BMO
BMO CashBack World Elite Mastercard
Welcome Bonus
Earn welcome bonus plus first year fee waived
cashback groceries gas cashback premium world-elite
Annual Fee
$120
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Quick Stats
Annual Fee
$120
Purchase APR
21.99%
FX Fee
2.5%
Card Type
mastercard
Rewards & Earning Rates
| Spending Category | Earn Rate |
|---|---|
| Groceries | 5% cash back |
| Gas and Electric Vehicle Charging | 4% cash back |
| Transit and Dining | 3% cash back |
| All other purchases | 0.5% cash back |
Welcome Bonus Details
First year annual fee waived ($120 value). Welcome bonus varies by promotion.
Fees & Interest Rates
| Annual Fee | $120.00 |
| Additional Card Fee | $50.00 |
| Purchase Interest Rate | 21.99% |
| Cash Advance Interest Rate | 23.99% |
| Foreign Transaction Fee | 2.5% |
Pros & Cons
Pros
- Industry-leading 5% on groceries
- 4% on gas and EV charging
- 3% on transit and dining
- First-year annual fee waived
- No earning caps on bonus categories
- Easy cashback redemption (as low as $1)
- World Elite Mastercard benefits
Cons
- $120 annual fee after first year
- High income requirements ($80K/$150K)
- Low 0.5% base earn rate
- 2.5% foreign transaction fee
- Limited travel insurance compared to travel cards
- Best suited only for high grocery/gas spenders
Eligibility Requirements
Requires $80,000 personal or $150,000 household income; good to excellent credit
Recommended Credit Score: 700+
Categories
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