Are you on the lookout for a credit card that not only fits your lifestyle but also rewards you generously? Look no further than the BMO CashBack World Elite Mastercard, the card that stands out in the crowd, offering an array of benefits and perks that make every purchase feel like a win.
In this comprehensive guide, we’ll delve into the key details that make this card a compelling choice for those seeking a top-tier credit card.
Main features of the BMO CashBack World Elite Mastercard
New cardholders can enjoy a welcome offer that includes up to 10% cash back in the first three months, coupled with the added benefit of having the $120 annual fee waived in the initial year.
For those who meet the requirements, this is an exclusive offer that serves as a compelling motivation to begin using the BMO CashBack World Elite Mastercard.
Qualification requirements
A minimum yearly income of $80,000 is needed for individuals to qualify for this exclusive credit card, and households must show that their total annual income is $150,000. Additionally, the annual fee can be rebated annually with a BMO Premium Chequing Account, providing even more value for account holders.
Benefits and Rewards
When it comes to rewards, the BMO CashBack World Elite Mastercard is unmatched by any other credit card. Here’s a breakdown of the impressive cash back rates:
- 5% on groceries: A market-leading cash back rate on food and essentials in Canada.
- 4% on transit: Covering ride-sharing, taxis, and public transportation.
- 3% on gas: Including electric vehicle charging.
- 2% on recurring bills: Covering phone bills, gym memberships, and streaming services.
- 1% on all other purchases: No limits on how much cash back you can earn.
The versatility of these cash back categories ensures that you’re rewarded for your everyday spending, making every purchase a step towards earning more.
Additional perks
The BMO CashBack World Elite Mastercard provides a number of extra advantages in addition to cash back returns, such as:
- Roadside assistance: Valuable services like battery boosts, flat-tire changes, lockout services, and towing – a $69/year value.
- Travel and medical protection: With 8-day out-of-province/out-of-country emergency medical benefits up to $5 million in coverage.
- Free access to Wi-Fi hotspots: Over 1 million hotspots globally with Boingo Wi-Fi for Mastercard Cardholders.
How to apply for the BMO CashBack World Elite Mastercard
Ready to experience the benefits of the BMO CashBack World Elite Mastercard? The application process is straightforward. Simply visit the official BMO website and follow the application instructions.
Keep in mind the minimum income requirements and ensure that you meet them before applying. The annual fee is waived in the first year, offering a substantial savings of $120.
Is the BMO CashBack World Elite Mastercard Worth It
In a nutshell, yes. When it comes to maximizing cash back benefits, the BMO CashBack World Elite Mastercard is an exceptional option for both individuals and households. The combination of a lucrative welcome offer, competitive cash back rates, and a variety of additional perks positions this credit card as a top contender in the market.
Cash back calculator
Curious about how much cash back you can earn? BMO provides a handy cash back calculator on their website. By inputting your estimated monthly spending in various categories, you can get a personalized estimate of your potential yearly rewards. The calculator shows that in the first year alone, you could earn up to $776 in cash back, including the welcome offer.
Cashing in on your rewards
The versatility of the BMO CashBack World Elite Mastercard when it comes to cash back redemption is one of its best qualities. As long as your account is active and in good standing, your benefits never expire.
You may redeem your cash back at any time for as little as $1, and there’s no waiting period. Set up automatic deposits starting at $25 to make the most of your rewards.
Additional benefits
Beyond the cash back rewards, the BMO CashBack World Elite Mastercard comes with a host of additional benefits, including enhanced security features, free access to Wi-Fi hotspots worldwide, and exclusive travel rewards and offers.
Ready to experience more cash back?
If you’re ready to elevate your credit card experience and start earning more cash back on your everyday purchases, the BMO CashBack World Elite Mastercard is an excellent choice.
With its generous rewards, exclusive perks, and straightforward application process, this credit card is designed to make every purchase more rewarding. Apply now and look forward to a world of cash back benefits!
