Which has the lower annual fee, BMO Ascend World Elite Mastercard or Odyssey World Elite Mastercard?

The Odyssey World Elite Mastercard has a $130 annual fee, while the BMO Ascend World Elite Mastercard charges $150/year.

Which card is better for groceries, BMO Ascend World Elite Mastercard or Odyssey World Elite Mastercard?

The BMO Ascend World Elite Mastercard earns 0.7x on groceries, while the Odyssey World Elite Mastercard earns 3%. The better choice depends on your grocery spending and the specific merchants you shop at.

BMO Ascend World Elite Mastercard vs Odyssey World Elite Mastercard — Which Is Better? | Churnr

Header Quick Take Value Earn Rates Merchants Wallet Bonus FX Benefits Eligibility Perks Downgrade Verdict

Odyssey World Elite Mastercard wins by $474/yr — strongest in groceries

Odyssey World Elite Mastercard earns $321 more on groceries
Odyssey World Elite Mastercard earns $54 more on gas

Groceries: +$321Gas: +$54Entertainment: +$27

BMO Ascend World Elite Mastercard: $30/yr in foreign transaction fees

Odyssey World Elite Mastercard: $30/yr in foreign transaction fees

Showing Year 1 analysis

Dollar Value

$109

/first year

0.3% effective$9/mo

vs 1% no-fee card: −$310

Annual rewards earned+$289

FX costs−$30

Annual fee−$150

Winner

$583

/first year

1.4% effective$49/mo

vs 1% no-fee card: +$165

Annual rewards earned+$743

FX costs−$30

Annual fee−$130

Best for your spendingOdyssey World Elite Mastercard—$583Year 1 value

+$474 more than BMO Ascend World Elite Mastercard

Scroll down for the full breakdown

Earn Rates by Category

Wallet Optimizer

Neither card currently offers a welcome bonus.

Downgrade

Coming soon

The Bottom Line

Odyssey World Elite Mastercard wins by $474/yr — strongest in groceries

Odyssey World Elite Mastercard earns $321 more on groceries
Odyssey World Elite Mastercard earns $54 more on gas

Groceries: +$321Gas: +$54Entertainment: +$27

Showing Year 1 analysis

Odyssey World Elite Mastercard wins in both Year 1 and Year 2+ — consistent long-term value.

Data Sources

Issuer terms & conditions (verified Feb 2026)

Merchant MCC verification (239 merchants)

Insurance certificates (PDF review)

Reward program documentation

User-reported acceptance data

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