BMO World Elite Mastercard Review 2025, Canada’s Leading Travel Rewards Card with Lounge Access and Comprehensive Insurance

The BMO World Elite Mastercard remains one of Canada’s top travel rewards cards in 2025, blending a generous points structure with strong insurance and airport lounge access. Tailored for Canadian travellers who want premium perks without the fuss, this card converts everyday spending into trips, upgrades and travel peace of mind.

Why Canadian travellers choose the BMO World Elite Mastercard

The BMO World Elite Mastercard stands out for earning 3 BMO Rewards points per $1 on travel, dining and entertainment, 2 points on groceries and 1 point on all other purchases. That mix suits Canadians who split spending between city life in Toronto or Vancouver and frequent getaways.

Cardholders also get complimentary LoungeKey access to over 1,000 airport lounges worldwide, plus concierge service and purchase protections. Those perks make the card attractive for frequent flyers who value comfort and protection on the road.

Rewards, redemptions and how to maximise points

BMO Rewards points are flexible: redeem for flights, hotels, vacation packages or merchandise through the BMO Rewards portal, and points don’t expire while your account remains in good standing. To extract the most value, prioritise card use for travel and dining and combine points redemptions with promotional offers.

Use the card for family vacations or large travel bookings to accelerate earnings, and watch for seasonal multipliers and airline transfer partners that boost value. Consistent use for everyday purchases in Canada turns routine bills into meaningful travel credit.

Travel protections, lounges and premium perks

Comprehensive travel insurance is a headline feature of the BMO World Elite Mastercard, including emergency medical coverage for trips up to 21 days, trip cancellation and interruption benefits, flight and baggage delay protection, and rental car collision coverage. These protections are designed for Canadians who travel domestically and abroad and want reliable coverage without buying separate policies.

LoungeKey membership grants access to airport lounges across continents, improving layovers and departures, while the 24/7 concierge helps with reservations and event access. Plus, the absence of foreign transaction fees on purchases abroad makes international spending cleaner and cheaper for Canadian travellers.

Fees, eligibility and who should apply

The card carries an annual fee of $150 and additional card fees for supplementary cards, which is often offset by frequent travellers through points and lounge value. Applicants should consider their travel frequency and spending habits to determine if the rewards outweigh the annual cost.

There is a minimum income requirement and a credit score expectation, so review BMO’s current eligibility criteria before applying. If you travel regularly, spend on dining and travel, and value insurance and lounge access, the BMO World Elite Mastercard remains a smart, Canadian-friendly choice for 2025.