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⚖ Add to comparisonBank of Montreal (BMO) · Mastercard
BMO CashBack World Elite Mastercard
The 5% grocery rate is the best headline cashback in Canada, but read the monthly cap before you get excited: once you hit it, grocery spend drops to the base rate, so heavy shoppers max out fast. It works best if your grocery bill sits near (not far above) the cap and you'll use the included travel insurance and roadside assistance. The CAD 80,000 income floor is steep for a cashback card, and the Tangerine card has no fee if you can't clear the CAD 120; confirm the cap and income rules on BMO's site.
⟳ Rates & fees verified June 2026 — always confirm the current terms on the issuer's official site before applying.
What you earn
- ✓Get 5% back on groceries up to a monthly limit
- ✓Earn 4% on transit and 3% on fuel
- ✓Includes complimentary travel and rental car insurance
- ✓Membership in a roadside assistance program is included
👍 Pros
- + Grocery cashback rate leads the market
- + Comes with premium travel insurance and roadside assistance
- + Delivers strong day-to-day value
👎 Cons
- – Carries an annual fee
- – Bonus categories are subject to monthly limits
- – Approval depends on meeting an income threshold
Can you get it?
- ▸Live in Canada and meet your province's age of majority
- ▸Earn at least CAD 80,000 personally or CAD 150,000 as a household
- ▸Hold a good to excellent credit record
- ▸Clear BMO's application review
Requirements are general guidance — the issuer makes the final decision. Learn more about card requirements →
Decided on the BMO CashBack World Elite Mastercard?
Finish your application on the issuer's own secure site.
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