Offers
Welcome Bonus
Eligible new applicants for the BMO CashBack® World Elite®* Mastercard®* can receive $650 in value*, including:
- Get $40 bonus cash back when you spend a minimum of $2,000 in net card purchases per billing cycle for the first 12 cycles (up to $480 total).*
- Waived annual fee in the first year ($139).*
- Plus, get a 0% introductory interest rate on Balance transfers for 12 months with a 2% transfer fee.*
FlyerFunds Rebate
Plus, if you apply for the BMO CashBack® World Elite®* Mastercard®* through Frugal Flyer and are approved, you can receive an additional $125 paid directly to you.
Earning Cash Back
The BMO CashBack® World Elite®* Mastercard®* earns cash back for all purchases made on the card:
- 5% cash back on all grocery purchases (up to $500 per statement period).*
- 4% cash back on all transit purchases (up to $300 per statement period).*
- 3% cash back on all gas and electric vehicle charging purchases (up to $300 per statement period).*
- 2% cash back on all recurring bill payments (up to $500 per statement period).*
- 1% 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% cash back until the next statement.*
Redeeming Cash Back
BMO CashBack® World Elite®* 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®* 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®* Mastercard®* can enjoy six months of Instacart+ and a $10 monthly Instacart credit.*
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 | $139 |
| Foreign Exchange Fee | 2.50% |
| Purchase Rate | 21.99% |
| Cash Advance Rate | 23.99% |
| Balance Transfer Rate | 23.99% |
Insurance Coverage
The BMO CashBack® World Elite®* Mastercard®* offers several insurance coverages:
- Out-of-province or country emergency medical insurance: $5,000,000 coverage for the first 8 days of any out-of-province trips for travelers aged 64 or under.*
- Rental car collision and loss damage insurance: Comprehensive coverage for cars up to $65,000 MSRP.*
- Common carrier insurance: $500,000 of accidental death and dismemberment coverage.*
- Flight delay insurance: $500 per trip for all insured persons combined in the event of a flight delay of more than four hours.*
- Lost, stolen, or damaged baggage insurance: $500 per person coverage for emergency purchases when your baggage is lost or delayed, up to an overall maximum of $1,000 per trip.*
- Baggage delay insurance: $500 per person coverage for emergency purchases when your baggage is lost or delayed, up to an overall maximum of $1,000 per trip.*
- Hotel burglary insurance: $1,000 coverage for stolen items per occurrence.*
- Purchase security: Coverage for accidental physical damage or theft for 90 days from the date of purchase.*
- Extended warranty insurance: Extend the manufacturer’s original warranty up to one additional year.*
Refer to the BMO CashBack® World Elite®* Mastercard®* insurance certificate for additional details, including terms and conditions for eligibility.
Card Awards
As part of Frugal Flyer’s 2025 Best Credit Card Awards, we selected the BMO CashBack® World Elite®* Mastercard®* as the Best Cash Back Credit Card.
Other BMO Cards
| Credit Card | ||
|---|---|---|
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200,000 BMO Rewards points and $100 FlyerFunds Estimated value: $1,440 Ends Oct 31, 2026 |
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70,000 VIPorter points and $200 FlyerFunds Estimated value: $1,250 Ends Oct 31, 2026 |
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100,000 BMO Rewards points and $125 FlyerFunds Estimated value: $795 Ends Oct 31, 2026 |
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100,000 Blue Points and $125 FlyerFunds Estimated value: $795 Ends Oct 31, 2026 |
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80,000 BMO Rewards points and $175 FlyerFunds Estimated value: $711 Ends Jun 30, 2026 |
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Legal
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*Terms and conditions apply.
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