BMO
Get up to $1,600 value and no annual fee in the first year. Earn rewards on every purchase plus travel perks. Great for high-income earners!
The BMO Ascend World Elite Mastercard is packed with features for Canadian card seekers. Cardholders can currently access an impressive welcome offer valued up to $1,600 and enjoy their first year with no annual fee. Standard interest rates apply: 21.99% for purchases and 23.99% for cash advances (21.99% for Quebec residents). The annual fee is $150 after the first year, and income requirements are $80,000 individual or $150,000 household.
How to Apply: Step-by-Step
- Visit the official BMO credit cards website.
- Select the BMO Ascend World Elite Mastercard.
- Fill out the online application with your personal and income information.
- Submit required documents, if prompted.
- Wait for application approval and card delivery.
Pros of the BMO Ascend World Elite Mastercard
The card’s top highlight is a striking welcome bonus—potentially one of the highest in Canada. Full annual fee waiver in the first year means a low-risk trial for new users.
Cardholders enjoy premium travel benefits such as airport lounge access, comprehensive travel insurance, and accelerated BMO Rewards points on all purchases.
Cons of the BMO Ascend World Elite Mastercard
The income requirements can be steep, excluding lower and moderate-income applicants from accessing the card’s perks. The $150 annual fee after the first year is above average for most Canadians.
Rewards are tied to the BMO Rewards program, so flexibility may be limited compared to cards with more redemption partners or direct cashback.
Final Verdict
The BMO Ascend World Elite Mastercard is a competitive choice for high-income Canadians seeking value. Its hefty welcome offer and travel perks make it attractive, though income thresholds and ongoing fees should be considered before applying.
