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
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
“Tangerine® Money-Back World Mastercard® Review (2026)” — CreditCardGuru, https://creditcardguru.ca/cards/tangerine-money-back-world, updated June 7, 2026.