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BMO Ascend World Elite Mastercard Credit Card Review - Watch Before you ApplyYou will be reimbursed for the prepaid portion of Your Trip charged to the Mastercard Account that is non-refundable and non-transferable to another travel date. Your BMO AIR MILES World Elite Mastercard provides you with comprehensive insurance coverage (if you are 65 or under), which may protect you in the event of a. Extended Warranty. Save the cost of buying optional extended warranty insurance on your next purchase by paying with your BMO credit card. This coverage doubles.