 Hello everyone, this is Amit Dan and on this channel you'll find financial travel and more videos. If you like what you see Please do the thumbs up and consider subscribing. Thank you Hello everyone, this is Amit Dan of amitdan.com today. I'll talk about BMO World Trade MasterCard recently announced that they will be abandoning the priority pass program and they will accept lounge key lounge access program So I just received this letter which you're looking here right now And I'll just talk about this letter today and then go through some of the points they mentioned here So starting August 8, 2018 BMO replaced the priority pass lounge access program With the lounge key program. Although both programs are owned by the same company. They work slightly differently In terms of lounge access priority pass offers more lounge access across the globe priority pass has access to about 1200 lounges in at 500 airports on the other hand lounge key has access to about 850 lounges at 400 airports so you can see that the numbers are lower for Lounge key and for lounge key you'll not need to carry a separate membership card Because the credit card that offers the lounge access program, which is the BMO World Trade MasterCard in this case Is the one or is the card you will need to access the lounges? So You also need to just sign up online to enroll prior to accessing lounges, of course on the other hand Priority pass with the priority pass program you'll have to sign up For priority pass and they'll send a separate Membership card which will need you need to carry whenever you are going to access lounges Or you can use the electronic card or pass as well The BMO World Elite MasterCard will still offer four free passes per year It's not reducing the free numbers of passes. It used to offer with priority pass So the only difference is that you will be You know having you'll be getting these four passes now lounge key Priority launch key Program instead of priority pass program So one major difference between the priority pass and the lounge key Programs is that you can buy priority pass membership If your credit card does not provide one however a lounge key does not have any membership plans to buy And it is only accessible via credit card offers such as BMO World Elite Which will be giving you four passes plus The membership and there's another credit card or actually a few credit cards on the Canadian credit card market that offers priority pass I'm sorry lounge key lounge access program for example rbc WestJet World Elite Card doesn't give you any free passes, but it just gives you the End old membership and also the new brim credit card Is expected to is supposed to give you the membership end old membership, but not any free passes So keep in mind that There's another credit card scotia passport visa infinite, which is a kind of a new card and after since the card came out BMO World Elite Mastercard lost its luster Because the scotia passport provides more lounge passes, which is six via the priority pass program And charges less an old fee for example This one has 150 dollars an old fee and the scotia passport visa infinite has 140 dollars an old fee But it's giving you six passes and this one would give you four passes So I have Videos on scotia passport visa infinite card, which I'll provide you a link in the description box below Or you can just watch it on my go by going to my channel directly Now You are thinking that is this you know change of lounge membership program from a priority pass to lounge key Is it devaluation or not? So this is what I think I don't say it's a big devaluation Because based on the numbers for example, the priority pass is giving you A 1200 lounges at 500 airports and lounge key is giving you 850 lounges at 400 airports So I would say it's just just a slight devaluation because you're going to have a slightly lesser access or lesser numbers in terms of inaccessible lounges But it's a good thing that you know, they're still giving you our for free passes which is Right here For free passes And now there's another interesting thing. I found out which uh, I'd like to show you let me just Bring this little closer Okay, so let me just zoom in Okay, so if you read here It mentions that you'll be credited with four lounge passes on august 8 2018 Which are valid until december 31st 2018 on january 1st 2019 and every subsequent year You'll be getting a Four annual complimentary passes this year. So let's say if you have this card right now You still have four lounge access free passes from priority pass Lounge program and then on august 8 2018 Uh, you'll be credited with four lounge passes So they don't mention that, you know, if you use your priority pass lounge passes Then they're going to subtract you With the four lounge key passes. So it sounds to me that you know you have actually four priority pass free passes and four lounge Key free passes for this year 2018 because you know, it would be credited on august 8 So that's like, you know getting double Then the regular four free passes for 2018 And this is going to be until december 13 31st 2018 So if you are like, you know, I travel in this year. So you better finish up using As much as you can By the end of this year because it's starting 2019 january 1st You're going to be credited a new four free passes, which will be for the full 2019 So it looks like for the 2018 you have four priority passes free passes until august 8 And from august 8 to december 13 31st You have four Lounge key free lounge passes. So that's not bad at all. If you're doing a few trips, then definitely can use those eight free passes So that's all I wanted to talk Today, if you like what you see, please give it a thumbs up and consider subscribing and on this channel. I do a Variety of videos for example travel Financial and other videos just like the one you are watching right now. So please subscribe and I'll see you shortly. Thank you