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Pros & Cons

Pros

  • +First Year Annual Fee Rebate ($149 annual fee rebated)
  • +Welcome Bonus: 100,000 points
  • +Up to 4x on Gas

Cons

  • Foreign Transaction Fee (2.5%)

Our Review

The BMO Ascend World Elite Business Mastercard is one of the best travel points-based Business Mastercard® credit cards in Canada. You can earn up to 100,000 points as a welcome bonus:

  • 20,000 points on your first purchase within 75 days of account opening;
  • 8,000 points per month when you spend at least $3,000 per monthly period, from the 3rd to the 12th month following account opening (for a total of 80,000 points).

Plus, there’s no annual fee for the first year! And you get 2 free annual visits to DragonPass airport lounges.

You can also benefit from a welcome interest rate of 0% on balance transfers for nine months (a 3% transfer fee applies).

With the BMO Ascend World Elite®* Business Mastercard, you earn 4 points for every dollar spent on:

  • gas purchases
  • office supplies
  • cell phone/internet payments

And 1.5 points for every dollar you spend, including at Costco or for significant purchases at home improvement stores.

You can use BMO Rewards points for all travel purchases made through the agency or website of your choice (plane tickets, hotels, rental cars, all-inclusive packages, Airbnb, etc.) or for rewards and gift cards on the BMO Rewards platform.

Additionally, you can combine the points earned with the two other BMO Rewards cards to save even more on your travel.

With the BMO Rewards® World Elite®* Business Mastercard® for Business, you benefit from various travel protections:

  • Collision Damage Waiver Insurance
  • Personal and Business Effects in a Rental Vehicle
  • Accidental Death or Dismemberment in a Rental Vehicle
  • Baggage and Personal Effects
  • Baggage insurance in case of delay
  • Flight Cancellation
  • Trip Interruption or Delay
  • Flight delay
  • Common Carrier Accident

And for your purchases :

  • Extended Warranty
  • Purchase Protection

Rewards

All Spending

1.5x

BMO Rewards pts per dollar

Gas

4x

Office

4x

Telecom

4x

Credit Card Rewards Calculator

See how much you could earn with this card based on your spending.

¢/ point
0.34¢2.01¢
Groceries1.5x
$700/month
Gas & EV4x
$200/month
Transit1.5x
$100/month
Restaurants1.5x
$300/month
Pharmacy1.5x
$50/month
Travel1.5x
$150/month
Bills & recurring payments1.5x
$250/month
Telecom4x
$150/month
Entertainment & streaming1.5x
$100/month
Office supplies4x
$0/month
All other spending1.5x
$500/month

Points Earned

55,500

BMO Rewards/yr

Estimated Value

$372

After Fees

+$372

1st Year Value

$1,042

incl. welcome bonus

Annual rewards breakdown

Groceries$8,400/yr × 1.5x12,600 pts
Gas & EV$2,400/yr × 4x9,600 pts
Transit$1,200/yr × 1.5x1,800 pts
Restaurants$3,600/yr × 1.5x5,400 pts
Pharmacy$600/yr × 1.5x900 pts
Travel$1,800/yr × 1.5x2,700 pts
Bills & recurring payments$3,000/yr × 1.5x4,500 pts
Telecom$1,800/yr × 4x7,200 pts
Entertainment & streaming$1,200/yr × 1.5x1,800 pts
Office supplies$0/yr × 4x0 pts
All other spending$6,000/yr × 1.5x9,000 pts
Total annual spend$30,000
Monthly spend$2,500
Average earn rate on spend per year1.85x
Average earn rate on spend 1st year with welcome bonus5.18x
Total points earned on spend55,500 pts
Welcome bonus points+100,000 pts
  • Earn 100,000 BMO Rewards after $30,000 in purchases in 12 months
Total points earned155,500 pts
Value of accumulated points$1,042

Travel Insurance

Travel Medical

Up to $5,000,000 / 15 days

Trip Cancellation

Up to $1,500

Trip Interruption

Up to $2,000

Delayed Baggage

Up to $500

Flight Delay

Up to $500

Hotel Burglary

Up to $1,000

Travel Accident

Up to $500,000

Purchase Protection

Purchase Protection

Included

Extended Warranty

+1 year(s)

Auto Rental

Up to $65,000 / 48 days

Interest Rates

  • Purchase Rate
    18.99%
  • Cash Advance
    23.99%
  • Balance Transfer Promo
    0%
  • Foreign Transaction Fee
    2.5%

Perks & Benefits

Airport Lounge

2 visits/year

Terms & Conditions

Card Features

Welcome offer:

  • Get up to $1,500 in value*! This includes up to 100,000 BMO Rewards points as a bonus in the first year (a value of $669)*.

Here’s how the welcome offer adds up:

  • $135 in value (20,000 BMO Rewards Points) when you make your first purchase*
  • Up to $535 in value (8,000 BMO Rewards Points from months 3-12) when you spend $3,000 each month*
  • $701 in value from your premium benefits*
  • Plus, your $149 annual fee is waived in the first year*
  • 0.00% introductory interest rate on Balance Transfers for 9 months with a 3% transfer fee.*
  • Earn 4 BMO Rewards points for every dollar spent on eligible gas and office supply purchases, as well as cell phone and Internet bill payments.
  • Earn 1.5 BMO Rewards points for every $1 you spend*
  • Complimentary membership in Mastercard Travel Pass provided by DragonPass, with two annual complimentary passes*
  • Save up to 7¢ per litre at all Shell® gas stations±, regardless of fuel type*

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Conditions apply. All information is believed accurate but not guaranteed. Card details, rewards, and offers are subject to change at any time. Always verify the latest terms on the issuer’s website before applying. EducFinance may receive compensation through affiliate links. This does not affect our editorial choices or card rankings. © 2026 BMO. All trademarks are property of their respective owners.