BMO World Elite Mastercard Canada: Maximize Travel Points, Lounge Access and Comprehensive Travel Insurance
Make the BMO World Elite Mastercard your travel companion, turning everyday spending into BMO Rewards points, LoungeKey access and robust travel insurance for Canadians on the go
BMO World Elite Mastercard benefits for Canadian travellers
The BMO World Elite Mastercard delivers high-value travel perks tailored to Canadians who want to squeeze the most from every dollar. Cardholders earn 3 BMO Rewards points per $1 on travel, dining and entertainment, 2 points per $1 on groceries, and 1 point per $1 on all other purchases—making daily spending work toward your next trip.
Beyond points, the card includes no foreign transaction fees on purchases outside Canada, purchase protection, extended warranty and a 24/7 concierge service. These benefits make the BMO World Elite Mastercard a practical premium choice for frequent flyers and weekend road-trippers alike.
BMO Rewards points: earning and redemption tips
BMO Rewards points are flexible and simple to redeem for flights, hotels, car rentals or vacation packages through the BMO Rewards portal. Points don’t expire while your account is open and in good standing, so you can plan bigger redemptions without pressure. Focus spending on travel, dining and grocery categories to accelerate earnings on the BMO World Elite Mastercard.
To get better value, redeem points toward travel bookings rather than merchandise or gift cards. Look out for promotional bonuses and transfer offers that occasionally boost point value. Combining everyday purchases and targeted travel spending will maximize the return on your BMO Rewards balance.
Lounge access, concierge service and travel insurance
The card includes complimentary LoungeKey access to over 1,000 airport lounges worldwide, a big win for comfort-seeking Canadians. Whether departing from Toronto Pearson or connecting through Vancouver, lounge access improves your travel flow and adds premium value to the BMO World Elite Mastercard experience.
Comprehensive travel insurance is another headline feature: emergency medical coverage for trips up to 21 days, trip cancellation and interruption, flight and baggage delay and rental car coverage. For Canadians travelling domestically or abroad, this insurance package reduces out-of-pocket risk and provides peace of mind on holiday.
Is the BMO World Elite Mastercard worth the annual fee?
The annual fee sits around $150, which can be offset quickly if you travel often or spend heavily in high-reward categories. For regular travellers who use lounge access, enjoy travel insurance and plan redemptions strategically, the BMO World Elite Mastercard often pays for itself in convenience and savings.
If you don’t travel frequently, weigh alternatives like lower-fee BMO cards or cashback options. Compare your annual spending on travel, dining and groceries against the rewards rate and perks to decide if the BMO World Elite Mastercard matches your lifestyle and financial priorities.