Travel Rewards
Premium / High-End
Rewards
BMO VIPorter World Elite Mastercard
BMO Bank of Montreal
Current Welcome Offer
Up to $2,400 in value including 70,000 VIPorter points and a round-trip companion pass
Annual Fee
$199
$0
1st Year Free
Purchase APR
21.99%
Cash Adv. APR
23.99%
Welcome Bonus
~$1400
RateBuddy Verdict
The Good
- Unbeatable flight perks: Free checked bag, free carry-on, and free seat selection that extends to up to 8 companions traveling with you.
- Includes a highly valuable round-trip companion pass every year.
- Outstanding travel medical insurance that covers up to 21 consecutive days, making it ideal for longer vacations.
- Offers a solid 2x points multiplier on multiple daily spending categories, including groceries, dining, and gas.
The Trade-offs
- Requires a strict minimum personal income of $80,000 or household income of $150,000 to qualify.
- While it offers lounge membership via DragonPass, it does not include any complimentary lounge visits (you pay US$32 per visit).
- The $199 annual fee is steep, though it is waived in the first year.
Rewards & Earnings
Groceries 2.00%
Dining & Takeout 2.00%
Gas & Transit 2.00%
Travel 3.00%
Base Rate 1.00%
Rewards Summary: Porter Purchases: 3 pts per $1; Gas, Transit, Groceries, Dining & Hotels: 2 pts per $1; Base Earn: 1 pt per $1; Avid Traveller Status: Automatic; Instacart: 6 months free + $10/month credit
- Porter Purchases: 3.0 pts/$1
- Gas, Transportation, Groceries, Dining & Hotels: 2.0 pts/$1
- All Other Purchases: 1.0 pt/$1
Welcome Bonus Details
Up to $2,400 in value including 70,000 VIPorter points and a round-trip companion pass
Estimated Value: $1400.00
Features & Benefits
Airport Lounge Access
DragonPass membership included (usage fees of US$32 apply)
Travel Medical Insurance
Up to $5 million for 21 consecutive days
First-Year Fee Waived
Annual fee waived in the first year
Car Rental Collision/Loss Damage Waiver
Included
Trip Cancellation/Interruption Insurance
Included
Extended Warranty Insurance
Doubles manufacturer warranty up to 1 year
Purchase Security Insurance
Included
Flight Delay Insurance
Included
Baggage Delay/Loss Insurance
Included
Priority Airport Services (Check-in, Boarding)
Dedicated check-in, early boarding, free seat selection on Porter
Special Event Access (e.g., Front Of The Line)
1 complimentary checked bag and carry-on for up to 8 companions
Common Carrier Accident Insurance
Included
Hotel/Motel Burglary Insurance
Included
Additional Perks
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Insurance Coverage
Emergency Medical: $5M (21 days); Trip Cancellation/Interruption: Included; Flight Delay & Baggage: Included; Car Rental Collision: Included; Common Carrier: Included; Hotel Burglary: Included; Purchase Security: 90 days; Extended Warranty: +1 Year
Rates & Fees Details
| Purchase APR | 21.99% |
|---|---|
| Cash Advance APR | 23.99% |
| Annual Fee | $199 |
| Income Required |
Personal: $80,000 Household: $150,000 |