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Best for: 1st Yr Fee Rebate
5.0Ratesopedia rating

The BMO Ascend World Elite Mastercard offers a first year annual fee rebate (regular fee $150/yr). It comes with a welcome bonus of 115,000 points. You earn 1x on groceries and 3x at restaurants. Estimated first-year value is $1,195.

Best of Month1st Yr Fee Rebate
Annual Fee
$150 $0
Rewards rate
1x

BMO Rewards

Welcome Bonus
115,000 points
1st Year Value
$1,195

Pros

  • First Year Annual Fee Rebate
  • Welcome bonus of 115,000 points
  • 3x at restaurants
  • Estimated 1st-year value of $1,195

Cons

  • Requires good credit
Best for: 1st Yr Fee Rebate
5.0Ratesopedia rating

The BMO Ascend World EliteBusiness Mastercard offers a first year annual fee rebate (regular fee $149/yr). It comes with a welcome bonus of 100,000 points. You earn 1.5x on groceries and 1.5x at restaurants. Estimated first-year value is $1,063.

Best of Month1st Yr Fee Rebate
Annual Fee
$149 $0
Rewards rate
1.5x

BMO Rewards

Welcome Bonus
100,000 points
1st Year Value
$1,063

Pros

  • First Year Annual Fee Rebate
  • Welcome bonus of 100,000 points
  • Estimated 1st-year value of $1,063

Cons

  • Fewer premium perks
Best for: 1st Yr Fee Rebate
4.6Ratesopedia rating

The BMO eclipse Visa Infinite Card offers a first year annual fee rebate (regular fee $120/yr). It comes with a welcome bonus of 70,000 points. You earn 5x on groceries and 5x at restaurants. Estimated first-year value is $951.

1st Yr Fee Rebate
Annual Fee
$120 $0
Rewards rate
1x

BMO Rewards

Welcome Bonus
70,000 points
1st Year Value
$951

Pros

  • First Year Annual Fee Rebate
  • Welcome bonus of 70,000 points
  • 5x on groceries
  • 5x at restaurants

Cons

  • Requires good credit
Best for: No annual fee
3.8Ratesopedia rating

The BMO eclipse rise Visa Card has no annual fee, making it risk-free to hold. It comes with a welcome bonus of 25,000 points. You earn 2.5x on groceries and 2.5x at restaurants. Estimated first-year value is $381.

Best of Month
Annual Fee
$0
Rewards rate
0.5x

BMO Rewards

Welcome Bonus
25,000 points

Ends Jun 30, 2026

1st Year Value
$381

Pros

  • No annual fee
  • Welcome bonus of 25,000 points
  • 2.5x on groceries
  • 2.5x at restaurants

Cons

  • Fewer premium perks

Complete Guide

Best BMO Rewards Credit Cards in Canada

Compare BMO credit cards. Earn BMO Rewards points for travel, cash back, and merchandise.

Why BMO Rewards?

BMO offers a range of credit cards from cash back to travel rewards. The BMO Ascend World Elite Mastercard is a standout for frequent travellers with its strong insurance coverage and flexible redemption options through BMO Rewards.

5

Cards analyzed

Jun 2026

Last updated

100%

Independent

Methodology

Our team evaluates credit cards based on overall consumer value: rewards earning rates, annual fees, welcome bonuses, insurance coverage, and additional perks. Cards are ranked by estimated first-year value. We update our picks monthly.

📊Real data
🔄Updated regularly
⚖️Unbiased review
🎯Transparent criteria

FAQ

Frequently Asked Questions

1What are BMO Rewards points worth?

BMO Rewards points are worth about 0.7 cents each for travel redemptions, or 0.5 cents for statement credits. Best value is through the BMO travel booking platform.

Next step

Find your perfect card

Compare the best credit cards in Canada or calculate which card's rewards actually fit your budget.