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BMO® Ascend® World Elite Business Mastercard® review

Name: BMO Ascend World Elite Business Mastercard
Brand: BMO

4.4Rated by the CreditCardGuru Editorial Team

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

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Written by

CreditCardGuru Editorial Team

Rewards & Cards Research

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Cite this page

“BMO® Ascend® World Elite Business Mastercard® Review (2026)” — CreditCardGuru, https://creditcardguru.ca/cards/bmo-ascend-world-elite-business-mastercard, updated June 7, 2026.