BMO CashBack World Elite Mastercard
Quick answer: The BMO CashBack World Elite Mastercard carries a CA$120 annual fee and 10 catalogued benefits, 2 of them dollar credits worth CA$170 a year at face value; its best earning category is Groceries at 5x. Welcome offer: Earn $40 bonus cash back for each monthly period you spend $2,000+ in purchases, for the first 12 months after account opening. Up to $480 total bonus cash back. First year annual fee rebate of $120.. MaxWorth is the only benefits tracker with hand-verified Canadian card data, and it never asks for a bank login.
Earning rates
| Category | Rate | True cash-back value |
|---|---|---|
| Groceries | 5x | 5% |
| Transit | 4x | 4% |
| Gas | 3x | 3% |
| Recurring Bills | 2x | 2% |
| Everything else | 1x | 1% |
True cash-back value = rate × MaxWorth's valuation of the card's points currency; see the methodology.
Credits (2)
$10 Monthly Instacart Credit
CA$120/yrEarn a $10 Instacart credit each month when you sign up with your eligible BMO credit card. Valid on orders of $35 or more. Benefit for eligible BMO credit cardholders is valid through October 31, 2027.
Instacart+ 6-Month Membership
CA$50/yrEnjoy six months of complimentary Instacart+ membership when you sign up with your BMO CashBack World Elite Mastercard. Instacart+ includes free delivery on orders over $35, reduced service fees, and exclusive savings.
Status & Elite Perks (1)
Roadside Assistance
CA$69/yrComplimentary Roadside Assistance Program (DAA membership) including battery boosts, tire changes, lockout service, and towing. Valued at approximately $69 per year.
Protections (7)
Travel Emergency Medical Insurance
CA$80/yrUp to $2,000,000 in coverage per person for emergency medical expenses incurred during travel outside your province of residence, for trips of up to 8 consecutive days. Includes hospitalization, emergency treatment, prescribed medications, and emergency medical transport.
Purchase Protection Plus
CA$60/yrCoverage against accidental loss, damage, or theft for items purchased with your BMO CashBack World Elite Mastercard for 180 days from the date of purchase.
Rental Car Collision Coverage
CA$60/yrCovers collision damage and theft for rental vehicles with a value up to $65,000 for rental periods of up to 48 days. Includes personal effects coverage up to $1,000 per person. Rental must be charged entirely to the card.
Extended Warranty Plus
CA$50/yrExtends the manufacturer's original warranty by up to two additional years on eligible items purchased entirely with your BMO CashBack World Elite Mastercard.
Flight Delay Insurance
CA$30/yrUp to $500 per account per trip when your scheduled flight is delayed by 6 or more hours. Covers reasonable expenses for meals, accommodation, and transportation. Requires at least partial ticket charge to the card.
Baggage Insurance
CA$30/yrUp to $750 per covered person ($2,000 maximum per account per trip) for lost, stolen, or damaged baggage. Up to $200 for essential purchases when baggage is delayed by the common carrier for 12 or more hours.
Travel Accident Insurance
CA$20/yrCovers accidental loss of life or dismemberment while travelling as a fare-paying passenger on a common carrier. Requires 100% of the ticket cost charged to the card.
How to track it
Add the BMO CashBack World Elite Mastercard to MaxWorth and every credit above appears with its cycle set; you get a push before each one expires and the card's annual-fee ROI runs from what you mark used. No Canadian bank account is ever connected. What MaxWorth covers for Canadian cards.
Other BMO Bank of Montreal cards
- BMO eclipse Visa Infinite Privilege Card · CA$599 · 0 benefits
- BMO VIPorter World Elite Mastercard · CA$199 · 15 benefits
- BMO Ascend World Elite Mastercard · CA$150 · 13 benefits
- BMO Blue Rewards World Elite Mastercard · CA$150 · 12 benefits
- BMO eclipse Visa Infinite Card · CA$120 · 10 benefits
- BMO VIPorter Mastercard · CA$89 · 12 benefits
- BMO U.S. Dollar Mastercard · CA$49 · 3 benefits
- BMO Preferred Rate Mastercard · CA$29 · 2 benefits
Source: the issuer's published terms, entered and verified by hand in the MaxWorth database; amounts in CAD. Methodology.