Offer
- Welcome offer: Get up to 10% cash back in your first 3 months and earn an additional $75 cash back bonus when you spend $25,000 in your first year. Plus, we’ll waive the $120 annual fee 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*
- Unlimited 1% cash back 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
- Free membership of the Mastercard Airport Experiences program provided by LoungeKey.
- 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
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.
Right now, for a limited time, you’ll get up to 10% cash back for the first 3 months, for a maximum return of $260 on $2,600 in purchases.
You’ll also receive an additional $75 bonus if you spend at least $25,000 in the first year.
Plus, there is no annual fee for 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 are the cash back rates on specific purchases?
5% on groceries, 4% on transportation, 3% on gasoline 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?
Free membership of the Mastercard Airport Experiences program 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.
Alternative Cards
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