Thursday, February 4, 2021

BMO AIR MILES World Elite Mastercard Changes

Starting May 2021, as a BMO AIR MILES WEMC cardholder, you can get 3x the Air Miles on groceries, gas and more at participating AIR MILES Partners (the partners list).Everywhere else you use your card to make a purchase, you’ll get 1 Mile for every $12 you spend. I think this is better than the current rewards program.

There is change to Mastercard Airport Experiences provided by LoungeKey too. You can continue to enjoy complimentary membership in Mastercard Airport Experiences provided by LoungeKey, with exclusive VIP access. But, the two annual complementary passes will no longer be provided with this membership.

Beginning on your May 2021 statement, the standard interest rate for purchases, fees, and other charges will be increasing from 19.99% to 20.99%.5 Any promotional rates, default rates, or other non-standard rates will not be impacted by this change.

As of May 3rd, the fee charged for cash advances, cash-like transactions and bill payments in/outside of Canada is changing from a $5 fee to 1% of the transaction amount with a minimum fee of $5.