BMO CashBack® World Elite®* Mastercard®*

BMO CashBack® World Elite®* Mastercard®*

A great cash back Mastercard credit card. Earn up to 5% cash back on your purchases.

Take advantage of this exceptional welcome offer for a limited time: 10% cash back for the first 3 months and the first-year free!

Welcome Bonus

Up to 200 $ cash back

Best For

Value
Year 1

$860

Years 2 and +

$420

Annual Fee

$120

First Year Annual Fee Rebate (terms apply)
Interest rates
Purchase Rates

20.99 %

Cash Advance Rates

23.99 %

Balance Transfer Rates

Your Monthly Spending

Offer

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*
  • 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 $80,000
Household Income $150,000
Annual Fee $120
First Year Annual Fee Rebate
First Additional Card $0
Foreign Transaction Fee 2.5%
Purchase Rates 20.99%
Cash Advance Rates 23.99%
Cash Advance Rate (QC) 21.99%

Value

Year 1
Years 2 and +
Welcome bonus
0 $
Annual credit
Travel benefits
VIP lounges
First Year Annual Fee Rebate
-
First-Year Offer Value
Accumulated rewards
Annual fee
Net value
Value

Reward points value

We have established a valuation of the reward point in cents for each loyalty program. More information on the points valuation page.

First-year value

For all credit cards offers, we estimate the value of the welcome offer (bonus, annual fee rebate) in the first year, plus the value of the rewards earned based on your purchases entered in the calculator for the six categories:

  • Groceries
  • Gas/Transit
  • Meals
  • Travel
  • Bills
  • Other purchases

First-Year Net Value = Welcome Bonus Value + Benefits (Annual Credit, VIP lounges, etc.) + Earned Rewards First-Year Annual Fee

Value of subsequent years

For the value of subsequent years, we consider the earned rewards based on your purchases indicated in the calculator and any benefits offered.

Subsequent years’ net value = Earned Rewards + Benefits (Annual Credit, VIP lounges, etc.) Annual fee

VIP lounges:

For credit cards with complimentary airport lounge access, this benefit is calculated as follows:

  • 1 access = $40
  • Unlimited access = $400 (the value of 10 annual visits)

Advantages

Welcome Bonus Up to $200 cash back
Minimum Spending Required $2,000
Minimum Spending Timeframe 90 day(s)
Concierge
Costco

Earnings

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

Insurance

Common Carrier Travel Accident Insurance Amount $500,000
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 $65,000
Purchase Protection - Amount $60,000
Purchase Protection - Duration 90 day(s)
Travel Medical Insurance
Extended Warranty
Extended Warranty - Duration 1 year
Insurance Document Learn More

Card Awards

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