Terms and Conditions

  1. Applications must be received between February 1, 2017, and October 31, 2018. You will earn 4% cash back for every dollar spent or $4.00 back for every $100.00 spent (less refunds and excluding cash advances, cash-like transactions, interest charges, fees, credit or debit adjustments) in the first four (4) billing cycles from the account open date up to a maximum of $6,250 ($250 cash back) in eligible card purchases. After the first four (4) billing cycles or $6,250 in card purchases (whichever comes first), you will earn 1.50% cash back or $1.50 back for every $100.00 on all card purchases. The 4% cash back offer is limited to new BMO CashBack World Elite MasterCard accounts and will not be awarded to current or former cardholders who reinstate a closed account, product transfer, or who open a new account. Limit of one bonus offer per account. If you cancel your card within one hundred and twenty (120) days from the date your account is opened, all CashBack rewards earned within that period will be cancelled. This offer may be withdrawn or changed without notice.
  2. Ongoing interest rates, interest-free grace period, annual fees and all other applicable fees are subject to change. Cash advances include Balance Transfers, cash-like transactions and MasterCard cheques. Visit your branch; call the Customer Contact Centre at 1-800-263-2263, or visit bmo.com/creditcards for current rates and fees.
  3. BMO MasterCard Extended Warranty Plus (2 years) and Purchase Protection Plus (180 days) insurance benefits provided by Allianz Global Risks US Insurance Company (Canadian Branch).
  4. Subject to Terms and Conditions, including limitations and exclusions contained in the BMO CashBack World Elite Travel and Medical Protection Certificate of Insurance, which is sent to new cardholders; please refer to the Certificate for further details. Out-of-Province/Out-of-Country Emergency Medical benefits are only applicable to cardholders under the age of 65. BMO MasterCard insurance benefits provided by Allianz Global Risks US Insurance Company (Canadian Branch).
  5. The contract ID number (3717122 for National Car Rental and 7014883 for Alamo Rent A Car) must be included when making a car rental reservation to receive discounts. Discount applies to base rate only at participating National Car Rental and Alamo Rent A Car locations. Discount varies by rental date, location and vehicle type. Taxes, other governmentally-authorized or imposed surcharges (including GST), license and concession recoupment fees, airport and airport facility fees, fuel, additional driver fee, one-way rental charge and optional items (such as LDW up to US $30 per day) are extra. Renter must meet standard age, driver and credit requirements. 24-hour advance reservation required. May not be combined with other discounts. Availability is limited. Subject to change without notice.
  6. With the BMO CashBack World MasterCard and BMO CashBack World Elite MasterCard, you will receive a free membership in the Dominion Automobile Association and the benefits of their BMO Roadside Assistance Program (Basic Coverage). Membership terms and the features of the plan are described in the Certificate you will receive. DAA requires that BMO provide any information reasonably required solely for the purpose of confirming that you are covered by the Program.