New cardmembers can earn up to 100,000 BMO Rewards points + up to $200 NEXUS statement credit + first year annual fee waiver by completing the steps below.
How to earn it
30,000 BMO Rewards pointsEarn 30,000 points after spending at least $4,000 in the first 110 days from account opening.
2,500 BMO Rewards points per month for 12 months (30,000 points total)Spend at least $2,000 in each monthly statement period.
40,000 BMO Rewards pointsSpend at least $30,000 during the first year of account membership.
Up to $200 NEXUS statement creditCharge an eligible NEXUS application or renewal fee to the card in the first year.
First year annual fee rebateMaintain an approved account; first year annual fee waived for the primary cardholder and authorized users.
Available to new BMO Ascend World Elite Mastercard cardholders who meet the offer requirements. Existing terms and exclusions apply as outlined by BMO.
How you earn
5x BMO Rewards points for every $1 spent on eligible travel purchases
3x BMO Rewards points for every $1 spent on eligible dining purchases
3x BMO Rewards points for every $1 spent on eligible entertainment purchases
3x BMO Rewards points for every $1 spent on recurring bill payments
1x BMO Rewards point for every $1 spent on all other eligible purchases
Built-in perks & coverage
Airport Lounge Access
Complimentary Mastercard Travel Pass membership provided by DragonPass plus 4 complimentary airport lounge visits each year.
Emergency Medical Insurance
Out-of-province and out-of-country emergency medical coverage up to $5 million per insured person for trips up to 21 consecutive days.
Trip Cancellation and Interruption Insurance
Coverage for eligible prepaid travel expenses if a trip is cancelled, interrupted, or delayed due to covered reasons.
Car Rental Collision and Loss Damage Insurance
Rental vehicle collision and loss damage coverage when eligible rentals are charged to the card.
Common Carrier Travel Accident Insurance
Coverage for accidental death or dismemberment while travelling on eligible common carriers.
NEXUS Statement Credit
Up to $200 statement credit toward a NEXUS membership application fee in the first year.
Instacart+ Membership
Complimentary six-month Instacart+ membership with eligible enrollment.
Monthly Instacart Credit
$10 monthly Instacart credit when enrolled with an eligible BMO credit card.
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Pay with Points
Redeem BMO Rewards points directly against eligible purchases, including travel and everyday spending.
Travel Redemption Flexibility
Redeem BMO Rewards points for flights, hotels, car rentals, cruises, vacation packages, and other eligible travel purchases booked through any provider.
Investment and Savings Redemptions
Redeem BMO Rewards points as contributions to eligible BMO savings or investment accounts.
Credit Coach Access
Free access to BMO Credit Coach for credit score monitoring with no impact on your credit score.
Card Security Controls
Lock, unlock, and report lost or stolen cards directly through BMO digital banking.
Transaction Disputes and PIN Management
Dispute eligible transactions and reset your PIN through the BMO mobile banking app.
The verdict
What we like
Generous rewards earning rates
Airport lounge access
Comprehensive insurance coverage
First-year annual fee waiver
Flexible travel redemptions
Annual fee rebate with Premium Chequing Account
Worth noting
Low point value
High income requirements
Limited complimentary lounge visits
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