BMO
Earn up to $1,600 in value with a waived first-year annual fee, competitive rates, and travel-focused rewards. Minimum income applies. Perfect for frequent travellers.
About the BMO Ascend World Elite Mastercard
The BMO Ascend World Elite Mastercard stands out for Canadians seeking premium rewards, especially travellers. This card currently offers up to $1,600 in value, including a generous welcome offer, with the annual fee of $150 waived in the first year.
Cardholders benefit from a 0% introductory interest rate for 12 months on balance transfers, subject to a 2% transfer fee. The ongoing purchase interest rate is 21.99%, and cash advances are charged at 23.99% (21.99% for Quebec residents). To qualify, applicants must meet a minimum annual income requirement of $80,000 for individuals or $150,000 for households.
These features cater to those seeking travel rewards and flexibility, making it attractive for frequent flyers and high spenders. The included BMO Rewards empower users to redeem points for a range of travel and lifestyle perks.
The card also provides exclusive travel benefits and insurance, providing peace of mind on your journeys. Cardholders enjoy a world-class experience both at home and abroad.
If you’re a frequent traveller with qualifying income, this card is positioned among the top-tier offerings in Canada for travel rewards and welcome bonuses in 2024.
How to Apply: Step-by-Step
Applying for the BMO Ascend World Elite Mastercard is simple. First, gather your financial information and ensure you meet the minimum income requirement.
Visit the official application page and fill in personal and financial details. Double-check the information provided to avoid processing delays.
Submit any requested documents for proof of income or identity during your application. Once submitted, wait for BMO’s approval decision.
After approval, expect your new card by mail. Activation instructions will be provided for quick setup.
Once activated, start enjoying your rewards immediately and manage your account through online or mobile banking.
Pros: What Makes This Card Shine
The substantial welcome offer, worth up to $1,600, is among the best in Canada right now, maximizing initial value for new cardholders.
Waiving the first year’s annual fee (usually $150) adds instant savings, making it easier to try the card without risk. The 0% interest on balance transfers also helps manage high-interest debt.
Cons: Where to Pause and Consider
The minimum annual income required may exclude some applicants, making this card best for professionals or high earners.
The ongoing annual fee after the first year is $150, which is higher than average; it’s important that rewards and benefits offset this cost for your spending habits.
Final Verdict
The BMO Ascend World Elite Mastercard is ideal for Canadians seeking travel perks and a strong welcome bonus. The competitive introductory offer and premium benefits make it a compelling option if you qualify. It’s a top pick for maximizing points and travel value in 2024.
