BMO CashBack® Mastercard®* World EliteMD*

Best credit card Cash Back Mastercard
BMO CashBack® Mastercard®* World Eliteᴹᴰ*
BMO CashBack® Mastercard®* World EliteMD*
Up to $480 cash back
Ends Oct 31, 2026
Apply Now

Offer

Welcome offer: Get up to $650 in value including $40 cash back each month in your first year. Plus we’ll waive the $120 annual fee in the first year.
Plus, get a 0% introductory interest rate on Balance transfers for 12 months with a 2% transfer fee.*

  • 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*
    • Unlimited 1% cash back on all other purchases*.
  • Enjoy six months of Instacart+ and a $10 monthly Instacart credit when you enroll your eligible BMO Credit Card.*
  • Get valuable benefits and offers for digital everyday services from a variety of on-demand apps and subscription services
  • Complimentary membership in Mastercard Travel Pass provided by DragonPass.*
  • Complimentary Roadside Assistance Program*
  • Extended Warranty Plus*
  • Purchase Protection Plus*
  • BMO CashBack World Elite Travel and Medical Protection*
  • Shop, eat and relax with our partners to receive offers when you travel and make purchases with your BMO World Elite Mastercard outside Canada.

Card Awards

Best credit card Cash Back Mastercard
Best Cash Back Credit Card fo Gas and Transit
Best cash back credit card grocery MC

Fees & Conditions

Personal Income $80,000
Household Income $150,000
Annual Fee $120
First Year Annual Fee Rebate
First Additional Card $50
Other Additional Card $50
Foreign Transaction Fee 2.5%
Balance Transfer
Balance Transfer Intro Duration 12 month(s)
Balance Transfer - Promotional Rate 0.00%
Balance Transfer Fees 2 %

Value

Calculate the rewards
Your Monthly Spending
Year 1
Year 2+
Welcome Bonus
0 $
Annual Credit
Travel benefits
VIP Lounges
First Year Annual Fee Rebate
-
First year offer value
Rewards Earned
Annual fee
Net value

Advantages

Offer ends on Oct 31, 2026
Welcome Bonus amount Up to $480 cash back
Minimum Spending Required $24,000
Minimum Spending Timeframe (Months) 12 month(s)
Costco

Earnings

Per dollar of purchases

All Spending 1 %
Groceries 5 %
Gas 3 %
Dining and Food delivery 1 %
Convenience Stores 1 %
Drugstores 1 %
Local Transport 4 %
Travel 1 %
Entertainment 1 %
Recurring Payments 2 %
Telecom/Internet 1 %
Streaming services 2 %
Online transactions 1 %
Office Supplies 1 %

Insurance

Travel Insurance

Insurance Name
Included
Amount
Duration
Travel Medical Insurance
Travel medical insurance up to 54 years old
$2,000,000
8 day(s)
Travel medical insurance up to 64 years old
$5,000,000
8 day(s)
Travel medical insurance 65+
Trip Cancellation Insurance
Trip Interruption Insurance
Common Carrier Travel Accident Insurance
$500,000
Flight Delay Insurance
$500
Delayed Baggage Insurance
$500
Lost/Stolen Baggage Insurance
$500
Auto Rental Loss/Insurance
$65,000
48 day(s)
Hotel/Motel Burglary Insurance
$1,000

This section sets out the maximum coverage amounts or periods. Please review your insurance certificate for details, exclusions and limitations of your coverage, terms and conditions apply.

Other Insurance

Insurance Name
Included
Amount
Duration
Extended Warranty
1 year
Purchase Protection
90 day(s)
Mobile Device Insurance
Price Protection
Insurance Document

Our review

BMO CashBack® World Elite®* Mastercard®* is one of Canada’s best cash back Mastercard credit cards.

Currently, for a limited time, you could earn up to $480 cash back in the first year. Specifically, you will earn $40 cash back for each monthly period in which you make $2,000 in purchases on your card.

Plus, there is no annual fee for the first year!

Additionally, you benefit from a 0% welcome interest rate on balance transfers for 12 months, as well as a 2% balance transfer fee.

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. It is also one of the only credit cards in its category to offer a 2 additional years extended warranty.

Finally, enjoy six months of Instacart+ membership and a monthly $10 Instacart credit when you sign up with your eligible BMO credit card.

Frequently Asked Questions

Alternative Cards

4

Receive our newsletter every week!

Savings are here (if you don’t see the sign-up form, please click here):

Milesopedia