BMO CashBack World Elite Mastercard
Last updated:
$120/year
Earn up to 10% cashback for 3 months
Earn 10% cashback on groceries, dining, gas, and transit for the first 3 months.
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Key Details
Annual Fee
$120
Network
mastercard
Credit Required
good, excellent
Reward Type
cashback
Rewards Earn Rates
5x
Groceries
3x
Gas
3x
Dining
1x
Travel
1x
Everything Else
Highlights
- $120 annual fee
- 5% cashback on groceries
- 4% on transit and recurring bills
- 3% on gas and dining
- 1% on everything else
Pros & Cons
Pros
- + Top-tier 5% grocery cashback
- + Strong earn across all daily categories
- + Works at Costco (Mastercard)
- + World Elite benefits
Cons
- – $120 annual fee
- – $80,000 household income requirement
- – High fee needs significant grocery spend to justify
- – Only 1% base rate
Who Is This Card For?
The BMO CashBack World Elite Mastercard is best suited for Canadians who prioritize cashback, groceries, gas spending. At $120/year, it's worth it for those who spend enough in bonus categories to offset the fee.
Benefits Breakdown
Extended Warranty
Purchase Protection
90 days
Rental Car Insurance
Insurance Coverage Details
Ways to Reduce the Annual Fee
- 5% on groceries: spend $300/month = $180/year cashback, minus $120 fee = $60 net gain
- Product-switch from no-fee BMO CashBack MC
- Works at Costco where Amex cards don't
Multi-Card Strategy
Best grocery card that also works at Costco. Pair with a no-FX card for travel and an Amex Cobalt for 5x dining.
See full multi-card strategies →Is this card worth it for you?
Use our rewards estimator to see how much you'd earn based on your spending.
Frequently Asked Questions
Ready to Apply?
Visit the issuer's website to confirm current terms and apply.
Apply for BMO CashBack World Elite MastercardAffiliate link · Disclosure
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Sources
Last verified: 2026-03-01. Offers and terms can change. Always confirm details on the issuer's website before applying.