travel4.0 / 5

BMO VIPorter World Elite Mastercard

BMO

Best for

Regular Porter Airlines flyers who can use the companion pass and bag benefits every year.

Apply on BMO

Annual fee

$199

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

If you fly Porter even a few times a year, the companion pass, free bags, and seat selection easily outweigh the fee; for everyone else, a flexible-points card makes more sense.

Reward rates

Porter Airlines purchases Hotel accommodations earn 2 points per $1	3x
Everyday travel (gas & transportation)	2x
Groceries	2x
Dining	2x
Everything else	1x

Welcome bonus

~$810 value

Up to 70,000 VIPorter points plus an annual round-trip companion pass and first year free (creditcardGenius estimated value)

Requirement: Earn full points with $18,000 spend in the first year; companion pass unlocked at $9,000 spend in the first 6 months

Pros

Companion pass and free bags deliver real value for Porter flyers
Comprehensive travel insurance package
Strong earn on Porter and everyday categories

Cons

Points usable only on Porter (plus Air Transat and Alaska partners)
High spend thresholds to unlock the full welcome offer
$199 annual fee after year one

Perks

Annual round-trip companion pass (pay only taxes and fees)
1 free checked bag and free carry-on for you and up to 8 companions
Free PorterClassic seat selection, early boarding, and dedicated check-in
Automatic VIPorter Avid Traveller status; earn $1 qualifying spend per $25 on card
Mastercard Travel Pass membership (lounge access at US$32/visit)
VIPorter points never expire while your account is open

Insurance

Out-of-province/country emergency medical insurance (21 days)
Trip cancellation/interruption/delay insurance
Car rental collision/loss damage insurance
Common carrier, flight delay and baggage insurance
Hotel burglary insurance
Extended warranty and 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 Information may be simplified, incomplete, or out of date.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 VIPorter World Elite Mastercard Review — VaultNerd” — VaultNerd, https://www.vaultnerd.com/credit-cards/bmo-viporter-world-elite, updated June 2026.

Sources

BMO cardholder agreement and rates & fees disclosure
VaultNerd cards database