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Monday, March 18, 2019

Limited time left to apply for the BMO AIR MILES World Elite Mastercard and receive up to 3,000 bonus miles and a companion flight rebate!


THE OFFER WITH THE COMPANION PASS IS NO LONGER AVAILABLE

One of the more popular cards on Rewards Canada right now is the BMO AIR MILES World Elite Mastercard. There are several reasons as to why this is the case: Up to a 3,000 bonus AIR MILES Reward Mile welcome bonus (1,000 on first purchase, 2,000 more when you spend $3,000 within 3 months), the first year annual fee is waived and the main reason for this post, the companion flight benefit. This one time companion flight benefit can provide some huge value over and above the miles earned and the annual fee waiver, both of which we value at no less than $420 combined. The value of the companion flight benefit? Really depends on what flights you redeem for. There is no limit to this voucher in terms of where you can fly - redeem miles for two short haul flights in Ontario and you'll get the miles for the second ticket credited back to your account. Or redeem for two long haul flights from Vancouver to New Zealand and you'll get the miles back for that second ticket. That's right you would get 11,500 miles or more returned to you! That's a huge deal.

If you recall back in November Rewards Canada contributor Jim M. detailed his redemption for travel booking between Sudbury and Vancouver using the companion flight benefit. Here is an excerpt:
Here is a good example of how we have been able to receive amazing value from AIR MILES. I applied for the BMO AIR MILES World Elite Mastercard last month. It offers first year free, 3,000 AIR MILES Rewards Miles on a minimum spend of $3,000 which in turn produces 3,300 Air Miles. The card also brings a 15% reduction in AIR MILES award flight mile requirements for travel within North America and a one time free companion benefit.

I received the card and am in the process of completing the minimum spend. Last week I booked return flights between Sudbury and Vancouver for the spring. The mileage cost was 7,200 Air Miles for two, reduced by the 15% the card provides so in the end the redemption was 6,120 AIR MILES Reward Miles.. The companion benefit will see 3,060 miles returned to my account so the net miles cost is only 3,060! That’s 240 less than the sign-up bonus on the card and the earnings for the minimum spend.



The taxes and fees for two return tickets YSB-YVR were $287. The lowest price I could find for two between YSB and YVR return flights on the same dates of our travel was $1,471. The immediate dollar value of the miles earned from this card is therefore $1,184!



As you can see between the miles earned on the card, the 15% discount for award flights in North American and the companion benefit netted Jim a savings of nearly $1,200! If we split the amount between two tickets, the companion benefit saved Jim $592.12 (the price of buying the ticket outright less taxes and fees charged by AIR MILES) 

If you like this savings and value of the companion flight benefit, the question you need to ask is when should I apply for this card? The answer is right away, well by March 31st as that is the last day BMO will offer the companion flight benefit for new applications. Come April 1 that benefit will be gone. The welcome bonus and first year annual fee waiver will still be there but the potential huge value of the companion flight will not be. So don't delay if this offer is right for you! You can apply for the BMO AIR MILES World Elite Mastercard here.




This post was sponsored by BMO. The views and opinions expressed in this post however, are purely those of Rewards Canada

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