This is perfect for those who love to travel and could use a little adventurous spirit in their lives, the BMO Ascend World Elite Mastercard may just be the credit card for you. This unsecured credit card of the highest type in terms of privileges presents a large number of unforgettable emotions. 

Think about getting rewards on every dollar spent, agreeing various airport lounges, and having all expenses covered by insurance. Every trip is an exciting trip with the BMO Ascend World Elite Mastercard. So are you as eager as I am to get cracking with all that is available in this card?

Main features of the BMO Ascend World Elite Mastercard 

The Ascend World Elite Mastercard is a credit card offered by a well established bank in the form of Bank of Montreal (BMO) and directed towards the so called affluent consumers who can appreciate the luxury products. 

This card is directed at those individuals or households earning a minimum of $80,000 every year or $150,000 per household per year This card offers a long list of high value travel and purchase reward designed for smart travelers and active spenders. 

To earn points, it has 5X points on travel purchases, 3X points on dining, entertainment and recurring bills and 1X points for all other purchases which makes the earning value good. Besides, the card has travel and medical insurance, entitled to access to airport lounges, as well as numerous other benefits that place it into a separate league in its category.

Understanding the annual fee 

It is $150 per year as an annual fee for the BMO Ascend World Elite Mastercard card, but let me assure you, the value that you will be getting is much way beyond this amount. Even more advantageous, the BMO does not charge the annual fee on the first year, meaning that one can be discerning with the Points and the various card perks without having to dish out any money.

Deciphering credit limits

The credit limit for the BMO Ascend World Elite Mastercard is given dependent on several factors that the company looks at so as to find out the most suitable credit limit that fits the credit worthiness of the card holder. This is true when you apply for the card because BMO evaluates your income, credit record and general financial standing as a measure of determining a credit limit. 

Advantages of the BMO Ascend World Elite Mastercard

• 5x Points on Travel Purchases: Get more value for your money; be sure to redeem 5 points for every dollar spent on all travel activities .
• 3x Points on Dining and Entertainment: Dine out and get triple points or attend an entertaining event.
• 3x Points on Recurring Bill Payments: Triple points added to your Namest recurring payments, so you can get more for less.
• Airport Lounge Access: This is accompanied by a free membership into the DragonPass Mastercard Travel Pass that allows the fruit fly four visits absolutely for free annually.
• Comprehensive Travel Insurance: Take advantage of extended health care for 21 days out of province/country emergency medical, trip cancellation/interruption insurance and so much more.

Standout advantage

Travel insurances are another area of strength for the BMO Ascend World Elite Mastercard. The emergency medical benefits of up to $5 million means you’re well-covered when it comes to medical emergencies. The trip out of the province or country is as equally covered with an assurance of 21 days, hence enabling the exploration with calm. 

Addressing potential drawbacks

• High Annual Income Requirement: The card is issued to a person with a high annual income so as to qualify for the card they must meet this requirement.
• Annual Fee: However, there is a catch! This card has an annual fee of $150 but the first year of having the card is free.
• Limited Earning Potential for Non-Travel Spending: The point earning rates are calculated with lower rates especially with the non travel related purchases.

Standout disadvantage

The main drawback of the BMO Ascend World Elite Mastercard is rather an elevated income requirement per year. This card comes with a minimum individual income of 80000 USD or $150000 for a household, and that makes it very selective. 

Eligibility criteria 

Applicants should be Canadian citizens or permanent residents, and have not been bankrupt for the past seven years. You must also be the prescribed minimum age dependent on the province or territory and this is; 18 years in Alberta, Manitoba, Ontario, Prince Edward Island, Quebec, and Saskatchewan while other provinces and territories are 19 years. 

In addition, you have to meet the minimum income criteria of $80000 per individual or $ 150000 per household. The merit to be accrued follows fulfilling the following conditions which qualify one for this credit card.

How to apply for the BMO Ascend World Elite Mastercard

Applying for the BMO Ascend World Elite Mastercard is also easy and fast. Convenient as it is, BMO offers different ways by which you can apply, be it online application, application using the mobile application, or if you want personal help in its branches. 

Via website

To apply for a BMO credit card, users only need to go to the official website of the bank and select credit cards. From there, one will be able to locate the application of the Ascend World Elite Mastercard. The form is to assist you in entering the necessary details like the personal details, income, and employment details. After submitting the application, you should receive a quick response on the feedback of your status. 

Through the mobile application

The application process is just as accessible if customers wish to apply using their mobile devices; this is through the BMO Mobile Banking App. Once the application is available for download in the App Store or Google Play, enter your BMO online banking usernames and passwords. Go to credit cards and choose the Ascend World Elite Mastercard. The app will facilitate the online application by entering your details directly into your Mobile device.

Through the store/branch

To apply in-branch, it is necessary to find out the branch’s location and use your branch number and address on the BMO website branch locator. If so, make an appointment, and take the identification and proofs of income in order to complete the process. The application process in the branch guarantees that you are provided with all the necessary assistance and recommendations concerning your application.