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Neo World Elite® Mastercard®
BMO CashBack® World Elite® Mastercard®
Welcome Bonus
N/A
Welcome Bonus
Get up to $335 in additional cash back including 10% cash back in your first 3 months.** Plus, BMO will waive the $120 annual fee in the first year.**
Our Cash Offer
$100 Cash Rebate offer from FinlyWealth
Our Cash Offer
$100 Cash Rebate offer from FinlyWealth
Rewards Breakdown
Annual Rewards
$623.18
First Year Bonus Value
+
$0
Annual Fee
-
$125
Finly Rebate
+
$100Exclusive Offer
First Year Value
$598.18
Based on a hypothetical $2,000/mo average spending. Calculate your rewards.
Rewards Breakdown
Annual Rewards
$500.78
First Year Bonus Value
+
$184
Annual Fee
-
$120
$0
First Year Waived
Finly Rebate
+
$100Exclusive Offer
First Year Value
$784.78
$380.78 in years after
Based on a hypothetical $2,000/mo average spending. Calculate your rewards.
How to Earn Rewards
Note: our reward calculations use the base cash back rates assuming you do not hold any money in a Neo everyday account to earn the higher tier (boosted) cash back rates, otherwise the reward estimates may be higher.
How to Earn Rewards
Insurance Included
Lost or Stolen Baggage
Baggage Delay
Car Rental Damage & Theft
Extended Warranty
Purchase Protection
Hotel Burglary Insurance
Emergency Out of province Medical
Flight Delay
Car Rental Accident
Car Rental Personal Effects
Trip Cancellation
Trip Interruption
Insurance Included
Lost or Stolen Baggage
Baggage Delay
Car Rental Damage & Theft
Extended Warranty
Purchase Protection
Hotel Burglary Insurance
Emergency Out of province Medical
Flight Delay
Travel Accident
Extra Benefits
Airport Lounge - Dragon Pass
Extra Benefits
Airport Lounge - Dragon Pass
Car Rental Discount
Gas Discount
Roadside Assistance
Hotel Booking Discount
Global Data Roaming plan
Interest Rates
Purchase:
19.99% - 26.99% (or 19.99% - 23.99% in Newfoundland and Quebec)
Cash Advance:
22.99% - 28.99%
Balance Transfer:
N/A
Interest Rates
Purchase:
21.99%
Cash Advance:
23.99%
Balance Transfer:
23.99%
Annual Fee
$125
Annual Fee
$120
$0$
First Year Waived
Income Required
Min Personal Income:
$80,000
Min Household Income:
$150,000
Income Required
Min Personal Income:
$80,000
Min Household Income:
$150,000
Is this card worth it?
This card offers one of the highest cash back rates in Canada for gas (up to 4%), grocery (up to 7%) and recurring purchases (up to 5%) which is pretty hard to beat. While the cash back rates are very high, you need to mind the spend caps set for each category to see if your earning potential is really that high compared to most other credit cards. However, for a typical person who's spending is generally below $12k per year in grocery, $6k per year in recurring bills and $12k per year in gas then you'll be doing pretty well, especially with the great insurance and benefit offers as outlined in our neo world elite mastercard review below.
Is this card worth it?
If you're seeking a cashback credit card, the BMO CashBack® World Elite® Mastercard® stands out for its excellent balance between rewards and benefits. It offers a robust rewards program and a comprehensive benefits list, making it a solid choice. The high first-year value is enhanced by the annual fee waiver, and those with a BMO Premium Chequing Account can enjoy continued fee waivers. While it's highly ranked for rewards alone, it may not be the absolute top choice if benefits are less important to you.
Pros
Pros
Cons
Cons
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Legal
**BMO is not responsible for maintaining the content on this site. Please click on the Apply now link for the most up to date information.
BMO CashBack World Elite Mastercard applications must be received between March 24, 2025, and January 31, 2026, to be eligible for this offer. This bonus offer is limited to new BMO CashBack World Elite Mastercard accounts and will not be awarded to current or former cardholders who reinstate a closed account, product transfer, or who open a new account. Limit of one bonus offer per account. If you cancel your card within ninety (90) days from the date your account is opened, all CashBack rewards earned within that period will be cancelled. This offer may be withdrawn or changed without notice.
Annual Fee waiver: The primary cardholder annual fee of $120 will be rebated in the first year and will appear as a fee and a credit on the primary cardholders first statement. After the first year, the annual fee will appear on your Credit Card statement twelve (12) months after the Credit Card open date. The annual fee waiver offer does not apply to the Additional Card annual fee. First year annual fee waiver offer is limited to new BMO CashBack World Elite Mastercard accounts and will not be awarded to current or former cardholders who reinstate a closed account, product transfer, or who open a new account.
The combined value of up to $335 in additional cash back is based on the following:
a) The 10% earn rate applies to qualified spend up to $2,600 (up to $500 qualified spend in grocery, up to $300 qualified spend in transit, up to $300 qualified spend in gas and electric vehicle charging, up to $500 qualified spend in recurring bill payments, and up to $1000 qualified spend on all other purchases) (less refunds and excluding cash advances, cash-like transactions, interest charges, fees, credit or debit adjustments) in the welcome offer period, with a maximum of $260 cash back. Please see details as follows:
b) $75 (seventy-five dollar) Cash Bonus Offer: Receive a one- time cash back bonus of $75 after you spend a minimum of $25,000 (less refunds and excluding cash advances, cash-like transactions, interest charges, fees, credit or debit adjustments) within the first twelve (12) months of your account open date. The one-time cash back bonus of $75 will be reflected on your Credit Card statement twelve (12) months after the Credit Card open date under “Bonus Cash back Earned”.