BMO Ascend World Elite Mastercard

BMO's terms page states: 5 points per $1 on travel up to $15,000 in annual travel spend; 3 points per $1 on dining and entertainment up to $10,000 annually; 3 points per $1 on recurring bill payments up to $10,000 annually; 1 point per $1 on everything else. Conservative reading recorded in earn_cap_annual is the lowest per-category cap ($10,000). The caps are described as separate per-category annual caps, not one shared pool; spend above each cap earns the 1x base rate. BMO does not state whether the annual caps run on the calendar year or the card anniversary, reset basis NOT PUBLISHED. Cash advance fee 1.00% or minimum $5.00.

Up to 100,000 BMO Rewards points across three tiers: 45,000 for $5,000 spent within 110 days; a further 20,000 for $10,000 within 180 days; a further 35,000 for $20,000 within 365 days. Offer period December 15, 2025 to October 31, 2026. First-year annual fee waived for the primary card and for additional cards added at application. Also advertised: up to $200 NEXUS statement credit in the first year. Points post within 8 weeks and the account must stay open 365 days or BMO may cancel the points. Tier 1 months recorded as 4 because the true window is 110 days; the third tier does not fit the two-tier schema and is described here.

Out-of-province/country emergency medical up to $5 million per insured person, maximum 21 consecutive days (age limit not published on the product page). Trip cancellation and trip interruption included but amounts not published. Flight delay $500. Hotel burglary $1,000. Extended warranty doubles the manufacturer's warranty up to one additional year; purchase security 90 days. Mastercard Travel Pass membership with 4 complimentary lounge visits per year across 1,300+ lounges. NEXUS statement credit up to $200 advertised as a first-year benefit. 0% balance transfer promotion for 12 statement periods with a 2% transfer fee. The '5x on travel' is capped at $15,000 of annual travel spend and each 3x category is separately capped at $10,000. BMO's marketing page shows the multipliers with no caps; the caps appear only in the terms popup. The $200 NEXUS credit is a first-year-only benefit, not annual. The annual fee waiver is first year only, and the additional-card waiver only applies if the extra card is added at the time of application. '4 free lounge visits' is the entire lounge benefit. The Mastercard Travel Pass membership itself grants no unlimited access. BMO does not publish whether the earn caps reset on the calendar year or the anniversary.