Air France KLM World Elite MasterCard Review



Annual Fee


Annual Rewards


Intro Offer


Annual fee


Annual rewards


Intro offer


  • Welcome bonus: Earn a generous number of bonus miles upon meeting the minimum spend requirement
  • Miles-earning potential: Receive miles per dollar spent on eligible purchases and bonus miles for eligible Air France, KLM, and SkyTeam partners spending
  • Annual complementary bonus: Earn an annual complementary miles bonus when meeting the spending threshold
  • Extensive partner network: Redeem miles with various SkyTeam partners for flights, hotel stays, car rentals, and more
  • Comprehensive travel insurance: Benefit from coverage for trip cancellation, interruption, baggage loss, and car rental theft or damage
  • Airport perks: Enjoy lounge access, priority check-in, and priority boarding when traveling with Air France or KLM


  • Annual fee: The card comes with a relatively high annual fee, which may deter some applicants
  • Limited reward flexibility: The miles redemption is primarily beneficial for those who frequently fly with Air France, KLM, or SkyTeam partners
  • No waiver on foreign currency conversion fees: There is a foreign transaction fee charged on purchases made in non-Canadian currency
  • Limited lounge access: Complimentary lounge access is restricted to select airports and comes with usage limitations
  • Targeted demographic: The card’s specific benefits may not appeal to those who are not frequent flyers on Air France or KLM
  • Competing card options: There are other travel credit cards with lower annual fees and broader reward categories available

Performance test results

At DollarWise, for each credit card we test 7 different factors including the rewards, value for money, perks, insurance, strengths and weaknesses of the card.

You can see our full testing methodology here to learn why we’re the most trusted source for credit card reviews.

The Air France KLM World Elite MasterCard has earned a 4.68 DollarWise Rating out of 5. This score is based on a weighted average of the two highest scoring factors (excluding acceptance and approval).




Interest rates




The highest scoring categories for the Air France KLM World Elite MasterCard are rewards and insurance.

These factors are weighted 70% to the highest scoring factor and 30% to the second highest score to get an overall review score.

This weighting allows us to judge cards on their merits and the customers they are designed for.

For the Air France KLM World Elite MasterCard the most important factors for scoring this card are its rewards and insurance.


With the Air France KLM World Elite MasterCard, here’s the rates at which you earn rewards for different spending categories per dollar you spend:

Bills1 mile
Pharmacy1 mile
Gas1 mile
Groceries1 mile
Restaurants2 miles
Specific Stores3.33 miles
Travel1 mile
All Other Spend1 mile

Calculating your annual rewards

We estimate that spending $2,000 per month with the Air France KLM World Elite MasterCard would earn $695 in rewards over the year.

Our performance testing research uses an accurate estimation of the average Canadian households spending patterns to predict the rewards a card will earn.

We found that you’d earn this per category:

Specific Stores$95
All Other Spend$486

Our study investigating the value found that each dollar spent on the Air France KLM World Elite MasterCard is worth up to $0.02, depending on how you redeem.

This $695 in rewards value puts the Air France KLM World Elite MasterCard in the top 10% of credit cards in Canada based on rewards earned.

The average credit card in our database earns $337 in rewards for the same spend that the Air France KLM World Elite MasterCard earns $695 in rewards value.

We can compare this card to other options by looking at the earn rate by category.

This earn rate is the percentage return that you would get when you spend on this card, assuming you redeem at the predicted maximum value.

For example, if a card earned 5 points per dollar on gas and each point is worth up to $0.02, then the earn rate is 5 points multiplied by $0.02 each, divided by the dollar you spent.

In this example, that’s a 10% earn rate on gas.

SpendThis CardAverage
Above, we’ve calculated the earn rate for the Air France KLM World Elite MasterCard for every spend category and compared it to the average for all Canadian credit cards.
Redemption methodAnnual rewards
Flight rewards$695

For an annual spend of $24,000, we estimated annual rewards value at up to $695.

That’s equivalent to a 2.90% return on spending.

The Air France KLM World Elite MasterCard has an annual fee of $132. After deducting this, we predicted net annual rewards of $563.

This puts it in the top 10% of credit cards for net rewards after fees.

In comparison, the average card earns net annual rewards of $254.


The Air France KLM World Elite MasterCard has a $132 annual fee.

The average card charges $85. So, the Air France KLM World Elite MasterCard is in the top 30% of cards based on the cost of the annual fee.


We manually review the perks of each credit card to determine how they compare to other cards.

The Air France KLM World Elite MasterCard scored a 1.9 out of 5 for perks, putting it in the top 40% of cards.

The average card scores 1.6 out of 5 for perks.

Interest Rates

Cash Advance21.5%
Balance Transfer19.99%

The average (median) credit card has a purchase interest rate of 19.99% and so the Air France KLM World Elite MasterCard charges {{purchase_interest_diff}} than the average.

For cash advances it costs 21.5% compared to the average of 19.96%.

Testing the Air France KLM World Elite MasterCard with a $2,000 starting balance, you can see in the graph how the {{purchase_interest_diff}} in interest rates impacts the interest over a year, compared to the average card.

Insurance coverage

InsuranceThis CardAverage
Extended Warranty1 year1 year
Purchase Protection90 days90 days
Travel Accident$500,000$500,000
Emergency Medical Term15 days15 days
Emergency Medical over 653 days4 days
Trip Cancellation$2,000$1,500
Trip Interruption$5,000$2,000
Flight Delay$500$500
Baggage Delay$1,000$500
Lost or Stolen Baggage$1,000$1,000
Event Cancellation$1,000$1,000
Rental Car Theft & DamageYesNo
Hotel Burglary$1,000$1,000
Mobile Phone Insurance$1,000$1,000

We scored it 4.4 out of 5 for insurance.

