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The BMO AIR MILES World Elite Business Mastercard earns 4x AIR MILES for every $12 spent at AIR MILES partners.
Rewards Rates
The BMO AIR MILES World Elite Business Mastercard earns AIR MILES for all purchases made on the card:
- 4 AIR MILES for every $12 spent on purchases at Air Miles partners.
- 1 AIR MILE for every $12 spent on all other purchases.
The full list of eligible AIR MILES partners can be found here.
Redeeming AIR MILES
AIR MILES can be earned as either Cash Miles or Dream Miles. AIR MILES members can set their balance preference to determine what percentage of their AIR MILES earned go to Cash Miles and Dream Miles.
Cash miles can be redeemed at a rate of 95 Air Miles = $10 CAD towards purchases at partners such as Shell and more. They can also be redeemed for eVouchers at various partners, such as Spotify and Uber Eats.
Dream miles can be redeemed for flights, hotels, car rentals, and merchandise at various rates. If you are an AIR MILES Onyx collector member, you can redeem dream miles through the AIR MILES Onyx personal shopper service which allows you to use your miles for anything you desire.
AIR MILES can also be transferred between Cash Miles and Dream Miles at a ratio of 1:1. AIR MILES Blue collectors can move up to 500 Miles per calendar year, Gold collectors can move up to 3,000 Miles per day with unlimited transfers, and Onyx collectors can move up to 3,500 Miles per day with unlimited transfers.
Benefits
Up To 7₵/L Discount on Fuel at Shell
Cardholders who link their BMO AIR MILES World Elite Business Mastercard with their AIR MILES collector number will receive a $0.02 per litre discount on regular fuel (Shell Bronze and Shell Silver) and a $0.07 per litre discount on premium fuel (Shell V-Power NiTRO+ or Shell V-Power NiTRO+ 91 or Shell VPower NiTRO+ 93) purchased at Shell gas stations. This discount is available up to a maximum of 1,000 litres per month.
Insurance Coverage
The BMO AIR MILES World Elite Business Mastercard offers several types of insurance coverage:
- Out-of-province or country emergency medical insurance: $5,000,000 coverage for the first 15 days of any out-of-province trips for travelers aged 64 or under
- Trip cancellation insurance: $1,500 per covered person per trip, up to an overall $5,000 maximum
- Trip interruption & trip delay insurance: $2,000 per covered person per trip, up to an overall $10,000 maximum
- Rental car collision and loss damage insurance: Comprehensive coverage for cars up to $65,000 MSRP
- Common carrier insurance: $500,000 of accidental death and dismemberment coverage
- Flight delay insurance: $500 per trip for all insured persons combined in the event of a flight delay of more than four hours
- Lost, stolen, or damaged baggage insurance: $500 per person coverage for emergency purchases when your baggage is lost or delayed, up to an overall maximum of $1,000 per trip
- Baggage delay insurance: $500 per person coverage for emergency purchases when your baggage is lost or delayed, up to an overall maximum of $2,000 per trip
- Hotel burglary insurance: $1,000 coverage for stolen items per occurrence
- Purchase security: Coverage for accidental physical damage or theft for 90 days from the date of purchase
- Extended warranty insurance: Extend the manufacturer’s original warranty up to one additional year
Refer to the BMO AIR MILES World Elite Business Mastercard certificate of insurance for additional details, including terms and conditions for eligibility.
Top BMO Business Cards
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100,000 BMO Rewards and $75 FlyerFunds Estimated value: $745 Ends Dec 13, 2025 |
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1,000 AIR MILES and $75 FlyerFunds Estimated value: $225 Ends Dec 13, 2025 |
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150 cash back and $75 FlyerFunds Estimated value: $225 Ends Dec 13, 2025 |
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