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Air France KLM World Elite Mastercard Review

overall rating

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The Air France KLM World Elite Mastercard from Bank of America is the airline's only co-branded credit card available in North America. It has an $89 annual fee and offers 3 miles per dollar spent on purchases with Air France, KLM Royal Dutch Airlines, Delta, Alitalia, and 15 other SkyTeam alliance airlines. There are also multiple easily earned bonus opportunities, including a one-time offer plus annual ones, some automatic and some based on spending.

Air France KLM World Elite Mastercard®

Overall Rating
Air France KLM World Elite Mastercard®
On Bank of America's Secured Site.
Current Offer

Earn 50,000 Bonus Miles after you make $2,000 or more in purchases within the first 90 days of your account opening.

Recommended Credit Score Our recommended ranges are based off of the FICO® Score 8 credit-scoring model. Credit score is one of the many factors lenders review in considering your application.
350 579
580 669
670 739
740 799
800 850
Good - Excellent
Regular APR (%) 15.99% - 23.99% variable
Annual Fee $89
Rewards Earning Rate 3 Miles per $1 spent directly on Air France, KLM Royal Dutch Airlines and SkyTeam member airlines purchases and 1.5 Miles per $1 spent on all other purchases.
Balance Transfer Fee Either $10 or 3% of the amount of each transaction, whichever is greater.
Foreign transaction fee (%) 0%
how this card stacks up
When compared among all rewards cards in our database:
Low Fees
Security/Customer Experience
Low Interest
worst best

The Air France KLM World Elite Mastercard is not one of our top-rated airline credit cards. You can review our list of the best airline credit cards for what we think are better options.

Full Review of Air France KLM World Elite Mastercard

  • Premium rewards for purchases from any of 19 airlines

  • Three easily earned one-time bonuses

  • Anniversary bonuses

  • Lacks benefits, even on Air France and KLM

Pros Explained

  • Premium Rewards for Purchases From Any of 19 Airlines: You can earn this card’s best rewards of 3 miles per dollar with many more airlines than the two that are in its name. Air France and KLM are part of the SkyTeam alliance of 19 airlines, and you can earn that premium rate for purchases with any of them. That means you can earn the same number of miles for purchases from Delta, say, as from Air France.You can also use miles to buy or upgrade tickets not only across the SkyTeam alliance but in a still-larger one: Flying Blue, the joint loyalty program for Air France and KLM. While you earn the card’s 3-miles-per-dollar rate only on purchases from the two airlines, you can earn and spend Flying Blue miles for flights with the program’s 35 airline partners.
  • Two Easily Earned One-Time Offers: This card’s one-time mileage offer is easy to earn and represents an excellent return on spending. New cardholders who spend $2,000 within the first 90 days of opening an account receive 50,000 Flying Blue miles. Based on a valuation of 1.54 cents per mile, we estimate the value of that to be $770 when used to buy flights. The second one-time offer, in the form of the other rewards currency of the Flying Blue program, requires no spending at all. Upon approval for the card, you receive 60 Experience Points (XP). Customarily earned by flying, these points help you to earn elite status. The bonus gets you more than halfway to the 100 XP points you need to reach Silver status, which earns you benefits such as priority check-in, seat discounts, a boost in your mileage-earning rate with the program, and a free checked bag.
  • Anniversary Bonuses: This card also provides annual bonuses in both of the rewards currencies of the Flying Blue program. Every year on your card anniversary you receive 5,000 bonus miles, provided you’ve charged at least $50 to the card over the previous year. Worth an estimated $80 when used to get flights, this bonus essentially equals in value the card’s $89 annual fee. Independent of spending, you also receive a 20-XP bonus automatically on your card anniversary. There’s an opportunity to earn a further 40 XPs after spending a total of at least $15,000 on the card within the anniversary year.  

Cons Explained

  • Lacks Benefits, Even With Air France and KLM: Co-branded airline cards that charge an annual fee, as this one does, typically come with a number of benefits, including those with their co-branded carrier or carriers, such as free checked bags or discounts on in-flight purchases. But the only travel-related benefit offered by the Air France KLM World Elite Mastercard is that, like many travel cards, it doesn't charge foreign-transaction fees. The card also lacks any other benefits of note, except the ability to use the card for overdraft protection if you also have a bank account with Bank of America, the card’s issuer.

