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Watch This Before Getting the BMO Air Miles World Elite Mastercard Honest Breakdown InsideTravel. Book travel through any provider of your choice and redeem your. BMO Rewards points using Pay with Points to cover the cost �. BMO Ascend World Elite�* Mastercard � $ annual fee The annual fee is waived in the first year � a savings of $ � % for purchases � % for. The exchange rate for converting foreign currency transactions to Canadian dollars (for Canadian dollar cards) and to U.S. dollars (for U.S. dollar cards) is.