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BMO CashBack World Elite Mastercard
CANADA CREDIT CARD

BMO CashBack World Elite Mastercard

BMO Bank of Montreal · Annual fee CA$120 CAD · Cash Back · data refreshed October 3, 2026

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

CategoryRateTrue cash-back value
Groceries5x5%
Transit4x4%
Gas3x3%
Recurring Bills2x2%
Everything else1x1%

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/yr
Monthly

Earn 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/yr

Enjoy 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/yr
Annual

Complimentary 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/yr
Annual

Up 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/yr
Annual

Coverage 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/yr
Annual

Covers 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/yr
Annual

Extends 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/yr
Annual

Up 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/yr
Annual

Up 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/yr
Annual

Covers 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

Source: the issuer's published terms, entered and verified by hand in the MaxWorth database; amounts in CAD. Methodology.