BMO CashBack® World Elite®* Mastercard®*
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Welcome offer: Get up to 10% cash back in your first 3 months and earn an additional $75 cash back bonus when you spend $25,000 in your first year. Plus, the $120 annual fee is waived in the first year.1
Earn 5% cash back on groceries8,
4% on transit10, 3% on gas11, 2% on recurring bill payments12 and 1% unlimited cash back on all other purchases.13Get the highest cash back earn rate on groceries in Canada9 and redeem your cash back any time and for as little as $1.
Complimentary Roadside Assistance Program2
Rewards Calculator
How much do you spend on your credit card each month?
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$10,000
Earn more cash back on the categories that mean the most:
Rewards summary
First Year Welcome Bonus
cash backTotal Cash Back Earned
1st Year- Use of the cash back calculator is for illustrative purposes only. The calculation reflects 15% of monthly spend on eligible grocery, 10% on eligible transit, 10% on eligible gas & electric vehicle charging, 15% on eligible recurring bill payments and 50% of spend on all other card purchases. Values displayed as May 3, 2021.
Enjoy more credit card benefits and earn extra rewards
Purchase Protection4
Purchase protection and extended warranty on most items bought with your card.
BMO CashBack World Elite Travel and Medical Protection5
Get Collision Damage Waiver benefits on rental cars, 8 days of Out-of-Province/Out-of-Country Emergency Medical coverage of up to $5 million, and more.
Receive a discount on car rentals6
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.6
Offers for Digital Everyday Services
Get valuable benefits and offers for digital everyday services from a variety of on-demand apps and subscription services. Check out all the offers by visiting mastercard.ca/world
Mastercard Travel Rewards Program
Shop, dine and relax with our partners to unlock Mastercard Travel Rewards cashback offers when you travel and shop with your BMO CashBack World Elite Mastercard outside of Canada. Discover a world of Mastercard Travel Rewards cash rebate offers at traveloffers.mastercard.com
Fill up on savings
Get up to seven cents off per litre on Shell®± fuel, only for BMO cardholders.101
Terms & Conditions
- BMO CashBack World Elite Mastercard applications must be received between March 24, 2025, and June 1, 2025 to receive the 10% cash back welcome bonus offer. 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:
- Grocery purchases: Receive 5% cash back on the first $500 spent on eligible grocery purchases (made at merchant locations in Canada classified by Mastercard’s “Merchant Category Code” as “grocery stores and supermarkets” MCC 5411) per billing cycle period and an additional 5% bonus cash back up to a maximum of $500 spent on all combined grocery purchases made at merchant locations in Canada in the first three (3) billing cycles. In total, you could earn up to $50 cash back from qualified grocery spend in the welcome offer period.
- Transit purchases: Receive 4% cash back on the first $300 spent on eligible ground transportation purchases [made at merchant locations in Canada classified by Mastercard’s “Merchant Category Code” as “Transportation – Suburban and Local Commuter Passenger including Ferries“ (MCC 4111), “Passenger Railways” (MCC 4112), “Taxicabs and Limousines” (MCC 4121), “Bus Lines” (MCC 4131) or “Transportation Services not elsewhere classified” (MCC 4789)] per billing cycle period and an additional 6% bonus cash back up to a maximum of $300 spent on all combined transit purchases made at merchant locations in Canada in the first three (3) billing cycles. In total, you could earn up to $30 cash back from qualified transit spend in welcome offer period.
- Gas and electric vehicle charging purchases: Receive 3% cash back on the first $300 spent on eligible gas and electric vehicle charging purchases [made at merchant locations in Canada classified by Mastercard’s “Merchant Category Code” as “Service Stations” (MCC 5541), “Automated Fuel Dispenser” (MCC 5542) or “Electric Vehicle Charging” (MCC 5552)] per billing cycle and an additional 7% bonus cash back up to a maximum of $300 spent on all combined gas and electric vehicle charging purchases made at merchant locations in Canada in the first three (3) billing cycles. In total, you could earn up to $30 cash back from qualified gas and electric vehicle charging spend in the welcome offer period.
- Recurring Bill Payments: Receive 2% cash back on the first $500 spent on eligible recurring bill payments made at merchant locations in Canada (defined as payments made on a monthly or regular basis, and which are automatically billed by the merchant to your BMO CashBack World Elite Mastercard) per billing cycle and an additional 8% bonus cash back up to a maximum of $500 spent on all qualified recurring bill payments made at merchant locations in Canada in the first three (3) billing cycles. You will not earn any bonus cash back on recurring bill payments that are also classified as grocery, transit or gas and electric vehicle charging purchases as described above (classified by Mastercard’s “Merchant Category Code”) and are subject to the bonus capping rules of eligible grocery, transit or gas and electric vehicle charging purchases. In total, you could earn up to $50 cash back from qualified recurring bill payments in the welcome offer period.
