If you’re looking for a top-of-the-line credit card, this BMO World Elite Mastercard card review will fit your needs perfectly. The card comes with many features and benefits that can make your life easier, including travel insurance, extended warranty protection, and purchase protection.

It also offers many perks specifically designed for travelers, like airport lounge access and cash back on car rentals. So, if you’re frequently on the road, the BMO World Elite Mastercard could be perfect for you. Keep reading to learn more about this card’s features and benefits.

Issued by the Bank of Montreal, the BMO World Elite Mastercard is a fantastic product for those looking primarily for travel-related perks. First of all, its sign-up bonus provides 60.000 BMO points with flexible redemption options. That includes covering flight taxes and fees. 

BMO waives the $150 annual fee for all new cardholders during their first year of membership as a bonus. The card has a fixed APR of 20.99% for purchases and requires a credit score between good and excellent for approval. But that’s not all it requires! To become eligible, you must have a minimum annual income of $80.000. 

The BMO World Elite Mastercard comes with many other perks, especially for customers who frequently shop at retailers such as Costco and No Frills. By using this card to cover your daily expenses, you get 3 cash back earn rates, and besides travel-related perks, you can use them to get a statement credit or direct deposit into a checking or savings account.

The rates are 5 BMO points per dollar spent on car rentals from companies like Alamo and National Car Rental. 3 BMO points for travel-related spending, dining, and entertainment. Plus, you also get 2 BMO points per dollar in all other eligible purchases.

Even though the BMO World Elite provides many perks for frequent travelers, especially when combined with the World Elite Mastercard program, you should be aware when spending overseas. The card charges a 2.5% foreign fee on each transaction made. 

Next in our BMO World Elite Mastercard card review, we’ll break down the pros and cons of this product. That way, you can decide if it has everything you’re looking for in a credit card. 

Like any travel credit card, your credit score needs to be anywhere between good and excellent for approval. However, you also need to show proof of income to get this card. That means a minimum of $80.000 per year. 

How do you feel about applying for it now that you know what the BMO can do for your financial life? You can check all the application process details on the following link. So, read on and learn the step-by-step guide to get your BMO World Elite Mastercard today!