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BMO Ascend World Elite Mastercard
- Annual fee: $150
- Earning rates: 5 points per $1 spent on eligible travel purchases; 3 points per $1 on dining, entertainment and recurring bill payments; 1 point per $1 spent on every part else
- Welcome bonus: You can collect as much as 70,000 points
- Annual income requirement: Personal income of $80,000 or household income of $150,000
5 things you’ll want to know concerning the BMO Ascend World Elite Mastercard
- The card permits you to earn BMO travel rewards The BMO Rewards program permits you to earn BMO points in your bank card purchases, which you’ll be able to redeem for travel expenses equivalent to flights (including all taxes), hotels, cruises and vacation packages. The BMO Ascend World Elite Mastercard earns you 5 points per dollar on travel, 3 points per dollar on dining and entertainment, and 1 point per dollar on every part else – a competitive offer.
- The card offers a generous sign-up bonus New members can Earn as much as 70,000 points
- You get access to the airport lounge BMO Ascend World Elite Mastercard cardholders receive a free Mastercard Travel Pass membership from DragonPass, which entitles them to VIP access and 4 free annual passes valid at 1,000 airport lounges world wide.
- It comes with great travel insurance The BMO Ascend World Elite Total Travel and Medical Protection package is an attractive and beneficial profit, providing out-of-province/international emergency medical coverage as much as $5 million, in addition to flight delay or cancellation and lost or delayed baggage coverage (including the insurance of non-public items) and the insurance of collision damage when renting a automobile. If purchased individually, this coverage could cost around $120 per trip, but cardholders get it for an infinite variety of trips, each lasting as much as 21 days.
- It is usually accepted While most major bank card providers have extensive international coverage, Mastercard has a bonus because the only accepted brand Costco.
How do I redeem my BMO rewards?
With BMO Rewards, the redemption process is as easy as logging into your account. To redeem rewards, you should use the full-service online travel agency or shop of their catalog. You can book with any airline with no blackout dates or seat restrictions. BMO also offers price matching, so you’ll be able to ensure you are getting the easiest deal.
What are BMO Rewards points value?
Points redeemed for travel are value $1401 ($0.007 per point), mThat means you would like 35,000 points for $250 in travel expenses. Importantly, you need not have a minimum points requirement, or perhaps a minimum points redemption requirement, to book a visit – and you’ll be able to pay for anything your points don’t cover by deducting the quantity out of your card. Redeeming gift cards and merchandise is just as easy (you pick from a web based catalog), but you usually get less value out of your points in comparison with traveling. Finally, you’ll be able to redeem your points for financial products, but this selection comes with a big discount. For 7,000 Points can earn you $50 in a BMO investment account (which is about $50). $0.007 per point)or for 15,000 points you’ll receive $50 credited to your bank card bill (roughly $0.003 per point). With all of those redemption options, the BMO Rewards program is amazingly flexible – which is considered one of the important reasons it is so popular – but for the easiest point-to-dollar ratio, travel rewards are the solution to go.
Does the BMO Ascend World Elite Mastercard have travel cancellation insurance?
The BMO Ascend World Elite Mastercard has a robust travel protection package, the cardboard offers each trip cancellation and trip interruption insurance. The card covers you as much as $1,500 for the non-refundable, non-transferable portion of your canceled trip. BMO is there for you even in case your trip is interrupted, because it covers as much as $2,000 for one-way flight costs and any unused, non-refundable prepaid plans.
Does the BMO Ascend World Elite Mastercard provide lounge access?
With the BMO Ascend World Elite Mastercard you get a free membership to the Mastercard Travel Pass, which provides you 4 annual airport lounge visits, which will be utilized in 1,000 airport lounges worldwide.
How can I best profit from this card?
While the BMO Rewards program offers quite a few redemption options, travel rewards offer you the perfect value—with no seat restrictions or lockouts. There are also the cards Airport lounge access in addition to travel and medical insurance, and you’ve got a really competitive product for travelers.
Are there any disadvantages to BMO? Ascend World Elite Mastercard?
Despite a really strong performance in lots of respects, there are some disadvantages that try to be aware of. First, the BMO Ascend World Elite Mastercard has an income limit of $80,000 per 12 months for a person (or $150,000 per household).d an annual fee of $150 (Most travel cards cost around $120). For high earners, $30 a 12 months may not be that necessary, however the fee might offer you pause, especially considering that some cards offer more lucrative bonus categories. The For example, Scotiabank Gold American Express offers 5 Scotia Points for dining and groceries. Finally, the BMO Rewards website could use some work, as it’s the portal through which users must make redemptions. Improvements in website speed would go a great distance in customer satisfaction and help cement the brand’s repute as a top-notch provider. The $150 The annual fee for the BMO Ascend World Elite Mastercard is nothing to sneeze at, but for frequent flyers, the travel rewards greater than offset the price. If you are excited by BMO cards but don’t desire to earn travel rewards, take a look at our list of the perfect BMO bank cards.
Is the BMO Ascend World Elite Mastercard definitely worth the annual fee?
The answer as to if the BMO Ascend World Elite Mastercard is definitely worth the high annual fee of $150 will depend on several aspects. If you’re a frequent flyer and frequent traveler and earn greater than the cardboard charges, the reply is yes. The annual fee would most probably be offset by the free lounge access and travel insurance if you happen to were paying for these two services out of pocket each time you travel. On the opposite hand, the high income requirement and annual fee could also be a barrier for some and a reason to decide on one other card as an alternative. And if you happen to’d somewhat earn money as an alternative of points, this may not be the perfect alternative since there isn’t any such offer with the cardboard.
