BMO CashBack® World Elite®* Mastercard®* vs BMO eclipse Visa Infinite* Card

Which one is better? Both cards worked out on the same spending: rewards, welcome bonus, fees and perks, line by line.

bmo cashback world elite mastercard
Finly rebate
$120

4.1

Apply nowGet $120 Finly rebate
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bmo eclipse visa infinite
Finly rebate
$120

3.6

Apply nowGet $120 Finly rebate
Our reviewRewards calculator

Welcome bonus

Each offer as the issuer words it. The numbers below show whether your spending reaches it.

The offer

The offer

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.*
  • Get up to $1,150 in value including up to 70,000 Bonus points, monthly streaming statement credit, $50 statement credit, and no annual fee in your first year.*
  • 30,000 points when you spend $4,000 in the first 110 days, plus 20,000 points when you spend at least $7,000 in the first 6 months. Receive an additional 20,000 points when you spend at least $12,000 in the first year.

What each card is worth

Rewards, the welcome bonus and any Finly rebate in, the annual fee and FX fees out, all on your spending.

Worked out on a typical $2,000 a month of spending. Enter yours to see your own numbers.

$1,125

First-year value

$1,023

$386

Every year after

$314

BMO CashBack World Elite is worth $102 more to you in year one.

It stays ahead after that, by $72 a year.

How the first year adds up

Annual rewards

$525.28

cash back a year

Welcome bonus

+ $480

first year only

Annual fee

$139− $0

$139 from year two

Finly rebate

+ $120

paid by FinlyWealth

First-year value

$1,125.28

Annual rewards

$434

64,776 points a year

Welcome bonus

+ $469

first year only

Annual fee

$120− $0

$120 from year two

Finly rebate

+ $120

paid by FinlyWealth

First-year value

$1,023

0.67¢ a pointBMO Rewards, redeemed for Travel

Where each card earns

A year of your spending at each card's own reward rates, most first.

5%Groceries

$212.85

3%Gas

$64.8

2%Recurring Transactions

$48

4%Rental Car & Taxi, Public Transportation

$38.4

1%All other purchases

$142.23

5xFood and drinks

21,000 pts

$140.7

5xFood and drinks, Groceries, Gas, Transportation

16,116 pts

$107.98

5xGas

9,936 pts

$66.57

5xTransportation

4,800 pts

$32.16

1xAll other purchases

12,924 pts

$86.59

Fees, rates and eligibility

What each card costs to hold and to use abroad, and who it's for.

$139
$0 the first year

Annual fee

Better of the two$120
$0 the first year
$50

Additional cards

$50

Interest rates

Interest rates

Purchase:

21.99%

Cash Advance:

23.99%

Balance Transfer:

23.99%

Purchase:

21.99%

Cash Advance:

23.99%

Balance Transfer:

23.99%

Recommended credit score

Recommended credit score

300
Poor
560
Fair
660⁎
Good
725⁎
Very Good
760⁎
Excellent
⁎Estimates based on Equifax scoring
300
Poor
560
Fair
660⁎
Good
725⁎
Very Good
760⁎
Excellent
⁎Estimates based on Equifax scoring

Income required

Income required

Min Personal Income:

$80,000

Min Household Income:

$150,000

Min Personal Income:

$60,000

Min Household Income:

$100,000

How each card earns

The earn rates and caps, as each issuer sets them.

  • 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*
  • Earn 5x the BMO Rewards points on groceries, dining, gas and transit.*
  • Get 1 BMO Reward for every $1 spent on everything else.*

Points and how we value them

Points become dollars at each card's best redemption. Here's the value we used, and every other way to spend them.

Loyalty program

Loyalty program

Cash back: every dollar it earns counts as a dollar, so there's nothing to convert.

BMO Rewards

We count each point at 0.67¢ a point, what it's worth redeemed for Travel, its best value. Every dollar figure above uses that value.

Point redemption options

Point redemption options

Nothing to redeem: it pays cash back.

  • Most Optimal

    travel - plane

    Travel

    0.67¢ / point
  • finance money dollar

    Financial Products

    0.67¢ / point
  • entertainment popcorn

    Entertainment

    0.64¢ / point
  • cash coins

    Statement Credits (Cash)

    0.5¢ / point
  • gift card

    Gift Cards

    0.48¢ / point
  • online shop

    Merchandise

    0.45¢ / point

Insurance and perks

What both cards include comes first in each list.

Insurance

Insurance

  • car insurance

    Car Rental Damage & Theft

    $65K MSRP up to 48 days*
  • heart lock

    Common Carrier Travel Accident Insurance

    $500,000
  • extended warranty

    Extended Warranty

    1 year
  • purchase protection

    Purchase Protection

    90 days
  • travel accident medical

    Travel Medical Insurance (64 & under)

    $5M up to 8 days per covered person*
  • lost baggage

    Lost or Stolen Baggage

    $500/person, $1,000 maximum*
  • hourglass timer

    Baggage Delay

    $500/person, $1,000 maximum After 6 hours*
  • burglar

    Hotel Burglary Insurance

    $1,000
  • hourglass timer

    Flight Delay

    $500 After 4 hours delay*
  • car insurance

    Car Rental Damage & Theft

    $65K up to 48 days
  • heart lock

    Common Carrier Travel Accident Insurance

    $500,000
  • extended warranty

    Extended Warranty

    1 year
  • purchase protection

    Purchase Protection

    90 days
  • travel accident medical

    Travel Medical Insurance (64 & under)

    $5M up to 15 days
  • mobile device insurance

    Mobile Device Insurance

    $1,000

Perks

Perks

  • discount

    Discount

    Enjoy six months of Instacart+ and a $10 monthly Instacart credit when you enroll your eligible BMO Credit Card.*
  • car rental

    Car Rental Discount

    Save up to 20% on National Car Rental® and Alamo Rent A Car® and up to 5% on Enterprise Rent-A-Car® at locations worldwide using the Car Rental Booking tool.*
  • alcohol cheers

    Airport Lounge - Dragon Pass

    Complimentary membership in Mastercard Travel Pass provided by DragonPass. As a member enjoy lounge access for a fee of just US$32 per person, per visit.*
  • tire

    Roadside Assistance

    Complimentary Roadside Assistance Program*; Including battery boosts, flat-tire change, lockout service and towing – a $75/year value.*
  • discount

    Discount

    Enjoy six months of Instacart+ and a $10 monthly Instacart credit when you enroll your eligible BMO Credit Card.*
  • exclusive

    Visa Infinite Exclusive Benefits

    Exclusive luxury hotel collection, unique dining and wine events
  • concierge

    Concierge Services

  • golf clubs

    Golf Benefit

    Troon Rewards Golf benefits like discounts at over 95 resorts and courses around the world plus access to select private clubs across the U.S
  • finance money dollar

    Anniversary Credit

    Get a $50 anniversary lifestyle credit

Our take

Why we like it

Why we like 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.

This card is ideal for individuals who want to maximize rewards on everyday purchases like dining, groceries, and transit while benefiting from a generous welcome bonus and lifestyle credit. However, the point value and high income requirements may be limiting for some.

Pros

Pros

  • Impressive cashback rates
  • Rare roadside assistance
  • Comprehensive insurance and benefits
  • High first-year value
  • Generous rewards
  • Annual lifestyle credit
  • Authorized user bonus points
  • first-year fee rebate

Cons

Cons

  • Lacks restaurant optimization
  • Low monthly cashback caps
  • Lower point value
  • High income requirements
  • Limited insurance

More comparisons

Other cards we've put each of these up against.

Legal

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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.


*Terms and conditions apply.

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.