BMO Ascend Business Mastercard®*

The no-annual-fee BMO Ascend Business Mastercard earns you BMO Rewards points on all your business purchases. Use points for investments, travel, gift cards, and more.

$0.00
Annual fee
Learn more
$168◊
Welcome bonus
25,000 points
$277◊
Annual rewards
GC Ends:
Dec 31, 2026
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Monthly Spending:
$

Pros & cons

Pros

  • Earn 25,000 bonus points.
  • Earn up to 2 points per $1 spent on purchases.
  • No annual fee.

Cons

  • Low point value of 0.67 cents.
  • Limited insurance included.

Your rewards

$100 GeniusCash offer

On approval, receive $100 GeniusCash on us when you apply for BMO Ascend Business Mastercard using this offer page.

GeniusCash offer expires on Dec 31, 2026.

Getting your welcome bonus

Based on $3,000 in monthly spending, you can get up to 25,000 points which translates to an estimated $168.◊

For all welcome bonus details click here.

How you earn rewards

Each card earns rewards differently. Part of choosing your card is deciding what type of rewards you want to get. With BMO Ascend Business Mastercard, here's how you earn rewards:

  • 2 points per $1 spent on gas , office supplies, cellphones, internet bills
  • 1 point per $1 spent on all other purchases

For all reward details click here.

How much your rewards are worth

The dollar value of your rewards depends on the specific rewards program ‒ and what you choose to redeem your points for. For BMO Ascend Business Mastercard in particular, if you spend $3,000 per month, here's our estimated annual rewards earned depending on which reward you choose:

Travel $277
Investments $277
Experiences $269
Gift Cards $232
Merchandise $224
Rewards Points Calculator
Enter your rewards balance to calculate how much your points are worth. Review your redemption options and recommendations to get the most value.
Our recommendations:
Use your points for Travel, and Investments to get the most value.
$67
Avoid using points for Merchandise as this gives you the lowest value.
$54
Using your points for Travel, and Investments instead of Merchandise will save you $13.
Point Values
Redemption OptionPoint ValueTotal Value
Travel0.67 cents$67
Investments0.67 cents$67
Experiences0.65 cents$65
Gift Cards0.56 cents$56
Merchandise0.54 cents$54
Redemption Options
Travel
Redeem points for travel from any provider
$67
Investments
Turn points into deposits for select BMO investment accounts
$67
Experiences
Experiences from various providers
$65
Gift Cards
Assortment on gift cards from many retailers
$56
Merchandise
Wide assortment of merchandise
$54

Calculating your annual rewards

$36,000 annual spending x 0.77% return on spending = $277 annual rewards

$277 annual rewards − $0.00 annual fee = $277 net annual rewards

Details and eligibility

Estimated Credit Score
660 - 724
Personal Income
N/A
Household Income
N/A
Canadian resident who has reached the provincial age of majority.
Annual Fee
$0.00
Extra Card Fee
$0
Card type
Credit
Purchase
18.99%
Cash Advance
23.99%
Balance Transfer
23.99%
Balance Transfer
0.00%
Transfer Term
9 months

Insurance coverage

Extended Warranty
1 year
Purchase Protection
90 days

Please review your insurance certificate for details, exclusions and limitations of your coverage, terms and conditions apply.

Learn more about the value of credit card insurance coverage.

Genius Rating

BMO Ascend Business Mastercard's 4.1 Genius Rating is based on the weighted average of the following scores:

Rewards
1.6
Fees
4.3
Insurance
0.6
Interest
2.9
Perks
1.5
Approval
4.0
Acceptance
5.0

Methodology

All scores are produced by our math-based rating algorithm that takes into account over 126 credit card features.

Learn more about our rating methodology.

Key benefits

  • Earn 25,000 bonus BMO Rewards points when you spend $3,000 in the first 110 days.
  • Get a 0.00% introductory interest rate on Balance Transfers for 9 months with a 3% transfer fee.
  • Earn 2 points per $1 spent on gas, office supplies, cellphones, internet bills.
  • Earn 1 point per $1 spent on all other purchases.
  • Get automatic rebates of 1%–25% when you shop at qualifying merchants with Mastercard Easy Savings.
  • Enjoy 3 months of Instacart+ and a $5 monthly Instacart credit when you enroll your eligible BMO business credit card.
  • Get up to 35% off the base rates with Avis and Budget.
  • No annual fee.

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Rating Methodology

The most comprehensive credit card rating system in Canada.

126+ total data points analyzed
Data point breakdown