It offers 14 types of insurance, whereas the average card has 5 types of coverage.

Approval and qualifying

Do I qualify?
Estimated Credit Score725 – 759
Personal Income$80,000
Household Income$150,000
Annual Fee$132
Extra Card Fee$0
Card typeMasterCard

We scored it 2.5 out of 5 for approval.

We predict that you will require a credit score of at least 725 to qualify for the Air France KLM World Elite MasterCard, while the average card requires 652 to qualify.

This puts it in the top top 50% of cards by approval difficulty.

The personal income requirements are $80,000, while the average card requires $23,896.

This puts it in the top 10% of cards by the income required to qualify.

The Air France KLM World Elite MasterCard is designed for frequent flyers seeking to earn rewards and access exclusive benefits with Air France, KLM, and their partner airlines.

In this review, we will evaluate the card’s earning potential, highlight its main benefits and drawbacks, and share some additional information to help determine if this card is right for you.

Earning potential

Cardholders will earn Flying Blue Miles for every dollar spent on eligible purchases. The earning rates are as follows: 3 Miles per $1 spent on Air France, KLM, and partner airlines; 1.5 Miles per $1 spent on dining, groceries, and gas and 1 Mile per $1 spent on all other eligible purchases.

These reward rates make it an attractive option for those who often fly with Air France, KLM, or their partner airlines.


  1. Welcome Bonus: Upon new account approval, cardholders will receive a generous bonus of 25,000 Flying Blue Miles after spending $1,000 on eligible purchases within the first three months.
  2. Complimentary Lounge Access: Cardholders receive special airport lounge access, with one priority pass visit per year to more than 1,000 airport lounges worldwide.
  3. Insurance Coverage: The Air France KLM World Elite MasterCard comes with comprehensive travel and purchase protection insurance.

    This includes travel medical insurance, trip cancellation and trip interruption coverage, car rental loss and damage insurance, purchase protection, and extended warranty coverage.
  4. Annual Travel Credit: Cardholders receive an annual $100 discount on select Air France or KLM airline tickets as a reward for spending at least $10,000 in a calendar year.


  1. Annual Fee: This credit card comes with an annual fee of $120, which may be off-putting for those who do not travel frequently enough to take advantage of its benefits.
  2. Limited Flexibility: While earning Flying Blue Miles is useful for Air France, KLM, and partner airline flights, these rewards may not be as valuable to those wanting more flexibility, such as redeeming points for travel with multiple carriers, or specific airlines outside of the Flying Blue network.

Additional information

The Air France KLM World Elite MasterCard is designed especially for frequent flyers of these airlines and their partners, who can maximize the card’s rewards and benefits. However, for individuals seeking more flexibility in their travel rewards, it may not be the ideal choice.

If you fall into the target demographic and can take full advantage of the card’s offerings, it could prove to be a valuable tool in your wallet. Otherwise, it is advisable to consider alternative credit card options that better align with your individual spending habits and travel needs.

Not the right fit? You could consider the Vancity enviro Classic Visa (Low Rate Rewards). Or, if you’re looking for other options check out the Stack Prepaid Mastercard, and the Brim World Elite Mastercard.


With the Air France KLM World Elite MasterCard, cardholders can redeem their earned points for a variety of rewards, including:

  • Air France and KLM Flights: You can use your points towards Classic award tickets on Air France, KLM, and SkyTeam partner airlines, allowing for more travel flexibility and choice.
  • Upgrade Awards: Cardholders can redeem points to upgrade to a higher cabin class on Air France, KLM, and select SkyTeam partner flights for a more comfortable and enjoyable travel experience.
  • Seat Options: Points can also be used to reserve your preferred seat options like extra legroom or a seat with optimal comfort on Air France, KLM, and select SkyTeam partner flights.
  • Baggage Allowance: Redeem your points to cover the cost of an additional baggage allowance on Air France, KLM, and select SkyTeam partner airlines, making your travels more convenient.
  • Partner Airlines: Your points can also be redeemed for flights with any of the 19 SkyTeam airlines, providing even more extensive travel options to destinations around the globe.
  • Flying Blue Store: The Flying Blue store offers various products and experiences that you can acquire using your points, such as gift cards, electronics, and exclusive event access.

The Air France KLM World Elite MasterCard credit card does not charge any fees for foreign transactions. This card allows cardholders to make purchases in other countries without incurring additional expenses for currency conversion or foreign transaction processing.

The Air France KLM World Elite MasterCard credit card does have a minimum income requirement. Applicants must have a minimum annual personal income of $80,000 or a minimum household income of $150,000 to be eligible for this card.

Key benefits

  • Annual fee: $120
  • Additional card fee: $50 per card
  • Welcome bonus: Up to 35,000 bonus miles after meeting minimum spend
  • Earning rate: 1.5 miles per $1 on eligible purchases, 3 miles per $1 on Air France-KLM spending
  • Annual complementary bonus: 3,000 miles upon reaching $15,000 annual spend
  • Minimum income requirement: $20,000 personal or $50,000 household
  • Interest rates on purchases: 20.99%
  • Interest rates on cash advances: 22.99%
  • Foreign currency conversion: 2.5% fee applied to transactions in other currencies
  • Travel insurance & roadside assistance: Included (various coverage limits)
  • Miles redemption options: Flights, hotels, car rentals, and more with SkyTeam partners
  • Special travel perks: Air France-KLM exclusive benefits when flying with these airlines, such as priority boarding, check-in, and limited airport lounge access
  • Customer service: 24/7 support, including emergency card replacement
  • Cardholder program: Membership in the Flying Blue program

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