BMO Cashback World Elite delivers up to 5% cashback on groceries and a first-year fee waiver for Canadians

High-value cashback on everyday spending

The BMO Cashback World Elite card delivers strong cashback where Canadians spend most: groceries, dining and travel. Cardholders can earn up to 5% cashback on groceries, making it a top pick for families and anyone looking to trim weekly food bills across provinces from Ontario to British Columbia.

Beyond groceries, the BMO Cashback World Elite gives meaningful rewards on dining and other everyday categories, plus built-in protections that Canadians value. These consistent cashback returns help offset household costs while the card’s perks add convenience for frequent travellers and urban shoppers alike.

Clear benefits and travel protections

One standout is the first-year fee waiver, which lets you test the BMO Cashback World Elite without committing to an annual fee right away. After the introductory period, the card’s ongoing value depends on your spending mix — high grocery and dining spenders will see the biggest net gains thanks to the generous cashback structure.

Travel and purchase insurance are part of the package, offering peace of mind when you’re flying out of YYZ or driving across the Prairies. The World Elite suite also includes concierge support and other premium services that complement the cashback focus, adding practical value for Canadian lifestyles.

How to maximize your cashback returns

To get the most from the BMO Cashback World Elite, route grocery and dining expenses to this card and use other cards only for categories where they outperform it. Regularly check BMO promotions and targeted offers that can temporarily boost cashback rates on specific stores or categories.

Always pay your statement balance in full each month to avoid interest eating into your rewards. Treat the BMO Cashback World Elite as the default for high-cashback purchases, and track rewards monthly so you can tweak spending patterns and keep cashback yield high.

Applying and comparing with other Canadian cards

Applying for the BMO Cashback World Elite is straightforward: complete the online form with employment and income details and wait for a quick decision. Eligibility typically requires a good credit score, so review your credit profile beforehand and ensure documentation is ready to speed approval.

When comparing options, weigh the BMO Cashback World Elite against cards that offer travel points or higher rates on fuel and entertainment. For households prioritizing grocery savings, the BMO Cashback World Elite often outperforms alternatives thanks to its up-to-5% cashback on groceries and first-year fee waiver.