- 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
Earn up to CA$480 in monthly cash back in the first year plus a first-year annual fee rebate.
Earn 5% cash back on groceries, 4% on transit, 3% on gas, and 2% on recurring bills.
This card shines for its high cash back rates on essential spending categories, making it a top choice for those who prioritize maximizing their rewards on everyday purchases. The added benefit of no waiting for cash back redemption enhances its appeal for frequent shoppers.
Pros:
- High cash back on essential categories
- No waiting for cash back redemption
Cons:
- High income requirement
- Annual fee applies
The BMO CashBack World Elite Mastercard is well-suited for individuals who frequently spend on essential categories and seek to maximize their cash back rewards without the hassle of waiting for redemption. With its robust rewards structure and competitive welcome bonus, this card may also appeal to those who can justify the annual fee through their spending habits.