Illustration, not the actual card design.
BMO · Cash back
BMO CashBack World Elite Mastercard
Annual fee
$139 · waived year one
Welcome offer
Up to $480 back
Market
Canada · CAD
Biggest part of the offer: Spend $2,000 in a billing cycle, each of your first 12 cycles.
What it's worth before you spend
Welcome bonus, plus perks you get no matter what, minus the fee. Everyday earning comes on top.
Year 1
$480
+$480 welcome bonus
+$0 yearly credits
−$0 fee (waived)
Year 2
−$139
Costs $139 a year until your spending covers it.
Every year after
−$139
Costs $139 a year until your spending covers it.
Plus 5 benefits with no fixed dollar value, like Airport Lounge Membership, Avis and Budget rental discount and FlexiRoam Global Data eSIM. Their worth depends on how you use the card, so they're not counted above. See them all
Estimated as of Oct 11, 2026. Assumes you're approved, qualify for the offer and meet its spending requirement. Points valued at up to 1¢ each, which is our assumption. Before everyday spending.
Welcome offer
Ends Oct 31, 2027. Not available to current or former cardholders who reinstate a closed account or open a new account for the same card during the offer period. If you cancel the card within 90 days of opening, all CashBack rewards earned in that period are cancelled. The first-year fee waiver is limited to new accounts and is not awarded to current or former cardholders who reinstate a closed account, product transfer, or open a new account for the same card.
- 1Spend $2,000 in a billing cycle, each of your first 12 cycles$40 backYear 1
- First-year annual fee waived$139savedYear 1
Not guaranteed. Welcome offers and bonuses are at the card issuer's discretion, and can change or end at any time.
What it earns
Cash back, straight onto your statement.
| Where you spend | Earns | Back per $1 (est.) |
|---|---|---|
| Groceries | 5% back | 5¢ |
| Transit | 4% back | 4¢ |
| Gas & Fuel | 3% back | 3¢ |
| Recurring Bills | 2% back | 2¢ |
| Everything else | 1% back | 1¢ |
What else you get
Perks
- Airport Lounge Membership
Mastercard Travel Pass lounge membership; each visit is a fee of US$32 per person
Enroll first - Avis and Budget rental discount
At least 10% off the lowest available discountable Time and Mileage retail rates at Avis and Budget in Canada and the US, and up to 30% (Avis) or 35% (Budget) when prepaid
- FlexiRoam Global Data eSIM
Free 3GB global roaming data eSIM (1GB for 5 days, three times a year), valid from October 1, 2024
Enroll first - Roadside Assistance
Free Dominion Automobile Association (DAA) membership with the BMO Roadside Assistance Program (Basic Coverage)
Insurance
- Emergency Medical Insurance
Out-of-province/country emergency medical, up to $5,000,000, first 8 days
Got this card? We'll tell you when to use it.
PointsMaxxing checks the store you're standing in and picks the card in your wallet that earns the most there.
Fine print
Card details are checked against public sources. Issuers change fees, offers and earn rates without notice, and the issuer's terms are the only ones that count, so check them before you apply. Approval, welcome offers and bonus points are at the issuer's discretion and aren't guaranteed. The values above are estimates based on our own point valuations and on assumptions about approval and spending, not a forecast of what you'll receive. This is general information, not financial advice, and it doesn't say whether this card suits you. We're not affiliated with or endorsed by BMO. Card and program names belong to their owners.
Details last checked Oct 11, 2026.