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The BMO Cashback World Elite Mastercard

Enjoy top-tier cash back, comprehensive insurance, and exclusive perks.


BMO Cashback World Elite MasterCard
CREDIT CARD
BMO CashBack World Elite Mastercard
5% cash back Travel benefits
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The BMO CashBack World Elite Mastercard is a premier credit card designed to enhance your everyday spending with generous cash back rewards and exclusive perks. With this card, you can earn up to 5% cash back on groceries, 4% on transit, 3% on gas, 2% on recurring bills, and 1% on all other purchases, allowing you to maximize rewards on essential expenses.

Beyond cash back, the card offers a robust insurance package, including Personal Effects coverage for comprehensive protection during travel. Cardholders also enjoy World Elite Mastercard perks such as Priceless Cities access, World Mastercard Experiences, and 24/7 concierge services, adding value and convenience to their lifestyle.

Pros:

  • First annual fee waived.
  • Earn up to 5% cash back.
  • Enjoy 13 types of insurance coverage, including Personal Effects insurance for travel protection.
  • Access exclusive benefits like Priceless Cities, World Mastercard Experiences, and 24/7 concierge services.
  • Flexible Redemption Options.
  • Receive complimentary roadside assistance for vehicle emergencies.

Cons:

  • The card comes with an annual fee of $120.
  • High income requirements of either $80,000 personal or $150,000 household.

The BMO CashBack World Elite Mastercard is designed for individuals who want to maximize cash back rewards on their everyday spending while enjoying comprehensive insurance coverage and exclusive perks. This card is well-suited for:

  • Frequent Spenders: Those who spend significantly on groceries, transit, gas, and recurring bills can benefit from the high cash back rates in these categories.
  • Travelers: Individuals who value travel protection and World Elite Mastercard perks like Priceless Cities and concierge services.
  • Affluent Consumers: The card’s annual fee and income requirement make it ideal for individuals with higher spending capacity and financial stability.
  • Reward Enthusiasts: People who appreciate flexible redemption options and want to earn cash back on various types of purchases.
  • Roadside Assistance Users: Those who drive and seek complimentary roadside assistance for peace of mind during travel.

Overall, the BMO CashBack World Elite Mastercard caters to individuals who prioritize rewards, insurance benefits, and exclusive services in their credit card experience.

We like the BMO CashBack World Elite Mastercard for its robust cash back rewards program, offering high rates on essential spending categories like groceries, transit, gas, and recurring bills. This allows you to earn significant rewards on your everyday purchases, making it easier to accumulate cash back over time.

Additionally, the card’s comprehensive insurance package provides peace of mind, particularly with features like Personal Effects coverage for extended travel protection. The inclusion of World Elite Mastercard perks further enhances the card’s appeal, granting access to exclusive experiences and services.

Overall, the BMO CashBack World Elite Mastercard combines rewarding benefits with valuable features, making it a favorable choice for individuals seeking a versatile and rewarding credit card experience.



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