BMO Ascend World Elite Mastercard Review

Take off in style. Earn faster, travel better, and protect what matters—this card makes every journey count.

The BMO Ascend World Elite Mastercard, When it comes to choosing the right travel credit card, the options can seem overwhelming. But for Canadians seeking a top-tier experience with premium perks and elevated benefits, this card stands out from the rest. It’s designed not just for travellers—but for those who travel with purpose.

Beyond its attractive welcome offer and rewards structure, the card also prioritizes your protection and convenience. Whether you’re venturing abroad or exploring local gems, you’ll appreciate the thoughtfully included extras that come with elite status.

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BMO Ascend World Elite

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Unleash Your Travel Potential with the BMO Ascend World Elite Mastercard

• Get up to 90,000 points: The welcome bonus alone can help you kickstart your travel goals. With up to 90,000 BMO Rewards points on the table, new cardholders have a real chance to fast-track their next adventure. Whether you’re redeeming for flights, hotels, or vacation packages, these points translate into meaningful savings and enhanced flexibility.
• Annual fee waived in the first year: Cost-conscious Canadians will appreciate that this premium card starts with no upfront annual fee in the first year. That’s $150 in immediate savings, giving you a risk-free opportunity to explore all the perks the card offers.
• 5x the points: Maximise your everyday spending by earning 5x the points on eligible travel, dining, and entertainment purchases. It’s not just about earning—it’s about earning smarter. Every trip you book or dinner you enjoy brings you closer to your next reward.
• Travel and medical protection: The card includes a wide array of insurance coverages for both domestic and international travel. These protections cover emergency medical expenses, trip cancellation, lost baggage, and more. Peace of mind while travelling isn’t a bonus—it’s essential.
• 21.99% for purchases: The standard interest rate for purchases is set at 21.99%, aligning with many premium-tier credit cards in Canada. While responsible cardholders aim to pay off their balance monthly, it’s still important to know the rate should you carry a balance.
• 23.99% for cash advances: Cash advances are subject to a higher interest rate of 23.99%, which is standard for this type of transaction. It’s best to treat this feature as a last resort for emergencies rather than regular use.
• 21.99% for Quebec residents: For residents of Quebec, the interest rate is consistently applied at 21.99% for purchases and cash advances. This uniform rate simplifies the understanding of costs associated with the card for those living in the province.

Qualification Requirements

• Canadian residency is required: Applicants must be Canadian residents with a valid Canadian address. This ensures that the card is only issued to individuals who can legally use and benefit from it under national regulations.
• You must be of majority age: To qualify, you must have reached the age of majority in your province or territory. This legal requirement is essential for entering into a credit agreement.
• A good to excellent credit score: Typically, a credit score above 700 is recommended for approval. This ensures that the cardholder can manage the credit responsibly and enjoy the card’s full benefits.
• Minimum personal income of $80,000: Applicants need to have a personal income of at least $80,000 annually. This requirement reflects the premium nature of the card and ensures financial stability.
• Or household income of $150,000: If your household brings in $150,000 or more, you may qualify based on combined income. This makes the card accessible for dual-income households who share expenses.
• Must meet credit assessment standards: Your application is subject to a comprehensive review by BMO. This includes checking your credit history, income verification, and other financial indicators.

How to Apply for the BMO Ascend World Elite Mastercard?

• Visit the official BMO website: Begin by navigating to the BMO credit card section on their official Canadian website. Here, you’ll find detailed product information and the online application form.
• Select “Apply Now”: Clicking the “Apply Now” button initiates the application process. It’s straightforward and takes only a few minutes to complete.
• Fill in your personal information: Provide your name, contact details, date of birth, and Social Insurance Number (optional but helpful for identity verification). All data is kept secure.
• Submit employment and income details: You’ll need to list your employer, job title, and annual income. Make sure your information is accurate to avoid delays in processing.
• Review and consent to the terms: Read through the cardholder agreement and consent to a credit check. It’s essential to understand the terms you’re agreeing to before proceeding.
• Wait for a decision: Once submitted, your application will be reviewed, and you’ll receive a decision based on your creditworthiness and qualifications. Most decisions are prompt and communicated via email.

Frequently Asked Questions

Can I redeem points for travel only?

No. While travel rewards offer excellent value, your points can also be used for gift cards, merchandise, and financial products.

Is there a minimum redemption amount?

Yes, redemptions typically start at 1,000 points, depending on the reward category. Travel redemptions may have different thresholds.

Does this card include lounge access?

Yes, it includes membership to Mastercard Travel Pass provided by DragonPass, which offers access to over 1,300 lounges globally.

Can I add an additional cardholder?

Yes. You can add authorized users to the account, making it easier to pool points and manage family or shared expenses.

CREDIT CARD

BMO Ascend World Elite

BMO Rewards benefits Airport lounge access

APPLY NOW You will be redirected