What was once AIR MILES is now Blue Rewards, as BMO has since updated the loyalty program and has recently launched the brand-new BMO Blue Rewards World Elite Mastercard as the flagship card.
This new credit card offers some useful travel benefits for a solid annual fee, plus Blue Points are soon to be the newest transferable currency in Canada, opening up even more redemption opportunities.
Is the BMO Blue Rewards World Elite Mastercard worth putting in your wallet? Let’s take a look.
Overview
Welcome Bonus
The BMO Blue Rewards World Elite Mastercard currently has a welcome bonus in which new cardholders can earn up to 100,000 Blue Points:
- Earn 45,000 Bonus Points when you spend $5,000 on net card purchases within the first 110 days of account opening.*
- Earn an additional 20,000 Bonus Points when you spend $10,000 on net card purchases within the first 180 days of account opening.*
- Earn a further 35,000 Bonus Points when you spend $20,000 on net card purchases within the first 365 days of account opening.*
- Plus, get a 0% introductory interest rate on Balance transfers for 12 months with a 2% transfer fee.*
- Plus, get the annual fee waived in the first year.*
Plus: You can earn an additional $125 FlyerFunds Rebate on the BMO Blue Rewards World Elite Mastercard when you apply through Frugal Flyer Rebates!
The BMO Blue Rewards World Elite®* Mastercard®* earns 10x Blue Points per $1 spent on participating Blue Rewards Partners and offers four airport lounge passes annually, plus up to a $200 NEXUS membership credit.*
Earn when you apply through Frugal Flyer.
100,000 Blue Points
$20,000
$795+
$150 (FYF)
Yes
Oct 31, 2026
This offer has an expiry date of Oct 31, 2026, so ensure you apply early enough to be approved by that date.
Staying true to World Elite Mastercard income requirements, the BMO Blue Rewards World Elite Mastercard has an annual personal income requirement of $80,000 or an annual household income requirement of $150,000.
Earning Rates
The BMO Blue Rewards World Elite Mastercard earns Blue Points for all eligible purchases made on the card at the following rates:
- 10 Blue Points per dollar at participating Blue Rewards partners, including Blue Rewards Travel, on up to $25,000 in purchases per calendar year
- 2 Blue Points per dollar on groceries, gas, EV charging, wholesale clubs (such as Costco), and alcohol, on up to $500 per category per statement cycle
- 1 Blue Point per dollar on everything else
With Blue Points worth approximately 0.67 cents a pop, these rates work out to 6.67% back on Blue Rewards partners, 1.33% on groceries, gas, EV charging, wholesale clubs, and liquor stores, and 0.67% back on everything else.
Be mindful of the $25,000 cap on bonuses on total purchases at Blue Rewards per year, as well as the $500 per category limit on the 2x category.
Annual Fee
The BMO Blue Rewards World Elite Mastercard has an annual fee of $150, which is typically waived in the first year as part of the welcome bonus, so ensure you check the offer terms and conditions before applying. After that, holding a BMO Premium Chequing Account rebates the fee every year.
Benefits
Four DragonPass Airport Lounge Passes Per Year
The card includes a complimentary Mastercard Travel Pass membership provided by DragonPass, plus four free lounge passes per calendar year. Visits past the first four incur a fee of $35 USD per entry.
Once the cardholder has registered for Mastercard Travel Pass, they will have access to all four lounge passes that can be used by the cardholder for themselves and their guests.
$200 NEXUS Credit
In the first year of card membership, the BMO Blue Rewards World Elite Mastercard is eligible to reimburse up to $200 CAD of a NEXUS membership application fee charged to the primary card.
As NEXUS applications cost $120 USD, this nets out to slightly above the cost of a single application, or zeroes out one application and provides value on a second transaction, such as for a child or spouse.
Roadside Assistance Benefit
This card also includes basic roadside assistance, subcontracted by the Dominion Auto Association.
Service calls are limited to four per year, and cannot be to or from the site of an accident. Coverage for battery boosts or to repair shops within 10 kilometers is permitted.
Instacart+ & Monthly $10 Instacart Credit
While a small benefit, the BMO Blue Rewards World Elite Mastercard also offers six months of Instacart+ and a $10 monthly Instacart credit. If you are already a regular Instacart user, this is as good as money right back in your pocket.