This Card is Best For

  • Avatar for Loyalty Status Seeker Persona
    Seeks the recognition and perks of branded travel partner status
    Loyalty Status Seeker
  • Avatar for Frequent Flyer Persona
    Flies often for business or leisure
    Frequent Flyer
  • Avatar for Frequent Diner Persona
    Dines out regularly while traveling or in home city
    Frequent Diner
  • Avatar for International Traveler Persona
    Travels outside of U.S. on occasion or frequently
    International Traveler

The Air France KLM World Elite Mastercard is an unusually good choice for customers not only of Air France or KLM Royal Dutch Airlines but of many other carriers. In part, that’s because air purchases made with this card earn a generous 3 miles per dollar spent at any of the 19 carriers of the SkyTeam alliance, including Delta and Alitalia. And the miles you earn with the card, and from flights, can be earned and redeemed with an even-larger number of Air France/KLM Fly-Blue partners, also including Delta and Alitalia.

Those who travel (or use the card) only occasionally will also find the Air France KLM World Elite Mastercard an economic choice, since justifying the cost of the annual fee is unusually easy. The value of the card’s 5,000-mile bonus alone, awarded for just $50 in annual spending, all but equals the cost of the $89 annual fee. The rewards from spending just $185 a year on the card would equal the remaining $9 of the cost.

Air France KLM World Elite Mastercard One-Time Offer

You receive 50,000 bonus miles after spending $2,000 or more within the first 90 days after you open the card’s account. We value this bonus offer at $770 when redeemed for flight purchases through Air France, KLM Royal Dutch Airlines, and SkyTeam and Flying Blue member airlines.

Upon card approval, you'll also receive 60 XPs, those being the rewards that allow you to gain status in the Flying Blue program. 

Rewards Earning Details

You earn 3 miles per dollar spent on flights booked directly with Air France, KLM Royal Dutch Airlines and on purchases made directly with any airline members of SkyTeam. You earn 1.5 miles per dollar spent on all other purchases.In addition to its initial bonus offer, this card offers some ongoing annual bonus opportunities. As long as your account is active, you'll get 5,000 miles each year after making $50 in purchases, a benefit that alone is worth $75. You also get 20 XPs each year on your account anniversary, and the opportunity to earn an additional 40 XPs by charging $15,000 in purchases on the card within a year.

All bonus miles and XPs will be posted to the cardholder's account within four to six weeks after they're earned.

In order to earn miles and XP, you must be a member of the Flying Blue program. If you aren't already a member of the program, you'll be enrolled when you sign up for this card. It takes anywhere from six to four weeks for miles to be credited to your Flying Blue program

Rewards Redemption Details

Miles can be redeemed towards flights with Air France, KLM Royal Dutch Airlines, or any of the 35 or so airline partners of those two carriers in the Flying Blue program, which include Delta Airlines and Virgin Atlantic.

You can also spend Flying Blue miles directly with a number of hotel, car rental, and retail merchants who are partners in the program. You can also spend them with Bitebird, which provides WiFi hotspots around the world, and for museums and other experiences in France and the Netherlands. 

All that said, keep in mind that you’ll generally get the best value by redeeming miles for flights. We value each Flying Blue mile at an average of 1.54 cents when used to book air travel.

Transferring Points

You can transfer miles to a family member or friend, but there's no direct way to transfer miles to another loyalty program with this card. You can, however, transfer miles or points from some of those programs to Flying Blue, and so allow them to be used for purchases from Air France, KLM, and their Flying Blue partners. Among those options are to transfer American Express Membership Rewards, Chase Ultimate Rewards, and Citi ThankYou Rewards to the Flying Blue program, and so convert them to miles. There are also some hotel partners that allow such conversions. The transfers have varying rates, however, with some of them dismally low, and there may be restrictions. For example, you can transfer Hilton Honors points only when you have at least 20,000 in your account, and the rate is 10,000 Hilton Honors points (worth an estimated $45, by our valuation) for 1,000 Flying Blue points, which we estimate are worth only $16.   

