$125 GeniusCash + Up to 5% cash back on purchases + 15% cash back for the first 3 months.*
Pros & cons
Pros
- Earn up to 5% cash back on purchases.
- Earn a minimum of 1.25% cash back everywhere.
- Includes 11 types of insurance.
Cons
- High annual fee of $175.
- High income requirements of either $80,000 personal or $150,000 household.
Your rewards
$125 GeniusCash offer
On approval, receive $125 GeniusCash on us when you apply for BMO CashBack World Elite Business Mastercard using this offer page.
GeniusCash offer expires on Dec 31, 2026.
Getting your welcome bonus
Based on $3,000 in monthly spending, you can get up to an estimated $258.◊
For all welcome bonus details click here.
How you earn rewards
Each card earns rewards differently. Part of choosing your card is deciding what type of rewards you want to get. With BMO CashBack World Elite Business Mastercard, here's how you earn rewards:
- 5% cash back on gas and EV charging
- 4% cash back on recurring bill payments.
- 3% cash back on shipping, insurance, office supplies, and telecommunications.
- 1.25% cash back on all other purchases.
For all reward details click here.
How much your rewards are worth
The dollar value of your rewards depends on the specific rewards program ‒ and what you choose to redeem your points for. For BMO CashBack World Elite Business Mastercard in particular, if you spend $3,000 per month, here's our estimated annual rewards earned depending on which reward you choose:
| Travel+ Rewards | $765 | |
| Cash Rewards | $765 | |
| Flex Rewards | $765 |
Calculating your annual rewards
$36,000 annual spending x 2.13% return on spending = $765 annual rewards
$765 annual rewards − $175.00 annual fee = $590 net annual rewards
Details and eligibility
- Estimated Credit Score
- 660 - 724
- Personal Income
- $80,000
- Household Income
- $150,000
- Annual Fee
- $175.00
- First Year Free
- Yes
- Extra Card Fee
- $50
- Card type
- Credit
- Purchase
- 20.99%
- Cash Advance
- 23.99%
- Balance Transfer
- 23.99%
- Balance Transfer
- 0.00%
- Transfer Term
- 9 months
Insurance coverage
- Extended Warranty
- 1 year
- Purchase Protection
- 90 days
- Travel Accident
- $500,000
- Emergency Medical Term
- 15 days
- Emergency Medical Maximum Coverage
- $5,000,000
- Trip Cancellation
- $1,500
- Trip Interruption
- $2,000
- Flight Delay
- $500
- Baggage Delay
- $500
- Lost or Stolen Baggage
- $1,000
- Personal Effects
- $1,000
- Rental Car Theft & Damage
- Yes
Please review your insurance certificate for details, exclusions and limitations of your coverage, terms and conditions apply.
Learn more about the value of credit card insurance coverage.
Genius Rating
BMO CashBack World Elite Business Mastercard's 4.2 Genius Rating is based on the weighted average of the following scores:
Methodology
All scores are produced by our math-based rating algorithm that takes into account over 126 credit card features.
Key benefits
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