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In 2021, Canadians earned more than $6 billion in cash back rewards. The BMO CashBack World Elite Mastercard lets you get in on that.
With this card, you get great rewards on what you buy every day. It’s designed to let you earn more cash back in many shopping categories, like groceries and fuel.
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This card gives you unlimited cash back — no limits or caps. Plus, you get exclusive offers that boost your rewards. You also get travel insurance, which is perfect for those who love to explore.
For new cardholders, there’s even a welcome bonus that adds more value to your wallet.
Overview of the BMO CashBack World Elite Mastercard
The BMO CashBack World Elite Mastercard is packed with benefits. It offers a special 5% cash back on groceries in the first three months. Afterward, you get 1.5% back on everything else, like bills.
It has excellent travel insurance too. If you travel, you’ll have up to $2 million for medical emergencies. Also, you’re covered for trip problems and if your luggage gets lost.
This card also keeps your purchases safe. You get extended warranties and insurance for your phone. With these features, the BMO CashBack World Elite Mastercard stands out for those who want cash back and protections.
Feature | Description |
---|---|
Cash Back Rate | 5% on grocery purchases for the first three months; 1.5% thereafter. |
Travel Insurance Coverage | Up to $2 million in emergency medical coverage, trip interruption insurance, and lost luggage reimbursement. |
Purchase Protection | Extended warranty protections and mobile device insurance. |
Ideal Users | Individuals seeking to maximize cash back rewards and enjoy travel-related protections. |
BMO CashBack World Elite Mastercard Benefits
The BMO CashBack World Elite Mastercard comes with many perks. One key benefit is purchase protection. It means that if you buy something and it gets stolen or damaged, you’re covered for up to 90 days. This lets shoppers feel secure about their purchases.
Besides protecting your buys, the card offers roadside assistance. This is great for when your car has trouble, like a flat tire or a dead battery. It keeps you safe on the road. The card also provides mobile device insurance. This covers your smartphone or tablet if it breaks or gets damaged, which is a relief for anyone who depends on their devices.
Another big plus is its travel insurance coverage. Whether you need to cancel your trip, face a delay, or have a medical emergency, this insurance has you covered. It makes travel less stressful, helping you to enjoy your adventures.
With all these benefits, the BMO CashBack World Elite Mastercard gives you cash back and protects your financial activities. It offers you peace of mind and confidence every day.
Benefit | Description |
---|---|
Purchase Protection | Covers eligible purchases against theft and damage for 90 days. |
Roadside Assistance | Offers emergency support for vehicle breakdowns and mishaps. |
Mobile Device Insurance | Protects mobile devices from accidents or physical damage. |
Travel Insurance Coverage | Provides protection for cancellations, interruptions, and medical emergencies while travelling. |
Tips for Maximizing Your Cash Back Rewards
To make the most of the BMO CashBack World Elite Mastercard, follow these tips. Use your card for all your grocery and fuel buys. This way, you get the most cash back.
Get more cash back by jumping on limited-time offers. Keep up with the latest promotions for extra savings. Also, use perks like rental car damage cover and extra warranty. These save you money, which boosts your cash back.
Know the rules about cashing in your rewards. Understanding when you can redeem them ensures you won’t miss out. The card has no annual fee, so you keep more cash back. This makes it even better for saving money.
Using these methods with your BMO CashBack World Elite Mastercard can be very rewarding. Stay up-to-date, spend smartly, and make every transaction count.
Who is the Ideal User for the BMO CashBack World Elite Mastercard?
The BMO CashBack World Elite Mastercard suits people who often buy groceries, gas, and pay bills. They can get a lot of cash back, making everyday buys more rewarding. It’s perfect for families that spend a lot each month.
Young professionals will find it useful too, especially those who travel a lot. It offers travel insurance and protection for purchases. These benefits help save on travel costs and make the card great for daily expenses.
This card is for anyone wanting more cash back and security when spending. It’s ideal for busy families and professionals who travel. With this card, regular purchases bring special rewards.
FAQ
What are the key benefits of the BMO CashBack World Elite Mastercard?
The BMO CashBack World Elite Mastercard has great benefits. For starters, it offers 5% cash back on groceries for the first three months. After that, you get 1.5%. You also receive purchase protection for up to 90 days.
This card also offers travel insurance and mobile device insurance. These features keep you safe during trips and protect your purchases.
Does the BMO CashBack World Elite Mastercard have an annual fee?
No, the BMO CashBack World Elite Mastercard does not have an annual fee. This means you can save more of your cash-back rewards.
What type of travel insurance coverage is included with this card?
This card comes with up to $2 million in emergency medical coverage. It also provides trip interruption insurance and lost luggage reimbursement. So, you’re well-protected while travelling.
How can I maximize my cash back rewards with the BMO CashBack World Elite Mastercard?
You can earn more cash back by using the card for grocery and gas station purchases. Also, look for special offers. You can use other perks like the rental car damage waiver and warranty protection to enhance benefits.
Is there a maximum amount of cash back I can earn?
No, there’s no limit on the cash back you can earn with this Mastercard. This allows for unlimited rewards on your purchases.
What kind of purchase protections does this card offer?
The card offers purchase protection against theft and damage for 90 days. It also has extended warranty protection on eligible items. These features help safeguard your purchases.
Who is the BMO CashBack World Elite Mastercard ideal for?
It’s perfect for those who often spend on groceries and gas. Families and young professionals will find it valuable. It benefits from travel insurance and purchase protections.
What exclusive offers can I expect with the BMO CashBack World Elite Mastercard?
Cardholders can enjoy exclusive promotions and offers. These can boost your cash back earnings. Plus, there are special bonuses for new applicants during some promotions.
Does the card include any roadside assistance services?
Yes, the BMO CashBack World Elite Mastercard includes roadside assistance. This service provides extra peace of mind for emergencies while on the road.