How to Maximize Your Rewards

In order to make the most of this card, first spend the $2,000 necessary within the first 90 days of opening an account in order to earn the 50,000-mile bonus, which we estimate is worth $800 when used for flights on Air France, KLM, and their airline partners.  

Next, use your card to earn 3 miles per dollar spent on direct flight purchases with Air France, KLM, and their fellow members of the SkyTeam airline alliance. You can, of course, also use this card for other purchases, too. At 1.5 miles per dollar, this spending earns you a passable 2.4 cents per dollar when used for flights.

Finally, spend enough on this card annually to earn the anniversary mile and XP bonus. Earning the 5,000-mile bonus requires only $50 per year in spending, but spending must be pushed to $15,000 or more for the year to earn the additional 40 XPs.

Average Case

Let’s assume that you only use this card for flight and hotel purchases for intermittent travel. We’ll say you take two return trips per year to Paris from the U.S. on Air France and spend $560 per round-trip flight, the average according to Further, let’s say you spend two nights in a hotel on each trip, at $150 per night.

Overall, you'd earn 4,410 miles on this card. At a value of 1.54 cents each when used for flights, those miles have an estimated value of $68. (However, keep in mind that these purchases would also qualify you for the 5,000 miles bonus, worth $75, when you spend at least $50 a year on the card. And our mileage total does not include the miles you would earn from the actual travel itself.)  

Aspirational Case

Frequent travelers will naturally earn bigger benefits with this card, as will those who use the card regularly for other spending. Let’s assume, then, that you double the travel schedule above, using the card to purchase four round-trip flights per year and staying in a hotel for two nights per trip. As in the scenario above, we’ll estimate that each round-trip flight costs an average of $560, while each hotel stay costs an average of $150 per night. Doubling the earnings detailed above, that purchasing would earn you 4,820 miles, worth an estimated $140. Let's further assume that you also charge to the card $16,000 per year for various daily living expenses—such as food, gas, clothing, entertainment, and personal care. Those miscellaneous purchases, which earn 1.5 miles per dollar spent, would yield a further 24,000 miles which, at 1.54 cents apiece, would be worth $360 when used for flights.

Overall, you'd earn 28,820 miles on this card worth $444. (However, once again keep in mind that these purchases would also qualify you for the 5,000 miles bonus, worth $75, when you spend at least $50 a year on the card. And our mileage total does not include the miles you would earn from the actual travel itself.)  

Air France KLM World Elite Mastercard Outstanding Benefits

  • Overdraft protection if you also have a Bank of America bank account

Standard Benefits

  • $0 liability guarantee
  • Online and mobile banking
  • Paperless statements
  • Chip-enabled card
  • Free monthly FICO score
  • Digital wallet technology

Cardholder Experience

Bank of America, which issues the Virgin Atlantic World Elite Mastercard received a score of 798 out 1,000 in J.D. Power’s 2019 U.S. Credit Card Satisfaction Study. The bank ranked in seventh place among 12 major credit card issuers. The score was a little below the national average of 806 points for all issuers.

Bank of America offers mobile apps for iOS and Android. These apps allow for account access in general, including the ability to keep track of credit card transactions. Scored out of a possible 5 by users, Bank of America’s mobile app has a score of 4.8 stars in the Apple App Store and 4.7 stars on Google Play.

Security Features

Bank of America offers a host of standard security features on its cards, including fraud monitoring, account alerts, and zero liability for fraudulent purchases.

This card comes with chip technology, digital wallet technology, overdraft protection, and online and mobile banking.

Our Verdict

The Air France KLM World Elite Mastercard offers unusual versatility in the travel providers—especially the airlines—from whom you can earn and spend the miles you earn in using the card. In addition, the card’s ongoing annual mileage reward for very minimal spending brings instant value in exchange for the card’s annual fee, which may make this a good option, even for those that typically prefer an annual-fee-free card. What the card isn’t is a well-rounded travel card that offers benefits to help make flying more comfortable and convenient. For that reason, you’ll probably want to pair the Air France KLM World Elite Mastercard with at least one other general travel card that fills in the features it lacks. Among those choices are the American Express Blue Cash Everyday which would, for no annual fee, allow you to add rental-car insurance and a 24/7 global-assistance travel hotline. Paying $150 a year for the American Express Green card adds such additional travel features as a $100 LoungeBuddy credit.

