Category-specific ranking · Updated Oct 12, 2026

Best BMO Blue Rewards Credit Cards in Canada

Blue Rewards replaced AIR MILES on June 1, 2026, and the BMO AIR MILES Mastercards became Blue Rewards cards. The points are worth a fixed 1,500 = $10, so the ranking turns on earn rates, fees and perks. Business cards are ranked separately. See our Blue Rewards points value guide for what a point, and a converted Mile, is worth.

Top pick

BMO Blue Rewards World Elite Mastercard

A large welcome bonus attached to a young program. Promising on paper, but treat the redemption value as unproven until Blue Rewards has a track record.

6.1/10See offer Read the full review

$1,356modelled value over 24 months

Independent.Methods and assumptions are published; compensation never sets the order.·Last reviewed Oct 12, 2026·Full disclosure

Card comparison table
#	Card	Ranking basis	Standard Score	Annual fee	Modelled first year	Currency	Current offer
1	BMO Blue Rewards World Elite Mastercard BMO	≈ $1,356/24 mo	6.1/10	$150	≈ $854	BMO Blue Rewards	See offer
2	BMO Blue Rewards Mastercard BMO	≈ $552/24 mo	5.1/10	None	≈ $343	BMO Blue Rewards	See offer

Rewards math assumes you pay your balance in full every month — interest charges quickly exceed any rewards value.

Card by card

The ranking, explained

1. BMO Blue Rewards World Elite MastercardTop pick

6.1/10

A large welcome bonus attached to a young program. Promising on paper, but treat the redemption value as unproven until Blue Rewards has a track record.

Ranking basis $1,356 modelled value over 24 months

Best for Shoppers at Blue Rewards partner merchants who want a large points bonus and don't mind an unproven, brand-new loyalty program.

Skip if You want a mature, well-understood points program; Aeroplan or Amex MR cards have a longer redemption track record.

$150 annual feeModelled first year ≈ $854BMO Blue RewardsSee offer

2. BMO Blue Rewards Mastercard

5.1/10

A free way to keep a Blue Rewards balance growing, but outside partner stores its earn rate trails plain cash back.

Ranking basis $552 modelled value over 24 months

Best for Former AIR MILES collectors who shop at Blue Rewards partners and want to keep earning Blue Points without an annual fee.

Skip if You rarely shop at Blue Rewards partners; a no-fee cash-back card pays more on everyday spending.

No annual feeModelled first year ≈ $343BMO Blue RewardsSee offer

Rewards math assumes you pay your balance in full every month — interest charges quickly exceed any rewards value.

Benchmark monthly spend: $722 groceries, $279 dining, $250 travel, $200 gas/transit and $800 other. Values use expected informed point valuations, structured caps, modelled welcome conditions and two annual fees where applicable; unstructured perks and benefits are excluded. Use the Card Finder for your own spending.

Bottom line: BMO Blue Rewards World Elite Mastercard leads this category at $1,356 modelled value over 24 months. Read the full review or see how we score.

Frequently asked questions

Which card leads this ranking?

BMO Blue Rewards World Elite Mastercard leads this ranking on its category-specific modelled value over 24 months of $1,356. BMO Blue Rewards Mastercard is the closest runner-up. See the full comparison table above for how every card in this category scores.

How is this ranking put together?

24-month value on the published household benchmark. The Standard Score remains visible as editorial context, but it does not override the category's decisive job.

What happened to the BMO AIR MILES Mastercard?

BMO replaced its AIR MILES Mastercards with Blue Rewards cards when the program switched in June 2026. The BMO AIR MILES World Elite Mastercard was renamed the BMO Blue Rewards World Elite Mastercard, and BMO's no-fee option is now the BMO Blue Rewards Mastercard. Every Mile converted to 16 Blue Points.

Is the Blue Rewards World Elite worth $150 a year?

If you spend enough at Blue Rewards partners or in its 2x categories to beat the free card by more than the fee, and you'll use its four lounge passes and travel insurance. It earns double the no-fee card's points in every category, so on everyday spending it pays roughly an extra 0.33% at 0.67¢ a point.