wealthgeist
BMO CashBack · World Elite Mastercard
BMO CashBack World Elite Mastercard
Cash back on eligible spending. Compare the earn rates and conditions with where you shop.
- Annual fee
- $139
- Foreign transaction fee
- 2.5%
- Purchase APR
- 21.99%
Free · No account needed
Card details reviewed
You prefer cash back and spend at merchants that qualify for the listed rates.
Extra rewards and benefits need to outweigh the annual fee. Interest can outweigh rewards if you carry a balance.
Your estimate
See the rewards after fees, based on where you actually shop.
Your spending is ready to use.
Compare verified cardsAn estimate, not a guarantee. Approval is up to the issuer.
Rewards
Current rates. Conditions and limits matter as much as the headline number.
- Grocery stores
- 5% cash back
Limit: $500 in eligible spending per month; then 1%.
- Ground transportation and public transit
- 4% cash back
Limit: $300 in eligible spending per month; then 1%.
- Gas and EV charging stations
- 3% cash back
Limit: $300 in eligible spending per month; then 1%.
- Recurring bill payments
- 2% cash back
Limit: $500 in eligible spending per month; then 1%.
- All other purchases
- 1% cash back
Merchant coding and eligibility determine the rate. Rates do not add together unless the issuer explicitly allows it.
Using your rewards
Redemption value depends on how you use your rewards. Check the issuer’s redemption terms before comparing points with cash.
Welcome offer
First-year $139 annual fee rebate for eligible new accounts
Fees and eligibility
Paying interest can outweigh the rewards you earn.
- Annual fee
- $139
- Additional card
- $50
- Purchase interest rate
- 21.99%
- Cash advance interest rate
- 23.99%
- Foreign transaction fee
- 2.5%
Who can apply?
- Personal income
- $80,000
- Household income
- $150,000
Meeting published income criteria does not guarantee approval. Other eligibility conditions and fees may apply.
Things to know
5% on first $500 monthly grocery spend; 4% on first $300 monthly transit spend; 3% on first $300 monthly gas/EV charging spend; 2% on first $500 monthly recurring bill spend; 1% base earn on all other purchases and on monthly spend exceeding caps. Cash back can be redeemed on demand starting at $1.
More fees and conditions
Minimum $80,000 gross annual individual income required.
Minimum $150,000 gross annual household income required.
Available to Canadian residents of legal age across all provinces and territories including Quebec. In Quebec, cash advance APR is 21.99% and minimum payments follow provincial regulations.
2.5% foreign currency conversion fee applies to both debit and refund transactions.
Cash advances, balance transfers, fees, interest charges, and refunded purchases do not earn cash back.
Additional cards are available for $50 annual fee per card.
Benefits
Value the benefits you will use—not every advertised perk.
Card benefits
Complimentary Dominion Automobile Association (DAA) BMO Roadside Assistance Basic plan membership.
Mastercard Travel Pass provided by DragonPass with 4 complimentary airport lounge visits per year.
Extended Warranty extends original manufacturer's warranty for up to one additional year.
Purchase Protection covers eligible personal items against theft or damage for 90 days from purchase date.
Car rental discounts up to 25% at participating National Car Rental and Alamo Rent A Car locations.
Insurance & purchase protection
Coverage has eligibility rules, limits and exclusions. The insurance certificate controls.
Emergency travel medical
Out-of-Province/Out-of-Country Emergency Medical Insurance up to $5,000,000 for up to 8 days for insured persons under age 65.
Purchase protection
Purchase Protection (90 days) and Extended Warranty (up to 1 additional year) underwritten by CUMIS / Allianz.
Similar cards
Related reward programs and fees—not a ranking for your spending.
Common questions
Is BMO CashBack World Elite Mastercard worth the annual fee?
It depends on whether the extra rewards and benefits you actually use outweigh the $139 annual fee. Use your spending to compare the ongoing value after fees.
Does this card charge a foreign transaction fee?
The published foreign transaction fee is 2.5%. Exchange rates and other applicable charges can still affect your cost. See the issuer’s terms.
How does WealthGeist calculate my estimate?
We match eligible spending to each card’s reward rules, account for spending limits and subtract fees. You can check the breakdown and adjust assumptions. Welcome offers and ongoing rewards are shown separately.
How we compare