BMO CashBack^® World Elite^®* Business Mastercard^®*

The BMO CashBack World Elite Business Mastercard makes the most sense if you regularly charge fuel, recurring bills or shipping expenses to your business card. Those are the expenses that can justify the annual fee once the welcome offer ends.

Where you earn the most cash back

• 5% on eligible gas and electric vehicle charging.
• 4% on eligible recurring bill payments.
• 3% on eligible shipping, insurance, office supplies and telecommunications purchases.
• 1.25% on other eligible purchases.

The $1,000 cap per statement cycle applies separately to the 5%, 4% and 3% groups. Eligible purchases above each group’s cap earn 1.25%.

How to reach the $900 welcome cash back maximum

You can earn up to 15% cash back on certain eligible purchases in the first three billing cycles. To reach the $900 maximum, you would need to split $6,000 in eligible purchases across the following limits.

• $500 on gas and electric vehicle charging, for up to $75 cash back.
• $500 on recurring bill payments, for up to $75 cash back.
• $500 combined on shipping, insurance, office supplies and telecommunications, for up to $75 cash back.
• $4,500 on other purchases, for up to $675 cash back.

The offer applies to applications received from November 9, 2026, through December 14, 2027.

Is it worth the annual fee?

Take a small business with $300 in gas, $250 in recurring bills and $200 in shipping each month, all eligible. At the regular rates, it would earn about $31 a month, or $372 a year. That leaves $197 after the $175 annual fee, before any welcome bonus and excluding other purchases.

BMO waives the primary cardholder’s fee in the first year. Employee cards cost $75 each per year, starting in year one. DragonPass membership is included, and lounge visits carry a fee. If you spend little in the higher-earning categories or need several employee cards, run the numbers using your statements before choosing.