Back

BMO CashBack® World Elite®* Mastercard®*  🇨🇦

BMO CashBack World Elite Mastercard RGB Fre – for online -1-
Apply Now
Welcome Bonus
Up to $260 cash back
Ends Nov 30, 2024
  • 5% cash back on groceries
  • 3% cash back on gas
  • Accepted at Costco
Annual Fee
$120
First Year Annual Fee Rebate (terms apply)
Interest rates
Purchase Rates
20.99 %
Cash Advance Rates
23.99 %
Balance Transfer Rates
23.99 %
Best credit card Cash Back Mastercard
See all cards from BMO
BMO CashBack World Elite Mastercard RGB Fre – for online -1-
BMO CashBack® World Elite®* Mastercard®*
Up to $260 cash back
Ends Nov 30, 2024
Apply Now

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
  • Access over 1 million Wi-Fi hotspots around the world – all at no added cost, and no added fees or roaming charges*
  • 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

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%
Purchase Rates 20.99%
Cash Advance Rates 23.99%
Balance Transfer Rates 23.99%

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 Nov 30, 2024
Welcome Bonus amount Up to $260 cash back
Minimum Spending Required $2,600
Minimum Spending Timeframe (Months) 3 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

There may be a daily maximum amount depending on the type of fees paid

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

The BMO® CashBack® World Elite®* Mastercard®* is one of the best cash back Mastercard credit card in Canada.

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 the BMO® CashBack® World Elite®* Mastercard®*, you earn between 2% and 5% cash back on many spending categories:

  • 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.

Milesopedia Links

Frequently Asked Questions

Alternative Cards

BMO AIR MILES Mastercard
BMO AIR MILES®† Mastercard®*  🇨🇦
1,500 miles
Ends Nov 30, 2024
First year value : $283
Apply Now
BMO AIR MILES World Elite Mastercard
BMO AIR MILES®† World Elite®* Mastercard®*  🇨🇦
3,000 miles
Ends Nov 30, 2024
First year value : $686
Best of July 2024
Apply Now
BMO Ascend™ World Elite®* Mastercard®*
BMO Ascend™ World Elite®* Mastercard®*  🇨🇦
Up to 100,000 Points
Ends Nov 30, 2024
First year value : $1,256
Apply Now
4 Milesopedia Rating