BMO CashBack® World Elite®* Business Mastercard®*: Up to 5% Back on Business Spending
The BMO CashBack World Elite Business Mastercard earns 1.25% to 5% on everyday spending. See how much you need to spend to cover its $175 fee.
The BMO CashBack World Elite Business Mastercard earns you up to 5% cash back on everyday expenses: 5% at the pump and at EV charging stations, 4% on recurring bills, and 3% on shipping, insurance, office supplies and telecom. BMO waives the $175 annual fee in the first year.
Here is what each category earns you, and how much you need to spend for the card to cover its fee.
- Annual feeNo annual fee the first year
- $0 $175
- Our valuationMilesopedia first-year estimate First-year valueAnnual fee rebated$175Total$175Rewards on your spending are not included. The calculator that adds them from your own profile is on the card's page.
- $175
- Welcome offer
- Up to 15% cash back in the first three billing cycles, up to $900, on up to $6,000 in purchases allocated according to BMO’s category limits.
- Ends Dec 14, 2027
on BMO's website
A Rebate on Every Everyday Expense
Every eligible purchase earns you cash back, and the highest rates go where businesses spend the most.
| Eligible purchase category | Cash back |
|---|---|
| Gas stations and EV charging | 5% |
| Recurring bill payments | 4% |
| Shipping, insurance, office supplies and telecommunications | 3% |
| All other purchases | 1.25% |
These rates apply to eligible purchases, under BMO's conditions. In each of the 5%, 4% and 3% categories, the rate applies to the first $1,000 you spend per billing cycle; the rest earns 1.25%, like all other purchases.
To earn the bonus rate, the merchant must also be classified in the right category by Mastercard: BMO cannot guarantee that a merchant offering recurring payments qualifies, so check with them.
Already paying for fuel, your phone plan and insurance by card? Nothing changes in your routine except the card you use.
When the $175 Fee Pays for Itself
BMO waives the $175 annual fee in year one. After that, $3,500 of gas earns it back; the table shows the threshold for each category.
| Category | Annual spending to cover $175 |
|---|---|
| Gas and EV charging (5%) | $3,500 |
| Recurring bills (4%) | $4,375 |
| Shipping, insurance, office, telecom (3%) | $5,834 |
| Everything else (1.25%) | $14,000 |
Up to 15% Cash Back for the First Three Billing Cycles
For applications received from November 9, 2026, BMO gives you up to 15% cash back during your first three billing cycles, up to a maximum of $900, on top of the annual fee waived in year one.
That rate applies to no more than $6,000 of eligible spending:
- $500 at the pump or EV charger,
- $500 of recurring bills,
- $500 of shipping, insurance, office supplies and telecom,
- then $4,500 of other purchases.
Planning to buy equipment or inventory? Make the purchase inside that window: that is when it earns you the most.
Perks That Come on Top of the Cash Back
These perks come with no extra fee. Keep the ones that fit your routine.
- Purchase protection: extended warranty and purchase protection
- Insurance: rental car collision damage waiver and 15 days of emergency medical coverage, up to $5 million
- Roadside assistance: battery boosts, flat-tire change, lockout service and towing
- Car rentals: up to 35% off Avis and Budget rentals when you prepay
- Travel: Mastercard Travel Pass membership provided by DragonPass
- Health: five virtual visits with a Canadian healthcare provider through Maple ($520 value)
- Taxes: 30% off H&R Block tax services
- Shows: 20% off Cirque du Soleil shows in Canada and 15% off resident shows in Las Vegas
- Grocery delivery: six months of Instacart+ and a $10 monthly Instacart credit
Who Can Get This Card
You only need to meet one of these conditions to apply:
- your personal income is at least $80,000;
- or your household income is at least $150,000;
- or your business revenue is at least $250,000;
- or your assets under management are at least $400,000.
Don't meet any of these conditions, or you would rather have a card with no annual fee? Compare the options in our guide to BMO business credit cards.
Self-employed? Our article on business cards with no income requirement shows three other options.
How much is the annual fee?
Who can get the card?
Which purchases earn 5%?
What does the welcome cash back cover?
How is it different from the no-fee BMO CashBack Business Mastercard?
What is the interest rate?
Learn More
Create a free member account to save your cards and get member-only offers.
- Annual feeNo annual fee the first year
- $0 $175
- Our valuationMilesopedia first-year estimate First-year valueAnnual fee rebated$175Total$175Rewards on your spending are not included. The calculator that adds them from your own profile is on the card's page.
- $175
- Welcome offer
- Up to 15% cash back in the first three billing cycles, up to $900, on up to $6,000 in purchases allocated according to BMO’s category limits.
- Ends Dec 14, 2027
on BMO's website
*Conditions apply. BMO is not responsible for updating the content of this site. For the most up-to-date information, please click on the Online Application link.
