bmo ascend world elite mastercard

BMO Ascend™ World Elite®* Mastercard®*

APPLY NOW
BMO Preferred Rate Mastercard

BMO Preferred Rate Mastercard®

APPLY NOW

BMO Ascend™ World Elite®* Mastercard®* vs BMO Preferred Rate Mastercard®: Which one is better?


bmo ascend world elite mastercard

BMO Ascend™ World Elite®* Mastercard®*

3.1


RECOMMENDED CREDIT SCORE*

300
Poor
560
Fair
660
Good
725
Very Good
760
Excellent

BMO Preferred Rate Mastercard

BMO Preferred Rate Mastercard®

3.6


RECOMMENDED CREDIT SCORE*

300
Poor
560
Fair
660
Good
725
Very Good
760
Excellent

Rewards Breakdown

Annual Rewards

$307.13

BMO Rewards


First Year Bonus Value

$301.5

BMO Rewards


Annual Fee

$150

$0

First Year Waived


First Year Value

$608.63

$157.13 in years after

Based on $2,000/mo average spending. Calculate your rewards.

Rewards Breakdown

N/A

Insurance Included*

  • extended warranty

    Extended Warranty

    Double up to 1 year
  • purchase protection

    Purchase Protection

    90 days

  • lost baggage

    Lost or Stolen Baggage

    $500/person, $1K/trip
  • hourglass timer

    Baggage Delay

    $500/person, $1K/trip
  • car insurance

    Car Rental Damage & Theft

    $65,000 up to 48 days
  • heart lock

    Travel Accident

    $500,000/person
  • burglar

    Hotel Burglary Insurance

    $1,000
  • travel accident medical

    Emergency Out of province Medical

    $5M up to 21 days
  • cancel airplane

    Trip Cancellation

    $1,500/person, $5K/trip
  • pause

    Trip Interruption

    $2K/person, $10K/trip
  • hourglass timer

    Flight Delay

    $500 after 4 hours

Insurance Included*

  • extended warranty

    Extended Warranty

    Doubled up to 1 year
  • purchase protection

    Purchase Protection

    90 days

Extra Benefits*

  • car rental

    Car Rental Discount

    20% off base rate of participating National Car Rental and Alamo Rent a Car and up to 5% on Enterprise Rent-A-Car
  • alcohol cheers

    Airport Lounge - Dragon Pass

    4 complimentary visits
  • discount

    Discount

    Up to 7% discount on Booking.com prepaid hotel or property rental bookings
  • discount

    Discount

    20% off admission to Cirque du Soleil shows touring Canada, and 15% off resident shows in Las Vegas
  • discount

    Discount

    FlexiRoam: Stay connected around the world without a SIM card and get up to 15% off a Global Data Roaming plan plus up to 3GB of data, free.

Extra Benefits*

N/A

Interest Rates*

Purchase:

21.99%

Cash Advance:

23.99%

Balance Transfer:

23.99%

Interest Rates*

Purchase:

13.99%2

Cash Advance:

15.99%2

Balance Transfer:

15.99%2

Annual Fee*

$150

$0

First Year Waived

Annual Fee*

$29

Income Required*

Min Personal Income:

$80,000

Min Household Income:

$150,000

Income Required*

Min Personal Income:

N/A

Min Household Income:

N/A

Welcome Bonus*

Get up to 90,000 points and the annual fee waived in your first anniversary for both the primary cardholder and authorized users.*

Welcome Bonus*

Get a 0.99% introductory interest rate on Balance Transfers for 9 months with a 2% transfer fee*

Rewards Rate*

  • 5x points per $1 spent on eligible travel purchases (up to $15,000 spent)
  • 3x points per $1 spent on eligible dining, recurring bill payment and entertainment purchases (up to $10,000 spent per category)
  • 1x point per $1 spent on all other eligible purchases

Rewards Rate*

No rewards earned on this card

Loyalty Program*

Loyalty Program*

N/A

Point Redemption Options*

  • Most Optimal

    travel - plane

    Travel

    0.67¢ / point
  • finance money dollar

    Financial Products

    0.67¢ / point
  • entertainment popcorn

    Entertainment

    0.64¢ / point
  • cash coins

    Statement Credits (Cash)

    0.5¢ / point
  • gift card

    Gift Cards

    0.48¢ / point
  • online shop

    Merchandise

    0.45¢ / point

Point Redemption Options*

Not Applicable

Is this card worth it?

The BMO Ascend World Elite Mastercard is perfect for frequent travelers who want a premium card offering high earning rates on travel, dining, and entertainment, plus valuable travel perks like lounge access and comprehensive insurance coverage. If you travel often and can meet the income requirement, this card offers flexibility and peace of mind with both rewards and protection while you're on the go.

Is this card worth it?

If you plan to carry a balance on your credit card, this card offers a very low interest rate. However, there are other cards with no annual fee and slightly lower interest rates that you might want to consider as well.

Pros

  • Generous rewards: 5 points per $1 spent on travel, 3 points per $1 spent on dining, entertainment, and recurring bills, and 1 point per $1 on other purchases.
  • Lounge access: Includes 4 free annual lounge passes through Mastercard Travel Pass.
  • Comprehensive insurance: 14 types of insurance, including emergency medical and trip cancellation coverage.
  • First year fee waived: Try the card for a year without paying the $150 annual fee.

Pros

  • Low interest rate
  • Nice welcome offer for balance transfer

Cons

  • Low point value: Points are worth only 0.67 cents each, which is lower than other cards.
  • High income requirements: Requires $80,000 personal income or $150,000 household income, making it inaccessible for many.
  • Limited lounge availability: Users have reported issues with lounge access.

Cons

  • Annual fee while there are similar cards that don't have that fee with them
  • No benefits other than the most basic purchase protection and extended warranty

Legal


*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. Check here for full details and current product information.
**Terms and conditions apply. Each balance transfer is subject to a fee of 2% which will be charged to your account on the date the balance transfer is posted to your Account. 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. Check here for full details and current product information.
2 Terms and conditions apply. Each balance transfer is subject to a fee of 2% which will be charged to your account on the date the balance transfer is posted to your Account.

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