BMO CashBack World Elite

The BMO Cashback World Elite card earns cash back and offers cardholders the opportunity to earn up to 5% cash back on all grocery purchases. As a result, for 2023 we selected this card for the award for Best Cashback Credit Card for Grocery Purchases.

Check out our BMO Cashback World Elite Mastercard review for more details.

Rewards Rates

The BMO Cashback World Elite credit card 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 gasoline 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.

Benefits

Cardholders are eligible to sign up for free Boingo WiFi at over one million hotspots worldwide. Through Boingo, you are also able to access free in-flight WiFi on various airline carriers.

Insurance Coverage

The BMO Cashback credit card offers three types of insurance coverage:

• Travel and medical protection
• Extended warranty coverage
• Purchase protection

Refer to the BMO Cashback World Elite insurance certificate for additional details, including terms and conditions for eligibility.

Other Cash Back Cards You Might Consider

	Credit Card	Welcome Bonus	Net Value
	TD Cash Back Visa Infinite	350 Cash back	$350	Apply
	American Express SimplyCash Preferred	400 Cash back	$280	Apply
	Scotiabank Momentum Visa Infinite	200 Cash back	$200	Apply
	BMO CashBack	125 Cash back	$125	Apply
	American Express SimplyCash	100 Cash back	$100	Apply