BMO World Elite Cashback Mastercard: Enjoy 5% Cashback at Grocery Stores with No Annual Fee in the First Year!

The BMO Cashback World Elite Mastercard provides 5% cashback on grocery shopping and even offers discounts at Shell gas stations!

This card utilizes Mastercard’s network, ensuring ease of use both in Canada and internationally, allowing you to redeem your cashback whenever you wish. You can find out how to apply!

SEE HOW TO APPLY

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BMO ranks among Canada’s leading financial institutions, offering a wide range of services including banking, mortgages, loans, investments, and insurance.

Within its credit card selection, the BMO World Elite is particularly noted for its attractive cashback rewards.

This card boasts various cashback tiers, featuring a remarkable 5% on grocery expenses, the highest available in Canada for food and daily needs.

For travel-related expenses such as taxis, you’ll enjoy a cashback rate of 4%. Additionally, you can earn 3% cashback on electric vehicle charging and fuel at gas stations.

Furthermore, this card offers 2% cashback on regular bills such as gym memberships and streaming services.

For all other qualifying purchases, the cashback rate is 1% with no limit, allowing you to redeem your rewards whenever you like.

Additionally, cardholders can save up to seven cents per liter at Shell Fuel, plus enjoy travel and medical insurance coverage of up to $5 million.

Typically, the initial limit starts at $5,000, but it can grow significantly based on the cardholder’s financial situation.

The card offers 10% cashback on all purchases during the first three months, making it a fantastic option for initial savings.

If you maintain a checking account with BMO, the $120 annual fee is waived for the first year; otherwise, it’s $120, plus $50 for each additional card.

To be eligible for the card, you need a positive credit history and to meet BMO’s minimum income standards.

The entire application can be done via BMO’s digital platforms, ensuring security and convenience for daily transactions.

When it comes to cashing in on your rewards, there are several choices available, such as applying it to your statement, transferring it to a checking or savings account, or even utilizing it with an investment account.

The Mastercard Travel Rewards program offers cashback and discounts on travel-related expenses, along with valuable access and perks whenever you need them.

With discounts, save up to 20% at National Car Rental and 5% at Enterprise Rent-A-Car.

The BMO card offers zero liability for unauthorized transactions, features Mastercard Identity Check, and sends alerts for transaction verification.

Interested in another choice?

Seeking another card from BMO? The Cashback Mastercard is a solid option, providing similar benefits for the first 3 months along with the bank’s robust security.

Moreover, it’s cost-effective since there’s no annual fee, and you can see how to apply.

SEE HOW TO APPLY