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
The best no-fee card for people who eat out a lot. The 4% dining rate is hard to beat without paying an annual fee — just watch the annual cap.
| Restaurants, bars & coffee shops4% on up to $5,000/yr | 4% |
| Gas & EV charging | 1.5% |
| Groceries | 1.5% |
| Recurring bills | 1.5% |
| Everything else | 0.5% |
Welcome offer: Earn up to $150 plus elevated rates as a welcome offer.