BMO Ascend World Elite Business Mastercard

4 BMO Rewards points per $1 on office supplies, cellphone and internet bill payments, and gas; 1.5 points per $1 on everything else. BMO's terms page states the 4x categories are capped at $50,000 in annual spend. CONSERVATIVE READING: treat $50,000 as a SHARED cap across all three 4x categories combined, not $50,000 each. BMO's terms wording does not separate them. BMO does not state whether the cap resets on the calendar year or the account anniversary. Redemption: BMO publishes 150 points per $1 toward travel and 200 points per $1 toward non-travel redemptions, so the conservative point value is 0.5 cents.

Up to 150,000 BMO Rewards points across THREE tiers, per BMO's terms page: 50,000 after $10,000 in 110 days (recorded as 4 months); 50,000 after $20,000 in 180 days; 50,000 after $30,000 in 365 days. Applications accepted 2 June 2026 to 2 June 2027. Not available to current or former cardholders of this product. Bonus points are cancelled if the account is closed within 365 days; allow up to 8 weeks for posting. First-year annual fee waived for the primary card and up to 2 owner cards. BMO markets the whole package as 'up to $2,175 in value in the first year', which includes a $200 NEXUS statement credit, lounge and Instacart credits.

Travel medical up to $5 million for trips of up to 15 days. Trip cancellation up to $1,500 per person to a maximum of $5,000 per account. Flight delay up to $500 per account. Baggage up to $500 per person to a maximum of $1,000 per account. Car rental collision/damage up to 48 consecutive days. $200 NEXUS statement credit. Complimentary Mastercard Travel Pass membership provided by DragonPass PLUS two free lounge passes per year. The membership itself carries no free visits, so visits beyond the two passes are paid. 5 free Maple virtual care visits. Complimentary Instacart+ and $10 monthly Instacart credit. Liability Waiver Program against employee card abuse. Up to 2 owner cards and 22 employee cards. PRODUCT RENAME: this card sits at the legacy URL slug 'bmo-rewards-world-elite-business-mastercard'. It is the former BMO Rewards World Elite Business Mastercard rebranded to Ascend. Do not create two records. HEADLINE VS SUBSTANCE ON LOUNGE ACCESS: BMO advertises 'free membership for Mastercard Travel Pass provided by DragonPass'. The membership alone includes NO free visits; only two free passes a year are included and everything beyond that is charged per visit. The 150,000-point headline requires $30,000 of cumulative spend over a full year across three separate tiers. Only 50,000 points are reachable on $10,000 of spend. BMO markets the bonus as 'valued at $1,000' (0.67 c/pt, the travel redemption rate) while non-travel redemptions are 200 points per $1 (0.5 c/pt). No employee cards are free. Owner cards 1-2 are $50 each and employee cards 3-22 are $50 each; the first-year waiver covers only the primary plus 2 owner cards. BMO does not publish the foreign currency conversion fee in the BMO Business Mastercard Cardholder Agreement or on the product page. BMO does not state whether the $50,000 bonus-category cap is per category or shared, nor whether it resets on the calendar year or the anniversary.