Annual fee
CA$150
Rewards rate
5%-1%
Welcome Bonus
100,000 BMO Rewards points
Apply Now →on BMO's website
- 5%BMO Rewards points on travel
- 3%BMO Rewards points on dining, entertainment, and recurring bills
- 1%BMO Rewards points on all other purchases
Welcome Bonus:
Earn up to 100,000 points with a tiered spending requirement.
Reward Rate:
Earn 5x points on travel, 3x on dining, entertainment, and recurring bills, and 1x on everything else.
A key differentiator is its flexible redemption options and strong earning potential, making it an excellent choice for frequent travelers looking to maximize rewards.
Pros:
- Flexible redemption options
- Strong earning potential
Cons:
- Annual fee applies
- Requires significant spending to earn full bonus
The BMO Ascend World Elite Mastercard is well-suited for frequent travelers who can benefit from its generous rewards structure and flexible redemption options. With a substantial welcome bonus and a competitive earning rate, this card may appeal to those willing to pay an annual fee of CA$150 in exchange for maximizing their rewards on travel-related expenses.