Are you looking for a new credit card that offers great rewards, travel benefits, and insurance coverage? If so, then the BMO Ascend World Elite® Mastercard® may be a good option for you. This premium credit card comes with a variety of benefits and perks that can help you save money on travel, dining, and entertainment.
Top Benefits and Rewards
The BMO Ascend World Elite® Mastercard® comes packed with various benefits and rewards designed to enhance your lifestyle and financial well-being. Let’s delve into the specifics:
Accelerated Rewards Earning
- Travel: Earn an impressive 5x the points for every $1 you spend on eligible travel purchases, making your dream vacations even more rewarding.
- Dining & Entertainment and Recurring Bills: Enjoy 3x the points for every $1 spent on dining, entertainment, and recurring bill payments, adding a touch of luxury to your everyday life.
- Everyday Spending: Earn 1 point for every $1 spent on all other purchases, ensuring that every transaction counts.
- Welcome Bonus: Kickstart your rewards journey with up to 90,000 points and have the annual fee waived in the first year, both for the primary cardholder and authorized users.
Travel Enhancements
- Airport Lounge Access: Relax and unwind before your flights with complimentary membership in Mastercard Travel Pass provided by DragonPass, which also grants you 4 free lounge passes annually.
- Travel and Medical Protection: Travel with peace of mind knowing you have 21-day out-of-province/out-of-country emergency medical coverage of up to $5 million.
- Car Rental Savings: Enjoy discounts of up to 20% on National Car Rental® and Alamo Rent A Car®, and up to 5% on Enterprise Rent-A-Car® when you book through the Car Rental Booking tool.
More Savings & Perks
- Fuel Discounts: Save up to seven cents per litre on Shell® fuel, helping you stretch your budget further.
- Wi-Fi Access: Stay connected on the go with free access to over 1 million Wi-Fi hotspots worldwide through Boingo Wi-Fi for Mastercard Cardholders.
- Cirque du Soleil Discounts: Enjoy 20% off admission to Cirque du Soleil shows touring Canada and 15% off resident shows in Las Vegas.
Flexible BMO Rewards Redemption Options
- Points for Savings or Investments: Secure your financial future by redeeming your points for contributions to BMO savings or investment accounts.
- Direct Points Redemption: Apply your points directly to eligible purchases for instant gratification.
- Pay with Points for Travel: Cover the cost of flights, hotels, car rentals, and more using your accumulated points.
- Merchandise Redemption: Treat yourself to a wide selection of merchandise using your points.
With this structured breakdown, the array of benefits and rewards associated with the BMO Ascend World Elite® Mastercard® becomes even more apparent, showcasing its potential to enrich various aspects of your life.
Fees & Interest Rates
While the BMO Ascend World Elite® Mastercard® offers a wealth of benefits, it’s essential to be aware of the associated fees and interest rates to make an informed decision.
- Annual Fee: The card carries an annual fee of $150. However, this fee is waived for the first year, and you can continue enjoying this waiver by holding a BMO Premium Chequing Account.
- Interest Rates:
- Purchases: The current interest rate for purchases is 20.99%. This is the rate applied to any unpaid balance carried over from one billing cycle to the next.
- Cash Advances: Cash advances come with a higher interest rate of 22.99%. It’s advisable to avoid cash advances whenever possible due to the higher interest charges.
- Balance Transfers: The balance transfer interest rate is also 22.99%. While balance transfers can be a helpful tool for consolidating debt, be mindful of the interest charges and aim to pay off the transferred balance as quickly as possible.
Remember, interest rates are subject to change. It’s crucial to review the cardholder agreement and any communications from BMO to stay updated on the current rates.
By understanding the fees and interest rates associated with the BMO Ascend World Elite® Mastercard®, you can make informed financial decisions and maximize the benefits while minimizing any potential costs.
How to Apply for BMO Ascend World Elite® Mastercard®
Ready to embrace the benefits of the BMO Ascend World Elite® Mastercard®? Applying is simple and can be done in a few easy steps:
- Check Your Eligibility: Before applying, confirm you meet the age, credit history, and income requirements.
- Choose Your Application Method: Apply conveniently online through the BMO website or visit a BMO branch for personalized assistance.
- Gather Your Documents: Have your ID, proof of income, and proof of address ready to support your application.
- Submit and Await the Decision: Fill out the application accurately and completely. BMO will review your information and notify you of their decision.
- Activate and Enjoy: Once approved, activate your new card and start reaping the rewards!
Remember:
- Provide accurate information to avoid delays.
- Maintain a good credit score for better approval chances.
- Contact BMO customer service if you have any questions.
With these simple steps, you’re well on your way to experiencing the premium benefits of the BMO Ascend World Elite® Mastercard®.
