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
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
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