BMO CashBack® World Elite®* Mastercard®*

BMO CashBack® World Elite®* Mastercard®*

A great cash back Mastercard credit card Earn 1.5% cash back on all your purchases, including at Costco.

Take advantage of this limited-time welcome offer!



Welcome Bonus

10% cash back in your first 3 months

Best For

Annual Fee

First Year Annual Fee Rebate (terms apply)


  • 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*
  • Now earn the highest cash back 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

Fees & Conditions

Personal Income $80000
Household Income $150000
Annual Fee $120
First Year Annual Fee Rebate
Foreign Transaction Fee 2.5%
Purchase Rates 20.99%
Cash Advance Rates 22.99%
Cash Advance Rate (QC) 21.99%


Welcome Bonus 10% cash back in your first 3 months
Minimum Spending Required $2000
Minimum Spending Timeframe 90 day(s)
Rewards Type Cash Back
Transfer Partners Cashback
Loyalty Program Cashback
All Spending 1
Local Transport 4
Groceries 5
Gas 3
Streaming services 2
Recurring Payments 2



We estimate the value of the welcome offer during the first year for all the credit card offers. Are taken into consideration:

  • The value of cash back or points earned
  • The value of the benefits or credits earned with the Card
  • The annual fee value (offered or not)
Calculation of the offer value
in the first year
Value per point 1.0 ¢
Welcome bonus about $200
Annual fee $0
Value about $200


Common Carrier Travel Accident Insurance Amount $500000
Flight Delay Insurance Amount $500
Delayed Baggage Amount $200
Lost/Stolen Baggage Insurance Amount $750
Travel medical insurance up to 64 years old
Travel medical insurance up to 64 years old - Duration 8 day(s)
Auto Rental Loss/Insurance - Amount MSPP $65000
Purchase Protection - Amount $60000
Purchase Protection - Duration 90 day(s)
Medical Travel Insurance
Extended Warranty
Extended Warranty - Duration 1 year(s)
Insurance Document Learn More
4 Milesopedia Rating