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BMO CashBack World Elite Mastercard

Strong cash back Cash BackRewards
3.4
★★★☆☆

Solid value

CardPick score · from real fees, rewards & perks
You'll finish your application securely on BMO's own website.
Welcome value
$650
est. first-year value
Annual fee
$139
per year
Purchase interest
21.99%
on carried balances
Rewards type
cashback
BMO CashBack
🛒
5% value on groceries
Your top earn category
🎁
$650 welcome bonus
Estimated first-year value
🛡️
1 insurance coverages
Built-in protection

Rewards

Base earn rate1% cash back on all other purchases
ProgramBMO CashBack
Welcome bonusUp to $650 in value and annual fees waived in first year. Includes $40 in cash back each month when you spend minimum $2,000 in first year, $139 annual fee rebate in first year, and $75 market value Roadside Assistance.
Rewards typecashback

Fees & rates

Annual fee$139
Purchase interest rate21.99%
Cash advance rate23.99%
Foreign transaction fee2.5% (typical)

Standout perks

Including battery boosts, flat-tire change, lockout service and towing
$75/year market value
Complimentary Instacart+ with $10 monthly Instacart credit
6 months free Instacart+

Everyday features

📱 Apple Pay & Google Pay
🔒 Zero-liability fraud protection
📶 Tap to pay
🛒 Purchase security

Insurance coverage

🛡️

travel medical

up to $5,000,000

Eligibility

Minimum personal income$15,000
Credit score guidanceGood (660+)
ResidencyCanadian resident