BMO World Elite Cashback Mastercard: 5% Cashback on Grocery Purchases and a Temporary 10% Cashback Bonus on all Purchases

The BMO Cashback World Elite is a card that offers 5% cashback on all your grocery purchases, redeemable whenever you want.

The award-winning card is one of the most efficient when it comes to cashback, and you can check out how to apply today.

SEE HOW TO APPLY

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BMO is one of the leading financial institutions in the Canadian market, offering a range of services such as bank accounts, mortgages, loans, investments, and insurance.

Among their credit cards, they provide great options like the BMO World Elite, focused on offering cashback.

In this sense, it offers different cashback levels, including 5% on groceries, the highest in Canada for food and essential items.

For transit expenses like travel and taxis, the cashback is 4%. You also receive 3% cashback on electric vehicle charging and gas stations.

Additionally, you get 2% on recurring bills, including gym memberships and streaming services.
For all other eligible purchases, the cashback is 1%, unlimited, and available for redemption whenever you want.

Generally, as is common with this type of credit card, the initial limit starts at $5,000 but can increase significantly based on the cardholder’s conditions.

The card offers 10% cashback on all purchases in the first 3 months, making it very efficient for saving money in the early weeks with your BMO card.

By having a checking account with BMO, you can enjoy a waiver of the $120 annual fee in the first year. Otherwise, the fee remains $120, with an additional $50 for each supplementary card.

To access the card, you need to have a favorable credit history, as well as meet the minimum income required by BMO.

The bank allows the entire application process to be completed through BMO’s digital channels, providing security and convenience for everyday life.

You also receive up to seven cents per liter off at Shell Fuel, along with travel and medical protection with up to $5 million in coverage.

To redeem your cashback, there’s plenty of flexibility, with options to credit it to your statement, checking or savings account, or even an investor line.

The Mastercard Travel Rewards program offers discounts and cashback on travel purchases, along with valuable access and benefits wherever you need them.

In terms of discounts, you can save up to 20% with companies like National Car Rental and up to 5% with Enterprise Rent-A-Car.

For security, the BMO card offers zero liability for fraudulent use, Mastercard Identity Check, and BMO alerts to confirm your transactions.

Thus, the BMO card works very well and can be used in any situation, both within and outside of Canada.

Want to learn another option?

If you’re looking for a lower-cost BMO card, you can opt for the BMO Cashback Mastercard, which offers an initial 5% cashback during the first three months.

Approval tends to be easier for the BMO Cashback Mastercard, providing good security for everyday use, and you can see how to apply.

SEE HOW TO APPLY