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
Top pickcash back
Desjardins Cash Back World Elite Mastercard review
4.1Rated by the CreditCardGuru Editorial Team
One of Canada's best grocery cash back cards, returning up to $400 a year on groceries alone for a $100 fee; the weak 3-day travel insurance is the main gap.
At a glance
- Annual fee
- $100
- Foreign tx fee
- 2.5%
- Network
- MASTERCARD
- Rewards
- cash back
- Purchase APR
- 20.9%
Rewards & earn rates
| Groceries4% on the first $10,000 in annual grocery purchases, then 1% | 4% |
| Restaurants3% on the first $6,000 in annual restaurant purchases, then 1% | 3% |
| Entertainment | 3% |
| Alternative transportation | 3% |
| All other purchases | 1% |
Pros & cons
Pros
- Market-leading 4% on groceries and 3% on dining, entertainment and transit
- Strong purchase protections and rental car coverage for the fee
Cons
- Travel medical insurance only covers trips up to 3 days
- Annual caps of $10,000 (groceries) and $6,000 (restaurants) on elevated rates
- $80,000 personal income requirement
Perks & insurance
Key perks
- 4% cash back on groceries, one of the highest rates in Canada
- Mastercard Travel Pass (DragonPass) lounge access at 1,300+ lounges (US$32 per visit)
- Complimentary Flexiroam 3x1GB global eSIM data plan
- Car rental discounts at Hertz (up to 25%), Thrifty and Dollar
- Mobile device insurance up to $1,500
Insurance
- Travel emergency medical up to $5M (trips up to 3 days, age 75 and under)
- Trip cancellation ($500 before / $1,000 after departure)
- Baggage insurance up to $500 per person
- Auto rental collision/loss damage (up to 48 days)
- Mobile device insurance up to $1,500
- Purchase protection (120 days) and extended warranty (+2 years)
Rates & fees
- Annual fee
- $100
- Purchase interest
- 20.9%
- Cash advance
- 21.9%
- Foreign transactions
- 2.5%
- Min. personal income
- $80,000
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