BMO
Earn up to $1,600 in value with no annual fee for the first year. 0% balance transfer for 12 months. 21.99% purchase rate. Minimum $80k annual income required.
The BMO Ascend World Elite Mastercard is one of the top Canadian credit cards for travel rewards and perks. This card features a huge welcome offer valued up to $1,600, plus the first year’s annual fee is waived. Cardholders enjoy a 21.99% purchase interest rate and 23.99% for cash advances, and the card is available to individuals with a minimum $80,000 annual income or $150,000 for households.
How to Apply: Step by Step
Applying for the BMO Ascend World Elite Mastercard is simple. First, visit the card’s application page. Provide your personal information, proof of income, and employment details. Then, review the terms, agree, and submit your application. After approval, you’ll receive your card by mail, activate it, and start collecting rewards.
Pros of the BMO Ascend World Elite Mastercard
The biggest highlight is the substantial welcome offer and waived annual fee in year one. The card also gives access to BMO Rewards points, which are great for flights and hotel bookings. Additionally, you benefit from a 0% interest rate on balance transfers for a full year. This can help you manage larger balances affordably.
Cons of the BMO Ascend World Elite Mastercard
On the downside, the regular annual fee after the first year is $150, which is on the higher side. The minimum income requirement is also quite steep, so not everyone will qualify. Also, cash advances carry a higher interest rate, so it’s best to avoid them unless absolutely necessary.
Final Verdict
The BMO Ascend World Elite Mastercard stands out for its sizeable welcome bonus and travel perks, making it a solid choice for frequent travellers who can meet the income criteria. If you’re looking for powerful rewards and can avoid carrying a monthly balance, this card is worth serious consideration.
