Who this card is for
A good fit if you…
- Households that will actually shop participating Blue Rewards partners — travel booked through that Expedia portal, plus Fairmont, Dollarama, Instacart, and Pharmasave — often enough for 10 points per $1 to matter inside a $25,000 annual cap.
- People who also put grocery, gas, EV charging, wholesale-club, and alcohol spend on this Mastercard for the 2-points-per-dollar bucket.
- Applicants with at least $80,000 in personal income or $150,000 in household income, who are Canadian citizens or permanent residents, have reached the age of majority, have not declared bankruptcy in the past seven years, and will use the first-year fee waiver.
- Former AIR MILES World Elite cardholders who understand they now collect Blue Points, not Collector Miles, and will learn the new partner list rather than assume the old $12 earn blocks still apply.
Skip it if you…
- Anyone who wanted 5% grocery cash back as dollars. That is BMO CashBack World Elite, a different currency and a simpler statement credit.
- People whose monthly spend is grocery and nothing in the partner network. Then 2 points per dollar is a weak grocery product next to CashBack World Elite’s percentage, and it stops at $500 per category per statement period.
- Applicants who do not need World Elite extras. The no-fee Blue Rewards Mastercard earns 5 points per $1 at partners and 1 point on everyday categories, at $0.
- Current or former BMO Blue Rewards cardholders who would reinstate a closed account or open the same card again during the offer, and existing BMO cardholders who would transfer into this product. The welcome is not available to either group.
Pros and cons
Pros
- 10 Blue Points per $1 at participating partners, on up to $25,000 in combined partner purchases per calendar year, is the earn story.
- 2 points per $1 on grocery, gas, EV charging, wholesale clubs, and liquor stores in Canada covers Costco-style and supermarket spend, on up to $500 per category per statement period.
- 1 point per $1 on everything else, including purchases above the caps, is printed in the card’s features.
- The current welcome is up to $1,600 for applications received between June 2, 2026 and October 31, 2027, including up to 100,000 Bonus Points and a first-year fee rebate.
- World Elite Mastercard acceptance includes Costco Canada. Four complimentary DragonPass lounge passes a year, roadside assistance, and a first-year NEXUS credit are part of the same package.
Cons
- 10 points per dollar only fires at participating partners, and only on the first $25,000 of combined partner purchases each calendar year. A thin partner list turns this into a capped 2-point grocery card with a $150 fee.
- Each additional card is $50 a year, rebated in the first year only if it is added when you apply. After that, a household of extras is a real cost.
- Blue Points are not cash back and not Aeroplan. BMO’s in-store and eGift anchor is 1,500 Points = $10, which is how the 100,000-point piece is priced at up to $665 inside the $1,600 bundle.
- Out-of-province emergency medical is up to $5 million per covered person, per trip, for up to 15 consecutive days if you are 64 or younger. Coverage also includes trip cancellation (up to $1,500 per covered person, $5,000 per account per trip), trip interruption (up to $2,000 per covered person, $10,000 per account per trip), flight delay up to $500 per account per trip, baggage insurance, hotel burglary up to $1,000, common carrier coverage up to $500,000, car rental collision coverage (MSRP up to $65,000), 90-day purchase security, and an extended warranty of up to 1 year. Read the certificate.
- Bonus Points may be cancelled if the card is cancelled within 365 days of opening. The welcome also excludes current or former Blue Rewards cardholders who reinstate or reopen the same card, and existing BMO cardholders who transfer in.
Fees and value: is the annual fee worth it?
First-year snapshot (estimate)
- Annual fee
- $150
- Estimated welcome bonus value
- up to $1,600
- Bonus minus fee (estimate)
- $1,450
This is a simple comparison of the estimated welcome-bonus value against the annual fee. It ignores rewards on spending, credits you have to remember to use, and interest if you carry a balance. Offers change — verify with the issuer.
The annual fee is $150, waived in the first year. It can also be rebated each year with a BMO Premium Chequing Account if you meet the minimum annual spend.
The welcome-value estimate is up to $1,600, which is what the first-year snapshot on this page uses. Year one only looks good if you are eligible for that wrap and will use the points, the NEXUS credit, the lounge passes, and Instacart.
Year two is the full $150 versus 10 points per $1 at partners you actually visit (up to $25,000 a year) and 2 points per $1 on grocery, gas, EV, wholesale, and alcohol (up to $500 per category per statement period). If those partners are not in your week, CashBack World Elite’s grocery percentage or the $0 Blue Rewards card is the honest BMO product.
The offer runs through October 31, 2027. Pay in full.
Rewards and earn rates explained
Rewards program: Blue Rewards Points
This card earns Blue Rewards points, BMO’s successor to AIR MILES — not Collector Miles, not Eclipse’s BMO Rewards, and not CashBack dollars. Participating partners, including travel booked through Blue Rewards Travel (powered by Expedia), Fairmont, Dollarama, Instacart, and Pharmasave, earn 10 points per $1 on up to $25,000 in combined partner purchases per calendar year.
