Offers
Welcome Bonus
Eligible new applicants for the BMO CashBack® World Elite®* Business Mastercard®* can receive a welcome bonus of up to $900 cash back:
- Earn up to 15% cash back in the first 3 billing cycles up to a maximum of $900 cash back.*
- Note: Up to $500 qualified spend on recurring bill payments, up to $500 qualified spend in gas and EV charging, up to $500 qualified spend in shipping, insurances, office supplies and telecommunication related purchases, and up to $4,500 qualified spend on all other purchases is eligible for the welcome bonus.*
- Plus, get the annual fee waived in the first year.*
FlyerFunds Rebate
Plus, if you apply for the BMO CashBack® World Elite®* Business Mastercard®* through Frugal Flyer and are approved, you can receive an additional $150 paid directly to you.
Earning Cash Back
The BMO CashBack® World Elite®* Business Mastercard®* earns cash back for all purchases made on the card:
- 5% cash back on gas and electric vehicle charging purchases (up to $1,000 per statement period).*
- 4% cash back on recurring bill payments (up to $1,000 per statement period).*
- 3% cash back on shipping, insurance, office supplies, and telco purchases (up to $1,000 per statement period).*
- 1.25% cash back on all other purchases.*
Once the cardholder reaches the noted total spend amount in the accelerated cashback category during a statement period, all remaining purchases in that category will earn 1.25% cash back until the next statement.*
Redeeming Cash Back
BMO CashBack® World Elite®* Business Mastercard®* cardholders can redeem their earned cash back as long as the cash back earned balance is greater than $1, or you can set up automatic recurring redemptions which will trigger at the end of the billing cycle if the balance is over $25. Cashback deposits take 2-5 business days following the request or billing cycle.
The cash back balance can be redeemed in one of three ways:
- Used as a statement credit on your monthly bill
- Deposited into a BMO chequing or savings account
- Deposited into your InvestorLine account
Benefits
Complimentary Roadside Assistance Program
BMO CashBack® World Elite®* Business Mastercard®* cardholders will receive membership in a complimentary Roadside Assistance Program, including battery boosts, flat-tire change, lockout service, and towing (a $75/year value).*
Refer to the membership terms and features of the plan to determine eligibility and benefits.
Instacart+ & Monthly $10 Credit
Cardholders who enroll their BMO CashBack® World Elite®* Business Mastercard®* can enjoy six months of Instacart+ and a $10 monthly Instacart credit.*
Five Free Maple Virtual Care Visits
BMO CashBack® World Elite®* Business Mastercard®* cardholders receive an annual allotment of five free Maple Virtual Care Visits. Maple virtual care visits allow the cardholder to meet with a licensed Canadian doctor or nurse practitioner in minutes and 24/7 for same-day care, prescription renewal, or help managing an ongoing condition.
Rental Car Discounts
Cardholders can 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.*
Fees & Eligibility
| Personal Income | $80,000 |
| Household Income | $150,000 |
| Annual Fee | $175 |
| Foreign Exchange Fee | 2.50% |
| Purchase Rate | 20.99% |
| Cash Advance Rate | 23.99% |
| Balance Transfer Rate | 23.99% |
Insurance Coverage
The BMO CashBack® World Elite®* Business Mastercard®* offers several types of insurance coverage:
- Travel medical insurance: up to $5 million in eligible out-of-province or out-of-country emergency medical expenses for trips up to 8 days.
- Flight delay insurance: up to $500 per account for additional accommodation and travelling expenses if your flight is delayed four hours or more.
- Baggage insurance: up to $500 per insured person, to a maximum of $1,000 per trip if your baggage is lost, stolen, or damaged. Up to $500 for the purchase of essential items if your baggage is delayed more than six hours.
- Car rental collision/damage waiver insurance: Eligible on rental vehicles up to $65,000 MSRP.
- Extended protection: 90-day purchase protection plus extended warranty protection of up to an additional year
Refer to the BMO CashBack World Elite Business Mastercard insurance certificate for additional details, including terms and conditions for eligibility.
Other BMO Business Cards
| Credit Card | ||
|---|---|---|
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150,000 BMO Rewards points and $150 FlyerFunds Estimated value: $1,155 Ends Jun 2, 2027 |
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150,000 Blue Points and $150 FlyerFunds Estimated value: $1,155 Ends Nov 30, 2027 |
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30,000 Blue Points and $75 FlyerFunds Estimated value: $276 Ends Jun 2, 2027 |
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25,000 BMO Rewards points and $75 FlyerFunds Estimated value: $243 Ends Jun 2, 2027 |
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$150 cash back and $75 FlyerFunds Estimated value: $225 Ends Nov 30, 2026 |
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Legal
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*Terms and conditions apply.
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