Reviewed by Jen, founder of MoneyMint · Updated September 25, 2026
BMO Blue Rewards World Elite Mastercard
Our take: strongest for groceries and gas — about 1.34% back in value (est.) for $150 a year, plus a welcome bonus we value at roughly $670.
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The BMO Blue Rewards World Elite Mastercard is BMO’s premium rewards card built around Blue Rewards, the points program that replaced AIR MILES on BMO cards in summer 2026. It earns points on everyday spending with accelerated rates at grocery, gas, and Blue Rewards Partner merchants, paired with World Elite-level travel insurance and airport lounge access. The $150 annual fee (waived the first year, and rebated every year for BMO Premium Chequing customers) and a $80,000 personal / $150,000 household income requirement position it toward higher-spending households. Because both the card and the Blue Rewards program are new as of 2026, some program mechanics and long-term redemption value are still settling — worth keeping in mind before comparing it directly against established travel rewards programs.
MoneyMint rating
#28 of 30 travel rewards cards · How we rate
≈ $745
estimated first-year value after the annual fee, on a typical $2,050/month budget. Points are converted to dollars using MoneyMint’s own valuations — see our points value calculator for how each program is valued. See it for your spending →
Not Sure? Three Cards People Compare It With
BMO Ascend World Elite Business Mastercard
Pick this instead if you want a bigger welcome bonus (~$1,005 est.).
Fee $175Rating 3.4 ★Bonus $1,005
RBC Avion Visa Business Card
Pick this instead if most of your spending is groceries (~1.6% est.).
Fee $120Rating 3.4 ★Bonus $320
CIBC Aeroplan Visa Card
Pick this instead if you want no annual fee at all.
Fee $0Rating 4.2 ★Bonus $200
BMO Blue Rewards World Elite Mastercard
Best for groceries and gas · $150/year · ~$670 welcome bonus (est.)
This is general information, not personalized financial advice — consider your own spending habits and consult a professional for decisions specific to your situation. Rates, fees, and offers are set by BMO and can change without notice; always confirm current terms on the issuer’s official page before applying.
Frequently Asked Questions
What is the annual fee for the BMO Blue Rewards World Elite Mastercard?
The BMO Blue Rewards World Elite Mastercard has an annual fee of $150, waived in the first year. BMO rebates the fee every year for BMO Premium Chequing Account holders (checked on bmo.com, September 25, 2026).
What is the rewards rate on the BMO Blue Rewards World Elite Mastercard?
The BMO Blue Rewards World Elite Mastercard offers: 1 point per $1 on general purchases; 2 pts/$1 on groceries, gas, EV charging, wholesale clubs, alcohol (capped $500/category per statement cycle); 10 pts/$1 at participating Blue Rewards Partners including Blue Rewards Travel via Expedia (capped at $25,000 in net purchases per calendar year)
Does the BMO Blue Rewards World Elite Mastercard have a welcome bonus?
Up to 100,000 BMO Blue Rewards points + $200 NEXUS statement credit in year one Reported structure: 45,000 pts after $5,000 spend in 110 days; +20,000 pts after $10,000 spend in 180 days; +35,000 pts after $20,000 spend in 365 days. Sources do not clarify whether the $10,000/$20,000 thresholds are cumulative or incremental — confirm against BMO’s official terms before you apply. New program as of mid-2026; point redemption value varies by redemption type (roughly 0.667 cents/point baseline).
What credit score do I need to qualify for the BMO Blue Rewards World Elite Mastercard?
Generally, you’ll want a very good credit score to be considered for the BMO Blue Rewards World Elite Mastercard. Approval also depends on income and overall credit history, not credit score alone.
Does the BMO Blue Rewards World Elite Mastercard charge foreign transaction fees?
2.5%