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BMO Credit Card Insurance Changes

To the point The insurance coverage on many BMO credit cards will change as of July 6, 2023. Here is a summary of these changes.

BMO credit cards affected by travel insurance changes

BMO Credit Card Travel Insurance Changes

There are several changes, but the most significant are the changes to the BMO Ascend World Elite Mastercard. It was a popular card because only a portion of the booked trip had to be charged to the card for the entire coverage to take effect.

From now on, this will no longer be the case. If you want this type of insurance, you should consider the National Bank’s World Elite Mastercard®, which has the best credit card insurance on the market.

Trips booked before July 06, 2023

A trip booked until July 5, 2023 will have the insurance coverage in effect at that time and there will be no change. This is true even if the trip takes place at any time after July 6, 2023.

If a trip is booked on or after July 6, it will be covered according to the changes.


It’s a shame to see advantageous insurance coverage for credit card holders diminish. Especially about charging a travel expense only partially on a credit card to be fully insured.

In return, they will change positively for some other coverages. It is up to each cardholder to know if the changes will still work for them after July 6, 2023.

Use the credit card comparison tool to find out which one is best for travel insurance.

Come to discuss that topic in our Facebook Group!
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Caroline Tremblay
I'm Caroline, a loyalty program specialist! I use my points to travel more often and at a lower price with my spouse and our two children. I'm passionate about writing about the latest rewards news and how to put more points in your pocket.

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