Cash back$139/yr · waived year oneBMO · World Elite Mastercard

BMO CashBack World Elite Mastercard

Category cardWhat the roles mean

Groceries: 5% cash back on the first $500 a month, plus 4% transit, 3% gas and 2% bills

Welcome offer now

Up to $480 cash back ($40/month for 12 months) + first-year $139 annual fee waived.

Ends October 31, 2027.

Checked on BMO's own page October 21, 2026. See BMO's page

What it earns in a year

$533 back a year

After the $139 annual fee.

Based on $30,000 a year of spending ($9,600 groceries, $3,000 gas, $3,000 dining…). Welcome offer not included.

Try it with your own spending →

Groceries (First $500 a month, then 1%): 5% back.
Transit (First $300 a month, then 1%): 4% back.
Gas / EV (First $300 a month, then 1%): 3% back.
Bills & subscriptions (First $500 a month, then 1%): 2% back.
Everything else: 1% back.

Highlighted = use this card here.

How to apply for the BMO CashBack World Elite Mastercard

Check first

Keep it 90 days: the welcome cash back is cancelled if you close the card sooner

Check you qualify Income: $80,000 personal or $150,000 household. You need to live in Canada and be the age of majority in your province.
Have this ready Your address and how long you've lived there, your employer and yearly income, and your monthly rent or mortgage. Your SIN is optional for a credit card; you can leave it blank.
Expect a credit check Applying adds a hard inquiry to your credit report, which lowers your score a little for a few months. Space applications about 90 days apart.
Apply on BMO's own site Apply online from the bank's product page, where the offer above is shown. This isn't an affiliate link: we earn nothing if you apply.Apply on BMO's site →
After you're approved Put the spending needed for the welcome offer on the card before the deadline, and pay the full balance every month.

How to use it

Welcome offer: $40 back in each of the first 12 billing cycles where you spend $2,000+ (up to $480). Apply by October 31, 2027
Groceries: 5% on the first $500 a month, then 1%
Transit, rideshare, taxis: 4% on the first $300 a month
Gas and EV charging: 3% on the first $300 a month
Recurring bills: 2% on the first $500 a month
Example: $800/month groceries + $250 gas + $250 dining + $300 bills = $528 a year back, $389 after the $139 fee

Key facts

Annual fee: $139
Purchase interest: 21.99%
Foreign currency fee: 2.5%
Min. personal income: $80,000
Min. household income: $150,000
Rewards: Cash back

Annual fee waiver

BMO Premium Plan: $139 fee rebated every year
Performance Plan: $40 back
The catch: both need $15,000+ in card purchases each fee year; additional-card fees are not rebated

From bmo.com product page, checked October 17, 2026. Not an affiliate link.

More BMO cards

Best paired with

Rogers Red World Elite

This card: groceries, gas / ev, bills & subscriptions, transit
Rogers Red World Elite: dining & restaurants, travel, drugstore / pharmacy, entertainment, everything else
Together: $659 a year after both fees, vs $533 with this card alone
With this card's $139 fee rebated (see Fee waiver): $798 a year
Rogers pays 2% with an active Rogers, Fido or Shaw service, 1.5% without

If your stores take Amex: Scotiabank Gold Amex for groceries, dining & restaurants, entertainment makes it $797 a year. Costco and Loblaw-banner grocers don't take Amex.

Computed on our standard household ($30,000 a year): each kind of spending goes to whichever card pays more, both fees taken off. Partners are everyday, category and churning cards on Visa or Mastercard. Points at their simplest redemption. Welcome offers not included.

