BMO (Bank of Montreal)
BMO CashBack® World Elite® Mastercard®
One of Canada's top cashback credit cards offering up to 5% cashback on groceries, strong rewards on transit, gas and recurring bills, plus comprehensive travel and purchase insurance benefits.
Highlights
Main benefits
- Out-of-Province Emergency Medical Insurance
- Rental Car Collision Coverage
- Trip Interruption Insurance
- Flight Delay Insurance
- Purchase Protection
- Extended Warranty
- Mobile Device Insurance
- 5% cashback on groceries
- 4% cashback on transit and rideshare
- 3% cashback on gas and EV charging
- 2% cashback on recurring bills
- Strong welcome bonus
- World Elite Mastercard benefits
- Comprehensive insurance package
- Cashback redeemed anytime
Fees
Fees and charges
Joining fee
None
Renewal fee
C$120
Annual fee waiver
Yes (First Year in many promotions)
- Ongoing Annual Fee Waiver**
Available with eligible BMO Premium Banking plans
Who can apply
Eligibility
- Canadian resident
- Age of majority in province or territory
- Meet minimum income requirement
- Good to excellent credit score
- C$80,000 Personal Income
OR
C$150,000 Household Income
Checklist
Documents required
- Government-issued photo ID
- Canadian residential address
- Employment details
- Income information
- SIN (optional)
Process
How to apply
1. Apply online through BMO
2. Complete personal and income details
3. Submit application
4. Receive approval decision
5. Activate card after delivery
Value
Reward and cashback structure
Reward rate
1% - 5% Cashback
Cashback
5% on Groceries
4% on Transit, Rideshare and Public Transportation
3% on Gas and EV Charging
2% on Recurring Bill Payments
1% on Other Purchases
Good fit
Pros
- One of the highest grocery cashback rates in Canada
- Excellent everyday rewards
- Good insurance coverage
- Strong welcome offer
- Mastercard accepted almost everywhere
Watchouts
Cons
- High income requirement
- Annual fee after first year
- Foreign transaction fee applies
- Monthly cashback caps on bonus categories
Related
Related cards
Comparer les cartes
Comparer les cartes
| Field | BMO CashBack® World Elite® Mastercard® | American Express Cobalt® Card |
|---|---|---|
| Bank/provider | BMO (Bank of Montreal) | American Express |
| Frais d'adhésion | None | None |
| Frais de renouvellement | C$120 | C$15.99/month (C$191.88/year) |
| Best for | Groceries, Shopping, Families, Everyday Cashback | Travel Points, Dining, Groceries, Everyday Spending |
| Taux de récompense | 1% - 5% Cashback |
|
| Cashback |
| Approximately 1%–5% depending on redemption method |
| Accès aux salons | No | No |
| Exonération de surcharge carburant |
| No |
| Avantage de bienvenue | Up to 10% cashback in the first 3 months on eligible purchases (subject to spending cap) | Up to 15,000 Membership Rewards Points |
| Exonération des frais annuels |
| No |
| Éligibilité |
|
|
| Lien de demande | Faire une demande | Faire une demande |
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