- 5%Cash back on groceries
- 4%Cash back on transit
- 3%Cash back on gas
- 2%Cash back on recurring bills
- 1%Cash back on all other purchases
Receive up to CA$650 in cash back, including a $40 monthly cash back bonus for the first year with $2,000 spend.
Earn 5% cash back on groceries, 4% on transit, 3% on gas, and 2% on recurring bills.
The BMO CashBack World Elite Mastercard is an excellent choice for those who want to maximize their cash back on everyday purchases, particularly groceries and transit, while enjoying premium travel benefits.
Pros:
- High cash back rates in key categories
- Comprehensive travel insurance
Cons:
- Annual fee applies
- Spending limits on high cash back categories
The BMO CashBack World Elite Mastercard is well-suited for individuals who frequently spend on groceries and transit, as it offers a competitive cash back rate on these categories alongside premium travel benefits. However, the annual fee may be a consideration for those who do not consistently reach the spending thresholds to fully leverage its rewards.