Thursday, April 23, 2015

BMO World Elite MasterCard: FYF + $300 travel credit

Deal Link:
Expiry: May 31, 2015

BMO World Elite MasterCard is currently no annual fee for the first year. This is one of the best available Canadian credit cards in the market. Annual fee is $150 (FYF). It will be waived if you are a BMO Premium Plan member. Its key features are as follows:
  • 30,000 welcome bonus points = $300 travel credit
  • Points you can use to cover all flight charges & taxes
  • Fly on any airline, with no blackout dates
  • 2% back for travel on all card purchases (including Costco)
  • Redeem anytime via the BMO Rewards Centre - this is the only bad thing about this card
  • Best-in-class travel and medical insurance (up to $2 million and 21 days)
  • VIP airport lounge access (Priority Pass membershi and 4 visits, over $200 US/year value)
  • Free additional cards
I think the the yearly PP lounge membership and 4 passes alone cover the annual fee of this credit card. BTW, this card cannot be churned (you can only get the $300 credit once in your lifetime).