Interested in this credit card? Earn by applying through Frugal Flyer.
The BMO Ascend World Elite Mastercard earns 5x BMO Rewards on travel purchases and offers four airport lounge passes annually.
Offers
Welcome Bonus
Eligible new applicants for the BMO Ascend World Elite Mastercard can receive a welcome bonus of up to 90,000 BMO Rewards points*:
- Earn 45,000 BMO Rewards points upon spending $4,500 within the first 110 days*
- Earn 3,750 BMO Rewards points for each subsequent 30 day period in which you spend at least $2,500 in purchases on your card, beginning on Day 111 and ending on Day 482 from account open date (up to a maximum of 45,000 BMO Rewards points)
FlyerFunds Rebate
Plus, if you apply for the BMO Ascend World Elite Mastercard through Frugal Flyer and are approved, you can receive an additional $125 paid directly to you.
Earning BMO Rewards Points
The BMO Ascend World Elite Mastercard earns BMO Rewards points for all purchases made on the card:
- 5 BMO Rewards points for every dollar spent on eligible travel purchases (up to $15,000 in purchases during a calendar year).
- 3 BMO Rewards points for every dollar spent on dining, entertainment, and recurring bill payment purchases (up to $10,000 in spend in each category per calendar year).
- 1 BMO Rewards point for every dollar spent on all other purchases.
Once the cardholder reaches the threshold stated above for each category, all future purchases will earn 1 BMO Rewards point per dollar spent.
Redeeming BMO Rewards Points
BMO Rewards points are best used for travel purchases that are booked through the BMO Travel Portal. When redeeming BMO Rewards points towards bookings made through the travel portal, the redemption rate is 150 BMO Rewards points = $1 CAD.
There are additional redemption options including merchandise, gift cards, a statement credit, or cash investment in a BMO investment account. However, if you want to maximize the value of your BMO Rewards points, you should only redeem them for travel.
Benefits
4 Airport Lounge Passes
BMO Ascend World Elite Mastercard cardholders are eligible to receive complimentary membership to the Dragonpass lounge program, in addition to four complimentary airport lounge passes. The DragonPass airport lounge program includes over 1,300 lounges worldwide, making it easy for the cardholder and their guests to find a lounge before their next flight.
Up To 7₵/L Discount on Fuel at Shell
Cardholders who link their BMO Ascend World Elite Mastercard with their AIR MILES collector number will receive a $0.02 per litre discount on regular fuel (Shell Bronze and Shell Silver) and a $0.07 per litre discount on premium fuel (Shell V-Power NiTRO+ or Shell V-Power NiTRO+ 91 or Shell VPower NiTRO+ 93) purchased at Shell gas stations. This discount is available up to a maximum of 1,000 litres per month.
Rental Car Discounts
Cardholders can save up to 20% on National Car Rental and Alamo Rent A Car and up to 5% on Enterprise Rent-A-Car at locations worldwide using the Car Rental Booking tool.
Fees & Eligibility
| Personal Income | $80,000 |
| Household Income | $150,000 |
| Annual Fee | $150 |
| Foreign Exchange Fee | 2.50% |
| Purchase Rate | 21.99% |
| Cash Advance Rate | 23.99% |
| Balance Transfer Rate | 23.99% |
Insurance Coverage
The BMO Ascend World Elite Mastercard offer several types of insurance coverage:
- Out-of-province or country emergency medical insurance: $5,000,000 coverage for the first 21 days of any out-of-province trips for travelers aged 64 or under
- Common carrier insurance: $500,000 of accidental death and dismemberment coverage
- Trip cancellation insurance: $1,500 per covered person per trip, up to an overall $5,000 maximum
- Trip interruption & trip delay insurance: $2,000 per covered person per trip, up to an overall $10,000 maximum
- Rental car collision and loss damage insurance: Comprehensive coverage for cars up to $65,000 MSRP
- Lost, stolen, or damaged baggage insurance: $500 per person coverage for emergency purchases when your baggage is lost or delayed, up to an overall maximum of $1,000 per trip
- Baggage delay insurance: $500 per person coverage for emergency purchases when your baggage is lost or delayed, up to an overall maximum of $1,000 per trip
- Flight delay insurance: $500 per trip for all insured persons combined in the event of a flight delay of more than four hours
- Hotel burglary insurance: $1,000 coverage for stolen items per occurrence
- Purchase security: Coverage for accidental physical damage or theft for 90 days from the date of purchase
- Extended warranty insurance: Extend the manufacturer’s original warranty up to one additional year
Refer to the BMO Ascend World Elite Mastercard insurance certificate for additional details, including terms and conditions for eligibility.
Top BMO Cards
| Credit Card | ||
|---|---|---|
 |
7,000 AIR MILES and $125 FlyerFunds Estimated value: $1,175 Ends Jun 1, 2026 |
|
 |
70,000 VIPorter Points and $125 FlyerFunds Estimated value: $1,175 Ends Jan 31, 2026 |
|
 |
120,000 BMO Rewards and $100 FlyerFunds Estimated value: $904 Ends Jan 31, 2026 |
|
 |
40,000 VIPorter Points and $100 FlyerFunds Estimated value: $700 Ends Jan 31, 2026 |
|
 |
60,000 BMO Rewards and $125 FlyerFunds Estimated value: $527 Ends Jan 31, 2026 |
|
Disclaimer: these responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.