Annual fee
CA$139
Rewards rate
5%-1%
Welcome Bonus
CA$650
Apply Now →on BMO's website
- 5%Cash back on groceries, dining, gas, and transit
- 1%Cash back on all other purchases
Welcome Bonus:
Get up to $650 in total value with the first-year annual fee waived.
Reward Rate:
Earn up to 5% cash back on your purchases.
This card shines for its generous cash back rates, particularly on groceries and dining, making it an excellent choice for those who want to maximize their rewards on everyday spending.
Pros:
- High cash back on everyday categories
- First-year annual fee waived
Cons:
- Annual fee after the first year
- Higher interest rates
The BMO CashBack World Elite Mastercard is well-suited for consumers who frequently spend on groceries and dining, given its high cash back rewards in these categories. While the annual fee may be a consideration for some, the welcome bonus and ongoing rewards structure may appeal to those seeking to maximize their cash back on everyday purchases.