BMO Blue Rewards World Elite®* Business Mastercard®*

Pros & Cons

Pros

+First Year Annual Fee Rebate ($175 annual fee rebated)

Cons

–Foreign Transaction Fee (2.5%)
–No airport lounge access despite fee
–No purchase protection

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).

Fees and interest rates

Annual Fee
First Year Annual Fee Rebate
$175
Foreign currency conversion fee
2.5%
Purchase Rate
20.99%
Cash advance rate
23.99%

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).