Credit Cards

BMO CashBack® World Elite® Mastercard® card full review

A strong insurance and protection, a great tier of rewards, a good welcome offer, and more. Read our BMO CashBack® World Elite® Mastercard® review to learn more about it!

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by Aline Augusto

Published on 12/14/2021

BMO CashBack® World Elite® Mastercard® card 

BMO CashBack® World Elite® Mastercard® review. Source: BMO.
BMO CashBack® World Elite® Mastercard® review. Source: BMO.

Hello, Canadians! Are you ready to meet a new credit card featured by BMO? Because the content is pretty good! Then, check out our BMO CashBack® World Elite® Mastercard® review!

So, everyone searches for cashback, right? But not all cards offer that, and even those that offer it don’t give you the high tier you deserve.

Well, that’s not the case with BMO CashBack® World Elite® Mastercard®. You can earn up to 5% cashback on all purchases, plus up to 10% as a welcome bonus.

Keep reading to learn how it works!

Credit ScoreGood – Excellent 
Annual Fee$120
Regular APRFrom 20.99% to 22.99% (21.99% for Quebec residents)
Welcome bonusUp to 10% cashback in the first 3 months, and no annual fee in the first year
RewardsUp to 5% cashback on all purchases
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How to get BMO CashBack® World Elite® Mastercard®?

Earn up to 5% cashback with the BMO CashBack® World Elite® Mastercard® card! Learn now how to apply for one!

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How does the BMO CashBack® World Elite® Mastercard® credit card work?

Let’s get started with the unboxing. First of all, by signing up for this card, you will be received with a welcome offer of up to 10% cashback in the first three months, plus the annual fee of $120 will be waived.

Second of all, it offers the best tier of rewards for groceries, in which you can earn 5% cashback on this category. 

Then, you earn 4% on gas and transit, 2% on recurring bills, and 1% on all other purchases.

Plus, these rewards can be redeemed as you wish, with no limit and minimum amount.

Also, it offers roadside assistance, travel, and medical protection (see terms and conditions at BMO website).

BMO CashBack® World Elite® Mastercard® benefits

Learn more about the BMO CashBack® World Elite® Mastercard® credit card. Source: Pexels.
Learn more about the BMO CashBack® World Elite® Mastercard® credit card. Source: Pexels.

A Mastercard is always a great deal. It is a worldwide accepted flag that delivers convenience and assistance when needed.

And the BMO CashBack® World Elite® card follows it. Besides the cashback, this credit card provides you with some privileges and benefits that other cards don’t. 

As a result, you will feel peace of mind to know that you are assisted all the time.  

But before applying for one, check out the list of pros and cons right below!

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Pros

  • A great welcome offer with cashback and annual fee waived
  • A strong insurance package
  • Unlimited cashback with no minimum amount to redeem
  • Mastercard convenience and acceptance
  • Discounts for exclusive events

Cons

  • Annual fee
  • It requires a good credit score
  • It requires a minimum individual $80,000 or $150,000 (household) annual income

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How good does your credit score need to be?

This card is great, but it requires a minimum 740-credit score and a minimum individual $80,000 or $150,000 (household) annual income in Canada.

How to apply for a BMO CashBack® World Elite® Mastercard®?

If you meet the requirements above, you may ask for a BMO CashBack® World Elite®. Learn now how to apply for it by reading our next post!

logo BMO fundo branco

How to get BMO CashBack® World Elite® Mastercard®?

Earn up to 5% cashback with the BMO CashBack® World Elite® Mastercard® card! Learn now how to apply for one!

About the author

Aline Augusto

My name is Aline Mesquita; I'm a writer here on the blog, where I write about finance in general and other subjects. I have been working with content creation for ten years. Also, I'm post-graduated in Project Management, with expertise in SEO practices. Currently, I am studying finance, market trends, and cryptocurrencies.

Reviewed by

Aline Barbosa

Senior Editor

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