BMO® CashBack® World Elite®* MasterCard®* | Shop Canada's Best Credit Cards | Compare Credit Cards | shoptherate.ca

BMO® CashBack® World Elite®* MasterCard®*

Card Details

Network: Mastercard
Provider: BMO Bank of Montreal
Type: Cashback, Travel
Credit Required: Excellent Credit

Offers & Rewards

1.5% on ALL card purchases*
4% in the first 4 months*

Fees & Rates

Purchases: 19.99%
Cash Advances: 22.99%
Balance Transfers: 22.99%
Annual Fee: $120.00

  • Welcome Offer: Get 4% cash back on every purchase (up to $250 cash back) in your first 4 months. *
  • Earn 1.5% CashBack on ALL card purchases* without restrictions*!
  • Complimentary membership in Mastercard Airport Experiences provided by LoungeKey
  • Complimentary Roadside Assistance Program*
  • BMO CashBack World Elite Travel and Medical Protection*
  • Extended Warranty Plus*
  • Purchase Protection Plus*
  • BMO Concierge Service*

*Terms and conditions apply


Editor's Review

In the first four months of using the BMO® CashBack® World Elite™ MasterCard®, you will get four percent back on every purchase you make, meaning you can save up to $250 right away. After that period, you will get 1.5% cash back on all your buys with it. There is a $120 annual fee you'll have to make, and if you're not making substantial yearly income ($80,000 or more), this card isn't for you. But the perks that come with this credit card are plenty, including complimentary roadside assistance for battery boosts, towing, lockout service, and more.

If you happen to rent cars from National Car Rental and Alamo Rent A Car, you can get up to 25% in discounts on purchases at participating locations. You'll also get all-day concierge access that can assist you with ticket information, restaurant reservations, and more. There's also several types of travel insurance and medical insurance, which includes out of province or country medical protection. The card also comes with a two-year extended warranty (a year longer than most credit cards) and purchase protections on most items for 180 days. You can redeem cash back rewards how and when you please, making it a card about convenience.


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