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Best for: First-Year Annual Fee Rebate

The BMO Ascend™ World Elite® Mastercard® offers a first year annual fee rebate (regular fee $150/yr). It comes with a welcome bonus of 100,000 points. You earn 1x on groceries and 3x at restaurants. Estimated first-year value is $1,048.

First-Year Annual Fee Rebate
Annual Fee
$150 $0
Rewards rate
1x

BMO Rewards

Welcome Bonus
Up to 100,000 points
1st Year Value
$1,048

Pros

  • First Year Annual Fee Rebate
  • Welcome bonus of 100,000 points
  • 3x at restaurants
  • Estimated 1st-year value of $1,048

Cons

  • Requires good credit
Best for: First-Year Annual Fee Rebate

The BMO VIPorter World Elite® Mastercard® offers a first year annual fee rebate (regular fee $199/yr). It comes with a welcome bonus of 70,000 points. You earn 2x on groceries and 2x at restaurants. Estimated first-year value is $1,734.

First-Year Annual Fee Rebate
Annual Fee
$199 $0
Rewards rate
1x

Porter VIPorter

Welcome Bonus
Up to 70,000 points

Ends Oct 31, 2026

1st Year Value
$1,734

Pros

  • First Year Annual Fee Rebate
  • Welcome bonus of 70,000 points
  • 2x on groceries
  • 2x at restaurants

Cons

  • High annual fee ($199)
  • Requires good credit
Best for: No annual fee

The Rogers Red World Elite® Mastercard has no annual fee, making it risk-free to hold. You earn 1.5x on groceries and 1.5x at restaurants. Estimated first-year value is $450.

Annual Fee
$0
Rewards rate
1.5x

Cash Back

Welcome Bonus
1st Year Value
$450

Pros

  • No annual fee
  • Estimated 1st-year value of $450

Cons

  • No welcome bonus
  • Requires good credit