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BMO CashBack World Elite Mastercard

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Card details
Network provider
Mastercard
Provider
BMO Bank of Montreal
Card type
Rewards
Credit needed
Excellent
Fees and interest
Annual fee
$0
$120 after the first year
Purchase interest rate
19.99%
Cash advance rate
22.99%
Balance transfer rate
22.99%
Credit score required
Excellent (750-900) Good (650-749) Fair (575-649) Bad (300-574)
Features
  • 24/7 Customer Service
  • Airport Lounge Access
  • Extended Warranty
  • Purchase Protection
  • Rental Car Discounts
  • Roadside Assistance Program
  • Travel Benefits

The BMO CashBack World Elite Mastercard is a cash-back rewards card is available to people with excellent credit scores (750 and higher).

For the first four months, users of the BMO CashBack World Elite Mastercard receive 5% cash-back on all purchases. Then the card yields 1.5% cash-back.  

BMO CashBack World Elite Mastercard cardholders also get complimentary roadside assistance, discounts on rental cars, travel and medical protection and concierge services.

To qualify for the card, you need to earn an income of at least $80,000 as an individual or have a household income of $150,000. The annual fee is $120 and supplementary cards can be obtained for $50 per year. However, the annual fee is waived in the first year. 

The card offers competitive interest rates of 19.99% on purchases and 22.99% on cash advances and balance transfers.

 

Why get the BMO CashBack World Elite Mastercard?

Earn quick cash-back with BMO's welcome offer -  Consumers who obtain the BMO CashBack World Elite Mastercard have four months to take advantage of 5% cash-back. Users receive up to $250 before regular cash-back rates kick in.

Twenty-five percent off car rentals -  BMO CashBack World Elite Mastercard users save up to 25 percent on car rentals at both National Car Rental and Alamo Rent A Car locations. Collision damage coverage for all rented vehicles is also included.

Travel and medical protection -  While travelling, BMO CashBack World Elite Mastercard cardholders can enjoy peace of mind, as the card comes with travel and medical protection, including out-of-province and out-of-country emergency medical assistance.

Roadside assistance -  BMO CashBack World Elite Mastercard cardholders get complimentary roadside assistance, worth $69 per year.