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, in 2022 we selected this card for the award for Best Cashback Credit Card for Grocery Purchases.

Check out our BMO Cashback World Elite review for full details about this card.

Interested in applying for the BMO Cashback World Elite Mastercard? Earn an additional $50 cash back through Frugal Flyer Rebates.

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
American Express SimplyCash Preferred 400 Cash back $301 Apply
American Express SimplyCash 200 Cash back $200 Apply
Scotiabank Momentum Visa Infinite 200 Cash back $200 Apply
TD Cashback Visa Infinite 200 Cash back $200 Apply
Tangerine Money-Back 150 Cash back $150 Apply

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Editorial Disclosure: Opinions expressed here are the author's alone, not those of any bank, credit card issuer, airline or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.