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BMO Cashback World Elite Mastercard Review

Earn up to 5% cash back on all eligible purchases, allowing you to earn money back on essentials and luxuries alike.

BMO Cashback World Elite MasterCard
Source: BMO Cashback World Elite MasterCard

The BMO CashBack World Elite Mastercard is a premier credit card designed to elevate your everyday spending and reward your lifestyle. With this card, you’ll enjoy generous cash back rewards on all your purchases, including groceries, gas, dining, and more.

What sets this card apart is its exclusive World Elite benefits, including complimentary roadside assistance, travel insurance coverage, and concierge services, providing exceptional value and convenience for cardholders.


BMO Cashback World Elite MasterCard
CREDIT CARD
BMO CashBack World Elite Mastercard
10% cash back Roadside Assistance Program
Access everything you need with a credit card
Watch an ad to apply for your card Watch an ad to apply for your card


Whether you’re shopping online, dining out, or planning your next adventure, this card offers a seamless and rewarding experience with every purchase. Elevate your lifestyle with cash back rewards and premium benefits, making the BMO CashBack World Elite Mastercard an essential companion for those seeking value, convenience, and exceptional service in a credit card.

Earning rewards

Earning rewards with the BMO CashBack World Elite Mastercard is simple and rewarding, with a tiered cash back structure tailored to your spending habits. Here’s how you can earn cash back rewards with this card:

  • 5% cash back on groceries: Earn 5% cash back on grocery purchases, up to $500 in monthly spending, making your grocery shopping more rewarding.
  • 4% cash back on transit: Enjoy 4% cash back on transit expenses, including public transportation, rideshares, taxis, and more, up to $300 in monthly spending.
  • 3% cash back on gas: Earn 3% cash back on gas purchases, up to $300 in monthly spending, saving on fuel costs for your vehicle.
  • 2% cash back on recurring bills: Get 2% cash back on recurring bill payments, such as utility bills, streaming services, and subscriptions, up to $500 in monthly spending.
  • 1% cash back on all other purchases: Earn 1% cash back on all other purchases that don’t fall into the bonus categories, ensuring you earn rewards on every transaction.

Maximize your cash back earnings by focusing your spending on bonus categories and watch your rewards grow with the BMO CashBack World Elite Mastercard.

Redeeming rewards

Redeeming your cash back rewards with the BMO CashBack World Elite Mastercard is flexible and convenient, offering multiple options to access your rewards when and how you prefer. Here are the ways you can redeem your cash back:

  • Deposits into a BMO chequing or savings account: Opt to have your cash back rewards deposited directly into your BMO chequing or savings account, providing easy access to your rewards for everyday spending or saving.
  • Deposits into a BMO Investorline account: Choose to deposit your cash back rewards into a BMO Investorline account, allowing you to invest your rewards for future growth and financial goals.
  • Statement credit: Alternatively, you can apply your cash back rewards as a statement credit towards your BMO CashBack World Elite Mastercard balance, reducing your outstanding balance.

You have the flexibility to request a deposit when your rewards account reaches as little as $1, giving you control over when you access your rewards. Additionally, you can set up automatic deposits to your chosen account whenever your rewards balance reaches $25, providing convenience and consistency in redeeming your cash back.

Benefits of BMO Cashback World Elite MasterCard

  • First annual fee waived

The BMO CashBack World Elite Mastercard offers the benefit of having the first annual fee waived, providing an opportunity to enjoy the card’s rewards and benefits without the initial cost. This feature enhances the card’s value proposition, allowing cardholders to experience its perks and cash back benefits in the first year at no additional expense.

  • Welcome bonus

The BMO CashBack World Elite Mastercard offers an enticing welcome bonus with 10% cash back for the first three months. This generous promotion applies to purchases such as new or used cars, travel expenses, dining, and more. Additionally, this card comes with no annual fee, making it even more appealing for maximizing cash back rewards during your initial months of card ownership.

  • Free roadside assistance

The BMO CashBack World Elite Mastercard provides complimentary roadside assistance to assist cardholders in vehicle emergencies such as breakdowns, battery failures, or lockouts. Enjoy worry-free driving with the assurance of free roadside assistance, making the BMO CashBack World Elite Mastercard a practical choice for cardholders seeking comprehensive benefits along with cash back rewards.

BMO Cashback World Elite MasterCard
Source: BMO Cashback World Elite MasterCard
  • Insurance package

The BMO CashBack World Elite Mastercard features an impressive insurance package, offering 13 out of 17 types of insurance commonly tracked, making it one of the most comprehensive among cash back credit cards. A standout coverage included is Personal Effects insurance, which protects your belongings throughout your entire trip, not just while in transit or at accommodations.

  • World Elite Mastercard

The BMO CashBack World Elite Mastercard offers exclusive World Elite Mastercard perks, enhancing your cardholder experience with access to unique events, entertainment, and personalized assistance through 24/7 concierge services. These perks complement the card’s cash back rewards and insurance benefits, providing added value and elevating your lifestyle with memorable experiences and exceptional service.

Credit Card BMO Cashback World Elite MasterCard Request Requirements

Before applying for the BMO Cashback World Elite MasterCard, ensure you meet the following requirements:

  1. Credit Score: A good to excellent credit score is generally required for approval.
  2. Income: A minimum annual income may be necessary. Check the specific requirements set by BMO.
  3. Legal Age: Applicants must be at least 18 years old.
  4. Residency: Typically, you need to be a resident of the United States.

How to Apply for BMO Cashback World Elite MasterCard

Applying for a BMO Cashback World Elite MasterCard is easier than you think:

  1. Go to the BMO website and look for BMO Cashback World Elite MasterCard
  2. Click on Apply Now
  3. Read Terms and Conditions
  4. Fill your personal and financial details
  5. Submit your application

FAQs about BMO Cashback World Elite MasterCard

What is the minimum credit score required for approval?

BMO typically looks for a good to excellent credit score.

Can I manage my credit card account online?

Yes, BMO provides online account management for easy access to your credit card information and transactions.


BMO Cashback World Elite MasterCard
CREDIT CARD
BMO CashBack World Elite Mastercard
10% cash back Roadside Assistance Program
Access everything you need with a credit card
Watch an ad to apply for your card Watch an ad to apply for your card

Formado em direito Especialista em economia, investimento e finanças pessoal. Seu foco é mudar a vida financeira das pessoas.