4.1
/5
BMO
BMO CashBack® World Elite®* Mastercard®*Cash Back Calculator
Get up to $650 in value*
Our Take
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.
Card Details
Interest Rates
Purchase: 21.99%
Cash Advance: 23.99%□
Balance Transfer: 23.99%□
□ Quebec rates: Cash advance 21.99%, Balance transfer 21.99%
Promotional Rates
Balance Transfer: 0%
Promotional Period: 12 months
Annual Fees
Main Card: $139
$0
$0 first year
Additional Cards: $50
Welcome Bonus
Get up to $650 in value and the annual fees waived in the first year. Plus, get a 0% introductory interest rate on Balance transfers for 12 months with a 2% transfer fee.*
$650 in value is made up of:
- Up to $480 Welcome Offer Cash Back: Receive $40 Bonus Cash Back when you spend a minimum of $2,000 on net card purchases per billing cycle in the first twelve (12) billing cycles after the account open date.*
- $139: Annual Fee Waiver: The primary cardholder annual fee of $139 will be rebated in the first year and will appear as a fee and a credit on the primary cardholder’s first statement.*
- $75 market value: Roadside Assistance: You will receive a complimentary membership in the Dominion Automobile Association (DAA) and the benefits of their BMO Roadside Assistance Program (Basic Coverage). Membership terms and plan features are described here: bmo.com/roadsideassistancebasic.*
Annual Income
Personal: $80,000
Household: $150,000
Credit Score Estimate
Card Type
Credit
Our Rating
4.1/5
Institution
BMO
Awards
Best Roadside Assistance Card Credit Card
2026
How You Earn Rewards
- 5% cash back on groceries (capped at $500 spending per statement, maximum of $25 in cashback per statement cycle)*
- 4% cash back on daily transit (capped at $300 spending per statement, maximum of $12 in cashback per statement cycle)*
- 3% cash back on gas (capped at $300 spending per statement, maximum of $9 in cashback per statement cycle)*
- 2% cash back on recurring payments (capped at $500 spending per statement, maximum of $10 in cashback per statement cycle)*
- 1% cash back on all other eligible purchases*
Insurance & Benefits
Insurance
Coverage
Travel Medical Insurance (64 & under)
Common Carrier Travel Accident Insurance
Flight Delay
Lost or Stolen Baggage
Baggage Delay
Hotel Burglary Insurance
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Car Rental Damage & Theft
Purchase Protection
Extended Warranty
Benefits
Details
Airport Lounge - Dragon Pass
Roadside Assistance
Car Rental Discount
Discount
Pros & Cons
Pros
- Impressive cashback rates
- Rare roadside assistance
- Comprehensive insurance and benefits
- High first-year value
Cons
- Lacks restaurant optimization
- Low monthly cashback caps
Legal
*Terms and conditions apply
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