The BMO Ascend World Elite Business Mastercard earns up to 4x on gas & office supplies & phone & internet and carries a $149 annual fee (first year free). We estimate around $972 in first-year value. Figures are illustrative — verify current terms with BMO.
At a glance
Annual fee
$149
Welcome bonus
~$972
Foreign tx fee
2.5%
Network
MASTERCARD
Rewards
points
Purchase APR
20.99%
Rewards & earn rates
Gas & Office Supplies & Phone & Internet
4x
Everything Else
1.5x
Welcome offer: Up to ~$972 in first-year value.
Pros & cons
Pros
Earns 4x on gas & office supplies & phone & internet
Airport lounge access
Strong first-year value (~$972)
First Year Free on the annual fee
Cons
2.5% foreign transaction fee
High income requirement ($80,000 personal)
Perks & insurance
Key perks
Lounge Access
Insurance
Rates & fees
Annual fee
$149
Purchase interest
20.99%
Cash advance
22.99%
Foreign transactions
2.5%
Min. personal income
$80,000
First Year Free.
Last updated June 7, 2026Reviewed by CreditCardGuru Editorial Team
