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Enjoy Three Months of 10% Cashback - Claim this offer

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  • $120 Annual Fee
  • 10% Welcome Bonus
  • 5% Rewards Rate
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Enjoy Three Months of 10% Cashback - Claim this offer

BMO CashBack World Elite MasterCard Overview

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The BMO CashBack World Elite Mastercard has some of Canada’s best cashback earning rates. Cardholders can earn 5% on groceries, a rate many credit cards don’t offer.

It also has an exciting sign-up bonus of 10% cashback in the first three months. In addition, you won’t be charged the annual fee of $120 for the first year.

The BMO CashBack World Elite MasterCard provides a superior extended warranty, purchase protection, and free roadside assistance. You will also receive all the benefits of holding a World Elite Mastercard. This includes access to free Wi-Fi and airport lounges worldwide.

Essential Information




Bank of Montreal

Card Type



As a BMO CashBack World Elite MasterCard holder, you’ll receive a welcome bonus and earn points on everyday purchases.


Welcome Bonus

New cardholders will receive:

  • Up to 10% cashback in the first three months
  • The $120 annual fee waived in the first year from account opening
  • 2,000 Bonus Miles for spending at least $3,000 in net card purchases within the first three months of account opening


As a holder of the BMO CashBack World Elite MasterCard, you will earn the following cashback rewards:

  • 5% on food and essentials in Canada
  • 4% on transit, including taxis, public transportation, and ride sharing
  • 3% on gas and electric vehicle charging
  • 2% on recurring bills for streaming services, phone payments, and gym memberships
  • 1% on all other purchases

Travel Insurance

The BMO CashBack World Elite MasterCard comes with several insurance options. This includes:

  • Emergency travel and medical protection, including out-of-province/out-of-country emergency medical benefits. This applies for journeys up to 8 days. You can receive up to $2 million for eligible medical expenses.
  • Car rental insurance covers damage or theft to a rental car with an MSRP up to a maximum of $65,000.
  • Car rental accidental death and dismemberment insurance with a maximum payout of $300,000 per accident.
  • Flight delay insurance to reimburse you for a maximum of $500 per account per trip.
  • Baggage loss insurance covers the actual cash value of lost baggage and personal property. You get coverage of up to $750 per insured person to a maximum of $2,000 per account per trip.
  • Baggage delay insurance to cover up to $200 for the purchase of essential items.

Other Perks

  • Free roadside assistance includes a flat-tire change, lockout service, towing, and battery boost.
  • Free access to 1 million Wi-Fi hotspots worldwide with Boingo Wi-Fi for cardholders.
  • Complimentary concierge services you can access for free 24/7.
  • Access to airport lounges with a complimentary Mastercard Airport Experiences membership.
  • Extended Warranty Plus to increase the original manufacturer’s warranty period up to a maximum of two additional years.
  • Purchase Protection Plus for up to 180 days from the date of purchase.
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Costs and Fees

  • Annual fee: $120 (the first year waived)
  • Additional card fee: $50
  • Purchase interest rate: 20.99%
  • Interest rate on cash advances: 23.99% (21.99% for Quebec residents)
  • Balance transfer interest rate:  23.99%
  • Overlimit fee: $29
  • Foreign transaction fee: 2.5%

FAQs about the
BMO CashBack World Elite MasterCard

Is the BMO Cashback World Elite Mastercard Right for Me?

If you check off one or two of these boxes, you may get the BMO CashBack World Elite MasterCard:

  • You’re a high-income ($80,000+) single who won’t be restricted by the strict spending caps
  • One of your three top monthly expenses is groceries
  • You're considering making a significant purchase and could use an extended warranty and purchase protection

How Do I Qualify for the BMO Cashback World Elite Mastercard?

These are the requirements you must meet to apply for the BMO CashBack World Elite MasterCard:

  • Be a Canadian citizen or permanent resident
  • Have no bankruptcy deceleration on record in the past seven years
  • Be the age of majority in your province
  • Have a credit score of at least 760
  • Meet the minimum income requirements

What’s the Annual Fee and Income Requirement for This Card?

The annual fee is $120, which is waived in the first year. You need a personal annual income of $80,000 or a domestic income of $150,000 to qualify.

What Information Do I Need to Provide to Apply for My Card?

You will need to provide your:

  • Name and date of birth,
  • Social Insurance Number (SIN),
  • Address, employment statement, and income source(s), and
  • Rent or mortgage amount.

What Are the Cashback Rewards of the BMO Cashback World Elite Mastercard?

You can earn up to 5% on every eligible purchase with the BMO CashBack World Elite Mastercard.

What Are the Spending Limits for the Cashback Rewards?

The 5% and 2% cashback rewards have a spending limit of $500. As for the 4% and 3% cashback rewards, the spending limit is $300. There are no limits on how much you can earn with the 1% cashback on all other purchases.

What Perks Are Included With the BMO Cashback World Elite Mastercard?

You can benefit from World Elite Mastercard perks, free roadside assistance, and on-demand cashback redemption as a cardholder.

General Terms

See the BMO Mastercard Cardholder Agreement here.

BMO CashBack World Elite MasterCard Details

Network Provider
Card Type
Balance Transfer, Rewards
Rewards Type
Annual Fee
Purchase Interest Rate
Cash Advance Rate
Balance Transfer Rate
Credit Needed
Good (660 - 724)

BMO CashBack World Elite MasterCard Offices

Phone Number
1 877 225 5266
595 Burrard St Vancouver BC V7X 1L7 Canada
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BMO CashBack World Elite MasterCard Card Details
  • Min. Credit :
    Good (660 - 724)
  • Card Type : Balance Transfer, Rewards
  • Reward Type : Cashback
  • Providers : BMO
  • Network Provider : Mastercard
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