BMO · Mastercard
BMO CashBack World Elite Mastercard
Cash back
Welcome offer
Verified · Oct 4Up to $480 cash back
Earn $40 a month in the first year, up to 12 months for $480 in total. First year free.
- Minimum spend
- —
- Apply by
- Not stated
BMO's wording is $40 a month "when you spend a minimum of $2,000 in your first year", and it does not say whether the minimum applies monthly or yearly. BMO's $650 headline also counts the waived annual fee and roadside assistance.
Checked on October 4, 2026. See the source page
See this card on the issuer's website ↗Fees and requirements
- Annual fee
- $139, first year free
- Foreign transaction fee
- 2.5%
- Purchase rate
- 21.99%
- Cash advance rate
- 23.99%
- Income requirement
- Personal $80,000 or Household $150,000
- Costco in store
- Accepted (Costco takes only Mastercard in store)
Fees and rates were imported on September 6, 2026, and the annual fee has been checked.
Welcome offer history
I have tracked this card's welcome offer since October 4, 2026, and it has not changed. Each time it changes, the old offer will be struck through and kept here.
- Now · Checked October 4, 2026Up to $480 cash backAnnual fee $139 · First year free
Rewards
What each category earns
| Category | Earn per $1 |
|---|---|
| Groceries | 5% |
| Dining and delivery | 1% |
| Gas and EV charging | 3% |
| Recurring bills | 2% |
| Transit | 4% |
| Drugstores | 1% |
| Travel | 1% |
| Entertainment | 1% |
| Phone and internetMust be set up as an automatic payment | 2% |
| StreamingMust be set up as an automatic payment | 2% |
| Online shopping | 1% |
| Convenience stores | 1% |
| Office supplies | 1% |
| Other spending | 1% |
Checked against the issuer's page on October 7, 2026. High-return categories usually have a monthly or annual cap, and issuers exclude some merchants. See the source page
Included insurance
- Travel medical
- Included
- Travel medical (age 54 and under)
- $2,000,000, 8 day(s)
- Travel medical (age 64 and under)
- $5,000,000, 8 day(s)
- Travel accident
- $500,000
- Flight delay
- $500
- Baggage delay
- $500
- Lost baggage
- $500
- Rental car collision
- $65,000, 48 day(s)
- Hotel burglary
- $1,000
- Extended warranty
- 1 year
- Purchase protection
- 90 day(s)
Coverage amounts and number of days are as stated in the certificate of insurance.