
BMO® Ascend World Elite®*<br>Business Mastercard®*
on BMO's website
Pros
- ✓First Year Annual Fee Rebate ($149 annual fee rebated)
- ✓Welcome Bonus: 100,000 points
- ✓Up to 4x on Gas
- ✓Airport lounge access
- ✓Purchase protection included
- ✓Travel medical insurance included
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.
Points Earned
58,680
BMO Rewards/yr
Estimated Value
$393
After Fees
+$393
1st Year Value
$1,063
incl. welcome bonus
Annual rewards breakdown
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 Rate18.99%
- Cash Advance23.99%
- Balance Transfer Promo0%
- Foreign Transaction Fee2.5%
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*
FAQ
What is the welcome offer on the BMO Rewards® World Elite®* Business Mastercard®*?
Up to 100,000 BMO points and $149 fee waived for the first year.
How are points earned?
4 points per dollar on gas, office supplies and telephone/internet payments; 1.5 points per dollar elsewhere.
What travel benefits does the card offer?
Access to over 400 VIP airport lounges with two annual passes.
What is the balance transfer policy with this card?
Rate of 0.00% on balance transfers for nine months, with a 3% transfer fee.
Is the card accepted at Costco?
Yes, it can be used at Costco stores in Canada.
What are the benefits for employees with this card?
Get up to 22 additional cards for your employees.
What are the security benefits for companies?
Liability waiver program for employee card misuse.
Legal
*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
Related Cards
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.



