Bank of Montreal has upped the reward redemption rate on the BMO Rewards World Elite MasterCard. The rate is now 2%, up from 1.9%.

The standard offer is 15,000 points, which at 1.9%, was worth $285.

However, the 20,000 points bonus offer appears to still work. That'd be $400 in travel credit. Annual fee remains at $150.
That's a $250 gain instantly. I think this is one of the best cards out there now.

• Supplementary cards are now free.
• Priority Pass access to VIP airport lounges (4 visits per year).
• $70,000 income or $120,000 household income required.
• More at http://bmorewards.com