BMO CashBack World Elite Mastercard
Cash Back1.0¢ exact
$0 annual fee (waived yr 1)
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Cash back card with 5% on groceries, 4% on transit, 3% on gas, and 2% on recurring bills (each capped at $500/month). Strong returns for households with predictable category spend. Lounge access via Mastercard Travel Pass adds modest value if you fly occasionally.
Earn Rates
🛒 Groceries — Amex accepted5x🚇 Transit4x⛽ Gas3x📄 Bills2x·Everything else1x
💡 Earn 5% cash back on groceries (up to $500/statement period), 4% on transit (up to $300), 3% on gas & EV charging (up to $300), 2% on recurring bill payments (up to $500); 1% after caps and on everything else.
Welcome Bonus
Smart Bonus Strategy — Earn 24,000 points
Spend $24,000 within 12 months
Minimum spend bonus
Spend $2,000 in 1 months
cash back bonus+$40Minimum spend bonus
Spend $2,000 in 2 months
cash back bonus+$40Minimum spend bonus
Spend $2,000 in 3 months
cash back bonus+$40Minimum spend bonus
Spend $2,000 in 4 months
cash back bonus+$40Minimum spend bonus
Spend $2,000 in 5 months
cash back bonus+$40Minimum spend bonus
Spend $2,000 in 6 months
cash back bonus+$40Minimum spend bonus
Spend $2,000 in 7 months
cash back bonus+$40Minimum spend bonus
Spend $2,000 in 8 months
cash back bonus+$40Minimum spend bonus
Spend $2,000 in 9 months
cash back bonus+$40Minimum spend bonus
Spend $2,000 in 10 months
cash back bonus+$40Minimum spend bonus
Spend $2,000 in 11 months
cash back bonus+$40Minimum spend bonus
Spend $2,000 in 12 months
optimal stopcash back bonus+$40Min. spend earnings24,000 pts × 1.0¢+$240
Annual fee (waived yr 1)$0
Net first-year value+$720
Compare to Similar Cards
MBNA Smart Cash Platinum Plus Mastercard
Cash Back1.0¢ exact
$0 annual fee
you could earn$377
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