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
TD® Cash Back Visa® Card review
2.8Rated by the CreditCardGuru Editorial Team
A basic no-fee card that's easy to get but easily out-earned by competing no-fee cash back cards — fine as a starter or backup card.
At a glance
- Annual fee
- No annual fee
- Foreign tx fee
- 2.5%
- Network
- VISA
- Rewards
- cash back
- Purchase APR
- 21.99%
Rewards & earn rates
| Groceries | 1% |
| Gas & EV charging | 1% |
| Public transit | 1% |
| Recurring bill payments | 1% |
| Streaming, digital gaming & media | 1% |
| All other purchases | 0.5% |
Pros & cons
Pros
- No fee and no income requirement
- Cash back never expires and can be redeemed anytime
Cons
- Low earn rates (1% / 0.5%) versus other no-fee cash back cards
- No travel insurance coverage
- No current welcome offer
Perks & insurance
Key perks
- No annual fee and free additional cardholders
- Redeem cash back anytime toward your balance
- Minimum 10% off Avis and Budget car rentals in Canada/US
- TD Payment Plans for purchases of $100+
- Free 3-month Uber One trial for eligible cardholders
Insurance
- Purchase security and extended warranty protection
Rates & fees
- Annual fee
- None
- Purchase interest
- 21.99%
- Cash advance
- 22.99%
- Foreign transactions
- 2.5%
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 Card terms and offers change and may be out of date — always verify with the issuer before applying, and consult a qualified professional before making financial decisions.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
C
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.
- 200+ Canadian cards tracked
- Transparent rating methodology
- Updated continuously
Cite this page
“TD® Cash Back Visa® Card Review (2026)” — CreditCardGuru, https://creditcardguru.ca/cards/td-cash-back-visa, updated June 7, 2026.