BMO CashBack World Elite Mastercard
The BMO CashBack World Elite Mastercard offers high cashback on groceries and recurring bills plus complimentary travel insurance and an annual roadside assistance membership.
Why it ranks
- Class-leading grocery cashback rate
- Premium travel insurance and roadside assistance
- Strong everyday value
What holds it back
- Annual fee applies
- Bonus categories have monthly caps
- Minimum income required to qualify
Advertiser disclosure: we may be paid if you apply through our links. Ratings are editorial. Confirm today's terms on the issuer's site — offers change.
The BMO CashBack World Elite Mastercard offers high cashback on groceries and recurring bills plus complimentary travel insurance and an annual roadside assistance membership.
BMO CashBack World Elite Mastercard at a glance
| Issuer | Bank of Montreal (BMO) |
| Card network | Mastercard |
| Annual fee | C$120 |
| Welcome bonus | Elevated cashback rate for the first months |
| Rewards rate | 5% on groceries, 4% on transit, 3% on gas (capped) |
| Intro APR | Not applicable |
| Regular APR | 20.99% on purchases, 23.99% on cash advances |
| Foreign transaction fee | 2.5% on foreign currency purchases |
| Credit needed | Good to excellent credit |
| Best for | Grocery-heavy households wanting premium cashback |
| Airport lounge access | No |
Rewards & benefits
- 5% cashback on groceries (up to a monthly cap)
- 4% on transit and 3% on gas
- Complimentary travel and rental car insurance
- Included roadside assistance membership
Eligibility & who it suits
- Canadian resident and of provincial age of majority
- Minimum personal income of CAD 80,000 or household CAD 150,000
- Good to excellent credit history
- Pass BMO's application review
How to apply
Check current rates on Bank of Montreal (BMO)’s official site →
This opens the issuer’s official application page in a new tab. We may earn a commission if you are approved — it never changes the terms you receive.
Rates, fees, welcome offers and benefits are provided for general information, can change at any time, and may not reflect current terms. Always confirm the latest details on the issuer’s official site before applying. This is not financial advice.
How it ranks against similar Canada cards
| Rank | Card | Annual fee | Rewards | Welcome offer | Foreign fee | Who qualifies | Score |
|---|---|---|---|---|---|---|---|
| 1 | M(Bank of Montreal (BMO)BMO CashBack World Elite MastercardC$120/yr · CA BMO CashBack World Elite MastercardGrocery-heavy households wanting premium cashback |
C$120/yr | 5% on groceries, 4% on transit, 3% on gas (capped) | Elevated cashback rate for the first months | 2.5% on foreign currency p… | Good to excellent credit | |
| 2 | TCTD Canada TrustTD Cash Back Visa InfiniteC$139/yr · CA TD Cash Back Visa Infinite CardFamilies with heavy grocery, gas and bill spending |
C$139/yr | 3% on gas, groceries and recurring bills; 1% elsewhere | Elevated cashback rate for the first months | 2.5% on foreign currency p… | Good to excellent credit | |
| 3 | TTangerine BankTangerine Money-BackNo annual fee · CA Tangerine Money-Back Credit CardNo-fee cashback seekers who want category control |
None | 2% in chosen categories, 0.5% on everything else | Occasional elevated cashback promotion | 2.5% on foreign currency p… | Good credit |
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