Up to 115,000 points*
Apply Now*Terms and conditions apply. BMO is not responsible for maintaining the content on this site. Please click on the Apply Now link for the most up to date information.
$771
First-year value
115,000
BMO Rewards points
$150
Annual fee
First Year Free
Based on minimum spend to earn the full welcome bonus and Prince of Travel's valuation of BMO Rewards points at 0.67 cents per point.
Limited Time Offer: Get up to $1,900 in value including up to 115,000 points, Mastercard Travel Pass & 4 Complimentary Lounge Passes, NEXUS Statement Credit and the annual fee waived in the first year for both the primary cardholder and authorized users.* Plus, get a 0% introductory interest rate on balance transfers for 12 months with a 2% transfer fee.*
Offer ends December 7, 2026
Travel
(up to $15,000/year, 1x after)
Dining & Entertainment
(up to $10,000/year, 1x after)
Everything Else
Last updated: September 15, 2026
The BMO Ascend™ World Elite®* Mastercard®* is long-reigning backbone of the BMO Rewards program, and it also comes with a great insurance package.
For a limited time, from September 15 to December 7, 2026, the BMO Ascend™ World Elite®* Mastercard®* offers up to $1,900 in value, including up to 115,000 BMO Rewards points, complimentary membership in Mastercard Travel Pass provided by DragonPass with four lounge passes, a NEXUS statement credit, and the annual fee waived in the first year for both the primary cardholder and authorized users.*
The points come in three stages. You'll earn 60,000 points after spending $5,000 in the first 110 days, a further 20,000 points after spending $10,000 in the first 180 days, and 35,000 points after spending $20,000 in the first 12 months, for a total of 115,000.*
Plus, you'll get a 0% introductory interest rate on balance transfers for 12 months with a 2% transfer fee.*
The card comes with an annual fee of $150, which is waived in your first year for both primary cardholders and authorized users.*
The earning rate on the BMO Ascend™ World Elite®* Mastercard®* is as follows:
3 BMO Rewards points per dollar spent on dining, entertainment, and recurring bill payments, up to $10,000 per category per calendar year*
1 BMO Rewards points per dollar spent on all other purchases*
Since BMO Rewards can be redeemed at the rate of 0.67cpp, these earning rates are equivalent to an effective 3.35%, 2.01% and 0.67% return, respectively.
These are respectable returns on a premium card, although some might choose to earn more valuable points currencies through a product like the American Express Platinum Card instead (since BMO Rewards points can only be redeemed at a fixed value, rather than transferring out to higher-value airline partners).
However, the BMO Ascend™ World Elite®* still makes for a solid Mastercard option to keep in your wallet alongside an Amex product as well.
*Terms and conditions apply. BMO is not responsible for maintaining the content on this site. Please click on the Apply Now link for the most up to date information.
Up to 115,000 points*
Apply Now*Terms and conditions apply. BMO is not responsible for maintaining the content on this site. Please click on the Apply Now link for the most up to date information.
Last updated: September 15, 2026
BMO Rewards points are worth 0.67 cents per point (cpp) when redeemed against the cost of travel booked via the BMO Rewards online portal (at a fixed rate of 150 BMO Rewards points = $1).*
Therefore, the total signup bonus of 115,000 BMO Rewards points can be redeemed as $767 worth of travel. Plus, you'll earn more points from everyday spending as you work towards the spending requirements.
BMO Rewards points can also be redeemed at 0.5cpp against any statement purchase (at the rate of 200 BMO Rewards points = $1), but the value in doing so is clearly not as strong, so you should always aim to use your BMO Rewards points to book travel, if possible.*In terms of perks and benefits, this card offers complimentary membership in Mastercard Travel Pass provided by DragonPass, with four annual complimentary lounge passes that let you access the airport lounge and relax before your flight (either on four occasions for a solo traveller, two occasions as a couple, etc.) Additional lounge visits will cost $32 (USD) apiece.
You'll also get up to $200 rebate on NEXUS application fee in the first year.
Plus, you'll receive up to $200 in Instacart benefits, made up of six months of complimentary Instacart+ membership and a $10 monthly Instacart credit once you enroll your eligible BMO credit card.*
The BMO Ascend™ World Elite®* Mastercard®* offers an outstanding insurance package, including:
Emergency medical insurance of up to $5 million for the first 21 days on out-of-province trips
Trip cancellation insurance for up to $1,500 per insured person and $5,000 per trip overall
Flight delay benefits of up to $500 per trip for reasonable expenses incurred on a flight delay of four hours or more
Car rental insurance and Collision Damage Waiver benefits, which allow you to save on the insurance fees that car rental companies usually charge
70,000 BMO Rewards points