Pros

Four bonus categories, all paid in cash
1% on everything else, no cap
Up to $480 in year one and the $139 fee waived
Roadside assistance included
Travel medical, flight delay, baggage and rental-car cover
Cash back from $1 any time, or automatically at $25
Accepted at Costco (Mastercard)

Cons

$139 a year from year two (see fee waiver)
Monthly caps: 5% groceries stops at $500, about $25 a month
The $40 is lost in any month you spend under $2,000
Travel medical only covers the first 8 days of a trip
No trip cancellation or phone insurance
2.5% on foreign-currency purchases
Needs $80,000 personal or $150,000 household income

Insurance included

Travel medical: $5 million, 64 and under, first 8 days
Flight delay: $500, after 4 hours
Delayed bags: $500, after 6 hours
Lost bags: $500 per person ($1,000 max)
Travel accident: $500,000
Rental car damage: up to 48 days, cars up to $65,000
Purchases: 90 days of theft/damage cover, warranty +1 year

Maximums as BMO lists them. Conditions apply; the insurance certificate decides claims.

Perks

Roadside assistance: battery boost, flat tire, lockout, towing
Car rental: up to 20% off National and Alamo, 5% off Enterprise
Mastercard Travel Pass: lounge membership; visits about US$32 each

Other cards for groceries

Back a year on $9,600 of groceries, caps included. Points at best-case value. Before annual fees.

Card	Earns on groceries	Back a year	Annual fee	Terms checked
Amex Cobalt	5× points≈ 10.0% in value	$960	$192	October 21, 2026
Scotiabank Gold Amex	6× points	$576	$120	November 2, 2026
Neo World Elite Mastercard	5% back	$480	$149	October 21, 2026
National Bank World Elite Mastercard	5× points	$480	$150	October 21, 2026
Desjardins Cash Back World Elite Mastercard	4% back	$384	$100	October 23, 2026
SimplyCash Preferred	4% back	$384	$120	October 21, 2026
BMO CashBack World Elite Mastercard	5% back≈ 3.5% in value	$336	$139	October 21, 2026

Other cards for transit

Back a year on $1,200 of transit, caps included. Points at best-case value. Before annual fees.

Card	Earns on transit	Back a year	Annual fee	Terms checked
BMO CashBack World Elite Mastercard	4% back	$48	$139	October 21, 2026
Amex Cobalt	2× points≈ 4.0% in value	$48	$192	October 21, 2026
Desjardins Odyssey Visa Infinite Privilege	4% back	$48	$395	October 21, 2026
CIBC Aventura Visa Infinite Privilege	2× points≈ 4.0% in value	$48	$499	October 21, 2026
BMO eclipse Visa Infinite	5× points≈ 3.4% in value	$40	$120	October 21, 2026
Rogers Red World Elite	2% back≈ 3.0% in value	$36	$0	October 21, 2026

How the offer has changed

One row per check of BMO's page, newest first. Old rows are never edited.

Checked	Welcome offer	Fee, year one	Ends
October 21, 2026	Up to $650 in value: $40 cash back each billing cycle with $2,000+ in net purchases in the first 12 cycles (max $480), first-year $139 fee waived (primary only), $75 roadside assistance value; 0% balance-transfer intro for 12 months (2% fee). Applications Dec 15, 2025 to Oct 31, 2027Unchanged since October 17, 2026 (product page, BMO footnotes page, fee insert, Premium/Performance Plan rebate terms all the same)	$139, waived yr 1 ($50 additional card not waived)	October 31, 2027
October 17, 2026	Up to $650 in value: $40 cash back each billing cycle with $2,000+ in net purchases in the first 12 cycles (max $480), first-year $139 fee waived (primary only), $75 roadside assistance value; 0% balance-transfer intro for 12 months (2% fee). Applications Dec 15, 2025 to Oct 31, 2027Annual fee is $139, not $120 (BMO's fee insert dated June 2, 2026 already shows $139). Window extended from October 31, 2026. Fee fully rebated with the Premium Plan, $40 with the Performance Plan ($15,000 card spend/yr)	$139, waived yr 1 ($50 additional card not waived)	October 31, 2027

General information, not financial advice. Offers change; confirm on BMO's page before you apply.