How to Apply for your Credit Card: BMO Ascend World Elite Mastercard
The BMO Ascend World Elite Mastercard is a premium credit card that offers a range of benefits and rewards. With this card, you can enjoy exclusive travel perks, competitive interest rates, and exceptional customer service. The BMO Ascend World Elite Mastercard offers an array of benefits that cater to frequent travelers seeking exceptional value and convenience.
Benefits
- Travel rewards: Earn points on all purchases, which can be redeemed for flights, hotel stays, and more through the BMO Rewards program. Plus, enjoy no blackout dates or seat restrictions
- You can gain complimentary access to over 1,200 airport lounges globally through the Mastercard Airport Experiences provided by LoungeKey program
- You can receive travel medical coverage, trip cancellation/interruption insurance, and rental car collision/loss damage insurance for added peace of mind
- Priority Pass membership: Enjoy discounted access to exclusive airport lounges worldwide, providing a comfortable and convenient travel experience
- You can benefit from 24/7 access to a dedicated concierge team that can assist with travel bookings, dining reservations, event tickets, and more
- Premium privileges: Take advantage of special privileges such as room upgrades, dining credits, and late check-outs at participating hotels
Prerequisites
To apply for the BMO Ascend World Elite Mastercard, applicants must meet certain requirements, which areas given below:
They must be a Canadian resident, have reached the age of majority in their province or territory, have a minimum annual personal income of $80,000 or a minimum household income of $150,000 and the estimated card score must be at least 560. Proof of income is sometimes required during the application process. Other factors such as credit history, debt levels, and employment status will also be considered. Meeting these requirements is necessary for individuals interested in applying for the BMO Ascend World Elite Mastercard and enjoying its benefits and features.
About BMO
BMO is a financial institution offering the BMO Ascend World Elite Mastercard. It has been in the market for several years and is one of the oldest banks in Canada, founded in 1817. BMO provides a range of banking and financial services, including personal and commercial banking, wealth management, and investment banking. With a strong presence in North America, BMO is known for its customer-centric approach, innovative products, and commitment to sustainability. The BMO Ascend World Elite Mastercard offers various benefits, such as airport lounge access, travel rewards, and insurance coverage.
Who is This Card for?
The BMO Ascend World Elite Mastercard is designed for frequent travelers seeking premium benefits and rewards. The target customer profile for this credit card includes individuals with a high income, excellent credit history, and a desire for luxury travel perks. The card offers a generous welcome bonus, accelerated points earning on travel and everyday purchases, airport lounge access, comprehensive travel insurance, and other exclusive benefits.
It is particularly suitable for individuals who frequently fly, stay at hotels, dine out, and prefer premium travel experiences. The card also provides added convenience with no foreign transaction fees and access to a dedicated concierge service.
Step by Step to Apply for the Card
For applying this card you need to follow the following steps:
- Go to the official BMO website and search for the BMO Ascend World Elite Mastercard.
- Click on the card’s information page to learn more about its benefits and features
- Click on the “Apply Now” button on the card’s page
- Fill in the required personal information, including your name, address, and contact information.
- Provide details about your employment, income, and financial status
- Review the terms and conditions of the card before applying for this card
- Submit your application
- Wait for a decision on your application from BMO for a few minutes
- Once approved, your BMO Ascend World Elite Mastercard will be sent to you by mail
You can also download the BMO bank app through the links given below.
Positives and Negatives of the Card
Positives
- Generous welcome bonus and rewards program that allows for earning and redeeming points on travel-related expenses
- Comprehensive travel insurance coverage, including trip cancellation and interruption, emergency medical, and car rental coverage
- Access to airport lounges worldwide through Mastercard’s LoungeKey program
- No foreign transaction fees, making it a suitable choice for international travelers
- Wide range of additional perks, such as concierge services and money-saving benefits at select hotels
Negatives
- High annual fee, which may be a deterrent for some cardholders
- High interest rates for balances carried month to month, which can lead to significant interest charges if not paid off in full
- The benefits heavily focus on travel-related expenses, limiting the card’s appeal for individuals who do not frequently travel
- Limited acceptance in some international locations, as BMO is primarily a Canadian bank
- Some cardholders have reported difficulties in redeeming travel rewards, particularly for certain flights or hotel bookings
How to Unlock the Card?
To unlock your BMO Ascend World Elite Mastercard and begin using it, follow these steps:
- Call the provided phone number or visit the activation website mentioned in the card package
- You will need to provide your card details, personal information, and security code
- Visit BMO’s website or download the mobile banking app to enroll in online banking
- Log in to your account: Use the registered username and password to log in to your online banking account
- Look for the section in your account that allows you to manage your credit cards
- Identify your newly received card in the list of credit cards linked to your account
- Click on the “Activate” or similar option next to your new card
- Follow the instructions to confirm the card’s activation
- Once activated, sign the back of the card to ensure it is valid for use
Your BMO Ascend World Elite Mastercard is now unlocked and ready to be used for purchases and transactions.
Fees and Interest Rates
This card has $150 annual fees but for the first year there is no annual fee and extra card fee is $50. If we talk about interest rates they are given below.
Purchase interest rates: (20.99%)
Cash interest rates: (23.99%)
Balance Transfer: (22.99%)
Cash advance interest rate for Quebec residents is 21.99%
Customer Service
- The Official Website
- Bank contact number: 1-800-363-9992
- The bank app for Android and iOS