Reviewed by Jen, founder of MoneyMint · Updated September 25, 2026

BMO (Bank of Montreal)Porter Airlines Co-Brand

BMO VIPorter World Elite Mastercard

Our take: strongest for groceries and gas — about 3% back in value (est.) for $199 a year, plus a welcome bonus we value at roughly $1,050.

Welcome bonusEarn up to 70,000 VIPorter points plus an annual companion pass in your first year.

Apply on BMO’s site →

Goes straight to BMO
Our review

The BMO VIPorter World Elite Mastercard is BMO’s premium co-brand card with Porter Airlines, launched in March 2025. It offers an elevated earn rate on Porter purchases, a first-year companion pass, priority boarding, and discounted lounge access — but it carries a $199 annual fee, a $80,000/$150,000 income requirement, and its most valuable ongoing perk (an annual companion pass) requires $50,000 in yearly spend to keep earning after year one.

4.2out of 5

MoneyMint rating

#7 of 30 travel rewards cards · How we rate

Rewards value

6/10

Insurance

10/10

Flexibility

8/10

Welcome bonus

10/10

Fee value

10/10

Perks

2/10

≈ $1,436

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 →

At a Glance

Annual Fee

$199/year (first year waived)

Welcome Bonus

Up to 70,000 VIPorter points + companion passoffer (applications by October 31, 2027)

Rewards

~3%on groceries (est. value)

Rewards Rate

3 pts/$1 on Porter, 2 pts/$1 on select categories

Foreign Transaction Fee

2.5%

Credit Score Needed

Good to Excellent

Purchase APR 21.99%

Pros & Cons

Pros

3 points per $1 on Porter Airlines purchases; 2 points per $1 on gas/transportation, groceries/dining, and hotels
Welcome offer of up to 70,000 VIPorter points plus a first-year round-trip companion pass
Automatic Avid Traveller status in the Porter VIPorter program on approval, no minimum flying required
Complimentary checked bag and carry-on, plus priority check-in, security, and boarding on Porter flights
Strong emergency medical travel insurance: up to 21 days per trip, up to $5 million coverage
First-year annual fee waived

Cons

$199 annual fee after year one, plus a $80,000 personal / $150,000 household income requirement
Lounge access is discounted pay-per-visit (US$32 via Mastercard Travel Pass/DragonPass), not complimentary or unlimited
Ongoing annual companion pass (beyond year one) requires $50,000 in card spend per year — unrealistic for most cardholders
Points are most useful for Porter travel specifically — a newer, single-airline co-brand program with a smaller route network than Aeroplan or WestJet
Bonus-category earn rates (2x) are capped annually, though exact per-category caps vary by source and should be confirmed
A relatively new program (launched March 2025) with less track record than legacy airline co-brand cards

Rewards & Earn Rates

Porter Airlines purchases3 pts/$1capped annually — confirm exact cap with BMO

Gas & transportation2 pts/$1

Groceries & dining2 pts/$1

Hotels2 pts/$1

All other purchases1 pt/$1

The first-year welcome companion pass (after $9,000 in spend within 180 days) is a completely different, much easier benefit than the ongoing annual companion pass, which requires $50,000 in spend every year after that — don’t confuse the two when evaluating this card’s ongoing value.

Who It’s For

Best for

Frequent Porter Airlines flyers who can meet the $80,000/$150,000 income requirement
Travelers who’ll use the first-year welcome companion pass and want an elevated earn rate on Porter spend
Cardholders comfortable with pay-per-visit (not complimentary) lounge access

Not ideal for

Anyone who doesn’t fly Porter regularly — the card’s best perks are tied specifically to that airline
Cardholders who won’t reach $50,000/year in spend and want the companion pass every year, not just year one
Travelers who want free (not pay-per-visit) airport lounge access

Not Sure? Three Cards People Compare It With

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Marriott Bonvoy American Express Card

Pick this instead if you want a lower annual fee ($120).

Fee $120Rating 3.8 ★Bonus $630

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American Express Aeroplan Card

Pick this instead if you want a lower annual fee ($120).

Fee $120Rating 3.8 ★Bonus $900

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Marriott Bonvoy Business American Express Card

Pick this instead if most of your spending is travel (~4.5% est.).

Fee $150Rating 4.2 ★Bonus $720

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4.2MoneyMint rating

BMO VIPorter World Elite Mastercard

Best for groceries and gas · $199/year · ~$1,050 welcome bonus (est.)

Apply on BMO’s site →Find a better fit

Jen, founder of MoneyMint

Reviewed by Jen. Every figure on this page was checked against BMO’s official card page on September 25, 2026. How we rate cards →

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 (Bank of Montreal) 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 VIPorter World Elite Mastercard?

The BMO VIPorter World Elite Mastercard has an annual fee of $199/year, first year waived; $75/year per additional cardholder.

What is the rewards rate on the BMO VIPorter World Elite Mastercard?

The BMO VIPorter World Elite Mastercard offers: 3 VIPorter points per $1 on Porter Airlines purchases; 2 points per $1 on gas/transportation, groceries/dining, and hotels (each category subject to an annual spending cap — confirm exact cap with BMO); 1 point per $1 on all other purchases.

Does the BMO VIPorter World Elite Mastercard have a welcome bonus?

Up to 70,000 VIPorter points in tiers (20,000 after $5,000/110 days; 20,000 + companion pass after $9,000 cumulative/180 days; 30,000 after $18,000 cumulative/365 days), plus $1,000 in Qualifying Spend toward VIPorter Avid Traveller status. Applications must be received by October 31, 2027, per BMO’s offer terms.

What credit score do I need to qualify for the BMO VIPorter World Elite Mastercard?

Generally, you’ll want a good credit score to be considered for the BMO VIPorter World Elite Mastercard. Approval also depends on income and overall credit history, not credit score alone.

Does the BMO VIPorter World Elite Mastercard charge foreign transaction fees?

2.5%