Offer
- Get up to 10% cash back in your first 3 months and the $120 annual fee waived in the first year*
- Earn more cash back on the categories that mean the most:
- 5% on groceries*
- 4% on transit including ride sharing, taxis and public transportation*
- 3% on gas and electric vehicle charging*
- 2% on recurring bill payments like your monthly phone bill or favourite streaming service*
- 1% unlimited cashback on all other purchases*
- Get the highest cash back earn rate on groceries in Canada.*
- Get valuable benefits and offers for digital everyday services from a variety of on-demand apps and subscription services
- Complimentary membership in Mastercard Airport Experiences provided by LoungeKey*.
- Complimentary Roadside Assistance Program*
- Extended Warranty Plus*
- Purchase Protection Plus*
- BMO CashBack World Elite Travel and Medical Protection*
- Unlock Mastercard Travel Rewards cashback offers when you travel and shop outside of Canada
Card Awards
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Fees & Conditions
Value
Advantages
Earnings
Per dollar of purchases
Insurance
Travel Insurance
There may be a daily maximum amount depending on the type of fees paid
Other Insurance
Our review
BMO CashBack® World Elite®* Mastercard®* is one of Canada’s best cash back Mastercard credit cards.
For a limited time, you will earn up to 10% cash back on select purchases for the first 3 months (that’s up to $260 cash back). Besides, the annual fee is waived in the first year!
With BMO CashBack® World Elite®* Mastercard®*, you get between 2% and 5% cash back on many categories of purchases:
- 5% on grocery purchases (on the first $500 you spend monthly)
- 4% on transit (on the first $300 you spend monthly)
- 3% on gas and electric vehicle charging (on the first $300 you spend monthly)
- 2% on recurring bill payments (on the first $500 you spend monthly)
Everywhere else, you’ll earn 1% cash back, including at Costco.
Finally, it is one of the only credit cards in its category to offer an extended warranty of 2 additional years.
Frequently Asked Questions
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What is the welcome offer on BMO CashBack® World Elite®* Mastercard®*?
Up to 10% cash back for the first three months and $120 annual fee waiver for the first year.
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What is the cash back rate on specific purchases?
5% on groceries, 4% on transportation, 3% on gas and electric vehicle recharging, 2% on recurring payments, and 1% on other purchases.
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Does the card offer the highest cash back rate on groceries in Canada?
Yes, it offers the highest cash back rate on groceries in Canada.
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What digital advantages does the card offer?
Access to exclusive offers via various on-demand applications and subscription services.
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Does the card offer any advantages in terms of Internet access?
Yes, access to over a million Wi-Fi hotspots worldwide at no extra cost.
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What is the airport lounge membership policy?
Complimentary membership in Mastercard Airport Experiences provided by LoungeKey*.
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What types of insurance are included with the card?
Includes Extended Warranty Plus, Purchase Plus and Travel Insurance.
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