Cash back card · BMO
BMO CashBack World Elite Mastercard
BMO · Mastercard · cash back
Below is every rate the BMO CashBack World Elite Mastercard earns, each one quoted from BMO's own terms with the clause and the date we checked it. The $139 annual fee is shown on its own, never subtracted from a rate.
5%
Top rate
1%
Base rate
$139
Annual fee
2.5%
FX fee
Last updated Reviewed by
This card also earns a place on Verdict's best-of rankings for groceries, gas, transit and recurring.
Everything it earns
every rate quoted from BMO's terms · annual fee shown separately, never netted5%
Groceriesverified Jul 7, 2026Read the clause
Verbatim clause from BMO's terms
“When you make a purchase at a grocery store or supermarket that sells a complete line of food products ... you can earn 5% cash back up to a limit of $500 spent for a given statement period.”
Cap $500 / mo
Read the source terms4%
Transitverified Jul 7, 2026Read the clause
Verbatim clause from BMO's terms
“When paying for public transit, taxis, ride sharing and more, you can earn 4% cash back up to a limit of $300 spent for a given statement period.”
Cap $300 / mo
Read the source terms3%
Gasverified Jul 7, 2026Read the clause
Verbatim clause from BMO's terms
“Whether you pay for gas in-store or at the pump at your local service station, you can earn 3% cash back up to a limit of $300 spent for a given statement period. ... electric vehicle charging station purchases can also be included with gas purchases to earn 3% cash back ...”
Cap $300 / mo
Read the source terms2%
Recurringverified Jul 7, 2026Read the clause
Verbatim clause from BMO's terms
“This sort of automatic bill payment made with your BMO CashBack World Elite Mastercard may be eligible for 2% cash back up to a limit of $500 spent for a given statement period.”
Cap $500 / mo
Read the source terms1%
Everything elseverified Jul 7, 2026
The everyday earn outside any bonus category, no cap
Annual fee
Shown on its own, never subtracted from the rates above
$139
Foreign transaction fee
On purchases in a currency other than Canadian dollars
2.5%
How we verify
Every rate on this page is quoted from BMO's current terms and dated the day we last checked it. When the terms change, the page regenerates. Reviewed by Spotted something off? or email us at
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