BMO Ascend World Elite® Mastercard®: Learn About Benefits, Fees, and Eligibility to Apply
In today’s fast-paced world, having a reliable credit card is essential for managing finances, earning rewards, and accessing exclusive benefits. The BMO Ascend World Elite®* Mastercard®* is a top-tier credit card designed to cater to the needs of discerning Canadians.
With its robust rewards program, travel benefits, and comprehensive purchase protection, this card is a valuable tool for anyone looking to maximize their financial potential.
Whether you’re a frequent traveler, a savvy shopper, or someone who values financial security, this card offers a range of features that can help you achieve your goals.
By understanding the full scope of its benefits and how to apply, you can make an informed decision about adding the BMO Ascend World Elite®* Mastercard®* to your financial arsenal.
History of BMO
Founded in 1817 as the Bank of Montreal, BMO is Canada’s oldest bank and has a rich history of innovation and customer service. Over the years, BMO has grown into a leading financial institution with a presence in North America and around the world. Known for its commitment to helping customers make real financial progress, BMO continues to offer a range of products and services designed to meet the diverse needs of its clients. The bank’s historical milestones include establishing the first bank branch in North America and continuously adapting to technological advancements in banking services.
Benefits of the BMO Ascend World Elite®* Mastercard®*
The BMO Ascend World Elite®* Mastercard®* offers a host of benefits that make it an attractive choice for consumers. Here are some of the key features:
Rewards Points
One of the main attractions of the BMO Ascend World Elite®* Mastercard®* is its rewards program. Cardholders earn points on every purchase, which can be redeemed for a variety of options including travel, merchandise, gift cards, and more. For example, you earn 3 BMO Rewards points for every $1 spent on travel, dining, and entertainment purchases, and 1 point for every $1 spent on all other purchases. These points can be accumulated quickly, allowing you to enjoy significant rewards in a short amount of time.
Travel Benefits
For those who love to travel, the BMO Ascend World Elite®* Mastercard®* offers a range of travel-related perks. Cardholders receive access to airport lounges worldwide through the Mastercard Airport Experiences provided by LoungeKey, along with four complimentary passes per year. Additionally, the card includes travel and medical insurance, trip cancellation/interruption insurance, and baggage delay insurance, ensuring peace of mind while you’re on the go.
Exclusive Offers and Coverage
This card also provides purchase protection and extended warranty coverage, safeguarding your purchases against damage, theft, or loss for up to 90 days. The extended warranty doubles the manufacturer’s warranty period, up to an additional year. Moreover, BMO Ascend World Elite®* Mastercard®* cardholders can take advantage of exclusive offers and discounts on a wide range of products and services, from dining and entertainment to shopping and travel.
Loan Options and Installment Programs
The BMO Ascend World Elite®* Mastercard®* offers flexible payment options and installment programs that make managing your finances easier. Cardholders can convert eligible purchases into manageable monthly installments through BMO’s Plan & Pay program. This allows you to spread the cost of larger purchases over a set period, making it easier to budget and avoid high-interest charges.
In addition, BMO offers competitive interest rates on cash advances and balance transfers. These options provide cardholders with the flexibility to manage their debt and access funds when needed.
Eligibility for the BMO Ascend World Elite®* Mastercard®*
To apply for the BMO Ascend World Elite®* Mastercard®*, applicants must meet certain eligibility criteria. These include:
- Age Requirement: Applicants must be the age of majority in their province or territory of residence.
- Credit Score: A good to excellent credit score is typically required to qualify for this card.
- Income Requirement: The minimum annual income requirement is $80,000 for individuals or $150,000 for households.
- Residency: Applicants must be Canadian residents.
It’s also important to note that there is an annual fee of $150 for the card, which is offset by the extensive benefits and rewards offered.
How to Apply
Applying for the BMO Ascend World Elite®* Mastercard®* is a straightforward process. Follow these steps to complete your application:
- Visit the Official Website: Go to the BMO Ascend World Elite®* Mastercard®* application page.
- Complete the Application Form: Fill in your personal details, including your name, address, and contact information. You’ll also need to provide information about your employment and income.
- Review and Submit: Carefully review your application to ensure all information is accurate. Submit the application and wait for a response from BMO.
If approved, you’ll receive your new BMO Ascend World Elite®* Mastercard®* in the mail, along with instructions on how to activate and start using it.
VISIT THE BANK`S OFFICIAL WEBSITE TO REQUEST YOUR CARDOpinion and Additional Tips
The BMO Ascend World Elite®* Mastercard®* is a powerful tool for anyone looking to maximize their rewards and enjoy exclusive benefits. However, it’s important to consider both the advantages and potential drawbacks before applying.
Pros:
- Generous Rewards Program: Earn points quickly and redeem them for a wide variety of rewards.
- Comprehensive Travel Benefits: Access to airport lounges, travel insurance, and exclusive offers.
- Purchase Protection: Extended warranty and purchase protection provide peace of mind.
Cons:
- Annual Fee: The $150 annual fee may be a deterrent for some, though the benefits can outweigh the cost.
- Income Requirement: The high minimum income requirement may exclude some potential applicants.
Environmental Impact
BMO has made strides in sustainability and environmental responsibility. The BMO Ascend World Elite®* Mastercard®* is part of BMO’s broader commitment to environmental, social, and governance (ESG) principles. The bank has initiatives in place to reduce its carbon footprint and promote sustainable business practices. By choosing this card, you’re supporting a bank that values environmental responsibility.
Additional Tips
- Use Your Points Wisely: Plan your spending to maximize rewards points, especially on travel, dining, and entertainment purchases.
- Monitor Your Credit: Regularly check your credit score and report to ensure you remain in good standing.
- Stay Informed: Keep an eye on BMO’s website and communications for new offers, promotions, and updates to the rewards program.
Customer Service
For assistance with your BMO Ascend World Elite®* Mastercard®*, you can contact BMO through various channels:
- Phone: 1-800-263-2263
- Website: BMO Website
- Email: Use the secure messaging option through BMO Online Banking.
- Mobile App: Download the BMO Mobile Banking app from Google Play or Apple App Store.
The BMO Ascend World Elite®* Mastercard®* offers a wealth of benefits that make it a valuable addition to your financial toolkit. Whether you’re looking to earn rewards, enjoy travel perks, or benefit from comprehensive purchase protection, this card has something to offer. Its robust rewards program allows you to accumulate points quickly on everyday purchases, which can be redeemed for a variety of valuable rewards. The travel benefits, including airport lounge access and travel insurance, provide peace of mind during your journeys. Additionally, the card’s purchase protection and extended warranty coverage ensure that your purchases are safeguarded against unexpected events.
By choosing the BMO Ascend World Elite®* Mastercard®*, you’re gaining access to a range of exclusive benefits designed to enhance your financial flexibility and security. Whether you’re a frequent traveler, a dedicated shopper, or someone looking to optimize their financial management, this card provides the tools and perks to help you achieve your goals.
Found this information useful? Check out other credit card choices for Canadians here.
