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
Scotia Momentum Visa Infinite + Card review
4.5Rated by the CreditCardGuru Editorial Team
Canada's perennial best-cash-back-card winner: 4% on groceries and recurring payments plus strong insurance easily outearns the annual fee for most families.
At a glance
- Annual fee
- $120
- Welcome bonus
- ~$420
- Foreign tx fee
- 2.5%
- Network
- VISA
- Rewards
- cash back
- Purchase APR
- 20.99%
Rewards & earn rates
| Groceries$25,000 combined annual spend cap with recurring payments | 4% |
| Recurring bill payments | 4% |
| Gas & EV charging$25,000 combined annual spend cap with transit, rideshare and food delivery | 2% |
| Transit, rideshare & food delivery | 2% |
| Everything else | 1% |
Welcome offer: 15% cash back on first $2,000 in purchases (up to $300) plus first-year annual fee waived ($120 value) (Earn 15% on up to $2,000 in everyday purchases in the first 3 months. Offer for accounts opened May 1 - Nov 1, 2026).
Pros & cons
Pros
- Top-tier 4% on groceries and recurring bills
- Multi-year winner of best cash back card awards
- Anytime redemption and full insurance package
Cons
- $120 annual fee after the first year
- $25,000 caps on each accelerated tier
- 2.5% foreign transaction fee
Perks & insurance
Key perks
- 4% cash back on groceries and recurring payments
- Redeem cash back anytime ($25 minimum) - no waiting for an annual payout
- Mobile device insurance included
- Visa Infinite dining, hotel and concierge privileges
- Up to 7 cents/L in fuel savings at Shell
Insurance
- Travel emergency medical insurance
- Trip cancellation and trip interruption insurance
- Flight delay insurance
- Delayed and lost baggage insurance
- Rental car collision/loss damage insurance
- Mobile device insurance
- Purchase security and extended warranty protection
Rates & fees
- Annual fee
- $120
- Purchase interest
- 20.99%
- Cash advance
- 22.99%
- Foreign transactions
- 2.5%
- Min. personal income
- $60,000
First year waived, including additional cards (offer for accounts opened May 1 - Nov 1, 2026).
Compare Scotia Momentum Visa Infinite + Card with…
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