BMO Ascend World Elite Business Mastercard
Small business owners who spend heavily on gas, office supplies, and telecom bills.
VaultNerd estimate based on the card's tier and income requirements, not an official issuer cutoff. Approval also depends on income, debt, and credit history.
Our verdict
A well-rounded business rewards card with strong category multipliers, useful travel perks, and a generous first-year points offer.
Reward rates
Gas & office supplies Office supply store purchases also earn 4x | 4x |
Cell phone & internet bill payments | 4x |
All other purchases | 1.5x |
VaultNerd values these points at ~0.7¢ each.
Welcome bonus
Over $1,500 in value: up to 100,000 bonus BMO Rewards points in your first year (BMO values at $669) plus the $149 annual fee waived in year one
Pros
- 4x on common business categories like gas, office supplies and telecom bills
- Above-average 1.5x base earn rate
- Lounge passes and virtual healthcare included
Cons
- Points locked to BMO Rewards at ~0.7 cents each
- Travel medical coverage limited to 15-day trips
Perks
- Mastercard Travel Pass (DragonPass) membership with 2 free lounge passes per year
- Five free virtual care visits with a Canadian doctor through Maple
- Strong 1.5x base earn on all business spending
- Car rental discounts at National, Alamo, and Enterprise
- Lower 18.99% purchase interest rate than most rewards cards
Insurance
- Out-of-province/country emergency medical insurance (trips up to 15 days)
- Car rental collision damage waiver
- 90-day purchase protection
- Extended warranty insurance
Frequently asked questions
Is the BMO Ascend World Elite Business Mastercard worth it?
It charges a $149 annual fee, and we rate it 3.9 out of 5. It's best suited to small business owners who spend heavily on gas, office supplies, and telecom bills. The welcome bonus is worth roughly $850, which covers the first year for many people. Whether it's worth it for you depends on your spending. Run your own numbers through our credit card finder to see the net rewards after the fee.
What does the BMO Ascend World Elite Business Mastercard earn?
It earns 4x on gas & office supplies, 4x on cell phone & internet bill payments and 1.5x on all other purchases. We value these points at about 0.7¢ each, so the top rate works out to roughly 2.8% back.
What credit score do you need for the BMO Ascend World Elite Business Mastercard?
We'd suggest a score of around 725 or higher, which puts approval in our "hard" band. This is a VaultNerd estimate based on the card's tier and stated requirements. Approval also depends on your income, existing debt and credit history.
Researching and writing about Canadian personal finance since 2026.
Last reviewed June 2026 · How we research
“BMO Ascend World Elite Business Mastercard Review.” VaultNerd, https://www.vaultnerd.com/ca/credit-cards/bmo-ascend-world-elite-business, updated June 2026.
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