Canadian residents have an excellent credit card option with a very powerful cash back program. In fact, we’re talking about the BMO CashBack® World Elite® MasterCard® credit card, the only card that gives 5% cash back on purchases you make every day.

Understand how this card works and how you can take advantage of these and other benefits.

In fact, imagine what your life would be like if you averaged $1,000 more each quarter without having to work harder for it. Would you do more shopping? Would you take a dream trip?

In fact, all of these achievements can be made possible with the BMO CashBack® World Elite® MasterCard®. This card option offers an initial 10% cashback bonus for all purchases within the first three months.

After this period, you continue to receive great rewards on grocery shopping or gas, for example. Depending on your consumption, you can easily collect $1,000 each quarter.

To fund this powerful cashback program, BMO CashBack® World Elite® MasterCard® charges an annual fee of $120. This amount can be daunting. However, the benefits make it worth paying for.

If you want to earn even more rewards, you can add another cardholder to your card. To take advantage of this feature, an annual payment of $50 is required. Again, this is a low amount compared to the benefits you will get.

To get your money back, there is a $1 fee per withdrawal. They can go straight to your savings or checking account. If you prefer, you can receive your reward as a credit to your next balance or at InvestorLine, the official BMO broker.

Also, your cashback points never expire.

BMO CashBack® World Elite® MasterCard® even offers a feature to make your trips more amazing. With this card, you have access to airport laundries registered in the Mastercard Airport Experiences program provided by LoungeKey.

To access this VIP space, there is a fee of $32 per person. Finally, you can rent a car with a 25% discount at National Car Rental and Alamo Rent a Car.

BMO CashBack® World Elite® Mastercard® is truly a complete credit service. To find out if this card fits your profile, compare the main advantages and disadvantages of this card:

To apply for this card, a minimum score of 760 is indicated. Therefore, your credit score must be at least at a good level.

You can order your BMO CashBack® World Elite® Mastercard® without leaving your couch. For more information, click on the link below. We have prepared a simplified step-by-step guide to answer all your questions about this process.