If you`re looking for a credit card that offers exclusive rewards and benefits, you might be interested in the BMO World Elite Mastercard. But before you apply, it`s important to understand the terms and conditions of the card agreement.

Here are some key points to keep in mind:

Annual fee: The BMO World Elite Mastercard comes with an annual fee of $150. This fee is waived for the first year of card membership.

Interest rates: The interest rate on purchases with the BMO World Elite Mastercard is 19.99%. The interest rate on cash advances is 22.99%.

Rewards: With the BMO World Elite Mastercard, you can earn 3 BMO Rewards points for every $1 spent on travel, dining, and entertainment purchases. You can also earn 2 BMO Rewards points for every $1 spent on all other purchases. BMO Rewards points can be redeemed for travel, merchandise, or cash back.

Insurance: The BMO World Elite Mastercard comes with a comprehensive travel insurance package, including emergency medical coverage and trip cancellation/interruption insurance. The card also includes purchase protection and extended warranty coverage.

Additional perks: Cardholders also have access to exclusive offers and experiences through the BMO World Elite Concierge service.

Overall, the BMO World Elite Mastercard offers a range of benefits and rewards for frequent travelers and entertainment enthusiasts. However, it`s important to carefully read and understand the terms and conditions of the card agreement before applying.