The ClearFin bottom line
✈️ Travel Rewards
Its strongest published earn rate in our data is 1.3% on groceries. The $150 annual fee should be weighed against the rewards and benefits you expect to use.
Checked 2026-08-09 · Official issuer catalogueIndependent ClearFin review · BMO · Mastercard
BMO Blue Rewards World Elite Mastercard
Start with up to $1,600 in Value + First-Year Annual Fee Waiver.
Independent comparisonFees includedCanadian card data
- Annual fee
- $150
- Reward type
- BMO Rewards
- Welcome offer
- 1,600 pts
- Insurance
- Not listed
First year free
Current new-cardmember offer
Confirm with the issuer
$120cash rebate*
✈️ Travel Rewards
✈️ Travel Rewards
Welcome bonus
Up to $1,600 in Value + First-Year Annual Fee Waiver
How to earn it
- Annual fee waived for the first yearApproved for a new BMO Blue Rewards World Elite Mastercard account.
- Welcome bonus Blue PointsMeet the eligible spending requirements outlined by BMO during the promotional period.
- 0% introductory balance transfer rate for 12 monthsComplete an eligible balance transfer during the promotional offer period. A 2% balance transfer fee applies.
Offer details
Available to new BMO Blue Rewards World Elite Mastercard cardholders who meet the offer requirements. Account must remain open and in good standing. Terms and conditions apply.
How you earn
- 10 Blue Points per $1 spent at participating Blue Rewards Partners, including travel booked through Blue Rewards Travel powered by Expedia
- 2 Blue Points per $1 spent on eligible grocery purchases
- 2 Blue Points per $1 spent on eligible gas purchases
- 2 Blue Points per $1 spent on eligible electric vehicle charging purchases
- 2 Blue Points per $1 spent on eligible wholesale club purchases
- 2 Blue Points per $1 spent on eligible alcohol purchases
- 1 Blue Point per $1 spent on all other eligible purchases
Costs and requirements
Fees & eligibility
Confirm final approval criteria and current rates directly with the issuer.
Annual fee$150First year free
Purchase interest21.99%
Cash advance interestConfirmCheck current issuer rate
Foreign transaction fee2.5%
Income requirement$80,000Issuer approval criteria apply
Household income$150,000Alternative minimum
Recommended credit score725+ Good to Very Good
Applicants typically have the strongest approval odds with a good to very good credit profile. As a World Elite Mastercard with premium travel benefits and minimum income requirements, successful applicants generally have established credit histories and strong credit management habits.
300Poor
560Fair
660Good
725+Very Good
760Excellent
ClearFin estimate on Canada's 300–900 scale. This is not an issuer cutoff or approval guarantee; lenders may use different bureau scores and underwriting criteria. This is an estimated approval range based on industry data and cardholder reports. BMO does not publish a minimum credit score requirement, and approval decisions consider additional factors such as income, credit history, existing debt, payment history, and overall creditworthiness. Applicants must also meet the card's minimum income requirements.
Reward limits: The BMO Blue Rewards World Elite Mastercard does not publish annual or monthly spending caps on its accelerated earning categories. Cardholders earn 10 Blue Points per $1 spent at participating Blue Rewards Partners, including Blue Rewards Travel powered by Expedia, and 2 Blue Points per $1 spent on eligible grocery, gas, electric vehicle charging, wholesale club, and alcohol purchases. All other eligible purchases earn 1 Blue Point per $1 spent. No category spending limits are currently disclosed by BMO.
Using your rewards
Redemption options
Redemption values and availability may vary by option and can change.
Use eligible BMO Rewards points for travel, merchandise, gift cards, investments, or statement credits available through the program.
Redemption values and minimums vary by option; review the current BMO Rewards terms before choosing a redemption.
Beyond the points
Benefits that come with the card
Consider these extras by the value they add to purchases and experiences you already use.
Mastercard Travel Pass Membership
Receive complimentary membership in Mastercard Travel Pass provided by DragonPass, including 4 complimentary airport lounge visits each calendar year.
Airport Lounge Access
Enjoy access to participating airport lounges worldwide through DragonPass. After the four complimentary annual visits, additional visits are available at a preferred cardholder rate.
Roadside Assistance
Receive roadside assistance services including towing, battery boosts, flat tire changes, fuel delivery, lockout assistance, and winching services.
NEXUS Statement Credit
Receive a statement credit of up to $200 for eligible NEXUS application or renewal fees during the first year.
