BMO CashBack Business Mastercard or BMO CashBack World Elite Mastercard?

You have definitely already heard of BMO Bank if you live in Canada. It was founded in 1817, so it is the oldest bank in the country. And it is one of the largest, as well.

To live up to its name and reputation, BMO offers a full range of services and products to help Canadians with their financial life.

One of its products is the credit card. Whether you are a business owner, a person looking for a low-interest rate, or someone searching for some privileges, this bank delivers to you all.

Today, we will compare two great credit cards, the BMO CashBack Business Mastercard and the BMO CashBack World Elite Mastercard.

So, check out the comparison to decide for your own which fits better your needs and goals.

Whether you are a sole proprietor, a person in a partnership, a corporation, or an unincorporated association, you might consider this credit card a perfect fit for you. That is because it offers the possibility to minimize costs and maximize earnings.

This Mastercard not only gives you cash back on all purchases, but also it doesn’t charge annual fees whatsoever.

In summary, you earn a great deal in the welcome bonus and rewards, as follows:

Also, you can empower your employees with delegated purchasing authority by adding optional cards to them.

But, don’t worry, with a Liability Waiver Program, you will be protected against employee card abuse.

Besides that, it provides Extended Warranty and Purchase Protection.

If you want a little extra or much extra, you need to meet this credit card. As you can imagine by its name, this Mastercard delivers some privileges.

It is a unique card that gives you 5% cash back on groceries, 4% on transit, 3% on gas, 2% on recurring bills, and 1% cash back on all other purchases. 

And a welcome offer of up to 10% cash back in your first three months.

Moreover, your rewards can be redeemed anytime you want for as little as $1, with no expiration dates.

This high rate of rewards comes with some perks, too, as follows:

Furthermore, you can enjoy peace of mind knowing that you have an extended warranty, purchase protection, Zero Liability, layers of security, credit alerts, and more.

But all of this comes with a price. It charges a $120 annual fee that is waived in the first year.

This credit card is an excellent choice for those who own a business. So, if you want to earn rewards, welcome bonus, convenience, and essential protection, without paying a lot for these benefits, the BMO CashBack Business Mastercard is for you.

The best features are definitely the $0 annual fee and the rewards in cash back on all purchases.

Also, it offers the possibility to add cards for employees with protection against purchase abuse.

Plus, it gives automatic rebates on eligible purchases at participating merchants through the Mastercard Easy Savings.

The BMO CashBack World Elite Mastercard is a card for those who want exclusive access and services.

Besides the extraordinary reward rate, this credit card provides extra assistance, support, insurance, and protection.

So, you can travel and not only feel safe but also feel attended with exclusivity as you deserve.

With many partnerships, you get free access to wi-fi hotspots and lounges, valuable benefits to rental services, concierge anytime you need, and more.

Moreover, you can enjoy peace of mind with BMO account alerts, balance protection, credit alert, Mastercard Identity Check, and more.

It could lower the APR for business owners, as well as it could improve the insurance package offered.

Unfortunately, all the benefits and perks this card offers come with an annual fee of $120. Also, it requires a minimum $80,000 (individual) or $150,000 (household) annual income.

If you are a business owner looking for a credit card, the BMO CashBack Business Mastercard is definitely a good choice for you.

Otherwise, if you meet the requirements and want some privileges, stick with the BMO CashBack World Elite Mastercard and earn many rewards.

But if you are still not sure about the best option, BMO has another great card available for you! Learn more about the BMO CashBack Mastercard card below!