Up to $260 with the BMO CashBack World Elite Mastercard!

Updated Oct 7, 2024
Bmo Cashback World Elite Featured En
To the point Earn 10% Cash Back and the first year free with the BMO CashBack World Elite Mastercard!

Welcome offer

BMO CashBack® World Elite®* Mastercard®* is one of Canada’s best cash back Mastercard credit cards.

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 BMO CashBack® World Elite®* Mastercard®*, you get between 2% and 5% cash back on many categories of purchases:

  • 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
Cashback whenever you want

While other credit cards only allow for an annual cashback redemption, with the BMO® CashBack® World Elite®* Mastercard®* you get your cashback whenever you want!

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!

Washing Machine

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®*!

Insurance

The BMO® CashBack® World Elite®* Mastercard®* Insurance PDF is available here.

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

leased vehicle

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)
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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!
Jean-Maximilien Voisine

Jean-Maximilien Voisine

Jean-Maximilien Voisine
Jean-Maximilien, President and Founder of Milesopedia, is a recognized expert in rewards programs, credit cards, and travel in Canada and France. Approaching forty and a father of two, he has travelled to over 100 countries, half of them with his children and his wife, Audrey. Specializing in top loyalty programs like Aeroplan, American Express Membership Rewards, and Marriott Bonvoy, he guides travellers to maximize their benefits across North America and Europe.
All posts by Jean-Maximilien Voisine

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