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BMO World Elite Cashback Mastercard: Offer of up to 10% Cashback for 3 Months and $0 Fee in the First Year!

Want a Mastercard World Elite card endorsed by BMO? Then check out the bank’s option that offers up to 5% cashback on grocery purchases. 

This benefit is one of the highest in this category, and you also get an extra 10% offer in the first 3 months. See how to apply. 

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BMO is one of the leading banks in the Canadian market, with a strong presence in various services. Their credit card lineup is a clear example of this, offering a powerful combination with Mastercard to bring you the BMO Cashback World Elite Mastercard.

In terms of benefits, you get cashback, right? This is a very flexible benefit format, as you probably already know.

For all purchases, you get 1% cashback, but there are higher rates depending on each category; see below:

  • 2% on recurring bills
  • 4% on transit, including taxis and public transport
  • 3% at gas stations and electric vehicle charging
  • 5% on groceries

And you can redeem whenever you want by paying a single fee of $1 per withdrawal. It’s worth it, right?

If you want to be sure about the potential benefits of this super card, you can check out the cashback calculator available directly on the platform.

BMO doesn’t specify your limit, as it varies based on each customer’s conditions. Generally, most cardholders report an initial limit starting at $5,000.

Yes, BMO offers a special cashback deal of up to 10% on purchases during the first 3 months with the bank’s card. Plus, you get the first-year annual fee waived.

The BMO card’s annual fee is $120, but you get the first year free.

To access the card, the main requirement is income, and you need to have maintained a clean credit record for a good period of time.

Yes, you can complete your entire application directly through BMO’s online service channels.

Here are the redemption options:

  • Statement credit
  • BMO checking or savings accounts
  • InvestorLine

The card also offers other benefits worthy of Mastercard’s World Elite tier, such as exclusive access and special discounted subscription offers.

Looking for discounts? Get up to seven cents per liter at Shell, 20% off rentals at National Car Rental, and up to 7% off bookings with Booking.com.

In terms of security, BMO provides frequent alerts to help you recognize unauthorized purchases, backed by the Zero Liability program to give you even more reliability in your day-to-day.

Like what you see? The BMO card is highly efficient for your lifestyle!

Want to learn another option?

If you don’t meet the income requirements for Mastercard’s World Elite, you can still take advantage of another great offer from the same bank, like the BMO Cashback Mastercard.

The card is quite efficient, right? This means you’ll also earn high cashback on purchases and enjoy great conditions. See how to apply.

Gabriel Gonçalves
Written by

Gabriel Gonçalves

Writer with over 10 years of experience specializing in finance and education. Master's student in Communication and an expert in online content production.