Emergency Medical Insurance
Coverage for eligible out-of-province and out-of-country emergency medical expenses up to $5 million per insured person for eligible trips.
Car Rental Collision Damage Waiver
Provides coverage against theft, loss, or damage to eligible rental vehicles when the full rental cost is charged to the card.
Purchase Protection
Eligible purchases are protected against accidental loss, theft, or damage for a specified period following purchase.
Extended Warranty
Extends the manufacturer's original warranty on eligible purchases, subject to policy limits and terms.
Show all 24 benefitsShow fewer
Blue Rewards Travel
Access Blue Rewards Travel powered by Expedia, allowing redemption of points for flights, hotels, car rentals, vacation packages, and more.
Flexible Travel Redemptions
Redeem any amount of Blue Points toward eligible travel bookings, including taxes and fees on qualifying reservations.
Exclusive Blue Rewards Card Offers
Unlock exclusive partner promotions, discounts, and bonus point opportunities through Blue Rewards card offers.
Extra Blue Points with Membership Card
Earn additional Blue Points when using a linked physical or digital Blue Rewards membership card at participating partners.
Car Rental Discounts
Save up to 20% with National Car Rental and Alamo Rent A Car, and up to 5% with Enterprise Rent-A-Car at participating locations worldwide.
Cirque du Soleil Discounts
Receive 20% off eligible Cirque du Soleil shows in Canada and 15% off resident shows in Las Vegas.
Instacart+ Membership Offer
Receive six months of Instacart+ membership and a monthly Instacart credit when enrolled through the eligible promotion.
FlexiRoam Global Data Benefits
Receive discounts on global roaming plans and complimentary mobile data benefits when travelling internationally.
Mastercard Travel Rewards
Access cash back offers at participating international merchants through Mastercard Travel Rewards.
World Elite Mastercard Benefits
Enjoy additional World Elite Mastercard travel, lifestyle, digital subscription, and partner benefits.
Zero Liability Protection
Protection against unauthorized purchases made with your card if it is lost, stolen, or used fraudulently.
Mastercard Identity Check
Enhanced online purchase authentication helps protect cardholders during eligible e-commerce transactions.
BMO Alerts
Receive notifications for large purchases, suspicious activity, and important account events to help monitor account security.
Free Credit Score Access
Access Credit Coach through the BMO app to monitor your credit score and credit profile without impacting your credit score.
Card Management Through Mobile Banking
Lock or unlock your card, report it lost or stolen, dispute transactions, reset your PIN, and manage card settings through the BMO mobile app.
Financial Insights
View personalized spending insights and budgeting information through BMO Digital Banking.
Protection included
Insurance at a glance
No included coverage is verified in ClearFin's current catalogue.
Insurance is not currently listed for this product.
This does not prove that coverage is unavailable. Confirm the issuer's current certificate and benefit guide before relying on protection.
Check the official card page ↗The verdict
What we like
- Annual fee rebate
- Generous welcome bonus
- High partner purchase optimization
- Roadside assistance
- Airport lounge access
Worth noting
- Annual fee
- High income requirements
- Niche rewards ecosystem
- Low point value
- Limited travel redemption flexibility
ClearFin analysis
Our detailed review
A practical reading of where the card earns, what the fee buys, and which limits matter.
✈️ Travel Rewards
10 Blue Points per $1 at Blue Rewards Partners, 2 pts/$1 on groceries, gas, EV charging, wholesale clubs and alcohol.
How the rewards work
Groceries, Gas receive the strongest estimated return at 1.3%. Purchases outside the accelerated categories earn an estimated 0.67%.
What the annual cost means
Using the strongest estimated category return alone, roughly $11,300 in annual spending at that rate would equal the $150 fee before considering the value of insurance, partner benefits, or a welcome offer.
Who it may suit
This card is most relevant for someone who spends consistently on groceries and gas and can use enough of the included value to justify the yearly cost.
What to examine before applying
Compare the purchase interest rate, foreign-transaction fee, approval requirements, reward limits, and insurance certificates. Pay particular attention to merchant-category rules because a store may not receive the reward rate its products appear to suggest.
Other cards to examine
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Issuer terms apply. ClearFin is not affiliated with this provider. How we make money. Card facts were checked against the issuer's official source. The issuer's current catalogue was checked. Any field not explicitly listed remains marked as unverified rather than estimated.