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Specifically, by applying for the BMO CashBack® World Elite®* Mastercard®*, you will get $40 cash back for each monthly period where you make $2,000 in purchases on your card.
This means a welcome bonus that can amount to $480 cash back. And this, with no annual fees for the first year!
With the BMO CashBack World Elite Mastercard, you get between 2% and 5% cash back on many purchase categories:
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.
Unlike other credit cards that pay out cash back annually, BMO CashBack World Elite Mastercard rewards are paid out with each statement.
There are two options:
Three insurance policies stand out from the competition on the BMO CashBack World Elite Mastercard:
By paying for your purchases with the BMO CashBack® World Elite®* Mastercard®*, you automatically get an extension of the manufacturer’s original warranty period of up to two additional years.
So, if the product you buy comes with a one-year warranty, the Extended Warranty Plus insurance on the BMO CashBack® World Elite®* Mastercard®* will add two additional years for a total of three years of warranty!
By paying for your purchases with the BMO CashBack® World Elite®* Mastercard®*, you automatically get additional protection covering you against theft and damage for a period of up to 180 days from the purchase date, i.e., 6 months!
Most credit cards only offer 90 days (or 3 months).
The BMO CashBack World Elite Mastercard is one of the only credit cards in Canada to offer free roadside assistance services.
This program include:
That’s a value of $69 per year earned simply by holding the BMO CashBack World Elite Mastercard!
The BMO CashBack World Elite Mastercard offers travel insurance:
Vehicle valued up to $65,000
theft of personal effects up to $2,000
BMO CashBack World Elite Mastercard holders receive up to 25% off car rentals from:
This is the best time to apply for the BMO CashBack® World Elite®* Mastercard®* to take advantage of its welcome offer as well as the annual fee waiver for 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.
Here are frequently asked questions in the milesopedia community about this card.
Savings this way:
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