Everything You Need to Know About the BMO AIR MILES World Elite Mastercard

A Premium Option for Savvy Shoppers and Travelers

The BMO AIR MILES World Elite Mastercard is one of the leading credit cards in Canada, designed for individuals who are eager to earn rewards on their everyday spending. Whether you’re looking to travel more, enjoy exclusive perks, or simply get more out of your credit card, this premium Mastercard is packed with benefits to help you achieve your goals. In this article, we will dive deeper into the additional benefits of the card, the prerequisites to apply, a detailed FAQ section, and a step-by-step guide on how to request your BMO AIR MILES World Elite Mastercard.

More Reasons to Choose the BMO AIR MILES World Elite Mastercard

Earn Rewards on Everyday Spending

Besides earning AIR MILES on purchases with select partners, the BMO AIR MILES World Elite Mastercard allows cardholders to earn valuable rewards on virtually every purchase. For every $12 spent on qualifying purchases, cardholders earn 1 AIR MILE. This means that your regular spending—whether it’s on groceries, dining out, or shopping for essentials—can quickly add up to significant rewards. The more you use the card, the faster you’ll accumulate AIR MILES, and the closer you’ll get to exciting rewards.

Access to Premium Airport Lounges

Another incredible benefit of the BMO AIR MILES World Elite Mastercard is the exclusive access to airport lounges. With complimentary membership to the Mastercard Airport Experiences program, cardholders can relax in over 1,000 lounges worldwide. Whether you’re waiting for a flight or just want to unwind before your journey, access to these premium spaces allows you to enjoy refreshments, Wi-Fi, comfortable seating, and a quiet environment, all at no additional cost.

Earn Miles Faster with AIR MILES Partners

The BMO AIR MILES World Elite Mastercard is partnered with numerous businesses and retailers, offering bonus miles for purchases made with these partners. From restaurants to gas stations, the opportunities to earn bonus miles are endless. For example, when shopping with AIR MILES partners, you may earn 1.25 miles for every $12 spent. This makes it easier than ever to rack up rewards, especially when making purchases you were already planning to make.

Exclusive Shopping Discounts and Offers

Cardholders also benefit from exclusive offers at a range of retailers, which can provide significant savings. These offers include discounts on popular brands, seasonal sales, and other special promotions that can help you save money while earning AIR MILES. By utilizing these offers, cardholders can get the best of both worlds—saving money on purchases while also earning valuable rewards.

No Foreign Transaction Fees

For international travelers, one of the most important features of the BMO AIR MILES World Elite Mastercard is that it does not charge foreign transaction fees. This means you can use your card abroad without worrying about additional costs, which are typically charged by other credit cards. Whether you’re purchasing items from international retailers or paying for a hotel stay overseas, the lack of foreign transaction fees can help you save money while you travel.

Prerequisites for Applying for the BMO AIR MILES World Elite Mastercard

Before applying for the BMO AIR MILES World Elite Mastercard, there are a few important prerequisites to consider. These requirements ensure that you meet the eligibility criteria and increase your chances of being approved for the card.

• Minimum Income Requirement
  To qualify for the BMO AIR MILES World Elite Mastercard, applicants must meet specific income requirements. You must have a minimum annual income of at least $80,000 for an individual applicant or $150,000 for a household. This ensures that you are financially capable of managing a premium credit card and its associated benefits. If you do not meet the income threshold, there may be other BMO credit card options available to you.
• Good to Excellent Credit Score
  As a premium credit card, the BMO AIR MILES World Elite Mastercard is typically available to those with a good to excellent credit score. A score of 700 or higher is generally required, but the higher your score, the better your chances of approval. If your credit score is below the required threshold, you might want to work on improving it before applying.
• Canadian Residency
  You must be a permanent resident of Canada to apply for the BMO AIR MILES World Elite Mastercard. The card is specifically designed for Canadian residents, and you’ll need a Canadian address to complete the application.
• Age Requirement
  Applicants must be at least the age of majority in their province or territory. In most provinces, this means you must be at least 18 years old.

FAQ: Frequently Asked Questions

1. What is the annual fee for the BMO AIR MILES World Elite Mastercard?
The annual fee for the BMO AIR MILES World Elite Mastercard is $120. While this may be higher than other cards, the extensive benefits and rewards make it a worthwhile investment for frequent travelers and those looking to earn more rewards.

2. How long does it take to receive my AIR MILES after making a purchase?
AIR MILES will typically be added to your account within 2 to 3 business days after a purchase is made. However, it may take longer for transactions with certain partners, especially those that require additional processing time.

3. Can I use my AIR MILES for flights?
Yes, AIR MILES can be redeemed for flights, hotel stays, car rentals, and a wide range of merchandise. The flexibility of the rewards program makes it easy to redeem miles for your travel and lifestyle needs.

4. Is the BMO AIR MILES World Elite Mastercard accepted internationally?
Yes, the BMO AIR MILES World Elite Mastercard is accepted globally, making it an excellent option for those who travel abroad. Plus, with no foreign transaction fees, you’ll save on additional costs while using the card internationally.

Step-by-Step Guide to Apply for the BMO AIR MILES World Elite Mastercard

Step 1: Check Your Eligibility
Before applying, ensure that you meet the income and credit score requirements. Double-check that you are a Canadian resident, at least 18 years old, and that you have a good to excellent credit score.

Step 2: Gather Necessary Documents
Prepare the required documents for the application process. You may need to provide proof of income (e.g., pay stubs or tax returns), proof of identity, and your current address.

Step 3: Visit the BMO Website
Go to the official BMO website and navigate to the AIR MILES World Elite Mastercard section. Review all the card benefits and ensure that this is the right option for you.

Step 4: Complete the Application Form
Fill out the online application form, providing all required information. Be sure to enter accurate details to avoid delays or potential issues with your application.

Step 5: Submit Your Application
Once you’ve reviewed and completed the application, submit it for processing. BMO will review your application and notify you of your approval status, typically within a few days.

Step 6: Receive Your Card and Start Enjoying the Benefits
If your application is approved, you’ll receive your BMO AIR MILES World Elite Mastercard in the mail. Start using your card immediately to earn rewards and take advantage of the many exclusive perks it offers.

By following these steps, you can begin enjoying the premium benefits of the BMO AIR MILES World Elite Mastercard and make the most of your spending.

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BMO AIR MILES WORLD ELITE MASTERCARD

ACCELERATED AIR MILES REWARDS ACCESS TO PREMIUM AIRPORT LOUNGES

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