BMO · Mastercard
Business card
$175, waived in year one, for BMO's new Blue Rewards programme. It replaced Air Miles in June 2026, so there is no track record to judge it on.
Rates and features verified 2026-08-18Full terms and conditionsHow we research cards
What we like, and what we don’t
Worth having
- The $175 fee is waived in the first year
- 10 times the base rate at Blue Rewards Partners
- 2 times the base rate on gas and EV charging
- $5,000,000 of travel medical cover and rental car collision damage
- Four airport lounge passes
- BMO publishes a fixed value, 1,500 Blue Points to $10, so the rate is knowable
Watch out for
- The programme launched in June 2026 replacing Air Miles, so the partner list and its value are unproven
- The 12.5 point travel rate applies only inside BMO's Expedia channel, not to travel bought anywhere else
- At BMO's own published value the base rate of 1.25 points a dollar is about 0.8%
- BMO's stale Air Miles business page is still live and still advertises the old $149 fee
- Travel medical runs 15 days
What this card earns
- Gas
- 2.5x
- Travel
- 12.5x
- Everything else
- 1.25x
- Bonus categories at once
- 12 you choose which
- What we value a point at
- 0.67¢
The earning fine print
1.25 Blue Points per $1 base; 2.5 Blue Points per $1 (2x) on gas and EV charging; 12.5 Blue Points per $1 (10x) at Blue Rewards Partners; 12.5 Blue Points per $1 on Blue Rewards Travel booked through Expedia. Earn_travel is set to 12.5 but applies ONLY to the Blue Rewards Travel/Expedia channel, not to travel bought anywhere else. BMO publishes no annual cap on any tier for this card. Issuer-published redemption value: 1,500 Blue Points = $10 in store or toward eGift cards, i.e. 0.67 cents per point.
The welcome offer
- Welcome bonus
- 120,000 points
- Also included
- The first-year annual fee is waived
What the offer actually requires
Up to 120,000 bonus Blue Points (BMO states 'worth up to $800') plus a $175 first-year annual fee waiver for the primary cardholder; BMO markets total first-year value as 'over $1,750'. BMO's product page does NOT publish the spend thresholds or the time windows for the 120,000 points, and the terms-and-conditions popup for this new slug returns 404. Do not publish spend/timing figures until BMO posts them.
Fees and interest rates
- Annual fee
- $175 waived the first year
- Foreign transaction fee
- Not published by the issuer
- Purchase APR
- 20.99%
- Cash advance APR
- 23.99%
Who can get this card
- Minimum personal income
- $80,000
- Minimum household income
- $150,000
- Personal guarantee required
- Yes you are personally liable for the balance
Insurance and benefits
- Travel medical
- $5,000,000 first 15 days of a trip
- Trip cancellation
- $1,500
- Flight delay
- $500
- Baggage delay
- $500
- Rental car damage waiver
- Included
- Purchase protection
- Included
- Extended warranty
- Included
- Airport lounge
- 4 free visits a year
What the benefits really mean
Travel medical up to $5 million for trips of up to 15 days. Trip cancellation up to $1,500 per insured person to a maximum of $5,000. Flight delay up to $500 per account when delayed 4+ hours. Lost baggage up to $500 per insured person to a maximum of $1,000. Car rental collision up to 48 consecutive days. Free Mastercard Travel Pass membership via DragonPass plus four free lounge passes per CALENDAR year. 5 free Maple virtual care visits. $10 monthly Instacart credit with 6 months Instacart+. 24/7 roadside assistance stated at $75 annual market value. Up to 22 supplementary cards. Eligibility: minimum $80,000 personal income OR $150,000 household income OR $250,000 business revenue. NEW PRODUCT: BMO replaced AIR MILES with Blue Rewards in June 2026. This card supersedes the BMO AIR MILES World Elite Business Mastercard. BMO's legacy AIR MILES business terms page is still live and still advertises a $149 fee and a miles-based offer running to 12 June 2026. That page is stale and must not be used. The 120,000-point welcome bonus has NO published spend requirement or time window on BMO's own page, and the terms popup 404s. Publishing it as a no-spend bonus would be wrong. The 10x/12.5x 'travel' rate applies only inside BMO's Expedia-powered Blue Rewards Travel channel. Lounge: the DragonPass membership carries no free visits by itself; only 4 passes a year are free and the counter resets on the calendar year. BMO does not publish the supplementary card fee or the FX fee for this card. Purchase APR here is 20.99%, two points higher than the BMO Ascend World Elite Business at 18.99%, despite the identical $175 fee.
Our verdict
BMO retired Air Miles in June 2026 and replaced it with Blue Rewards, and this is the business card built on the new programme. The mechanics are clear enough: BMO publishes 1,500 points to $10, so the base 1.25 points a dollar is about 0.8% and the 10x partner rate is about 8% at whichever merchants are in the partner network.
That last clause is the problem. The entire case for this card rests on a partner list that is three months old, and we cannot tell you whether the merchants in it are ones your business uses. Until that settles, BMO's own Ascend World Elite Business at the same $175 is the safer buy, because 4 points a dollar on office supplies and telecom is a rate you can plan around. Ignore BMO's Air Miles business page entirely; it is stale and still quotes a $149 fee for a card that no longer exists.
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Where this came from. bmo.com/en-ca/main/business/credit-cards/bmo-blue-rewards-world-elite-business-mastercard/ (fees, rates, earn, insurance, lounge, income); bmo.com/main/business/credit-cards/ (lineup); bmo.com/pdf/business_Cardholder_Agreement.pdf (owner liability). Verified 18 Aug 2026.. We take every figure from the issuer’s own pages, never from another comparison site, and we leave a field blank rather than guess at it.