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BMO World Elite®*Business Mastercard®*

BMO Rewards World Elite Business Mastercard
  • Welcome Offer: Get up to 70,000 BMO reward points in the first year. Plus, we’ll waive the $149 annual fee for the first year1
  • Earn 4 BMO reward points for every $1 you spend on gas, office supplies, cell phone and internet bill payments2
  • Earn 1.5 BMO Rewards points for every $1 you spend4
  • Enjoy VIP Airport Lounge Access at more than 400+ airports worldwide. You’ll get two complimentary lounge visits each year9
No Annual Fee for the first year1
  • 17.99%
    Purchases3
  • 22.99%
    Cash Advances3
  • $149
    Annual fee3
Apply now for a BMO Rewards Business Mastercard

Features & Benefits

Other BMO Small Business Credit Cards
BMO® AIR MILES®† Business® Mastercard®*
Other BMO Personal Credit Cards
BMO® World Elite™* Mastercard®*

Cardholder Agreement

A detailed explanation of your rights and responsibilities as a BMO Mastercard cardholder.
Download PDF for full details

Terms and Conditions

This guide outlines in detail terms and conditions governing your BMO Rewards Mastercard rewards.
Terms and Conditions

BMO World Elite Business Mastercard Terms & Conditions

  1. a) BMO World Elite Business Mastercard applications must be received between January 13, 2022 and December 6, 2022 (the “Offer Period”) to be eligible for this offer. 50,000 BMO Rewards points will be applied to your BMO Rewards Collector Account after you spend a minimum of $5,000 (less refunds and excluding cash advances, cash-like transactions, interest charges, fees, credit or debit adjustments) within the first three (3) months after the account open date. 50,000 BMO Rewards welcome bonus points will be credited to your Collector Account within sixty (60) business days following the qualifying $5,000 spend. Receive an additional 20,000 BMO Rewards points twelve (12) months after the Credit Card account open date after you spend a minimum of $35,000 (less refunds and excluding cash advances, cash-like transactions, interest charges, fees, credit or debit adjustments) within the first twelve (12) months after the account open date, as long your account is in good standing at the time you qualify for the additional points. 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. 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. This offer may be withdrawn or changed without notice.
  2. You will earn 4 BMO Rewards points for each dollar you spend (up to an annual limit of $50,000) at gas stations, office supply stores, and on your cell phone/internet (phone) bill payments. The 4 BMO Rewards points includes the base earn rate of 1.5 BMO Rewards points for each dollar you spend and the bonus of 2.5 BMO Rewards points for each dollar you spend in qualifying gas, office or cell phone/internet purchases. To qualify for the bonus reward points, your purchases must be made at merchants classified in the Mastercard network as Service Stations (gas stations with or without ancillary services) and Automated Fuel Dispensers (Merchant Codes: 5541 & 5542), Stationery and Office Supply Stores (Merchant Codes: 5111 & 5943) and Cellphone/Internet billings (Merchant Codes: 4812, 4814 & 4816). Some merchants may sell similar products/services or are separate merchants who are located on the premises of these merchants but are classified in another manner, in which case this bonus earn would not apply. After you reach yearly cap of $50,000 in qualifying gas, office or cell phone/internet purchases, you will earn 1.5 BMO Rewards points for each dollar you spend on these purchases and on all other eligible purchases made with the card.
  3. Ongoing interest rates, interest-free grace period, annual fees and all other applicable fees are subject to change. Cash advances include balance transfers, cash-like transactions and Mastercard cheques. Visit bmo.com/yourbiz for current rates and fees; call the Customer Contact Centre at 1-844-385-5055, or visit your branch.
  4. Subject to the BMO Rewards Terms and Conditions for Business, BMO Rewards points are calculated based on purchases of goods or services charged to the BMO Rewards Business Mastercard account, less any refunds or adjustments, rounded down to the nearest whole point. Cash advances (including purchases of foreign currency or travellers cheques), interest charges, fees, credit or debit adjustments and any amount other than purchases that may be charged to the account with the card, do not qualify for points. Bank of Montreal may establish other qualifying and nonqualifying transactions from time to time.
  5. Please refer to your BMO Mastercard Cardholder Agreement for more information.
  6. Subject to terms and conditions, including limitations, exclusions and other important information contained in the BMO Business MasterCard Travel Protection Certificate of Insurance, which is sent to new cardholders. Insurance benefits provided by Allianz Global Risks US Insurance Company (Canadian Branch). For questions contact Allianz Global Assistance at 1-877-704-0341 or visit www.allianz-assistance.ca.
  7. Subject to terms and conditions, including limitations, exclusions and other important information contained in the BMO Mastercard Liability Waiver Program description, which is sent to new cardholders. Program benefits provided by Royal & Sun Alliance Insurance Company of Canada.
  8. Subject to terms and conditions, including limitations, exclusions and other important information contained in the Certificate of Insurance, which is sent to new cardholders. Insurance benefits provided by Allianz Global Risks US Insurance Company (Canadian Branch). For questions contact Allianz Global Assistance at 1-877-704-0341 or visit www.allianz-assistance.ca.
  9. Mastercard Airport Experiences provided by LoungeKey (“MCAE”) is a worldwide program run by LoungeKey Ltd. This benefit will be available to all cardholders of a BMO World Elite Business Mastercard (“eligible cardholders”). Eligible cardholders are required to comply with the Conditions of Use available online at airport.mastercard.com or on the MCAE mobile application, as well as any additional terms and conditions applicable to the lounge or offer being used by the eligible cardholder. The Conditions of Use are subject to change from time to time without notice to Issuer or the eligible cardholders. Eligible cardholders wishing to access a participating MCAE lounge must present their valid, eligible BMO World Elite Mastercard or their mobile access code (this may be obtained by the eligible cardholder by registering an account at airport.mastercard.com or through the MCAE mobile application) to the lounge receptionist and reference “Mastercard Airport Experiences provided by LoungeKey.” Value and benefits of the MCAE complimentary membership are subject to change without notice. Use the two complimentary passes for yourself as the primary cardholder (primary cardholder and the co-owner on the account) or to cover the cost of the lounge visit of your travelling companion. To identify the primary cardholder on your account, please check the name on your monthly statement. After using two passes, you can continue to enjoy lounge access for a fee of just US$32. Note fees can change at any time. For more information, visit: airport.mastercard.com
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