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BMO CashBack Mastercard vs. BMO CashBack World Elite Mastercard

See how your selected cards differ in estimated value, costs and conditions.

Using example spending assumptions

$2,000/month CAD · Travel benefits assumed usable · Same profile for every card

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Two-card comparison
Annual Fee
$0.00
First Year Bonus Value
$97.50
Net Annual Rewards
$282.00Illustrative monetary estimate ready. Example: $2,000/month. Separate from a personalized estimate.
First Year Value
$379.50

Comparison example at $2,000/month. A personalized estimate is not available for this card and profile. Review the value basis and conditions.

View card: BMO CashBack Mastercard
Sources & terms
Last verified: October 10, 2026. Confirm current terms with the issuer.Official issuer source for BMO CashBack Mastercard (opens new tab)
Annual Fee
$139.00
First Year Bonus Value
$480.00
Net Annual Rewards
$429.80Illustrative monetary estimate ready. Example: $2,000/month. Separate from a personalized estimate.
First Year Value
$1,048.80

Comparison example at $2,000/month. A personalized estimate is not available for this card and profile. Review the value basis and conditions.

View card: BMO CashBack World Elite Mastercard
Sources & terms
Last verified: October 10, 2026. Confirm current terms with the issuer.Official issuer source for BMO CashBack World Elite Mastercard (opens new tab)
BMO CashBack Mastercard$0.00 annual fee
On this comparison

At a glance

At a glance for the selected cards, in selected order.
FactBMO CashBack MastercardBMO CashBack World Elite Mastercard
Regular annual feeValues differ
$0
$139
Rewards program
Cash Back
Cash Back

Value

Based on typical spending of $2,000/month, after annual fees. Net annual rewards exclude welcome bonuses.

Value for the selected cards, in selected order.
FactBMO CashBack MastercardBMO CashBack World Elite Mastercard
First-year valueValues differ
$379.5
$1,048.8
Net annual rewardsValues differ
$282
$429.8
Your input
Needs your input
Needs your input
First-year bonus valueValues differ
$97.5
$480

Complete estimates

Shared inputs update only cards that use the same existing assumption. Card-specific qualifications remain separate.

BMO CashBack Mastercard — annual assumptions also apply to the other annual estimates
Annual estimate assumptions for BMO CashBack Mastercard

Ongoing rewards use one complete reward/reset cycle with an even spending mix. Year 1, when available, uses the separate offer qualifications below; this does not estimate year-to-date or remaining allowance. Blank means unknown; enter 0 for none. Each amount is part of its parent spending.

Eligible Canadian grocery MCC 5411 and merchant-classified automatic recurring payments. Exclude non-eligible merchant classifications and advances, cash-like transactions, interest, fees, refunds and adjustments. Recurring allocations must be disjoint from purchases assigned to another category. Account must be open and in good standing. Same monthly eligible spending assumed across twelve statement cycles; unused allowances do not roll over.

Monthly limits reset separately in each calendar month or statement cycle, as specified in the earning rules. Unused allowances do not roll over. This estimate uses the same entered spending in each cycle.

This explicitly sets this card’s allocations to $0; your category spending still earns the reviewed base rate.

BMO CashBack World Elite Mastercard
Annual estimate assumptions for BMO CashBack World Elite Mastercard

Ongoing rewards use one complete reward/reset cycle with an even spending mix. Year 1, when available, uses the separate offer qualifications below; this does not estimate year-to-date or remaining allowance. Blank means unknown; enter 0 for none. Each amount is part of its parent spending.

Canadian merchant locations: grocery MCC 5411; transport MCC 4111, 4112, 4121, 4131, 4789; gas/EV MCC 5541, 5542, 5552. Recurring automatic bills exclude transactions assigned to grocery, transport or gas/EV, even after those caps. Exclude advances, cash-like purchases, interest, fees, returns and adjustments. Open account in good standing. Equal monthly eligible spending across twelve statement cycles; no unused-cap rollover. Regular primary fee only; optional card fees and conditional banking fee rebates excluded.

Monthly limits reset separately in each calendar month or statement cycle, as specified in the earning rules. Unused allowances do not roll over. This estimate uses the same entered spending in each cycle.

This explicitly sets this card’s allocations to $0; your category spending still earns the reviewed base rate.

Needs your input. Unknown answers remain unknown; update the relevant fields above.

Rewards

Rewards for the selected cards, in selected order.
FactBMO CashBack MastercardBMO CashBack World Elite Mastercard
How you earnValues differ
  • 3% cash back on eligible Canadian groceries
  • 1% on recurring bills
  • 0.5% on other purchases
  • 5% cash back on eligible Canadian groceries
  • 4% on transit
  • 3% on gas and EV charging
  • 2% on recurring bills
  • 1% cash back on all other purchases
Base / other eligible purchasesValues differ
0.5% cash back
1% cash back
Reward conditions

3% cash back on eligible Canadian groceries; 1% on recurring bills; 0.5% on other purchases.

Eligible purchase scopes, shared limits, qualifying channels or thresholds affect earning.

