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 back
Meridian Visa Infinite Cash Back Card review
3.9Rated by the CreditCardGuru Editorial Team
One of the strongest gas-and-grocery cash back cards in Canada at 4%, with a first-year fee waiver. The cap and Ontario-centric availability are the main limitations.
At a glance
- Annual fee
- $99
- Welcome bonus
- ~$70
- Foreign tx fee
- 2.5%
- Network
- VISA
- Rewards
- cash back
- Purchase APR
- 19.5%
Rewards & earn rates
| Groceries$25,000 annual cap on elevated gas/grocery/pharmacy/utility rates; 1% after | 4% |
| Gas | 4% |
| Pharmacy | 2% |
| Utility bill payments | 2% |
| Everything else | 1% |
Welcome offer: $70 cash back on your first purchase, plus first-year annual fee waived (Ontario residents only) (Make a first purchase on the card).
Pros & cons
Pros
- Standout 4% earn rate on gas and groceries
- First-year fee waiver and a modest $99 fee thereafter
- Lower income requirement than World Elite competitors
Cons
- $25,000 annual cap on elevated rates
- Meridian membership required; welcome offer limited to Ontario
- Rewards redemption can require phone-in for some options
Perks & insurance
Key perks
- 4% back on gas and groceries - among the highest in Canada
- Lower annual fee than comparable big-bank cash back cards, waived in year one
- Visa Infinite Concierge and Luxury Hotel Collection
- Points-based cash back can also be redeemed for travel, gift cards or account credit
Insurance
- Comprehensive Visa Infinite travel insurance package
- Purchase protection and extended warranty
Rates & fees
- Annual fee
- $99
- Purchase interest
- 19.5%
- Cash advance
- 21.99%
- Foreign transactions
- 2.5%
- Min. personal income
- $60,000
First year waived; additional cards $30 (also waived first year).
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