Am I eligible?
To get this card, you must also:
Note: This information is only intended as a guide. The final decision is up to the bank and your application could still be rejected even if you can answer 'Yes' to all the minimum criteria above. Always consider your options and your financial situation before you apply for a credit card.
What the Critics Are Saying...
- Rewards CanadaThe card simply doesn't match its competitors despite the bank's self proclaimed "highest cash back earn rate on groceries in Canada" and having some good features and benefits. Unfortunately even though the card has those 2%, 3%, 4% and 5% accelerated earn rates, they don't actually mean much when...
- Renee Sylvestre-Williams, ForbesThe BMO CashBack World Elite Mastercard boasts the highest cash back rate in Canada on grocery purchases, offering you 5% cash back on your grocery haul. And, since it also offers good cash back rates on other practical spending, like gas and transportation, this card has the potential to earn subst...
- Victor, Yore OysterWith a generous welcome bonus of up to 10% cash back in the first three months and an introductory annual fee waiver for the first year, the BMO Cash Back World Elite Mastercard is one of Canada's best cards for accumulating cash back rewards. The card also offers excellent purchase protection cover...
- Reed Sutton, Frugal FlyerThe BMO Cashback World Elite Mastercard is a formidable cash back earning credit card. Its strengths include category bonuses with grocery, transit, gas, and recurring payments, as well as a complimentary roadside assistance program and strong insurance benefits with purchase protection and extended...
- Stefani Balinsky, HardbaconMaybe the card isn’t for the budget conscious or the travel hacker. It screams city living and access to every convenience. If you see yourself interested in a consistent lifestyle, then this card is for you. Lifestyle happens all year, and with this card you don’t have to save up miles or points to...
Details
| Interest Rates | |
|---|---|
| Regular APR Interest Rate | 20.99% |
| Balance Transfer Interest Rate |
23.99% 21.99% for Quebec residents |
| Cash Advance Interest Rate |
23.99% 21.99% for Quebec residents |
| Rates & Fees | |
| Annual Fee |
$120.00 Waived on the first year. |
| Balance Transfer Fee |
5% Maximum |
| Cash Advance Fee |
1% Minimum of $5 |
| Foreign Transaction Fee |
2.5% Transactions made in a foreign currency will be converted and posted to your account in Canadian currency. |
| Over Limit Fee | $29.00 |
| Late Payment Fee | $0.00 |
| Promotions | |
| Sign up bonus |
Get up to 10% cash back on every credit card purchase in your first 3 months, up to a maximum of $2,600 ($260 cash back) in spendings. |
| Rewards | |
| All Purchases | 1% cash back |
| Restaurants | No |
| Gas |
3% cash back
|
| Groceries |
5% cash back Up to $500 per statement cycle then 1% after (effectively capped at $6,000 per year) |
| Hotels | No |
| Travel | No |
| Pharmacy | No |
| Bills |
2% cash back
|
| Additional Details |
|
| Features & Benefits | |
| Additional Card Holders |
$50 per year for each card |
| Travel Accident Insurance | Yes |
| Car Rental Insurance | Yes |
| Car Rental Discount | Yes |
| Extended Warranty | Yes |
| Purchase Protection | Yes |
| Zero Liability | Yes |
| No Foreign Transaction Fees | No |
| Emergency Assistance | Yes |
| Concierge Service | Yes |
| Price Protection | No |
| Fraud Protection | Yes |
| Free Credit Scores | No |
| Wireless Payments | Apple Pay |
| Virtual Cards | No |
| Additional Benefits |
|
| Eligibility | |
| Minimum Security Deposit | $0 |
| Minimum Age |
18 years in AB, MB, ON, PE, QA, SK. 19 years in all other provinces. |
| Minimum Personal Income |
$80,000 per year |
| Temporary Residents | No |
| More | |
| Additional comments | - |
| Terms & Conditions | Official Terms & Conditions |
| Suggest a correction |
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