New cardmembers can earn up to $650 in value + first year annual fee waiver by completing the steps below.
How to earn it
$40 cash back per month (up to $480 total)Spend at least $2,000 in each monthly statement period during the first year.
$139 annual fee rebateMaintain an approved account; first year annual fee waived.
$75 roadside assistance valueRoadside assistance benefit included with the card.
Available to new BMO CashBack World Elite Mastercard cardholders who meet the offer requirements. Existing terms and exclusions apply as outlined by BMO.
How you earn
5% cash back on eligible grocery purchases
4% cash back on eligible transit purchases, including ride sharing, taxis, and public transportation
3% cash back on eligible gas purchases and electric vehicle charging
2% cash back on eligible recurring bill payments
1% cash back on all other eligible purchases
Cash back rewards never expire while the account remains open and in good standing
Redeem cash back anytime starting from as little as $1
Redeem cash back as a statement credit, deposit to an eligible BMO account, or contribution to InvestorLine
Built-in perks & coverage
Roadside Assistance
Complimentary roadside assistance coverage including battery boosts, flat tire changes, lockout service, fuel delivery, and towing.
Emergency Medical Insurance
Out-of-province and out-of-country emergency medical coverage of up to $5 million for eligible trips of up to 8 days.
Extended Warranty Insurance
Doubles the original manufacturer's warranty period on eligible purchases for up to one additional year.
Purchase Security Insurance
Eligible items purchased with the card are protected against theft or damage for 90 days from the purchase date.
Instacart+ Membership
Receive six complimentary months of Instacart+ membership when enrolled with an eligible BMO credit card.
Monthly Instacart Credit
Receive a $10 monthly Instacart credit after enrolling an eligible BMO credit card.
Flexible Cash Back Redemptions
Redeem cash back at any time starting from as little as $1 as a statement credit, deposit to an eligible BMO account, or contribution to InvestorLine.
Cash Back Never Expires
Cash back rewards do not expire as long as the account remains open and in good standing.
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Automatic Cash Back Deposits
Set up automatic cash back deposits starting at $25 into eligible BMO accounts.
Credit Card Balance Protection
Optional coverage available that can provide up to $20,000 in credit card balance protection.
Credit Coach Access
Free access to BMO Credit Coach for credit score monitoring with no impact on your credit score.
Card Management Tools
Lock or unlock your card, report it lost or stolen, and manage account security through BMO digital banking.
The verdict
What we like
Industry-leading cash back rates
Complimentary roadside assistance
Comprehensive insurance coverage
Strong first-year value
Flexible cash back redemptions
Annual fee rebate with Premium Chequing Account
Worth noting
High income requirements
Annual fee after the first year
Foreign transaction fees apply
Monthly spending caps on bonus categories
Issuer terms apply. ClearFin is not affiliated with this provider. How we make money.
