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
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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
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
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Written by
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CreditCardGuru Editorial Team
Rewards & Cards Research
Our editorial team independently researches and rates every credit card in Canada using a transparent, data-driven methodology. We update card terms continuously and never let issuer relationships influence our ratings.
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Cite this page
“Desjardins® Cash Back World Elite Mastercard® Review (2026)” — CreditCardGuru, https://creditcardguru.ca/cards/desjardins-cash-back-world-elite-mastercard, updated June 7, 2026.