Pros & Cons
Pros
- +First Year Annual Fee Rebate ($175 annual fee rebated)
- +Purchase protection included
- +Travel medical insurance included
Cons
- –Foreign Transaction Fee (2.5%)
- –No airport lounge access despite fee
Our Review
The BMO Blue Rewards World Elite Business Mastercard (formerly AIR MILES) earns a base rate of 1.25 Blue points per dollar on all purchases.
It offers 2.5 points per dollar on gas and electric vehicle charging (up to $1,000 in net purchases per statement cycle), and 10 times the points (12.5 pts/$) at Blue Rewards partners (Pharmasave, Global Pet Foods, etc.) and through the Blue Rewards Travel platform powered by Expedia, up to $25,000 in net purchases per calendar year. Beyond that cap, purchases earn the base rate.
Benefits: Mastercard Travel Pass (DragonPass) membership with 4 lounge passes per year, 5 Maple consultations, travel insurance (medical, rental car collision, cancellation/interruption), purchase protection, and extended warranty. $175 annual fee (waived in the first year).
Rewards
All Spending
1.25x
pts per dollar
Gas
2.5x
pts per dollar
Credit Card Rewards Calculator
See how much you could earn with this card based on your spending.
Points Earned
40,500
pts/yr
Estimated Value
$405
After Fees
+$405
1st Year Value
$405
incl. welcome bonus
Annual rewards breakdown
First-year advantages
- $175
Travel Insurance
Travel Medical
Included
Trip Cancellation
Included
Trip Interruption
Included
Purchase Protection
Purchase Protection
Included
Extended Warranty
+1 year(s)
Auto Rental
Included
Fees and interest rates
- Annual Fee$175
First Year Annual Fee Rebate
- Foreign currency conversion fee2.5%
- Purchase Rate20.99%
- Cash advance rate23.99%
Eligibility
Personal Income
$80,000
Household Income
$150,000
Terms & Conditions
Card Features
Welcome offer: get up to $1,760 in value in the first year. Applications must be received between June 2, 2026 and September 6, 2026.
- 45,000 bonus points after $5,000 in net purchases within the first 110 days;
- 30,000 bonus points after $18,000 in net purchases within the first 180 days;
- 45,000 bonus points after $35,000 in net purchases within the first 365 days (120,000 points in total, worth up to $800);
- $175 primary cardholder annual fee waived in the first year;
- up to $520 in value with Maple (5 virtual care visits per calendar year);
- up to $268 with Mastercard Travel Pass provided by DragonPass (membership + 4 lounge passes per calendar year).
Earning: 12.5 Blue Points per dollar at participating Blue Rewards Partners, up to $25,000 in net purchases per calendar year; 2.5 points per dollar on gas and electric vehicle charging, up to $1,000 in net purchases per statement cycle; 1.25 points per dollar on all other purchases.
The $50 annual fee for each Additional Card added during the first year is charged on a prorated basis and is not rebated. Minimum annual income of $80,000 (individual), $150,000 (household), $250,000 (business income), or $400,000 (assets under management).
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Conditions apply. All information is believed accurate but not guaranteed. Card details, rewards, and offers are subject to change at any time. Always verify the latest terms on the issuer’s website before applying. Fatima Flying Free may receive compensation through affiliate links. This does not affect our editorial choices or card rankings. © 2026 BMO. All trademarks are property of their respective owners.