Rental Car Discounts
Cardholders can save up to 20% on National Car Rental®††and Alamo Rent A Car®††and up to 5% on Enterprise Rent-A-Car®††at locations worldwide using BMO’s Car Rental Booking tool.
Insurance Coverage
Emergency medical coverage pays up to $5 million per person for the first 15 days of a trip if you’re 64 or younger. Trip cancellation coverage of up to $1,500 per person and trip interruption coverage of up to $2,000 per person apply even when you book with Blue Points, as long as any applicable taxes and fees are charged to your Blue Rewards World Elite Mastercard.
Flight delay, baggage, rental car, common carrier, hotel burglary, purchase security, and extended warranty coverage round out the package.
Redeeming Blue Points
Blue Rewards keeps things simple: 1,500 Blue Points are worth $10, or 0.67 cents per point, when redeemed for eGift cards or in-store at partners like Pharmasave. The Expedia-powered Blue Rewards Travel portal pays a hair less, at roughly 0.63 cents per point – there is no direct mechanism to redeem points for statement credit directly against travel transactions at an equivalent or better rate.
As of late 2026, members will soon be able to convert Blue Points into VIPorter points at a rate of 2:1, in addition to offering members ways to earn VIPorter points on daily transactions.
Frugal Flyer’s Thoughts on BMO Blue Rewards World Elite Mastercard
The BMO Blue Rewards World Elite Mastercard is an interesting product as it was launched prior to having its loyalty program revamped. Initially, Blue Rewards’ priority was simply commencing operations, which led to it not having the best redemption rates.
However, now that VIPorter is on board as a partner, the potential for Blue Points is a lot higher as it makes them one of the few convertible points currencies in Canada, and the newest one.
While the earning rates are not of the best value for everyday use, there is one exception: for those who clip coupons or maximize by shopping the Blue Rewards partners, or who want to fly Porter. If you’re looking forward to being connected to the rest of Canada by one of the best economy products on the market, or shop at a lot of Blue Rewards retailers, this is the card well worth adding to your wallet.
Comparable Credit Cards to the BMO Blue Rewards World Elite Mastercard
BMO VIPorter World Elite Mastercard
If Porter Airlines is your endgame, the BMO VIPorter World Elite Mastercard earns 3 VIPorter points on Porter flights booked directly with the airline up to $20,000 a year, and 2x on gas, transportation, and hotels up to $5,000 a year per category. It also outpaces the Blue Rewards on dining and groceries by earning 2x up to $10,000 per category per year.
The card also grants VIPorter Venture status, complete with free checked bags, albeit for a steeper $199 annual fee, which is typically waived in the first year as part of the welcome offer.
The BMO VIPorter World Elite Mastercard, Canada’s most valuable airline credit card*, offers benefits including VIPorter Venture membership and the opportunity to earn an annual round-trip companion pass through spending.
Be entered to win a $500 Porter Airlines e-Gift Card when you apply and get approved for this card through Frugal Flyer in October 2026! Click here for more details.
Earn when you apply through Frugal Flyer.
70,000 VIPorter points
$18,000
$1,250+
$199 (FYF)
Yes
Oct 31, 2026
With Blue Points soon transferable to VIPorter, this is an excellent card to hold in conjunction with the BMO Blue Rewards World Elite Mastercard if you really want to maximize your earnings towards your next Porter Airlines flight.
BMO CashBack World Elite Mastercard
If you’d rather have plain cash back, the BMO CashBack World Elite Mastercard pays 5% on your first $500 of groceries per statement cycle and 3% on gas and EV charging for a $139 annual fee that is usually waived in the first year.
The BMO CashBack® World Elite®* Mastercard®* earns up to 5% cash back on grocery purchases, plus elevated cash back earning rates on other popular spending categories.*
Earn when you apply through Frugal Flyer.
$480 cash back
$24,000
$605+
$139 (FYF)
Yes
Oct 31, 2026
This product also comes with similar roadside benefits, though its spending categories are a bit more complicated to understand and there are no partners to transfer the cashback to.
Conclusion
The BMO Blue Rewards World Elite Mastercard is a great first-year card and a niche keeper for Canadians who shop at Blue Rewards retailers a lot, or for people who want to transfer to VIPorter going forward.
With AIR MILES unfortunately going the way of the dinosaurs, it is good to see Blue Rewards continues to expand, and as the only new transferable currency in Canada, these are points that are useful to have.
Kirin Tsang
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