- 4Points on gas, office supplies, and internet/phone bills
- 1.5Points on all other purchases
20,000 points upon the first purchase and 8,000 monthly points for spending $3,000+ from months 3 to 12.
Earn 4 points per $1 spent on gas, office supplies, and internet/phone bills, along with 1.5 points on all other purchases.
The BMO Ascend World Elite Business Mastercard shines for its high-velocity rewards structure, particularly for businesses that frequently incur expenses on gas and office supplies, making it a valuable tool for maximizing rewards.
Pros:
- High rewards on common business expenses
- Waived annual fee in the first year
Cons:
- Annual fee after the first year
- Limited to specific categories for high rewards
The BMO Ascend World Elite Business Mastercard is well-suited for small to medium-sized businesses that prioritize earning rewards on everyday expenses such as gas and office supplies. With its competitive reward rates and a substantial welcome bonus, it offers a solid option for business owners looking to optimize their spending while managing an annual fee of CA$149.