Learn more about BMO Ascend World Elite Mastercard Credit Card and know how you can apply!
The BMO Ascend World Elite Mastercard Credit Card is made for people who are looking for a card that allows you to get rewarded for travelling, while also getting points for everyday purchaces. If you want a flexible reedemption option for your rewards, this could be a great choice!
You can earn points for every $1 spent with your credit card. Then the BMO Reward Program allows you to redeem these points in a variety of ways, like using your your points to pay for your travel purchases – including car rentals, taxis, accommodations and more -, to get handpicked merchandise and gift cards from retailers, or to simply pay for treats. Want to learn more about it? Keep reading and get to know its benefits and how to apply!
What are the benefits of BMO’s Ascend World Elite Credit Card?
- Welcome Offer: get up to 90,000 points and the annual fee waived in the first year;
- Get the $150 annual fee rebated annually with our BMO Premium Chequing Account;
- 5x the points for every $1 spent on eligible travel purchases;
- 3x the points for every $1 spent on eligible dining purchases;
- 3x the points for every $1 spent on eligible entertainment purchases;
- 3x the points for every $1 spent on recurring bill payments;
- 1x the point for every $1 spent everywhere else;
- Flexible Redemption: you can redeem your BMO Rewards points using “Pay with Points” to cover eligible travel purchases like flights, hotels, car rentals, vacation packages, cruises and more, save for the future by redeeming points for a contribution to a BMO savings or investment account, or simply apply your points directly to eligible purchases;
- Extended Warranty and Purchase Protection;
- 24-hour concierge service;
- Zero Liability: you’re protected from unauthorized charges on your card, meaning you won’t pay if someone uses your card without your permission;
- Get up to seven cents off per litre on Shell fuel;
- 25% discount at National Car Rental and Alamo Rent a Car;
- 15% discount at Cirque du Soleil shows in Canada and 20% discount at residency shows in Las Vegas;
- Travel Coverage: Travel Medical and Accident Insurance; Trip Cancellation/Interruption Insurance; Car Rental Collision Loss/Damage Waiver Insurance; Flight Delay Insurance; Delayed and Lost Baggage Insurance; and Flight Delay Insurance;
- Airport Lounge Access: with free membership in Mastercard Travel Pass provided by DragonPass, plus 4 free passes a year;
- Free access to Boingo Wi-Fi hotspots worldwide;
- Get notified via text, email, and phone if BMO notices potential suspicious transactions on your account;
- Get free, 24/7 access to CreditView with no impact to your credit score;
- Add-Ons: BMO Roadside Assistance and BMO Credit Card Balance Protection.
Pros vs Cons?
| ✔️ PROS | ❌ CONS |
| Get up to 90,000 points and the annual fee waived in the first year as welcome offer |
Annual Fee of $150 and International Fee of 2,5% |
| BMO Rewards Program; Reward Redemption Flexibility; Travel Benefits; Travel Insurance; $0 Fraud Liability; Extended Warranty; Purchase Protection |
Minimum annual income of $80,000 (individual) or $150,000 (household) is required |
How do I apply for the BMO Ascend World Elite Mastercard Credit Card?
To be eligible for this credit card, you need is to be at least the age of majority in the province or territory you live in and have not declared bankruptcy in the last seven years. Here’s how it works:
BMO provides an online application process. So, access their credit card website and click on the option: “Apply Now”. During the application, you must provide any personal and financial information requested.
Then the bank will conduct a creditworthiness assessment to evaluate your credit history, income stability, and repayment capacity. This assessment helps determine the likelihood of credit card approval. Keep in mind that, the approved credit limit will also depend on it.