Baggage Insurance
$500
Auto Rental Loss/Insurance
$65,000
48 day(s)
Hotel/Motel Burglary Insurance
$1,000
There may be a daily maximum amount depending on the type of fees paid
Other Insurance
Insurance Name
Included
Amount
Duration
Extended Warranty
1 year
Purchase Protection
90 day(s)
Mobile Device Insurance
Price Protection
Legal
*Conditions apply.
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