No time to apply right now?
Get this offer by email and pick up where you left off, whenever suits you.
Pros & Cons
Pros
- Welcome Bonus: 25,000 points
- Purchase protection included
- No annual fee
Cons
—
Our Review
The BMO Ascend Business Mastercard®* is a business credit card with no annual fee that earns BMO Rewards points on your everyday business spending.
Its limited-time welcome offer gives you 25,000 BMO Rewards points when you spend $3,000 in the first 110 days. It applies to applications received between June 2, 2026, and June 2, 2027. You also get a 0.00% introductory interest rate on balance transfers for nine months (a 3% transfer fee applies).
Here is how you earn points:
- 2 points per dollar on gas, office supplies, and cellphone and internet bill payments, up to $50,000 in eligible purchases per year
- 1 point per dollar on all other purchases
You then redeem your points on the BMO Rewards website. Pay with Points covers eligible travel purchases (flights, hotels, car rentals, vacation packages, cruises), starting at $1. You can also choose from more than 100 gift cards.
For your team, you can add up to 22 additional cards. The card includes a Liability Waiver Program against employee card misuse, 90-day purchase protection and extended warranty protection of up to one additional year.
The interest rate is 18.99% on purchases and 23.99% on cash advances.
Rewards
All Spending
1x
BMO Rewards pts per dollar
Gas
2x
BMO Rewards pts per dollar
Office
2x
BMO Rewards pts per dollar
Telecom
2x
BMO Rewards pts per dollar
Credit Card Rewards Calculator
See how much you could earn with this card based on your spending.
Points Earned
34,200
BMO Rewards/yr
Estimated Value
$229
After Fees
+$229
1st Year Value
$397
incl. welcome bonus
Annual rewards breakdown
Additional Benefits
Purchase Protection
Purchase Protection
Included
Extended Warranty
+1 year(s)
Fees and interest rates
- Annual Fee$0
- Purchase Rate18.99%
- Balance transfer rate23.99%
- Cash advance rate23.99%
- Balance Transfer Promo0%
Intro period: 9 months · Transfer fee: 3%
Terms & Conditions
Card Features
- Earn 25,000 BMO Rewards points when you spend $3,000 in net purchases within the first 110 days of account opening*.
- Get a 0.00% introductory interest rate on balance transfers for nine months (a 3% transfer fee applies)*.
- The offer applies to applications received between June 2, 2026, and June 2, 2027*.
- No annual fee.
Legal
*Conditions apply. The offer is not available to existing cardholders of this card or to former cardholders who reopen an account. See BMO’s terms and conditions for full details.
FAQ
What is the annual fee on the BMO Ascend Business Mastercard?
The BMO Ascend Business Mastercard has no annual fee. You earn BMO Rewards points without having to offset a yearly cost. If avoiding a fee is your priority, compare it with other no annual fee credit cards.
How many points do you earn per dollar?
You earn 2 BMO Rewards points per dollar on gas, office supplies, and cellphone and internet bill payments, up to $50,000 in eligible purchases per year. Beyond that cap, and on all other purchases, you earn 1 point per dollar. To learn how the program works, see our page on BMO Rewards.
What is the welcome offer on this card?
BMO offers 25,000 BMO Rewards points when you spend $3,000 in net purchases within the first 110 days of account opening. The offer applies to applications received between June 2, 2026, and June 2, 2027. Existing cardholders of this card and former cardholders who reopen an account are not eligible.
How do you redeem BMO Rewards points?
You redeem your points on the BMO Rewards website. Pay with Points covers eligible travel purchases, such as flights, hotels, car rentals and cruises, starting at $1. You can also choose from more than 100 gift cards. The issuer’s other cards are listed in our selection of the best BMO credit cards.
Does the card offer a low rate on balance transfers?
Yes, new cardholders get a 0.00% introductory rate on balance transfers for nine months, with a 3% transfer fee. After that period, the transferred balance is charged the cash advance rate of 23.99%. To compare, see our selection of the best balance transfer credit cards.
Which businesses is this card a good fit for?
The card suits a small business that wants points on everyday spending without paying an annual fee, especially if gas, office supplies and telecom bills make up a large share of its budget. You can add up to 22 cards for your employees. Compare it with other business credit cards before you choose.
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. Ratesopedia 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.
