VaultNerd
BMO Blue Rewards World Elite Mastercard
rewards3.9 / 5

BMO Blue Rewards World Elite Mastercard

BMO

Best for

BMO loyalists and regular shoppers at Blue Rewards partner stores who want simple everyday redemptions.

Apply on BMO
Annual fee
$150
FX fee
2.5%
Purchase APR
21.99%
Income req.
$80,000 personal / $150,000 household
Recommended credit score
725+
Approval difficulty
Hard approval

VaultNerd estimate based on the card's tier and income requirements — not an official issuer cutoff. Approval also depends on income, debt, and credit history.

Our verdict

The flagship card of BMO's brand-new Blue Rewards program (launched June 2026) offers huge partner multipliers and a strong first-year package, though the points are everyday-value rather than premium-travel currency.

Reward rates

Blue Rewards partners (incl. Blue Rewards Travel)
At 400+ participating partners; 10x capped at $1,000 in spend per billing cycle
10x
Groceries, wholesale clubs & alcohol
Capped at $500 per category per statement period
2x
Gas & EV charging
Capped at $500 per category per statement period
2x
Everything else
1x

VaultNerd values these points at ~0.67¢ each.

Welcome bonus

~$1,020 value

Up to $1,600 in value: up to 100,000 bonus Blue Points (worth about $665), up to $200 NEXUS statement credit in year one, and no annual fee in the first year

Requirement: Tiered: 45,000 points after $5,000 in 110 days, 20,000 after $10,000 in 180 days, 35,000 after $20,000 in 365 days; apply by October 31, 2026

Pros

  • Outstanding 6.7% effective return at Blue Rewards partners
  • Rare 0% balance transfer promo for 12 months
  • Solid World Elite perks: lounge passes, NEXUS credit, roadside assistance

Cons

  • Blue Points are worth only ~0.67 cents and can't transfer to airlines
  • 10x partner earn capped at $1,000 spend per cycle
  • High spend required for the full 100,000-point bonus

Perks

  • 10x Blue Points at 400+ Blue Rewards partners (Pharmasave, Irving Oil, TIMBER MART, Budget and more)
  • Mastercard Travel Pass (DragonPass) with 4 free lounge passes per year
  • 0% introductory balance transfer rate for 12 months (2% fee)
  • Complimentary roadside assistance (Dominion Automobile Association)
  • Six months of Instacart+ plus $10 monthly Instacart credit (enrollment required)
  • Up to $200 NEXUS statement credit in the first year

Insurance

  • Out-of-province/country emergency medical up to $5 million (15 days)
  • Car rental collision/loss damage insurance
  • Extended warranty insurance
  • Purchase protection
Disclaimer: This article is for informational purposes only and does not constitute financial, tax, or legal advice. Information may be simplified, incomplete, or out of date. Consult a licensed professional before making financial decisions. VaultNerd may receive compensation from partners featured on this site — this does not influence our editorial content.
Written by
The VaultNerd Team

Researching and writing about Canadian credit cards and rewards since 2026.

Cite this page

“BMO Blue Rewards World Elite Mastercard Review — VaultNerd” — VaultNerd, https://www.vaultnerd.com/credit-cards/bmo-blue-rewards-world-elite, updated June 2026.

Sources
  • BMO cardholder agreement and rates & fees disclosure
  • VaultNerd cards database