- 5%Cash back on groceries
- 4%Cash back on transit
- 3%Cash back on gas
- 2%Cash back on recurring bills
Offers up to CA$650 in total first-year value.
Earn 5% on groceries, 4% on transit, 3% on gas, and 2% on recurring bills.
The BMO CashBack World Elite Mastercard features a tiered cash back structure that rewards everyday spending, making it a strong choice for those who frequently shop for groceries and use public transit. With a substantial welcome bonus and waived first-year fee, it provides excellent value for new cardholders.
Pros:
- High cash back on groceries and transit
- First-year annual fee waived
Cons:
- Higher annual fee
- Limited to specific categories for maximum rewards
The BMO CashBack World Elite Mastercard is best suited for consumers who regularly spend on groceries and transit, allowing them to maximize the benefits of its tiered cash back rewards structure. With its annual fee of CA$139 offset by a generous welcome bonus, it may appeal to those looking for a rewarding cash back option in their everyday purchases.