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BMO Ascend World Elite Mastercard Credit Card Review - Watch Before you Apply1. First year Free (FYF) � 2. Sign-up bonus of 3, Air Miles � 3. Air Miles are useful for travel � 4. A decent MasterCard is handy to have � 5. | 5 reviews?? The BMO World Elite Mastercard is a great card not only for the fact that it offers great cash back rewards, but it also has many perks that I. Had this card for a few years and I have to say it's garbage for the most part. Their Dragon Pass and other supposed benefits almost never work.