BMO Cashback World Elite Mastercard

The BMO Cashback World Elite Mastercard earns high cash back across grocery, transit, and gas purchases. Review benefits, calculate cash back, and compare.
Quick Details
Issuing Bank
Card Network
Rewards Earned
Annual Fee
Authorized User Fee
Foreign Transaction Fee

Rewards Rate Details

The BMO Cashback World Elite Mastercard features four bonus categories which are grocery, transit, gas, and recurring bills.

Each category has their own individual cap per statement cycle in which you'll earn at the non-category rate of 1% once you've hit the cap. Grocery caps at $500 per cycle, transit caps at $300, gas caps at $300, and recurring bill payments cap at $500.

There's no limit to the amount of cash back you can earn with the BMO CashBack World Elite Mastercard overall.

  • 5% Grocery
  • 4% Transit
    • Includes ride sharing, taxis, and public transportation.
  • 3% Gas
    • Includes electric vehicle charging.
  • 2% Recurring Bill Payments
    • Such as phone bill, gym membership, and streaming services
  • 1% All Other Purchases

Perks & Benefits

The BMO Cashback World Elite Mastercard comes loaded with travel and purchase protections along with a few other small benefits as well.

Rewards Calculator

You can use the rewards calculator to calculate how many points, miles, or cash back you can earn based on your spend per category. This calculator will also give you the dollar value of the card based on the value of the rewards earned and how much each benefit is worth to you, minus the annual fees. You can click the Compare A Card button to compare this card side by side any other card featured on the site within the same calculator.

Note! All category spend entered in the primary card's column (first column when comparing cards) will carry over to all credit card calculators on the site. This means you will not have to re-enter the same information again and again when browsing during the session.

Rewards Calculator

Credit Card

This calculator will calculate the cash value of the selected credit card(s) based on spend, benefits, and fees. You can compare this card against any other rewards card side-by-side by clicking on the Compare A Card button.
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FEE Annual Fee
The annual fee of the selected credit card.
AU Auth Fee
The fee to add authorized users (supplementary cards).
$ 0
SUB Sign Up Bonus
If the card has a sign up bonus, you can enter it here. If you're unsure of the bonus, you can click the Learn More link by the card image to be taken to the issuer's website (in a new tab).
EV Extra Cash Value
Enter any additional cash value you want to give the card such as the value of unaccounted for perks and benefits.
$
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Currency Worth

The value of the rewards associated with the selected credit card(s). You can click the currency to edit the value or change it to reflect transfer partners.
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Loyalty & Memberships

Hotel elite status, loyalty program status, and memberships. These are typically calculated based on a selection though some are calculated automatically. Most cards will not have anything in this section.
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Category Spending

Click on a category to enter how much you plan on spending. You can add or remove categories, change the order of the categories, or view additional options.
Categories
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Options
Add Categories
Search for categories and click 'Add Category' to add it to the calculator. If you want to be more specific, you can specify domestic or international spend.
Type at least 3 characters.
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Add Categories On Card Change
When you add/change a credit card comparision, the categories missing from the newly added card will be added to the list of categories. Toggle this off to prevent such from happening.
Clear Spend/Mobile
Clear All Spend will clear the spend in all categories in both columns and all saved values (cookies). Clear Mobile will remove the mobile pay option from all categories in both columns.
Copy Spend
Copies all spend amounts and their units of time from one column to the other. Does not copy mobilepay indicator.
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Reward Bonuses

Any extra bonuses to do with a specific card will be listed here. You can edit/add the Sign Up Bonuses (SUB) under the Credit Card section.
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Subtotal

This is the sum of all rewards earned from Category Spending and Reward Bonuses along with the cash value of it all based on Currency Worth.
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Monetary Bonuses

This is the total of all cash bonuses associated with the card(s). You can change the value of those that feature the symbol. Other bonuses are automatic. If there's extra value (EV) you want to add to the card, you can click on the card under the Credit Card section. You can also click on to get details on the listed bonuses.
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Annual Fees

This is the sum of annual fees and authorized user fees associated with the credit card(s). You can edit the annual fee as well as change the number of authorized users by clicking on the card under the Credit Card section at the top of this calculator.
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Grand Total

The estimated cash value of the card(s). This is the sum of the Subtotal and Monetary Bonuses minus Annual Fees. The return is based on estimated cash value divided by total credit card spend.
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Value:
Return:
Card 2
Value:
Return:
BMO CashBack® World Elite® Mastercard®
BMO CashBack® World Elite® Mastercard®
Intro Bonus
View Issuer's Website
Rewards Rate
5%
Earn 5% back on groceries
4%
Earn 4% back on transit including ride sharing, taxis, and public transportation
3%
Earn 3% back on gas including electric vehicle charging
2%
Earn 2% back on recurring bills like your phone bill, gym membership, and favorite streaming services
1%
Earn 1% back on all other purchases
Main Card Highlights
  • Enjoy free access to over 1 million Wi-Fi hotspots around the world with Boingo Wi-Fi for Mastercard Cardholders.
  • Earn even more cash back when you add another cardholder for $50 a year.
  • Save up to 25% off rentals at participating National Car Rental and Alamo Rent a Car locations.
  • Airport lounge access with complimentary membership in Mastercard Airport Experiences provided by LoungeKey.
  • No waiting! Redeem your cash back any time you want for as little as $1.
  • Roadside assistance including battery boosts, flat-tire change, lockout service and towing – a $69/year value.
  • Travel and medical protection with 8-day out-of-province/out-of-country emergency medical benefits – up to $2 million coverage.
  • Minimum Income Requirements: $80,000 Individual or $150,000 Household
Annual Fee
$120
Authorized User Fee
$50
Foreign Transaction Fee
2.5%
Updated 2021-08-05 By Robert Flowers III
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