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With an annual fee of $120, the BMO® CashBack® World Elite®* Mastercard®* is a fancy loyalty card for Canadians with a minimum personal income of $80.000. To apply for it, you need to have a good or excellent credit score and pay $120 a year. However, you'll get the first year free, plus you'll gain access to numerous perks and benefits.
First, with this card, you can get 1.5% cashback on all your purchases. Second, you get unlimited cashback, with no tiers, categories or caps. Thus, you can use this card anywhere without restrictions and benefit from the amazing savings.
Another reason to choose this loyalty card is due to the premium perks. You can benefit from a $2 million out of country travel medical insurance, trip interruption insurance, car rental insurance, purchase protection and extended warranty. You also get free roadside assistance.
As a welcome offer, you can get a 5% cashback reward for the first 3 months. The BMO CashBack World Elite Mastercard is definitely a great alternative to all other cash back cards out there, being considered to be one of the top loyalty cards in 2020.
Mohamed Konate is a personal finance expert, blogger, and marketing consultant based out of Toronto. He is a former financial services professional who worked for many years at major Canadian financial institutions where he managed the marketing strategy around various financial products ranging from credit cards to lines of credit. Mohamed is passionate about personal finance and holds a Bachelor in Business Administration from the University of Quebec (Montreal) and a Master in International Business from the University of Sherbrooke (Quebec).He is also the author of the Canadian Credit Card Guidebook.
