on Bank of Montreal's website
BMO CashBack® World Elite®* Mastercard®* is one of Canada’s best cash back Mastercard credit cards.
Currently, for a limited time, you could receive up to $480 in cash back in the first year. In fact, you will receive $40 in cash back for each monthly period in which you make $2,000 in purchases on your card.
Plus, there is no annual fee for the first year!
Additionally, you benefit from a 0% introductory interest rate on balance transfers for 12 months, as well as a 2% balance transfer fee.
With BMO CashBack® World Elite®* Mastercard®*, you get between 2% and 5% cash back on many categories of purchases:
Everywhere else, you’ll earn 1% cash back, including at Costco. It is also one of the only credit cards in its category to offer a 2 additional years extended warranty.
Finally, enjoy six months of Instacart+ membership and a monthly $10 Instacart credit when you sign up with your eligible BMO credit card.
Offer ends: 2026-10-31
All Spending
1x
Cashback pts per dollar
Gas
3x
Groceries
5x
Transit
4x
Streaming
2x
Recurring
2x
See how much you could earn with this card based on your spending.
Points Earned
62,640
Cashback/yr
Estimated Value
$626
After Fees
+$506
1st Year Value
$506
incl. welcome bonus
Travel Medical
Up to $2,000,000 / 8 days
Delayed Baggage
Up to $500
Lost Baggage
Up to $500
Flight Delay
Up to $500
Hotel Burglary
Up to $1,000
Travel Accident
Up to $500,000
Purchase Protection
Included
Extended Warranty
+1 year(s)
Auto Rental
Up to $65,000 / 48 days
Personal Income
$80,000
Household Income
$150,000
Welcome offer: Get up to $650 in value including $40 cash back each month in your first year. Plus we’ll waive the $120 annual fee in the first year.
Plus, get a 0% introductory interest rate on Balance transfers for 12 months with a 2% transfer fee.*
5% on groceries, 4% on transportation, 3% on gasoline and electric vehicle recharging, 2% on recurring payments, and 1% on other purchases.
Yes, it offers the highest cash back rate on groceries in Canada.
Access to exclusive offers via various on-demand applications and subscription services.
Yes, access to over a million Wi-Fi hotspots worldwide at no extra cost.
Free membership of the Mastercard Airport Experiences program provided by LoungeKey.
Includes Extended Warranty Plus, Purchase Plus and Travel Insurance.
*Conditions apply.
BMO is not responsible for updating the content of this site. For the most up-to-date information, please click on the Online Application link.
Conditions apply. All information is believed accurate but not guaranteed. Card details, rewards, and offers are subject to change at any time. Always verify the latest terms on the issuer’s website before applying. Ratesopedia may receive compensation through affiliate links. This does not affect our editorial choices or card rankings. © 2026 Bank of Montreal. All trademarks are property of their respective owners.
