Originally Posted by
Cerenity
I actually just went down that path so I can give you a confirmed answer in the next few months (just received card, working on the spend, havent gotten 1st statement yet).
I talked to their branch staff and call center agents and they seem to actually suggest doing this , since their offers arent applicable to product transfers, so they recommend to apply for a new card to get the promo miles. They also seemed to agree with me that if i downgrade my existing World Elite prior, the premium plan fee waiver will cover the new AM World Elite's AF.
Also, I've gotten the bonuses twice at least for BMO World Elite, including a mistake double bonus the first time (60K points), but 3rd time didnt seem to work (last year). Might just need to wait longer for repeat product attempts...
^^
Awesome, good to know... thank you for that tidbit. I'm not a hardcore AM collector but if I can get the 3K welcome bonus (or something similarly generous) then I might take the offer given that I will need a BMO MC anyway to get the 25% booking discount. I just cancelled my World Elite so I might wait 6-12 months before going for the Air Miles World Elite.
On the product transfer thing, my wife had the regular BMO MC (the $99 one, can't recall the exact name) and she was given an offer by postal mail of 1K AMs after spending $3,000 in 3 months to upgrade to the BMO World Elite MC for $120. I suggested that she take it as we have more AM bookings in our near future, but that she try to convince them to give her 3K AMs instead (which is the offer for new signups). They refused, but we took the deal anyway as the alternative was to keep the $99 card with no bonus. So if you consider that a bonus on a product transfer, then it is possible.