Grocery stores, gas stations and EV charging, wholesale clubs, and liquor stores in Canada earn 2 points per $1 on up to $500 per category per statement period. Everything else, including purchases above the caps, earns 1 point per $1.
Showing a Blue Rewards Member Card at partners can earn extra points. Redeem 1,500 Points = $10 in store or on eGift Cards, or for travel, merchandise, and more.
Also on the card: a DragonPass membership with 4 complimentary lounge passes per calendar year (then US$32 per visit), BMO Roadside Assistance (battery boosts, flat-tire changes, lockout, and towing; BMO’s market value is $75 a year), a $200 NEXUS statement credit in the first year, 6 months of Instacart+ plus a $10 monthly Instacart credit, a FlexiRoam eSIM data offer, and 20% off Cirque du Soleil shows in Canada. If you want statement-credit cash back, compare CashBack World Elite.
If you want 5x BMO Rewards on groceries, dining, gas, and transit, that is Eclipse Visa Infinite.
Welcome bonus: how to unlock it
Up to $1,600 value incl. up to 100,000 Blue Points + FY fee rebate
For applications received between June 2, 2026 and October 31, 2027, BMO advertises up to $1,600 in value. The points piece is up to 100,000 Bonus Points, worth up to $665 at the in-store and eGift rate of 1,500 Points = $10: 45,000 points after $5,000 in net purchases in the first 110 days, another 20,000 after $10,000 in the first 180 days, and another 35,000 after $20,000 in the first 365 days.
The rest of the $1,600 is an up-to-$200 NEXUS statement credit in the first year, the first-year fee rebate ($150 primary, plus $50 per additional card added at application), 4 DragonPass lounge passes (BMO values up to $268), 6 months of Instacart+ with a $10 monthly credit (BMO values up to $200; activate by October 31, 2027), and BMO Roadside Assistance (BMO’s market value $75). There is also a 0% introductory rate on balance transfers for 12 months with a 2% transfer fee.
Current or former Blue Rewards cardholders who reinstate or reopen the same card during the offer, and existing BMO cardholders who transfer into this product, are not eligible. Points may be cancelled if you cancel within 365 days.
Do not force extra spend to chase points if partner and grocery spend were not already in the budget.
Welcome bonus eligibility: Applications must be received between June 2, 2026 and October 31, 2027. Not available to current or former BMO Blue Rewards cardholders who reinstate a closed account or open a new account for the same card during the Offer Period, or to existing BMO credit card cardholders who transfer into this product. Bonus Points may be cancelled if the card is cancelled within 365 days of opening.
FAQ
Is the BMO Blue Rewards World Elite Mastercard worth it in 2026?
It is worth it when you will use 10 points per $1 at partners inside the $25,000 cap, 2 points on grocery, gas, and wholesale inside the $500-per-category statement cap, and the first-year fee waiver. It is not worth it as a 5% grocery cash-back substitute.
Blue Rewards vs the old BMO AIR MILES World Elite card?
Same issuer family, new currency. The old cobrand earned AIR MILES in $12 blocks. This card earns Blue Points: 10 per $1 at partners up to $25,000 a year, 2 per $1 on grocery, gas, EV, wholesale, and alcohol up to $500 per category per statement period, and 1 per $1 on everything else. If you still hold a legacy AIR MILES BMO card, ask BMO how a product change affects the welcome before you apply.
Blue Rewards World Elite vs the no-fee Blue Rewards Mastercard?
The no-fee Blue Rewards Mastercard earns 5 points per $1 at partners (up to $15,000 a year) and 1 point on everyday categories, with no annual fee. World Elite is the 10-points-per-dollar partner product with a $150 fee, a first-year waiver, $80,000 / $150,000 income, and the lounge and roadside extras.
Choose World Elite if partner spend is real and you qualify. Choose the $0 card if you only wanted to stay in Blue Rewards.
Blue Rewards World Elite vs BMO CashBack World Elite?
CashBack World Elite pays grocery cash back as statement credits. Blue Rewards pays points that want partners and a travel portal. Choose CashBack if you want dollars at any grocer that codes as grocery. Choose Blue Rewards if the partner list and the travel portal are how you already shop.
Does this card charge foreign-exchange fees?
Foreign-currency purchases are converted at the payment network’s exchange rate plus 2.50%. This is a points card, not a no-FX Passport. For overseas spend, compare Scotiabank Passport Visa Infinite.
Compare related cards and guides
More Canadian credit card lists that match this product, plus a few cards people usually compare it with.
- BMO Blue Rewards Mastercard review · BMO · $0 annual fee
- BMO CashBack World Elite Mastercard review · BMO · $139 annual fee
- BMO Eclipse Visa Infinite Card review · BMO · $120 annual fee
