BMO® CashBack World Elite Mastercard®
4.5·Big grocery spenders who want the highest cash back rate
- Annual fee
- $120/yr
- Welcome bonus
- ~$260
- Top reward
- 5% groceries
- Highest headline grocery cash-back rate in Canada
- Strong transit and gas categories
cash backno fee
BMO® CashBack Business Mastercard® review
3.4Rated by the CreditCardGuru Editorial Team
A dependable no-fee business card for everyday expenses; businesses with bigger budgets will get more value from the Ascend World Elite Business card.
At a glance
- Annual fee
- No annual fee
- Welcome bonus
- ~$150
- Foreign tx fee
- 2.5%
- Network
- MASTERCARD
- Rewards
- cash back
- Purchase APR
- 20.99%
Rewards & earn rates
| Gas stations1.75% at Shell locations in Canada | 1.5% |
| Cell phone & internet bill payments | 1.5% |
| All other purchasesOffice supply store purchases earn 1.5% | 0.75% |
Welcome offer: 10% cash back on gas, office supplies, and cell phone/internet bill payments in the first 3 billing cycles (up to $150) (Minimum $1,500 in eligible purchases).
Pros & cons
Pros
- Solid no-fee earn on common business expenses
- Useful intro balance transfer offer for cash flow
Cons
- 0.75% base rate trails premium business cards
- Very limited insurance package
Perks & insurance
Key perks
- No annual fee for business cash back
- 0% introductory balance transfer rate for 9 months (3% fee)
- 1.75% cash back at Shell stations in Canada
- Free additional employee cards
- Redeem cash back flexibly toward your statement or accounts
Insurance
- Extended warranty insurance
- Purchase protection
Rates & fees
- Annual fee
- None
- Purchase interest
- 20.99%
- Cash advance
- 23.99%
- Foreign transactions
- 2.5%
Last updated June 7, 2026Reviewed by CreditCardGuru Editorial Team
Similar cards to consider
CIBC® Dividend® Visa® Infinite Card
4.5·Households with heavy grocery and gas spend who want maximum cash back.
- Annual fee
- $120/yr
- Welcome bonus
- ~$350
- Top reward
- 4% groceries
- 4% on gas and groceries is among the highest in Canada
- Strong 2% middle tier covers dining, transit and bills
Disclaimer: This page is for informational purposes only and does not constitute financial, tax or legal advice. Card terms and offers change and may be out of date — always verify with the issuer before applying, and consult a qualified professional before making financial decisions. CreditCardGuru may earn a commission from cards featured on this site; this never influences our editorial ratings. See our advertiser disclosure.
Written by
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CreditCardGuru Editorial Team
Rewards & Cards Research
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Cite this page
“BMO® CashBack Business Mastercard® Review (2026)” — CreditCardGuru, https://creditcardguru.ca/cards/bmo-cashback-business, updated June 7, 2026.