RewardsTravelMastercard

BMO Ascend World Elite Mastercard

BMO

Premium travel rewards card with up to 115,000 point welcome bonus, 5X on travel, and 4 free lounge passes.

The BMO Ascend World Elite Mastercard is a BMO Mastercard card with a $150 annual fee. It earns 5 BMO Rewards points per $1 on Eligible travel. Listed welcome offer value: Up to $1,900.

Last updated October 9, 2026Source: issuer page

Key facts

Annual fee: $150
Purchase interest rate: 21.99%
Cash advance rate: 23.99%
Earn rates: 5 BMO Rewards points per $1 on Eligible travel; 3 BMO Rewards points per $1 on Eligible entertainment; 3 BMO Rewards points per $1 on Eligible dining; 3 BMO Rewards points per $1 on Recurring bill payments; 1 BMO Rewards point per $1 on All other purchases
Welcome offer: Up to $1,900
Foreign transaction fee: 2.5%
Income requirement: $80,000 personal, or $150,000 household

How this score is calculated

Formula

Net annual value(50%)2.3
Welcome bonus(15%)5.0
Foreign transaction fee(10%)2.5
Insurance & perks(15%)2.5
Purchase interest rate(10%)2.5

What are the fees and rates?

Verified 2026-10-09

Annual Fee

$150

Purchase Interest Rate

21.99%

Cash advance: 23.99%

Minimum Income

$80,000 personal

or $150,000 household

Foreign Transaction Fee

2.5%

What rewards does this card earn?

The BMO Ascend World Elite Mastercard earns 5 BMO Rewards points per $1 on Eligible travel.

Eligible travel

5 BMO Rewards points per $1

Eligible entertainment

3 BMO Rewards points per $1

Eligible dining

3 BMO Rewards points per $1

Recurring bill payments

3 BMO Rewards points per $1

All other purchases

1 BMO Rewards point per $1

Is there a welcome offer?

Yes. The listed welcome offer value is Up to $1,900.

Up to $1,900 value: Up to 115,000 bonus points (60,000 with $5,000 in 110 days; +20,000 with $10,000 in 180 days; +35,000 with $20,000 in 12 months) plus up to $200 NEXUS credit, annual fee waiver, 4 lounge passes, 0% BT 12 months

Value: Up to $1,900

Applications Sept 15, 2026 - Dec 7, 2026

Pros

Massive 115,000 point welcome bonus potential
5X on travel, 3X on dining/entertainment/bills
4 free airport lounge passes + Mastercard Travel Pass
Up to $2M travel medical coverage
$200 NEXUS credit

Cons

$150 annual fee (can be waived with Premium Chequing)
$80K income requirement

What perks are included?

Mastercard Travel Pass (DragonPass) + 4 free lounge passes/year
Travel medical up to $2M for trips up to 21 days (unlimited trips/year)
Up to $200 NEXUS application credit
Instacart+ 6 months + $10/month credit
Pay with Points redemption
0% balance transfer intro rate for 12 months (2% fee)
$150 fee rebated annually with BMO Premium Chequing Account

What insurance is included?

Travel Emergency Medical – Up to $2M, 21 days per trip

Trip Cancellation

Trip Interruption

Rental Car Insurance

Frequently asked questions

What is the annual fee on the BMO Ascend World Elite Mastercard?

The BMO Ascend World Elite Mastercard has a $150 annual fee.

What rewards does the BMO Ascend World Elite Mastercard earn?

5 BMO Rewards points per $1 on Eligible travel; 3 BMO Rewards points per $1 on Eligible entertainment; 3 BMO Rewards points per $1 on Eligible dining; 3 BMO Rewards points per $1 on Recurring bill payments; 1 BMO Rewards point per $1 on All other purchases