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BMO CashBack World
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Annual fee
$120
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Purchases
20.99% for purchases
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Rate
23.99% for cash advances8 (21.99% for Quebec residents)
Cashing in on your cash back
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Your cash back rewards never expire as long as your account is open and in good standing.
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No waiting! Redeem your cash back any time you want for as little as $1.
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Set up automatic deposits starting at $25.
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Enjoy the flexibility to put your cash back where you want:
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Statement credit
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BMO chequing or savings account
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InvestorLine
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Enjoy free access to over 1 million Wi-Fi hotspots around the world with Boingo Wi-Fi for Mastercard Cardholders. Connect today by registering and activating your complimentary Boingo account.
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Discover a world of Mastercard Travel Rewards cash back offers when you shop, dine and relax with our partners outside of Canada.
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Access valuable benefits and offers for digital everyday services from a variety of on-demand apps and subscription services.
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Earn even more cash back when you add another cardholder for $50 a year.
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Save up to 25% off rentals at participating National Car Rental and Alamo Rent a Car locations.
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Enjoy free 24-hour access to our experienced concierge staff.
See how to request the BMO CashBack World Elite Mastercard credit card
We are sure that you are here after the first part. There we talked about the BMO CashBack World Elite Mastercard credit card a lot, what it can offer and all these things. The thing is, that is not the only thing you should be learning about the card.
It is also important that you learn all that you can about the application process. Which are here. The process can be tricky, so learning requirements and documents is a good thing. Down below, learn all you can about the BMO CashBack World Elite Mastercard credit card.
Discover the best credit cards across Canada
What are the requirements needed to apply?
You probably really enjoy the BMO CashBack World Elite Mastercard credit card. Of course, you would, why would you not? This card is the type to help you everywhere. Which is why down below we bring you a list of requirements. That way, applying for it is easier.
- Be a Canadian citizen or permanent resident
- Have not declared bankruptcy in the past seven years
- Have reached the age of majority in the province in which you live (18 years in AB, MB, ON, PE, QC and SK. 19 years in all other provinces)
- Meet minimum income requirements: $80,000 (individual) or $150,000 (household)
What documents are needed to request the BMO CashBack World Elite Mastercard credit card
To see more about what you need to apply for the BMO CashBack World Elite Mastercard credit card, we are here to help. Down below ewe bring you a list of the documents needed to apply for this credit card. See more! Account
- account online, including your name, date of birth, contact info
- Social Insurance Number (SIN),
- address,
- employment status,
- income source(s),
- and rent or mortgage amount
What are the biggest profiles/uses of this credit card?
If you are already aware of how good the BMO CashBack World Elite Mastercard credit card is already, then you may be interested in learning if it could be the best credit card for you. Down below, we have a list to make sure. See the best profiles of the card.
Welcome bonus
Did you know that you are able to even get a welcome bonus? Most credit cards do have that option, true, but it is still a very nice thing. In that welcome offer, you are able to get even more cashback than initially you thought you could.
You can get up to 10% cashback in your first three months. Even more, you can get the $120 annual fee waived in the first year. Meaning you will not have to pay for the annual fee in the first year! See, these are amazing offers.
Earning rewards
Then, of course, if not the welcome reward was not amazing as it is, you commonly may see people applying for the BMO CashBack World Elite Mastercard credit card because of the rewards. The credit card does have a lot of them.
You may get, besides the welcome offer, get a lot of cashback. Even more, it comes easy. You can get 5% on groceries up to $500 monthly spend, 4% on transit up to $300. 3% on gas up to $300, 2% on recurring bills up to $500, and then 1% on all other purchases.
Insurance coverage
Of course, that being such a nice card as it is, the BMO CashBack World Elite Mastercard credit card will also have an amazing insurance coverage. You get a ton of it, and we will try listing all of the options that you are able to get.
You get, purchase protection, travel accident, trip interruption, emergency medical team, flight delay, baggage delay, lost or stolen baggage, personal effects, hotel burglary. Also, you can get rental car theft and damage, rental car accident and rental car personal effects.
World elite MasterCard
Of course, being a MasterCard credit card, the BMO CashBack World Elite Mastercard credit card will also come with the MasterCard benefits. And they will all come as extra benefits, ready to be used whenever you want to apply for it.
Many benefits are going to be very used by these profiles. For example, you get the priceless cities program, the world MasterCard experiences program and also the 24/7 concierge. So, as you can see, you get a lot.
Our advice for those who are going to apply for the BMO CashBack World Elite Mastercard credit card
So, as you may have seen, there is a lot about the BMO CashBack World Elite Mastercard credit card that can interest you. The card is good, it has nice benefits and is one of the best out there. Of course, even after all that, you might have doubts.
Don’t miss the chance to get this credit card, which is one of the best out there!
Our advice for you today will be automatically connected to that thought. You see, when applying for the BMO CashBack World Elite Mastercard credit card, you will search a lot. You will search for benefits, bad sides, and a lot more than you think.
Which is why that eventually you might come with a question that you are unable to answer with simple articles. When that time comes, you will find that the best way you can get help is through the company. So do not be afraid of it. Contact them, and you will see that it is much easier.
Weighing advantages and disadvantages – Is it worth it?
Comparing pros and cons might not be what you think you need, but seeing everything laid out, it is going to help a lot. Now, is the BMO CashBack World Elite Mastercard credit card worth it? We do agree it is. You have some high income requirements, and the spending of cashback is limiting.
But the benefits will surely take over. You get a very good sign up bonus. There is also a huge amount of cashback you can get on normal things. Along with the insurance and all, we do believe it is worth it.
Request your BMO CashBack World Elite Mastercard credit card on the official website once and for all!
So, what do you want? Are you ready to apply for the BMO CashBack World Elite Mastercard credit card? Click down below and learn more about it. Apply for it now.