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For Air France KLM World Elite Mastercard®
on Bank of America's Secured Site.
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Air France KLM World Elite Mastercard®
overall rating
Recommended Credit Score Our recommended ranges are based off of the FICO® Score 8 credit-scoring model. Credit score is one of the many factors lenders review in considering your application.
350 579
580 669
670 739
740 799
800 850
Good - Excellent
Regular APR (%) 15.99% - 23.99% variable
Annual Fee $89
Rewards Earning Rate 3 Miles per $1 spent directly on Air France, KLM Royal Dutch Airlines and SkyTeam member airlines purchases and 1.5 Miles per $1 spent on all other purchases.
Investopedia Credit Card Rating Methodology
Investopedia is committed to delivering the best credit card recommendations in the industry. We’ll tell you when a card is good, we’ll tell you when a card is bad, and we’ll only call a card the best if we would recommend it to our friends or family members.
Overall Star Rating Explained
To rate credit cards we objectively assess, score and weight nearly 100 individual card features which roll up into five major feature sets: fees, interest, rewards, benefits and security/customer service. Here’s how we weighted those feature sets for the overall star rating of a card:
We have applied our proprietary rating methodology to every generally-accepted credit card in the U.S. domestic market to allow consumers to make fully informed choices. It’s important to note that for our overall score that we make a number of assumptions about how you would be using your credit card:
  1. While we make no assumption as to whether balances are carried on a given card we do assign varying weights to all credit cards’ introductory APR (if present) in addition to the regular, long term purchase and balance transfer interest rates.
  2. We utilize BLS (U.S. Bureau of Labor Statistics) income and average category spending data to calculate annual earnings rates for rewards cards that offer cash back, points or miles rewards at a set rate on all spending or in consideration of bonus rewards for certain spending categories, like gasoline, groceries, restaurants or travel.
  3. We determine the maximum points value of rewards cards by dividing the points, cash back or miles required to exchange for the retail price of the most valuable redemption option (for example, in the case of a card that offers a domestic roundtrip airline ticket as a redemption option vs. another redemption option of lesser value that requires the same amount of points or miles to acquire, we would base the rewards value on the airline ticket).
  • Cards that are selected best overall in their respective categories generally feature most if not all of the following attributes:
  • Low or Reasonable Fees Credit card fees come in many forms but the primary ones involve those for annual card membership and balance transfer. There are a myriad of reward and non-reward card options that charge no annual fee but for the many that do assess an annual fee the cost is often justified by their lucrative ongoing rewards and initial signup bonuses. Balance transfer fees are occasionally waived during introductory periods with certain cards, a factor which is heavily and positively weighted in our scoring model for cards offering this benefit. When charged, balance transfer fees range between 3% - 5%, which we grade accordingly. Other standard fees can generally be avoided, such as those for paying late or taking cash advances but we rate those relative to other cards in the market for reference, though with less weight assigned
  • Competitive Interest Many cards offer 0% introductory APR on purchases and balance transfers for varying lengths and then revert to a permanent or regular APR (based on a variable rate tied to the prime rate) that applies to any balances not paid in full. We rate both introductory APR percentage and length (in months) along with the midpoint of the variable regular APR interest rate range.
  • Valuable Rewards Credit card reward programs can be based on cash back, points or travel rewards (which can be generic or travel partner-specific, as with airline and hotel co-brand card programs). For cards that offer rewards we determine the value per dollar spent along with average redemption values and assign more favorable ratings to cards that offer superior consumer value. We also assign value to sign-up bonus offers and their initial spending requirements, when present.
  • Excellent Benefits Credit card benefits cover a range of offerings like concierge service, TSA Pre-check, auto rental coverage, travel accident insurance, lost luggage assistance and free credit scores. We rate cards on the number and level of over a dozen standard and upscale benefits and provide extra weighting emphasis for those travel-related perks that apply to premium travel cards when present.
  • Solid Security/Customer Service Security and customer service features like lost or stolen card replacement, being able to lock one’s card from an issuer app and 24 hour customer support are becoming more standard across the card market and we provide a significant amount of weighting to features in this area.
  • You can also read the full version of our methodology for a more in-depth look at how we assess cards and award them the best in various categories.