- 5%BMO Rewards points on travel purchases
- 3%BMO Rewards points on dining and entertainment
- 1%BMO Rewards points on all other purchases
The standard welcome offer provides up to 100,000 BMO Rewards points, a first-year annual fee waiver, and a 0% introductory balance transfer rate.
Earn 5 points per $1 on travel, 3 points on dining and entertainment, and 1 point on all other purchases.
A key differentiator is the BMO Ascend World Elite Mastercard's robust rewards structure, offering 5 points per dollar on travel purchases. This card is ideal for frequent travelers looking to maximize their rewards while enjoying a waived annual fee in the first year.
Pros:
- High rewards on travel
- First-year annual fee waived
Cons:
- Annual fee applies after first year
- Limited to specific categories for high rewards
The BMO Ascend World Elite Mastercard is well-suited for frequent travelers who can take advantage of its high rewards rate on travel purchases and the significant welcome bonus. However, the annual fee of CA$150 may be a consideration for those who do not travel often enough to justify the costs.