- All other purchases: Receive 1% cash back on purchases and an additional 9% bonus cash back up to a maximum of $1,000 spent in the first three (3) billing cycles. In total, you could earn up to $100 cash back from qualified purchases.
- The 10% bonus cash back 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. The 10% cash back offer and 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. 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.
$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”. The $75 cash back 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 credit card 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. - With the BMO CashBack World Mastercard and BMO CashBack World Elite Mastercard, you will receive a free membership in the Dominion Automobile Association and the benefits of their BMO Roadside Assistance Program (Basic Coverage). Membership terms and the features of the plan are described in the Certificate you will receive. DAA requires that BMO provide any information reasonably required solely for the purpose of confirming that you are covered by the Program.
- Ongoing interest rates, interest-free grace period, annual fees and all other applicable fees are subject to change. Cash advances include Balance Transfers, cash-like transactions and Mastercard cheques. Visit your branch; call the Customer Contact Centre at 1-800-263-2263, or visit bmo.com/creditcards for current rates and fees.
- Insurance benefits are subject to specific terms and conditions, including limitations, exclusions and other important information contained in the Certificate of Insurance that is sent to new cardholders. Insurance coverages are provided by CUMIS General Insurance Company, a member of The Co-operators group of companies and administered by Allianz Global Assistance. Allianz Global Assistance is a registered business name of AZGA Service Canada Inc. and AZGA Insurance Agency Canada Ltd. For questions contact Allianz Global Assistance Canada at 1-877-704-0341 or visit www.allianz-assistance.ca.
CUMIS General Insurance Company
P.O. Box 5065
151 North Service Road
Burlington, Ontario L7R 4C2
Canada
1-800-263-9120
www.cumis.com - Insurance benefits are subject to specific terms and conditions, including limitations, exclusions and other important information contained in the BMO CashBack World Elite Mastercard Certificate of Insurance that is sent to new cardholders. Insurance coverages are provided by CUMIS General Insurance Company, a member of The Co-operators group of companies and administered by Allianz Global Assistance. Allianz Global Assistance is a registered business name of AZGA Service Canada Inc. and AZGA Insurance Agency Canada Ltd. For questions contact Allianz Global Assistance Canada at 1-877-704-0341 or visit www.allianz-assistance.ca.
CUMIS General Insurance Company
P.O. Box 5065
151 North Service Road
Burlington, Ontario L7R 4C2
Canada
1-800-263-9120
www.cumis.com - Discount applies only to the base rate charge (time and mileage) and does not apply to applicable taxes, fees, surcharges, refueling, drop-off, delivery, youthful driver, additional driver, pick up, or one-way charges or any optional product or service (such as optional damage waiver of $50 or less per day), which are the responsibility of the Renter. Offer valid for vehicle car class reserved. Offer valid at participating airport and neighborhood locations in the valid countries/regions. Reservations at participating National Car Rental, Alamo Rent A Car and Enterprise Rent-A-Car partners must be made at least 24 hours in advance of scheduled pick-up time. Additional mandatory charges may be imposed, including, but not limited to, a customer facility charge, airport concession fee, tourism commission assessment, vehicle license recovery fee, or other government-imposed taxes or fees. For more information, including an estimate of your total rental cost, visit our Internet website at https://partners.rentalcar.com/bmo.
BMO reserves the right to terminate the offer or change the terms at any time. This offer cannot be combined with any other discount and cannot be applied to a previous or existing reservation or rental. Offer is subject to vehicle availability at the time of booking. Renter and additional driver(s) must meet standard age, driver and credit requirements. Please check your auto insurance policy and/or credit card agreement for rental vehicle coverage. Other restrictions, including holiday and blackout dates, may apply. Pick-up and drop-off service is subject to geographic and other restrictions. Non-transferrable. Void where prohibited. - Mastercard Airport Experiences provided by LoungeKey (“MCAE”) is a worldwide program run by LoungeKey Ltd. This benefit will be available to all cardholders of a BMO Cashback World Elite Mastercard (all “eligible cardholders”). Eligible cardholders are required to comply with the Conditions of Use available online at airport.mastercard.com or on the MCAE mobile application, as well as any additional terms and conditions applicable to the lounge or offer being used by the eligible cardholder. The Conditions of Use are subject to change from time to time without notice to Issuer or the eligible cardholders. Eligible cardholders wishing to access a participating MCAE lounge must present their valid, eligible BMO Mastercard or their mobile access code (this may be obtained by the eligible cardholder by registering an account at airport.mastercard.com or through the MCAE mobile application) to the lounge receptionist and mentioning “Mastercard Airport Experiences provided by LoungeKey.” Some offers may be subject to a per-person, per-visit charge. Where applicable and dependent upon the offer, access charges, including those for an accompanying guest, may be charged to your credit card. Value and benefits of the MCAE complimentary membership are subject to change without notice. Enjoy lounge access for a fee of just US$32 per person, per visit.
