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
Tangerine Money-Back World Mastercard review
4.3Rated by the CreditCardGuru Editorial Team
If you meet the income bar, this is the obvious pick over the base card: identical uncapped 2% cash back plus mobile device insurance, rental car coverage and travel benefits, still with no annual fee.
At a glance
- Annual fee
- No annual fee
- Welcome bonus
- ~$100
- Foreign tx fee
- 2.5%
- Network
- MASTERCARD
- Rewards
- cash back
- Purchase APR
- 19.95%
Rewards & earn rates
| 2% category of your choiceChoose 2 categories (3 if rewards deposit to a Tangerine Savings Account) from 13 options including grocery, restaurants, gas, recurring bills and foreign currency spend. Unlimited earning | 2% |
| 2% category of your choice | 2% |
| 2% category of your choiceThird category unlocked with Tangerine Savings Account deposit | 2% |
| Everything else | 0.5% |
Welcome offer: $100 Money-Back Rewards bonus (Spend $1,500 in your first 3 months).
Pros & cons
Pros
- All the Money-Back card's earning power plus real insurance and travel extras
- Mobile device and rental car coverage on a $0-fee card is rare
Cons
- Higher income requirement ($50k personal or $80k household)
- Lounge access is membership only - visits cost extra
Perks & insurance
Key perks
- Same uncapped 2% choose-your-categories cash back, still no annual fee
- Mobile device insurance up to $1,000
- Mastercard Travel Pass by DragonPass airport lounge program access
- Complimentary FlexiRoam global data roaming each year
- Rental car collision coverage and Fubo TV offer
- 20% off H&R Block tax software
Insurance
- Mobile device insurance (up to $1,000)
- Rental car collision/loss damage insurance
- Purchase assurance (90 days) and extended warranty (up to $60,000 lifetime)
Rates & fees
- Annual fee
- None
- Purchase interest
- 19.95%
- Cash advance
- 19.95%
- Foreign transactions
- 2.5%
- Min. personal income
- $50,000
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