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
Simplii® Financial Cash Back Visa® review
4.2Rated by the CreditCardGuru Editorial Team
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.
At a glance
- Annual fee
- No annual fee
- Welcome bonus
- ~$150
- Foreign tx fee
- 2.5%
- Network
- VISA
- Rewards
- cash back
- Purchase APR
- 19.99%
Rewards & earn rates
| 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.
Pros & cons
Pros
- Excellent no-fee dining rate
- Useful 1.5% on gas, groceries and bills
- No annual fee
Cons
- Dining 4% capped at $5,000/year
- Only 0.5% on general spend
Perks & insurance
Key perks
- No annual fee
- 4% at restaurants is rare for a no-fee card
- Pairs with the no-fee Simplii chequing account
Insurance
- Purchase security
- Extended warranty
Rates & fees
- Annual fee
- None
- Purchase interest
- 19.99%
- Cash advance
- 22.99%
- Foreign transactions
- 2.5%
Last updated June 1, 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
Disclaimer: This page is for informational purposes only and does not constitute financial, tax or legal advice. Card terms and offers change and may be out of date — always verify with the issuer before applying, and consult a qualified professional before making financial decisions. CreditCardGuru may earn a commission from cards featured on this site; this never influences our editorial ratings. See our advertiser disclosure.
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
“Simplii® Financial Cash Back Visa® Review (2026)” — CreditCardGuru, https://creditcardguru.ca/cards/simplii-cash-back-visa, updated June 1, 2026.