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BMO CashBack® World Elite®* Mastercard®*

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Secure application on the BMO Bank of Montreal website

Card Features

  • Get up to $650 in value including $40 cash back each month in your first year. Plus we’ll waive the $120 annual fee in the first year.1 Plus, get a 0% introductory interest rate on Balance transfers for 12 months with a 2% transfer fee.*
  • Earn more cash back on the categories that mean the most:
  • 5% on groceries*
  • 4% on transit including ride sharing, taxis and public transportation*
  • 3% on gas and electric vehicle charging*
  • 2% on recurring bill payments like your monthly phone bill or favourite streaming service*
  • Plus, get 1% cash back on all other purchases* with no limit on how much cash back you can earn!
  • Save up to 20% on National Car Rental®†† and Alamo Rent A Car®†† and up to 5% on Enterprise Rent-A-Car®†† at locations worldwide using the Car Rental Booking tool.*
  • Purchase Protection*
  • Complimentary membership in Mastercard Travel Pass provided by DragonPass.*
  • Complimentary Roadside Assistance Program*; Including battery boosts, flat-tire change, lockout service and towing – a $69/year value.
  • BMO CashBack World Elite Travel and Medical Protection*, with 8-day out-of-province/out-of-country emergency medical benefits – up to $5 million in coverage, and more.
  • Unlock Mastercard Travel Rewards cashback offers when you travel and shop outside of Canada.*
  • Enjoy six months of Instacart+ and a $10 monthly Instacart credit when you enroll your eligible BMO Credit Card.*
  • BMO is not responsible for maintaining the content on this site. Please click on the Apply now link for the most up to date information
*Terms and conditions apply †Statement based on a comparison of the non-promotional grocery rewards earn rate on Canadian cash back credit cards as of January 4, 2023.

Interest Rates

Purchase APR: 21.99%

Balance Transfer APR: 23.99% (21.99% for Quebec residents)

Cash Advance APR: 23.99% (21.99% for Quebec residents)

Annual Fee

$120

Pros

  • Many high cash back categories to choose from
  • Free access to Wi-Fi hotspots
  • World Elite Mastercard benefits

Cons

  • Need excellent credit to qualify

Bonus Offer

Get up to $650 in value including $40 cash back each month in your first year. Plus we’ll waive the $120 annual fee in the first year.1 Plus, get a 0% introductory interest rate on Balance transfers for 12 months with a 2% transfer fee.*

Introductory Rates

Reward Earnings Rate

Up to 5% cash back on select categories

Additional Details

Grace Period: 21 Days

Fees