Cashback

BMO CashBack® World Elite®* Mastercard®*

Welcome offer
10% discount on annual fee
Applications must be received between September 2, 2022 and July 31, 2023, to receive the 10% cash-back welcome bonus offer. The 10% earn rate applies to eligible purchases up to $2,600 in the welcome offer period, with a maximum of $260 cash back. You can't earn cash back on refunds, cash advances, cash-like transactions, and interest charges. BMO CashBack® World Elite®* Mastercard®* applications must be received between June 1, 2022 and July 31, 2023 to be eligible for the first-year annual fee waiver offer.
INTEREST RATES
20.99% Purchase
23.99% Cash advance
BONUS OFFER
5% of interest rate
†Statement based on a comparison of the non-promotional grocery rewards earn rate on Canadian cash back credit cards as of June 1, 2022.
ANNUAL FEES
$120 Main cardholer
Waived for the first year
$50 Additional card

REWARD CALCULATOR

Enter your total monthly expenses or by category

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Groceries
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Gas
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Bills & Utilities
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Public Transportation
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Total
$
Welcome offer
The calculation result is based on the conversion of the welcome offer points into statement credit
$
Estimated annual rewards
The calculation result is based on the conversion of the maximum number of points that can be awarded after the first year

This card is awesome for a personal user because :

Get up to 10% cash back in your first 3 months and the $120 annual fee waived in the first year*

Get up to 10% cash back in your first 3 months and the $120 annual fee waived in the first year.* The 10% cash back earn rate applies to eligible purchases up to $2,600 (up to $500 in eligible grocery purchases, up to $300 in transit, up to $300 in gas and EV charging, up to $500 in eligible recurring bill payments and up to $1,000 from any other qualifying purchase.

Get the highest cash back earn rate on groceries in Canada.*

The BMO CashBack® World Elite®* Mastercard®* offers the highest cash back earn rate on groceries in Canada.* With this card, you can earn 5% cash back on groceries purchased at any store in Canada. This is a great card for anyone who wants to earn cash back on their grocery purchases.

Personal cash back travel card with comprehensive insurance

This personal World Elite® travel credit card comes with an incredibly high cash back of 5% on grocery purchases and comprehensive travel insurance, which makes it perfect for the frequent traveler and grocery shopper.

REQUIREMENTS

720
CREDIT
SCORE
CANADIAN RESIDENCY
80 000
REQUIRED INCOME

INSURANCE

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Auto Rental coverage

The rental car coverage will protect you from damage to or theft of a rental vehicle of MSRP up to $65,000 with a maximum rental period of up to 48 consecutive days.

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Purchase Security

Shop confidently with Purchase Security Insurance which provides up to 90 days of coverage against theft or damage of covered items from the date of purchase

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Extended Warranty

Extended Warranty Insurance by BMO doubles the original manufacturer’s warranty to a maximum of 1 additional year.

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Travel accident

Travel accident insurance that comes with BMO CashBack® World Elite®* Mastercard®* offers up to $500,000 per covered individual if they are injured or die while traveling on a common carrier such as a plane, car service, train, or cruise ship.

Flight delay

The BMO CashBack® World Elite®* Mastercard®* provides Flight Delay insurance, so if your flight is delayed for 6 hours or more, you are eligible for $500 per account per trip coverage.

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Medical emergency

In case of an unexpected medical emergency, you are covered for up to $2,000,000 for up to 8 consecutive trip days. So you can focus on recovering while Allianz handles the bills.

BENEFITS

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VIP Airport lounge pass

As the BMO CashBack® World Elite®* Mastercard®* cardholder, you are eligible for cheaper airport lounge passes for a $32 fee per visit only. Get access to over 1,300+ lounges worldwide through the Mastercard Travel Pass program.

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Concierge service

With BMO concierge service, you can receive personalized travel planning assistance and assistance with event tickets and restaurant reservations.

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Worldwide customer service

BMO cards come with 24/7 customer support anywhere in the world.

Exclusive discounts with my favorite brands

Save up to 25% on car rentals at participating National Car Rental and Alamo Rent A Car locations.

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