Rewards Calculator Algorithm
You can either estimate rewards by inputting your spending habits manually or creating secure bank connections through our trusted financial partner mx.com and letting Finly analyze your spending in the past year.
Finly factors in all the reward limits and fine prints of every single credit card so you can be sure your results are as accurate as possible.
Note: The bank connections are not perfect, meaning that occasionally the connection may fail. This happens when the MX bank connector is unable to establish the link, which is beyond our control. If this occurs, please feel free to inform us and use the manual method as an alternative.
Your Spending
Modify your spending numbers and click update to get the most accurate reward estimates.
Restaurant, Fast Food & Coffee Shop
$
Grocery
$
Recurring Purchases (Bills, Subscriptions, Rent via Chexy)
$
Gas
$
Transportation
$
Entertainment (Movies, Concerts, etc.)
$
Foreign Purchases (Non $CAD)
$
Travel (Flights, Hotels, etc.)
$
Pharmacy
$
Online Shopping
$
Home Improvement (Renovation, Furniture)
$
Purchases at Canadian Tire, Sport Check, Lquipeur, Atmosphere, Party City, SportsRousseau, HockeyExperts, LentrepduHockey
$
Other Purchases Not Specified
$
Linked Credit Cards
Connect your existing credit cards starting with your most used one. After a successful connection, view all Canadian credit cards with their rewards ranked using your true spending habits.
Card Details
Based on $2,000 spending
First Year Value
$608.63
$157.13 in years after
Annual Rewards
$307.13
BMO Rewards
First Year Bonus
$301.5
BMO Rewards
Annual Fee
$150
$0
First Year Waived
First Year Value
$608.63
$157.13 in years after
Interest Rates
Cash Advance: 23.99%, for Quebec 21.99%
Purchase: 20.99%
Balance Transfer: 22.99%
Annual Fee
$150
$0
First Year Waived
Annual Income
Personal: $80,000
Household: $150,000
Credit Score
Good
Welcome Bonus
Get up to 90,000 points and the annual fee waived in the first year for both the primary cardholder and authorized users.
Card Type
Category: Points
Loyalty Program: BMO Rewards
Our Rating
2.8/5
Institution
BMO
Rewards
- 5x points per $1 spent on eligible travel purchases (up to $15,000 spent)
- 3x points per $1 spent on eligible dining, recurring bill payment and entertainment purchases (up to $10,000 spent per category)
- 1x point per $1 spent on all other eligible purchases
BMO Ascend™ World Elite®* Mastercard®* Points Calculator
Based on $2,000 spending
Rewards Ranking
Rewards Breakdown
Travel and Rental Car & Taxi
7,800 points
Food and drinks
12,600 points
Entertainment
5,760 points
Recurring Transactions
5,040 points
All other purchases
14,640 points
Annual Fee
- $150
Net Annual Rewards
45,840 points
Valued at $157.13 (after fees)
Rewards Summary
Net Annual Rewards
45,840 points
Valued at $157.13 (after fees)
First Year Card Bonus
45,000 points
Valued at $301.5
First Year Card Value
45,840 points
Valued at $608.63
Point Redemptions
Redemptions Chart
Travel
$458.63
Financial products
$458.63
Entertainment and Experiences
$431.38
Statement Credits
$304.2
Gift Cards
$286.03
Merchandise
$258.78
Insurance & Benefits
Insurance
Coverage
Purchase Protection
90 days
Extended Warranty
1 year
Emergency Out of province Medical
21 days
Travel Accident
$500,000
Trip Interruption
$2,000 per insured person
Trip Cancellation
up to $1,500/person, $5000 max
Flight Delay
$500
Baggage Delay
$500
Lost or Stolen Baggage
$500/person per trip, 1k per account max
Hotel Burglary Insurance
$1,000
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Personal Effects
$750
Car Rental Accident
$200,000
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Car Rental Damage & Theft
yes
Car Rental Personal Effects
$1,000
Benefits
Details
Airport Lounge - Dragon Pass
4 complimentary visits
Discount
Up to 7% discount on Booking.com prepaid hotel or property rental bookings
Discount
20% off admission to Cirque du Soleil shows touring Canada, and 15% off resident shows in Las Vegas
Car Rental Discount
20% off base rate of participating National Car Rental and Alamo Rent a Car and up to 5% on Enterprise Rent-A-Car
Boingo Wi-Fi hotspot
1 million Boingo Wifi hotspots worldwide
Pros & Cons
Pros
- Generous rewards: 5 points per $1 spent on travel, 3 points per $1 spent on dining, entertainment, and recurring bills, and 1 point per $1 on other purchases.
- Lounge access: Includes 4 free annual lounge passes through Mastercard Travel Pass.
- Comprehensive insurance: 14 types of insurance, including emergency medical and trip cancellation coverage.
- First year fee waived: Try the card for a year without paying the $150 annual fee.
Cons
- Low point value: Points are worth only 0.67 cents each, which is lower than other cards.
- High income requirements: Requires $80,000 personal income or $150,000 household income, making it inaccessible for many.
- Limited lounge availability: Users have reported issues with lounge access.