BMO Ascend™ World Elite®* Mastercard®* Review

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*BMO Ascend World Elite Mastercard applications must be received between December 15, 2025 and October 31, 2026 (the “Offer Period”) to be eligible for this offer. This offer is not available to current or former BMO Ascend World Elite Mastercard cardholders who reinstate a closed account or open a new account for the same card during the Offer Period. Existing BMO Credit Card Cardholders who transfer into this product during the Offer Period are not eligible for this offer. This offer may be withdrawn or changed without notice.

$1,600 in value is made up of:

Up to $667: Up to 100K Welcome Bonus Points (worth up to $667 when redeemed for travel-related purchases at 150 points = $1).

• Earn 45,000 BMO Rewards bonus points 110 days after the credit card account open date when you spend a minimum of $5,000 on net card purchases (less refunds and excluding cash advances, cash-like transactions, interest charges, fees, credit or debit adjustments) within the first 110 days of account opening.
• Earn an additional 20,000 BMO Rewards bonus points 180 days after the credit card account open date when you spend a minimum of $10,000 on net card purchases within the first 180 days of account opening.
• Earn a further 35,000 BMO Rewards bonus points 365 days after the credit card account open date when you spend a minimum of $20,000 on net card purchases within the first 12 months of account opening.
• Please allow up to 8 weeks after the conditions for each element of the offer are fulfilled for the bonus points to be credited to your BMO Rewards Account. If the Credit Card is cancelled within 365 days from the date it was opened, all Bonus Rewards earned within that period may be cancelled. To receive Welcome Bonus Points, your credit card account must be open and in good standing.
• Both eligible travel and non-travel purchases can be redeemed up to 90 days after the purchase date. To be eligible for the travel redemption rate of 150 points per $1 value, travel purchases must be made at merchants that are classified as airlines, car rental agencies, hotels/resorts, vacation packages, cruise lines, eligible vacation rentals, passenger railways, timeshares, travel agencies and tour operators. For all other non-travel purchases, you can redeem at a rate of 200 points per $1 value.
• Please refer to the Pay with Points section of bmorewards.com for extended Terms and Conditions.

Up to $200: NEXUS Statement Credit

• Receive one statement credit up to a maximum of $200 CAD when NEXUS Application Fee is charged and posted in the first year on your Primary card regardless of NEXUS Application status. To be eligible for the NEXUS Statement Credit, the Primary Account must be in good standing at the time of the NEXUS program membership application fee is charged and posted. BMO has no control over the NEXUS program and terms and conditions are defined by NEXUS Program.

$200: Annual Fee Waiver

• The Primary Cardholder annual fee of $150 will be rebated in the first year and will appear as a fee and a credit on the first statement.
• Each Additional Card annual fee of $50 will also be rebated in the first year if added at the time of primary cardholder’s application and will appear as a fee and a credit on the first statement.
• After the first year, the annual fee plus any additional cardholder fees will appear on your credit card statement twelve (12) months after the account open date.

Up to $270: Mastercard Travel Pass provided by DragonPass

• Includes a complimentary membership to participating lounges within the Mastercard Travel Pass provided by DragonPass program (approximate membership value of US$68 = $94 CAD based on exchange rate of 1.38 September 18, 2025)
• Receive four complimentary lounge passes each calendar year. Passes can be used by you as the primary cardholder or for a travelling companion (approximate lounge passes value of US$128 = $176 CAD based on exchange rate of 1.38 September 18, 2025). After the four passes are used, lounge access is available for a fee of US$32 per person, per visit.
• Cardholders must enroll for this benefit through the Mastercard Travel Pass App or program website using a valid Canadian-issued BMO World or World Elite Mastercard. Conditions of Use apply and are subject to change without notice.

Potential $300: First year BMO Rewards points

• Potential $300 (45,100 BMO Rewards Points) earned on everyday purchases based on first year average spend per account.

∆∆∆. Balance Transfer Welcome Offer:

a) Subject to these Terms and Conditions, each balance transfer amount is eligible for a promotional interest rate of 0% provided that each balance transfer is posted to your BMO CashBack World Elite Mastercard, BMO Ascend World Elite Mastercard, BMO Air Miles World Elite, or BMO eclipse Visa Infinite Privilege card. account (the “Account“) in the first 12 (twelve) statement periods from the Account open date (“Promotional Period”), and your Account remains in good standing. Offer is available to new customers only upon Account approval for applications submitted on or after December 15, 2025. Balances from other BMO credit card accounts are not eligible to be transferred. The promotional rate will no longer apply to your Account if you transfer into a card other than the BMO CashBack World Elite Mastercard, BMO Ascend World Elite Mastercard, or BMO Air Miles World Elite Card. Balance transfers apply to Canadian dollar amounts only.

b) Balance transfers do not qualify to earn loyalty rewards such as CashBack Rewards or BMO Rewards Points, Air Miles Points or VIPorter Points. Balance transfers are treated as cash advances and the promotional interest rate applies from the date the transactions are posted to your Account until the last day of the Promotional Period. After the Promotional Period expires, any remaining balance transfer amounts will be charged interest at the standard annual interest rate for cash advances. The promotional interest rate of 0% does not apply to purchases, fees, cash advances and other charges posted to your Account during the Promotional Period. Standard interest rates will continue to apply to those transactions. Please refer to your monthly statement for the interest rate applicable to your Account.

c) 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. For example, if an amount of $1,000 is transferred to your Account, you will be charged a fee of $20. You may request a balance transfer for as low as $100, as long as the transfer amount plus the fee, does not exceed the unused portion of the credit limit on your Account.

d) For residents outside of Quebec, if your account has balances with different interest rates, such as purchases with a standard interest rate and balance transfers with a promotional interest rate, any payment that exceeds the minimum payment will be allocated proportionately to those balances according to the terms set out in the BMO Credit Card Cardholder Agreement. For example, if you have a balance of $800 in purchases at the standard interest rate and a $200 balance transfer balance at a promotional interest rate, 80 percent of your payment will be allocated to your purchases balance and 20 percent will be allocated to your balance transfer amount balance.

For residents of Quebec, if your account has balances with different interest rates, such as purchases with a standard interest rate and balance transfers with a promotional interest rate, any payment that exceeds the minimum payment will apply first to the debt with the highest credit rate, then to other debts in decreasing order of credit rate according to the terms set out in the BMO Credit Card Cardholder Agreement. For example, if you have a balance of $800 in purchases at the standard interest rate and a $200 balance transfer balance at a promotional interest rate, and the standard interest rate is higher than the promotional interest rate, 100 percent of your payment will first be allocated to your $800 purchases balance and once the $800 is paid off, any excessive payments made will be allocated to your $200 balance transfer balance.

e) You will pay interest on purchases unless you pay your full Account balance by the payment due date. For example, if you complete a balance transfer for $5,000 and spend $2,000 in purchases during the same statement period, you must pay the entire balance of $7,000 before the payment due date to avoid paying interest on your purchases. You will be charged interest if you only pay the amount owing for your purchases. There is no interest-free grace period for cash advances or balance transfers.

f) To transfer balances from non-BMO credit card accounts, register for Online Banking or log in at bmo.com and do the following; select your Mastercard or Visa card account, then select Set up Balance Transfer or Pre-authorized payment, then select Credit Card Balance Transfer and follow the instructions to complete the transfer.

g) This offer may be withdrawn or changed without notice.