Annual fee
CA$139
Rewards rate
5%-2%
Welcome Bonus
Up to CA$650
Apply Now →on BMO's website
- 5%Cash back on groceries
- 4%Cash back on transit
- 3%Cash back on gas
- 2%Cash back on recurring bills
Welcome Bonus:
Welcome offer provides up to $650 in total value, featuring a first-year annual fee waiver.
Reward Rate:
Earn 5% cash back on groceries, 4% on transit, and 3% on gas.
The BMO CashBack World Elite Mastercard is a standout for its high cash back rates on essential categories, making it a top choice for those who prioritize everyday spending rewards.
Pros:
- High cash back on groceries
- First-year fee waived
Cons:
- High income requirement
- Annual fee applies after first year
The BMO CashBack World Elite Mastercard is best suited for consumers who frequently spend in categories like groceries and gas, allowing them to maximize cash back rewards. With a competitive welcome bonus and a reasonable annual fee, this card may appeal to individuals looking for a robust cash back program tied to their daily purchases.