I'm existing owner too (and will be "former" owner in a month)
T&C at bottom
BMO is lame vs. AMEX giving recurring welcome bonuses
i.e. no current cardholder will EVER get any promo again probably
1 Applications must be received between March 19, 2014 and March 19, 2017. Full annual fee applies ($150) after the third year. Annual fees and all other applicable fees are subject to change.
2 BMO Rewards points that are awarded as a welcome bonus are only available to first time new BMO World Elite MasterCard cardholders and will not be awarded to current or former BMO World Elite MasterCard/BMO Rewards World Elite MasterCard cardholders who reinstate a closed account or subsequently open a new account.
If a cardholder cancels their BMO World Elite MasterCard within 30 days of opening the account and the annual fee is refunded to the cardholder, the welcome bonus will also be cancelled. The BMO Rewards points which are awarded as a welcome bonus will be reflected on the first statement following the cardholder's first purchase on the BMO World Elite MasterCard.
3 BMO Rewards Program redemptions are subject to fees and charges. Please see the fees, charges and pricing policy for details.