BMO Cashback World Elite Mastercard Question

Hi,


can somebody help me out with a couple of questions.

1. I got an email from BMO, saying that I achieved World Elite status,
and to upgrade to the BMO Cashback World Elite Mastercard before may 31 2022.

So if I accept, will this mean a hard credit check or soft check since BMO
already have my info?


2. The World elite thing,

I heard that you need to spend at least 15000$ yearly on your credit card to keep using it.

Is this true?
Will Mastercard look closely at the spending each year or is that number for annual spend flexible?


3. Finally

Is this credit card worth it?
I don't have any credit card right now with annual fees.
120 $ per year is a little bit high.
Does the credit card perks and the cashback make the fees more digestible?


Thank You