BMO Ascend™* World Elite®* MasterCard®*

*Beta version of card page. Sign up to get updated guide soon.*

A good card for an easy-to-use travel credit and airport lounge passes


in free travel after $3,000 in 3 months

This is a lower than usual offer, but this card is good for those who prefer more flexible and easy-to-use points that can be applied to almost any travel expense.

The BMO Ascend World Elite MasterCard also offers free VIP access with 4 airport lounge passes, thanks to the complimentary membership in Mastercard Travel Pass provided by DragonPass.

The card has a good earn rate and is accepted at Costco. The welcome bonus of 30,000 points and the 6,000 you’ll earn to unlock it are a $240 travel value booked on and you get that for free as the $150 card fee is waived the first year.

You also get great insurance coverage (including for flights booked with points from other programs).

Finally, you get free access to over 1 million Wi-Fi hotspots around the world.

There is an additional monthly spend bonus also available (not included in our Flytrippers Valuation): Spend $2,000/month in the 12 months after the initial welcome bonus (months 4 to 15), and you will get a bonus of 2,500 BMO Rewards points ($17) every month. But Flytrippers doesn’t recommend that. You’re much better off using that spending to unlock more lucrative welcome bonuses.

Card offer ends December 6, 2022.

BMO is not responsible for maintaining the content on this site. Please click on the Get this card link for the most up to date information.

Welcome Bonus of 30,000 BMO Rewards points
= $200 (fixed-value of 0.67¢/pt)

Earning of 6,000 points on the $3,000 minimum spend
= $40 (at base earn rate)

Card fee
= $0 (1st year free promo)

Flytrippers Valuation of Welcome Bonus
= $240 in free travel
(fixed value)

+ all points earned with your regular purchases

After the $240 Welcome Bonus…

Earn rate at fixed value (= 0.67¢ per BMO Rewards point):

  • 2 pts (1.33%) per $ everywhere
  • 3 pts (2.00%) per $ in travel, restaurants, and entertainment

BMO Rewards points are fixed-value points, so they give you great flexibility but can not give you outsized value (or give you a good deal or “rebate” compared to the cash price).

They are almost 100% flexible, as they can be applied to many types of travel expenses as a travel credit. But you have to book via the BMO Rewards website, so you have to make sure they have the best price (they do have a price match feature though).

More details about BMO Rewards points coming soon.

Medical travel insurance (21 days; under age 65)
Trip cancelation insurance
Trip interruption/delay insurance
Flight delay insurance ($500; 6hr minimum)
Car rental insurance
Baggage delay/loss insurance
Hotel burglary insurance
Travel accident insurance
Purchase protection (90 days)
Extended warranty (1 year)

  • Welcome offer: Get up to 60,000 points and the annual fee waived in the first year for both the primary cardholder and authorized users.*
  • 5x the points for every $1 spent on eligible travel purchases,* 3x the points for every $1 spent on eligible dining and entertainment purchases and recurring bill payments,* 1 point for every $1 spent everywhere else.*
  • Now get the highest rewards points for travel of any premium flexible travel card in Canada!†
  • Complimentary membership in Mastercard Travel Pass provided by DragonPass,* with four annual complimentary passes.
  • Access over 1 million Wi-Fi hotspots around the world – all at no added cost, and no added fees or roaming charges*
  • Get valuable benefits and offers for digital everyday services from a variety of on-demand apps and subscription services
  • Points you can use to cover all flight charges & taxes*
  • Fly on any airline, with no blackout dates*
  • Best-in-class travel and medical insurance (unlimited trips per year)*
  • BMO Concierge Service*
  • Unlock Mastercard Travel Rewards cashback offers when you travel and shop outside of Canada
  • 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

“*Terms and conditions apply

†Statement based on a comparison of the redeemable value of the non-promotional travel rewards points earned on premium flexible Canadian credit cards as of May 3, 2022. “Flexible” is defined as points earned when you purchase travel anywhere and “premium” refers to cards with an annual fee of ≤ $150 or has an income requirement of ≤ $150,000 annual individual income.”

Detailed article on the credit card coming soon

BMO Ascend™* World Elite®* MasterCard®*

Offer Summary
  • $240 in free travel
  • 4 free airport lounges passes
  • Easy-to-use fixed-value points
  • Great insurance coverage
  • Good base earn rate
  • 24/7 travel concierge + Boingo Wi-Fi
  • Min. income req.: $80k or $150k household
  • Minimum spend of $3,000 to reach
  • Terms and conditions apply*

Detailed article on the credit card coming soon

Start getting travel rewards with the BMO Ascend World Elite MasterCard now

via BMO secure application

*Beta version of card page. Sign up to get updated guide soon.*

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