Card Details

Bank Name: BMO
Network Type: Mastercard
Card Type: Personal
MRC Rating My Rate Compass's ratings are determined by our editorial team. Our editors rate credit cards objectively based on the benefits and features the credit card offers, interest rates, the fees, and how a credit card compares with other cards in its category.: (4)

Fees

Annual Fee: $120
Additional Card Fee: $0
Purchases Interest Rate: 19.99%
Cash Advance Interest Rate: 22.99%

Eligibility

  • You're a Canadian resident
  • You've reached the age of majority in your province or territory

Recommended Credit Score

Average to Excellent (670-900)

BMO® CashBack® World Elite®* Mastercard®* Review

Welcome Bonus: Get up to 5% cash back in your first 3 months.
 
BMO® CashBack® World Elite®* Mastercard®* snapshot

BMO® CashBack® World Elite®* Mastercard®* Review

Welcome offer: Get up to 10% cash back in your first 3 months and the $120 annual fee waived in the first year.*


1.5% cash back on all credit card purchases

Spend $2,500 monthly on card purchases

Earn $450 cash back annually

BMO® CashBack® World Elite®* Mastercard®* Rewards
BMO® CashBack® World Elite®* Mastercard®* Features
Priority airport services
Yes
Airport lounge access
Yes
Concierge service
Yes
Balance protection(Optional)
No
Purchase Security & Extended Protection Insurance
Yes
Flight delay insurance,Baggage Insurance
Yes
Vehicule rental insurance
Yes
Travel accident insurance
Yes
Travel medical insurance
Yes
BMO® CashBack® World Elite®* Mastercard®* User Reviews
Total Reviews: 0

Rating: 1 2 3 4 5 ( 4 )

Application Experience: 1 2 3 4 5

Rewards/Features: 1 2 3 4 5

Customer Service: 1 2 3 4 5

Convenience: 1 2 3 4 5

Likelihood to recommend: 1 2 3 4 5

BMO® CashBack® World Elite®* Mastercard®* FAQs
 

Other Recommended Credit Cards

Advantages:

  • BMO CashBack World Elite Travel and Medical Protection38 offering 8 day Out of Province / Out of Country Emergency Medical protection up to $2MM, Collision Damage Waiver on rental cars, and more.
  • free membership in the Dominion Automobile Association (DAA) and the benefits of their BMO Roadside Assistance Program (Basic Coverage)
  • to add additional cardholders to earn even more cash back for $50/year each
  • purchase protection plus and extended warranty plus on most items bought with your card
  • Complimentary membership in Mastercard Airport Experiences provided by LoungeKey
 

Editor`s Review:

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.

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Click on the user reviews tab above to leave a review

 

Author Bio

User
Mohamed Konate

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.