- Earn 5% cash back on the first $500 you spend on grocery purchases per statement cycle period and 1% unlimited cash back thereafter. The 5% cash back includes the base earn rate of 1% cash back for card purchases (“Base Rewards”) and the bonus of 4% cash back for grocery purchases (“Bonus Rewards”). To earn Bonus Rewards, grocery purchases must be made at merchant locations in Canada classified by Mastercard's “Merchant Category Code” as “grocery stores and supermarkets” (MCC 5411). In no event will BMO (“Bank of Montreal”) be liable or responsible for any claims with respect to a grocery purchase made to a merchant that is not classified by MCC 5411.
- Statement based on a comparison of the non-promotional grocery rewards earn rate on Canadian cash back credit cards as of July 26, 2023.
- Earn 4% cash back on the first $300 you spend on ground transportation purchases per statement cycle period and 1% unlimited cash back thereafter. The 4% cash back includes the base earn rate of 1% cash back for card purchases (“Base Rewards”) and the bonus of 3% cash back for ground transportation purchases (“Bonus Rewards”). To earn Bonus Rewards, ground transportation purchases must be made through merchant locations in Canada classified by Mastercard's "Merchant Category Code" as "Transportation – Suburban and Local Commuter Passenger including Ferries" (MCC 4111), “Passenger Railways” (MCC 4112), “Taxicabs and Limousines” (MCC 4121), “Bus Lines” (MCC 4131) or “Transportation Services not elsewhere classified” (MCC 4789). In no event will BMO(“Bank of Montreal”) be liable or responsible for any claims with respect to a ground transportation purchase made to a merchant that is not classified by MCC 4111, MCC 4112, MCC 4121, MCC 4131 or MCC 4789.
- Earn 3% cash back on the first $300 you spend on automobile and vehicle fuel purchases per statement cycle period and 1% unlimited cash back thereafter. The 3% cash back includes the base earn rate of 1% cash back for card purchases (“Base Rewards”) and the bonus of 2% cash back for automobile and vehicle fuel purchases (“Bonus Rewards”). To earn Bonus Rewards, automobile and vehicle fuel purchases must be made through merchant locations in Canada classified by Mastercard's "Merchant Category Code" as "Service Stations" (MCC 5541), “Automated Fuel Dispenser” (MCC 5542) or “Electric Vehicle Charging” (MCC 5552). In no event will BMO(“Bank of Montreal”) be liable or responsible for any claims with respect to an automobile and vehicle fuel purchase made at a merchant that is not classified by MCC 5541, MCC 5542 or MCC 5552.
- Earn 2% cash back on the first $500 you spend in recurring bill payments per statement cycle period and 1% unlimited cash back thereafter. The 2% cash back includes the base earn rate of 1% cash back for card purchases (“Base Rewards”) and the bonus of 1% cash back for recurring bill payments made at merchant locations in Canada (“Bonus Rewards”). Recurring bill payments are defined as payments made on a monthly or regular basis, and which are automatically billed by the merchant to your BMO CashBack World Elite Mastercard. Not all merchants offer recurring payments, and not all ongoing payments will be considered “recurring bill payments” and therefore may not earn Bonus Rewards. Please check with your merchant to see if your recurring payment qualifies. You will not earn the 1% bonus cash back on Recurring Bill Payments that are also eligible grocery, transit or gas and electric vehicle charging purchases as classified by Mastercard’s “Merchant Category Code” and are subject to the bonus capping rules of eligible grocery, transit or gas and electric vehicle charging purchases.
- Offer is cumulative over the statement period. Award of CashBack rewards is made for purchases charged to your account (less refunds and excluding cash advances, cash-like transactions, interest charges, fees, payments, credit or debit adjustments) and is subject to the CashBack Rewards Terms and Conditions and the BMO Mastercard Cardholder Agreement. The number of CashBack rewards will be rounded down to the nearest cent.†Footnote dagger details Statement based on a comparison of the non-promotional grocery rewards earn rate on Canadian cash back credit cards with no annual fee as of July 26, 2023.
®††Footnote registered dagger dagger details National Car Rental, Alamo Rent A Car, Enterprise Rent-A-Car are trademarks of © 2024 Enterprise Holdings, Inc.