To the point
Earn 10% Cash Back and the first year free with the BMO CashBack World Elite Mastercard!
Milesopedia recommends this card from BMO
BMO CashBack® World Elite®* Mastercard®*
🇨🇦
Up to $260 cash back
Welcome offer
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.
Specifically, when you apply for the BMO® CashBack® World Elite®* Mastercard®*, you’ll earn 10% cash back on up to $2,600 in purchases over the first three billing cycles based on purchases in these categories:
| Category | Amount | 10% Cash Back |
| Grocery | $500 | $50 |
| Public transport | $300 | $30 |
| Gas or electric recharge | $300 | $30 |
| Bill Payments | $500 | $50 |
| Other purchases | $1,000 | $100 |
| Total | $2,600 | $260 |
This is a welcome bonus of up to $260 Cash Back. And without any annual fee for your first year!
Cash back
1 to 5% Cash Back
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)
Note that on the Mastercard side, Walmart Supercenters fall under the grocery category, which should get you 5% cash back at Walmart.
Everywhere else, you’ll earn 1% cash back, including at Costco.
Get your CashBack faster
Unlike other credit cards with annual cashback, you earn this at each credit card statement with the BMO® CashBack® World Elite®* Mastercard®*.
There are two options:
- You can redeem for as little as $1
- You can have your CashBack rewards automatically deposited each time you reach $25 in your account
Credit card insurance
Three insurances stand out from the competition with the BMO® CashBack® World Elite®* Mastercard®*:
- Extended Warranty Plus
- Purchase Protection Plus
- Complimentary Roadside Assistance Program
Extended Warranty Plus
If you pay with your BMO® CashBack® World Elite®* Mastercard®*, this coverage increases the original manufacturer’s warranty period up to a maximum of two additional years.
So, if the product you buy has a one-year warranty, the BMO® CashBack® World Elite®* Mastercard®* Extended Warranty Plus will add two more years for a total of three years of warranty!
Purchase Protection Plus
Items purchased with your BMO® CashBack® World Elite®* Mastercard®* are automatically insured against theft or damage for up to 180 days from date of purchase (6 months)!
Most credit cards only offer 90 days (or 3 months).
Complimentary Roadside Assistance Program
The BMO® CashBack® World Elite®* Mastercard®* is one of the only credit cards in Canada to offer Complimentary Roadside Assistance.
This program include:
- free battery boosts
- flat-tire change
- delivery of emergency gasoline
- lockout service
- towing
- winch service if the vehicle is immobilized in mud, a ditch, or the snow
It’s a $69 annual value just by holding the BMO® CashBack® World Elite®* Mastercard®*!
Travel insurance coverage
The BMO® CashBack® World Elite®* Mastercard®* offers travel insurance:
| Insurance | Coverage |
| Emergency medical Benefits Out-of-province-of-residence |
under age 65 |
| Trip Interruption Insurance | up to $2,000 per person |
| Departure flight delay insurance | up to $500 per account |
| Lost or Stolen Baggage Insurance | up to $750 per person |
| Vehicle rental insurance |
Vehicle valued up to $65,000 theft of personal effects up to $2,000 |
Discount on Alamo and National car rentals
If you have the BMO® CashBack® World Elite®* Mastercard®*, you can get up to 25% discount for car rentals:
- National Car Rental (Contract 3717122)
- Alamo Rent a car (contract 7014883)
Bottom line
This is the best time to apply for the BMO® CashBack® World Elite®* Mastercard®* to get this 10% cash back welcome offer and the annual fee waived in the first year!
With this card, you’ll earn between 1% and 5% cash back on many everyday purchases such as groceries, transit, gas and electric vehicle charging, and recurring bill payments.
Come to discuss that topic in our Facebook Group!
