BMO CashBack World Elite Mastercard
Get up to $650 in value
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📋Card Overview
🎁Welcome Bonus & Eligibility
Welcome Offer
This includes: $40 in cash back each month when you spend a minimum of $2,000 in your first year $120 annual fee rebate in your first year $69 Roadside Assistance
Eligibility Requirements
Get up to $650 in value and the annual fees waived in the first year
✨Key Card Features
- 5% on groceries - the highest cash back earn rate on groceries in Canada. 4% on transit Including ride sharing
- taxis
- and public transportation. 3% on gas And electric vehicle charging. 2% on recurring bills Like your phone bill
- gym membership
- and favourite streaming services. Plus
- get 1% cash back on all other purchases
🏆Rewards Program
CashBack
Earn rewards on every purchase with the CashBack program. Redeem for travel, merchandise, gift cards, or statement credits.
👤Who Can Apply?
Residency
Canadian residents
Eligibility
Be a Canadian citizen or permanent resident Have not declared bankruptcy in the past seven years Have reached the age of majority in the province in which you live (18 years in AB, MB, ON, PE, QC and SK. 19 years in all other provinces) Meet minimum income requirements: $80,000 (individual) or $150,000 (household)
🤔Is This Card Right For You?
✅ This card is great for:
- •People who want CashBack rewards
- •Anyone looking for a generous welcome bonus
❌ Look elsewhere if:
- •You want a no-annual-fee card
- •You don't spend enough to justify the rewards structure
- •You prefer a different rewards program
⚖️Pros & Cons
Pros
- +Generous welcome bonus: Get up to $650 in value
- +CashBack rewards program
Cons
- −High interest rate (21.99%)
🏆Our Verdict
The BMO CashBack World Elite Mastercard offers straightforward cash back rewards that are easy to understand and redeem. The welcome bonus provides a nice head start. Great for those who prefer cash over points.
Apply on Issuer Site❓Frequently Asked Questions
What is the annual fee for the BMO CashBack World Elite Mastercard?
The BMO CashBack World Elite Mastercard has an annual fee of $120. $120 annual fee.
What are the interest rates for the BMO CashBack World Elite Mastercard?
The purchase interest rate is 21.99% and the cash advance rate is 23.99%.
Who can apply for the BMO CashBack World Elite Mastercard?
Be a Canadian citizen or permanent resident Have not declared bankruptcy in the past seven years Have reached the age of majority in the province in which you live (18 years in AB, MB, ON, PE, QC and SK. 19 years in all other provinces) Meet minimum income requirements: $80,000 (individual) or $150,000 (household)
What welcome bonus does the BMO CashBack World Elite Mastercard offer?
This includes: $40 in cash back each month when you spend a minimum of $2,000 in your first year $120 annual fee rebate in your first year $69 Roadside Assistance
Is the BMO CashBack World Elite Mastercard worth it?
The BMO CashBack World Elite Mastercard is worth considering if you can maximize its rewards. The welcome bonus of Get up to $650 in value adds significant value. The CashBack program offers flexibility for redemptions.
