In this guide

  • Our verdict
  • Your reviews
Finder makes money from featured partners, but editorial opinions are our own.

BMO Ascend World Elite Mastercard Review

  • Avatar
BMO Ascend World Elite Mastercard
Welcome Offer
90,000 points
Rewards
Up to 5x points per $1 spent
Annual Fee
$0 annual fee for the first year ($150 thereafter)
Purchase Interest Rate
20.99%
Cash Advance Rate
23.99%

Our verdict

Earn more points on travel, dining and entertainment purchases and get a generous welcome bonus.

Whether you're setting off on your next business trip or planning a 5-star resort stay, the BMO Ascend World Elite Mastercard could be a good fit for you. Get 5 BMO Rewards points per $1 spent on eligible travel purchases, 3 points per $1 spent on eligible dining and entertainment purchases, and 1 point per $1 spent on all other eligible purchases.

Best for: Those who want to earn rewards points for travel, dining and entertainment purchases and get a generous welcome bonus.

Pros

  • Earn Up to 5x points per $1 spent
  • Get up to 90,000 points as a welcome bonus
  • Travel insurance coverage
  • Access to discounts

Cons

  • You'll pay an annual fee of $150
  • You'll need to earn at least $80,000 a year to qualify for this card

In this guide

  • Our verdict
  • Your reviews
Get up to 90,000 points and get the $150 annual fee waived in the first year.

The basics

  • High return. Get 5 BMO Rewards points per $1 spent on eligible travel purchases, 3 points per $1 spent on eligible dining and entertainment purchases, and 1 point per $1 spent on all other eligible purchases.
  • Welcome bonus. Get up to 90,000 points and get the $150 annual fee waived in the first year.
  • Purchase protection. Protect the items you buy on your card with extended warranty and insurance coverage.
  • Travel insurance. Cash in on travel medical insurance and get access to trip interruption, trip cancellation, flight delay and baggage insurance.
  • Discounts. Get 15% off admission to Cirque du Soleil shows touring Canada, and 20% off resident shows in Las Vegas.

The perks

  • Car rental insurance. Get complimentary Collision Damage Waiver benefits (MSRP of up to $65,000).
  • Digital services perks. Get benefits and offers for digital everyday services from a variety of on-demand apps and subscription services.
  • Access WiFi worldwide. Access over 1 million WiFi hotspots around the world at no added cost, with no added fees or roaming charges.
  • Mastercard rewards. Unlock Mastercard Travel Rewards cashback offers when you travel and shop outside of Canada.
  • Zero liability coverage. Rest easy knowing you’re protected against fraudulent charges on your account.
  • Enhanced security. Use your Mastercard SecureCode to protect your purchases online.
  • Optional benefits. Pay more for roadside assistance, balance protection or credit card alerts.

What to watch out for

  • High annual fee. The annual fee for this card is $150. Annual fee waived in the first year.
  • Fee for additional cards. There’s a $50 fee for additional cardholders.
  • Difficult to qualify. The minimum income to get approved for this card is $80,000.

BMO Ascend World Elite Mastercard interest rates

Interest TypeInterest Rate
Purchase interest rate20.99%
Cash advance rate23.99%
Standard balance transfer rate23.99%

What should I know before I apply

How to apply

  1. Click Go to site to be directed to your BMO Ascend World Elite Mastercard application.
  2. Read through the Disclosure Statement details and click Accept & Continue.
  3. Complete the application with details that include your name, email address, social insurance number and birth date.
  4. Review and submit your application.

Bottom line

The BMO Ascend World Elite Mastercard is a good fit for frequent flyers who spend a decent amount on travel, dining and entertainment. This card comes with a welcome offer, comprehensive travel insurance and other perks like car rental insurance and airport lounge access.

Frequently asked questions about the BMO Ascend World Elite Mastercard

Pictures: bmo.com/ca

Your reviews

No reviews yet. Write a review
Go to site