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
Rogers Red World Elite Mastercard review
4.4Rated by the CreditCardGuru Editorial Team
The go-to no-fee card for cross-border and USD shoppers. The flat 1.5% is decent; the 3% on US-dollar purchases is what makes it special.
At a glance
- Annual fee
- No annual fee
- Welcome bonus
- ~$60
- Foreign tx fee
- 2.5%
- Network
- MASTERCARD
- Rewards
- cash back
- Purchase APR
- 20.99%
Rewards & earn rates
| US-dollar purchasesEffectively offsets the FX fee | 3% |
| Everything else | 1.5% |
Welcome offer: Bonus cash back on early spend (offer varies).
Pros & cons
Pros
- Flat 1.5% on everything with no fee
- Uniquely good for US-dollar spending
- World Elite perks at $0 annual fee
Cons
- Best US-dollar rate needs a Rogers/Shaw account to redeem easily
- $80k income requirement for a no-fee card
Perks & insurance
Key perks
- No annual fee with World Elite benefits
- 3% back on US-dollar purchases offsets the FX fee
- Mastercard Travel Pass lounge access
Insurance
- Travel emergency medical
- Rental car collision/loss damage
- Extended warranty & purchase protection
Rates & fees
- Annual fee
- None
- Purchase interest
- 20.99%
- Cash advance
- 22.99%
- Foreign transactions
- 2.5%
- Min. personal income
- $80,000
Compare Rogers Red World Elite Mastercard with…
Last updated June 1, 2026Reviewed by CreditCardGuru Editorial Team
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Tangerine Money-Back Credit Card
4.4·No-fee cash back with customizable bonus categories
- Annual fee
- No annual fee
- Welcome bonus
- ~$100
- Top reward
- 2% groceries (a 2% category)
- Pick the 2% categories that match your spending
- Truly no-fee with monthly payouts