Overview of the BMO World Elite®* Business Mastercard®*

BMO World Elite®* Business Mastercard®*

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Earn rewards

4 points/$1

On gas, office supplies, cell phone/internet bill payments

1.5 points/$1

On every $1 you spend

BMO World Elite®* Business Mastercard®* details

Welcome bonus: earn over $1,500 in value! This includes up to 100,000 BMO Rewards Points – that’s a $669 value in the first year.
Annual fee: $149 (first year waived)
Reward: Earn 4x points on gas, office supplies, cell phone/internet bill payments, 1.5x points on every $1 you spend
Average point value: $0.007
Balance transfer offer: 0% per month for the first 9 months
Purchase interest rate: 17.99%
Cash advance interest rate: 22.99%
Balance transfer interest rate: 22.99%
Minimum income: $80K/yr
Household income: $150K/yr
Recommended credit score: 660+
Network: Mastercard
Provider: Bank of Montreal
Card type: Travel

Detailed card summary

Benefits & features

Welcome Offer: Get over $1,500 in value!* This includes up to 100,000 BMO Rewards Points – that’s a $669 value in the first year.*
0.00% introductory interest rate on Balance Transfers for 9 months with a 3% transfer fee.*
No annual fee for the first year*
Earn 4 BMO Rewards points for every $1 you spend on gas, office supplies and cell phone/internet bill payments*
Earn 1.5 BMO Rewards points for every $1 you spend*
Get up to 7 cents off per litre on all Shell^®± fuel*
Complimentary membership in Mastercard Travel Pass provided by DragonPass, with two annual complimentary passes*
25 payment grace days*
Get up to 22 additional cards so employees can easily make purchases on behalf of your business and help you earn points faster* (employee cards have an annual fee of $50)
Use your card at Costco locations across Canada*
Travel Protection*
Our Liability Waiver Program protects your business against employee card abuse*
Get cash advances at any BMO Bank of Montreal branch or at more than 1 million ATMs worldwide*
Worldwide Acceptance
Become A Cardholder & Get Access To Virtual On-Demand Healthcare With Maple*
BMO is not responsible for maintaining the content on this site. Please click on the go to site link for the most up to date information
*Terms and conditions apply.

How to redeem

How to get approved

Ratehub review

Natasha Macmillan

June 3, 2024

The BMO World Elite Business Mastercard is a great choice for small businesses. You’ll earn BMO points on common business expenses like gas, office supplies and internet bills.

Pros

Earn points on common business expenses: Unlike some other cards which reward the same amount of points regardless of the purchase category, the BMO World Elite Business card offers a high rate of 4 points per dollar on gas, office supplies, cell phone and internet bills. The base rate of 1.5 points per dollar is pretty generous, too
Earn flexible points: BMO points can be applied for travel bookings, merchandise, investments, gift cards and statement credits
Discounts: Get discounts on Shell fuel and automatic rebated when you shop at select merchants with your BMO World Elite Business card

Cons

Fee for additional cards: You’ll get up to 22 additional cards for employees, but you have to pay a $50 annual fee for each card, which can really add up – especially for small businesses
Point values: BMO points are most valuable for travel redemptions, so if you don’t plan on redeeming points for travel expenses and purely want to use them to pay off your card balance, you may want to go with another card

Legal

BMO is not responsible for maintaining the content on this site. Please click on the go to site link for the most up to date information
*Terms and conditions apply.
The value of up to $1,520 could be earned in the first year of Account opening and is based on the combined total value of:
- $149: The annual fee waiver for the first year.
- $182: Complimentary membership ($68) in Mastercard Travel Pass provided by DragonPass and two complimentary passes ($32 each) at an approximate exchange rate of $1.38 USD as of November 1, 2023 ($132 USD = $182 CAD).
- $520: Five free virtual care visits on Maple shared by you ($520 based on the approximate annual value of 5 GP / mental health therapy visits).
- $669: 100,000 BMO Rewards points based on the following requirements:
  - First-Use Bonus of 20,000 BMO Reward points earned when you make your first purchase with your card in the first 75 days after the account open date.
  - Monthly Bonus Offer: 8,000 BMO Reward Points per month when you spend at least $3,000 per month within month 3 – 12 (Month 3 starts on Day 76 and Month 12 ends Day 375) after the account open date.
BMO World Elite Business Mastercard applications must be received between June 3, 2024 and December 13, 2024 (the “Offer Period”) to be eligible for this offer. 20,000 BMO Rewards points will be applied to your BMO Rewards Collector Account only after the first eligible Purchase is made on the account (less refunds and excluding cash advances, cash-like transactions, interest charges, fees, credit or debit adjustments) in the first 75 days after the account open date, as long your account is open and in good standing at the time you qualify for the points. 20,000 BMO Rewards first-use bonus points will be credited to your Collector Account within three (3) business days following the qualifying spend. Receive additional 8,000 BMO monthly Rewards points after you spend a minimum of $3,000 (less refunds and excluding cash advances, cash-like transactions, interest charges, fees, credit or debit adjustments) per month within month 3 – 12 (Month 3 starts on Day 76 and Month 12 ends Day 375) after the account open date, as long your account is open and in good standing at the time you qualify for the additional points. BMO Rewards monthly bonus points will be credited to your Collector Account within seven (7) business days following the qualifying $3,000 net monthly spend. The primary cardholder’s annual fee of $149 will be rebated in the first year and will appear as a fee and a credit on the primary cardholder’s first statement. The primary cardholder’s annual card fee applies after the first year and will appear on your account statement twelve (12) months after the account open date. Your credit card account must be open and in Good Standing at the time the annual card fee rebate is awarded. If an additional cardholder is added to the account within the first year, the Additional Card annual fee of $50 per card will be charged at a prorated rate and will not be waived or rebated. This offer is not available to current or former BMO World Elite Business Mastercard cardholders who reinstate a closed account or open a new account during the “Offer Period”. Existing BMO credit card cardholders who transfer into this product during the Offer Period are not eligible for this offer. If you cancel your card within ninety (90) days of account opening, the welcome bonus will be cancelled. If you receive points in error, we reserve the right to deduct them from your points balance. This offer may be withdrawn or changed without notice.
You can redeem for travel rewards at bmorewards.com or by calling the BMO Rewards Centre. Points can be used to cover any applicable taxes and fees. If you don’t have enough points to redeem a particular travel reward, you can top up the number of points you need by purchasing those points on your card. There is no maximum top up amount for travel rewards. There is no online booking fee. We charge fees plus applicable taxes for each phone reservation, modification or cancellation of a travel reservation. For fees, please see the Important Information enclosure that is provided with your BMO credit card and any notice that we may provide you. Supplier fees for each change or cancellation to your travel arrangements may also apply and will be disclosed at the time of booking based on your specific travel reservation. Booking fees, change fees and cancellation fees are non-refundable. All travel rewards are subject to availability. Additional points or cash can be used to pay for all or a portion of the flight taxes and fees or a higher value flight.