BMO Ascend™ World Elite®* Mastercard®*
on BMO's website
Pros & Cons
Pros
- +First Year Annual Fee Rebate ($150 annual fee rebated)
- +Welcome Bonus: 100,000 points
- +Up to 5x on Travel
Cons
- –Foreign Transaction Fee (2.5%)
Our Review
The BMO Ascend World Elite Mastercard is one of the best World Elite Mastercard travel rewards credit cards in Canada. With our welcome offer, you can get up to 100,000 BMO Rewards points, for a total value of up to $1,600.
Plus, there’s no annual fee in the first year for the primary cardholder and additional cardholders, and you benefit from a 0% introductory interest rate on balance transfers for 12 months (with a 2% balance transfer fee).
With the BMO Ascend World Elite Mastercard, you get:
- 5 points per dollar on eligible travel*
- 3 points per dollar on eligible dining, entertainment, and recurring bill payments*
- 1 point per dollar on all other purchases*
The card also offers:
- 4 complimentary airport lounge accesses per year via Mastercard Travel Pass provided by DragonPass*
- comprehensive travel insurance, including emergency medical coverage up to $5 million for 21 days*
- A NEXUS statement credit in the first year*
- Six months of Instacart+ membership plus a monthly $10 Instacart credit with an eligible card*
Rewards
All Spending
1x
BMO Rewards pts per dollar
Travel
5x
Restaurants
3x
Streaming
3x
Recurring
3x
Entertainment
3x
Telecom
3x
Credit Card Rewards Calculator
See how much you could earn with this card based on your spending.
Points Earned
56,400
BMO Rewards/yr
Estimated Value
$378
After Fees
+$378
1st Year Value
$1,048
incl. welcome bonus
Annual rewards breakdown
- Earn 45,000 BMO Rewards after $5,000 in purchases within the first 110 days
- Earn 20,000 BMO Rewards after $10,000 in purchases within the first 180 days
- Earn 35,000 BMO Rewards after $20,000 in purchases within the first 12 months
First-year advantages
- $150
Travel Insurance
Travel medical (under 55)
Up to $2,000,000 / 21 days
Travel medical (55-64)
Up to $5,000,000 / 21 days
Trip Cancellation
Up to $1,500
Trip Interruption
Up to $2,000
Delayed Baggage
Up to $500
Lost Baggage
Up to $500
Flight Delay
Up to $500
Hotel Burglary
Up to $1,000
Travel Accident
Up to $500,000
Purchase Protection
Purchase Protection
Included
Extended Warranty
+1 year(s)
Auto Rental
Up to $65,000 / 48 days
Fees and interest rates
- Annual Fee$150
First Year Annual Fee Rebate
- Additional card fee$50
First Year Annual Fee Rebate
- Foreign currency conversion fee2.5%
- Purchase Rate21.99%
- Balance transfer rate23.99%Quebec21.99%
- Cash advance rate23.99%Quebec21.99%
Perks & Benefits
Airport lounge access
Accepted at Costco
Included
Eligibility
Personal Income
$80,000
Household Income
$150,000
Terms & Conditions
Card Features
Get up to $1,600 in value, including up to 100,000 points, the Mastercard Travel Pass program and 4 complimentary airport lounge passes, the statement credit for NEXUS and the annual fee waived in the first year for the primary cardholder and authorized users.*
Plus, get 0% introductory interest rate on Balance transfers for 12 months with a 2% transfer fee.*
- 5x the points for every dollar spent on eligible travel*, 3x the points for every dollar spent on eligible restaurant dining*, entertainment and eligible recurring bill payments*, 1 point for every dollar spent in other purchase categories*
- Free membership to the Mastercard Travel Pass app provided by DragonPass*, and four complimentary passes per year*
- Extended Warranty* and Purchase Protection*
- BMO Ascend World Elite Total Travel and Medical Protection:
Get Collision Damage Waiver benefits on rental cars, 21 days of Out-of-Province/Out-of-Country Emergency Medical coverage of up to $5 million, and more.* - Enjoy six months of Instacart+ and a $10 monthly Instacart credit when you enroll your eligible BMO Credit Card.*
Legal
*Terms and conditions apply
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Conditions apply. All information is believed accurate but not guaranteed. Card details, rewards, and offers are subject to change at any time. Always verify the latest terms on the issuer’s website before applying. Tori Points may receive compensation through affiliate links. This does not affect our editorial choices or card rankings. © 2026 BMO. All trademarks are property of their respective owners.