BMO
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
CIBC Dividend Visa Card review
3.4Rated by the CreditCardGuru Editorial Team
A dependable no-fee cash back card anchored by 2% on groceries; fine as a starter or backup card, but heavy spenders will do better paying for the Infinite.
At a glance
- Annual fee
- No annual fee
- Foreign tx fee
- 2.5%
- Network
- VISA
- Rewards
- cash back
- Purchase APR
- 21.99%
Rewards & earn rates
| Groceries | 2% |
| Gas & EV charging | 1% |
| Transportation | 1% |
| Dining | 1% |
| Recurring payments | 1% |
| Everything else | 0.5% |
Pros & cons
Pros
- Solid no-fee grocery rate
- Simple, flexible cash back redemption
Cons
- 0.5% base rate is weak
- Virtually no insurance coverage
Perks & insurance
Key perks
- 2% cash back on groceries with no annual fee
- No limit on total cash back; redeem from $10 anytime
- Up to 10 cents off per litre with Journie Rewards
- Free Skip+ membership when linked
- Up to 3 additional cards at no cost
Insurance
- Purchase security and extended protection
Rates & fees
- Annual fee
- None
- Purchase interest
- 21.99%
- Cash advance
- 22.99%
- Foreign transactions
- 2.5%
Last updated June 7, 2026Reviewed by CreditCardGuru Editorial Team
Similar cards to consider
Top pickCIBC
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