Pros & Cons
Pros
- First Year Annual Fee Rebate ($175 annual fee rebated)
- Welcome Bonus: Up to 150,000 points
- Up to 4x at gas stations, on office supplies and on telecom
Cons
- High annual fee ($175/yr after the first year)
- Foreign Transaction Fee (2.5%)
Our Review
The BMO Ascend® World Elite®* Business Mastercard®* suits businesses that regularly pay for fuel, office supplies or telecom and can put their rewards toward travel. Two included airport lounge visits each year add value if you fly for work.
How to earn the 150,000 welcome points
- 50,000 points after $10,000 in eligible net purchases in the first 110 days.
- Another 50,000 points after $20,000 in total eligible net purchases in the first 180 days.
- Another 50,000 points after $30,000 in total eligible net purchases in the first 365 days.
The thresholds are cumulative from account opening. The offer applies to applications received through June 2, 2027. BMO rebates the primary cardholder’s $175 annual fee and the fees for the first two additional cards in the first year, subject to its terms.
Where your points add up fastest
- 4 points per dollar on eligible gas, office supplies and mobile and internet bills, up to a combined $50,000 in annual purchases.
- 1.5 points per dollar on other eligible purchases and on spending above the cap.
What that’s worth to a business that travels
With $1,000 in higher-earning purchases and $1,500 in other eligible purchases each month, the card would earn 75,000 points a year before the welcome bonus. At 150 points per dollar toward eligible travel, that’s $500 in travel credits, or $325 after the primary card’s annual fee. If you rarely travel, value the points based on how you actually plan to redeem them.
Rewards
All Spending
1.5x
BMO Rewards pts per dollar
Gas
4x
BMO Rewards pts per dollar
Office
4x
BMO Rewards pts per dollar
Telecom
4x
BMO Rewards pts per dollar
Credit Card Rewards Calculator
See how much you could earn with this card based on your spending.
Points Earned
55,500
BMO Rewards/yr
Estimated Value
$372
After Fees
+$372
1st Year ValueThese figures are estimates from our own calculator, based on our point valuations and the spending you enter. They are not the card issuer's valuation and have not been provided or endorsed by the issuer. Actual rewards may vary.
$707
incl. welcome bonus
Annual rewards breakdown
- Earn up to 50,000 BMO Rewards after $10,000 in purchases within the first 110 days, spend $265/mo more
- Earn up to 50,000 BMO Rewards after $20,000 in purchases within the first 180 days, spend $880/mo more
The calculation uses the maximum advertised welcome offer. Your actual offer may be lower or unavailable.
First-year advantages
- $175
Perks & Benefits
Airport lounge access
Accepted at Costco
Included
Travel Insurance
Travel medical (under 55)
Up to $5,000,000 / 15 days
Travel medical (55-64)
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
Fees and interest rates
- Annual Fee$175
First Year Annual Fee Rebate
- Additional card fee$50
- Foreign currency conversion fee2.5%
- Purchase Rate18.99%
- Balance transfer rate23.99%
- Cash advance rate23.99%
Eligibility
Personal Income
$80,000
Household Income
$150,000
Terms & Conditions
Card Features
Welcome offer:
- Get up to $2,175 in value*! This includes up to 150,000 BMO Rewards points as a bonus in the first year (a value of $1,000)*.
- Plus, your $175 annual fee is waived in the first year*
- 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*
Legal
*Conditions apply. BMO is not responsible for updating the content of this site. For the most up-to-date information, please click on the Online Application link.
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. Sparks and Bloom 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.


