BMO CashBack World Elite Business Mastercard

Fact	Details
Annual fee	$175
Additional cards	$75 per additional card; up to 22 additional cards
Purchase APR	20.99%
Cash advance APR	23.99%
Foreign transaction fee	Not published by the issuer
First-year value	$1,667

How you earn rewards

• 5% cash back on gas and EV charging
• 4% on recurring bill payments, software subscriptions and monthly services
• 3% on shipping, insurance, office supplies and telecom services
• 1.25% on all other purchases, with no limit
• Bonus rates apply to the first $1,000 in purchases each statement cycle; 1.25% after that

Current offer

Up to 15% cash back for 3 months (up to $900) + first-year fee waived

Up to 15% cash back in the first three billing cycles, to a maximum of $900 on $6,000 in purchases: up to $500 each in gas, recurring bills and the 3% categories, and up to $4,500 in everything else. Annual fee waived in the first year for the primary cardholder. For applications received November 9, 2026 to December 14, 2027.

Insurance

Insurance	Coverage
Out-of-province emergency medical	Up to $5,000,000. Trips of up to 8 days
Flight delay	Up to $500 per account. Delays of more than 4 hours
Delayed or lost baggage	Up to $500 per person. $1,000 maximum per trip
Baggage delay	Up to $500. Delays of more than 6 hours
Car rental collision and loss	Rentals up to 48 days
Purchase protection	90 days. Theft, loss or damage of new purchases
Extended warranty	Up to 1 extra year. Extends the manufacturer’s warranty

Benefits

• Mastercard Travel Pass membership provided by DragonPass (BMO values it at $93)
• BMO Roadside Assistance, 24/7
• Five virtual healthcare visits with Maple (BMO values them at $520)
• Six months of Instacart+ and a $10 monthly Instacart credit
• Mastercard Easy Savings rebates of 1% to 25%
• Up to 35% off Avis and Budget base rates when you prepay

Things to consider

• BMO’s terms say each bonus category earns its rate on up to $1,000 in purchases per statement cycle, and that purchases after the first $1,000 earn 1.25%. The terms do not say clearly whether the $1,000 is per category or shared, so our estimate treats it as one shared limit.

Rates, fees and offers were read on each issuer's own page on November 9, 2026.

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