  • Groceries and recurring bills each have a $500 spending cap per statement cycle; then 0.5%.
  • Eligible Canadian grocery MCC 5411 and merchant-classified automatic recurring payments.
  • Exclude non-eligible merchant classifications and advances, cash-like transactions, interest, fees, refunds and adjustments.
  • Recurring allocations must be disjoint from purchases assigned to another category.
  • Account must be open and in good standing.
  • Same monthly eligible spending assumed across twelve statement cycles; unused allowances do not roll over.
  • Redeem from $1 for account credit or an eligible BMO bank/InvestorLine deposit; automatic redemptions start at $25.
  • Reward amounts below the minimum represent earned value rather than immediately redeemable cash.
  • Eligible Canadian grocery MCC 5411 and merchant-classified automatic recurring payments. Exclude non-eligible merchant classifications and advances, cash-like transactions, interest, fees, refunds and adjustments. Recurring allocations must be disjoint from purchases assigned to another category. Account must be open and in good standing. Same monthly eligible spending assumed across twelve statement cycles; unused allowances do not roll over.
  • Eligible Canadian grocery MCC 5411 and merchant-classified automatic recurring payments. Exclude non-eligible merchant classifications and advances, cash-like transactions, interest, fees, refunds and adjustments. Recurring allocations must be disjoint from purchases assigned to another category. Account must be open and in good standing. Same monthly eligible spending assumed across twelve statement cycles; unused allowances do not roll over.
  • Redeem from $1 for account credit or an eligible BMO bank/InvestorLine deposit; automatic redemptions start at $25. Reward amounts below the minimum represent earned value rather than immediately redeemable cash.
Complete card reward details

5% cash back on eligible Canadian groceries; 4% on transit; 3% on gas and EV charging; 2% on recurring bills; 1% elsewhere.

Eligible purchase scopes, shared limits, qualifying channels or thresholds affect earning.

  • Statement-cycle spending caps: $500 groceries, $300 transit, $300 gas/EV and $500 recurring bills; then 1%.
  • Canadian merchant locations: grocery MCC 5411; transport MCC 4111, 4112, 4121, 4131, 4789; gas/EV MCC 5541, 5542, 5552.
  • Recurring automatic bills exclude transactions assigned to grocery, transport or gas/EV, even after those caps.
  • Exclude advances, cash-like purchases, interest, fees, returns and adjustments.
  • Open account in good standing.
  • Equal monthly eligible spending across twelve statement cycles; no unused-cap rollover.
  • Regular primary fee only; optional card fees and conditional banking fee rebates excluded.
  • Redeem from $1 for account credit or an eligible BMO bank/InvestorLine deposit; automatic redemptions start at $25.
  • Reward amounts below the minimum represent earned value rather than immediately redeemable cash.
  • Canadian merchant locations: grocery MCC 5411; transport MCC 4111, 4112, 4121, 4131, 4789; gas/EV MCC 5541, 5542, 5552. Recurring automatic bills exclude transactions assigned to grocery, transport or gas/EV, even after those caps. Exclude advances, cash-like purchases, interest, fees, returns and adjustments. Open account in good standing. Equal monthly eligible spending across twelve statement cycles; no unused-cap rollover. Regular primary fee only; optional card fees and conditional banking fee rebates excluded.
  • Canadian merchant locations: grocery MCC 5411; transport MCC 4111, 4112, 4121, 4131, 4789; gas/EV MCC 5541, 5542, 5552. Recurring automatic bills exclude transactions assigned to grocery, transport or gas/EV, even after those caps. Exclude advances, cash-like purchases, interest, fees, returns and adjustments. Open account in good standing. Equal monthly eligible spending across twelve statement cycles; no unused-cap rollover. Regular primary fee only; optional card fees and conditional banking fee rebates excluded.
  • Redeem from $1 for account credit or an eligible BMO bank/InvestorLine deposit; automatic redemptions start at $25. Reward amounts below the minimum represent earned value rather than immediately redeemable cash.
Complete card reward details

Fees

Fees for the selected cards, in selected order.
FactBMO CashBack MastercardBMO CashBack World Elite Mastercard
Regular annual feeValues differ
$0
$139

Eligibility

Approval is up to the issuer.

Eligibility for the selected cards, in selected order.
FactBMO CashBack MastercardBMO CashBack World Elite Mastercard
Personal annual income
—
$80,000
Household annual income
—
$150,000

Insurance & benefits

Insurance & benefits for the selected cards, in selected order.
FactBMO CashBack MastercardBMO CashBack World Elite Mastercard
Insurance
Not listed — check the issuer
  • Roadside assistance and travel insuranceIncluded
Other benefits
—
—

Sources

Sources for the selected cards, in selected order.
FactBMO CashBack MastercardBMO CashBack World Elite Mastercard
Last verified
Last verified: October 10, 2026
Last verified: October 10, 2026

Approval likelihood, interest expense and actual redemption transactions are not modeled. Verify current issuer terms before applying. WalletReturn methodology

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Figures are estimates in CAD and rounded for display; rounded contributions may not sum exactly to totals. Ongoing value excludes welcome bonuses, one-time benefits and rebates. Interest expense is not deducted. Benefits depend on your profile and issuer terms.