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BMO Cashback World Elite (10% first $2,000/3 months, 1.5% all purchases, free roadside assist, FYF)

  • Last Updated:
  • Oct 21st, 2022 5:41 pm
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[OP]
Jr. Member
Apr 30, 2018
174 posts
561 upvotes

BMO Cashback World Elite (10% first $2,000/3 months, 1.5% all purchases, free roadside assist, FYF)

BMO Cashback World Elite
APPLY HERE
  • Welcome Offer: Get 10% cash back in your first 3 months and the $120 annual fee waived in the first year
  • Then earn 1.5% cash back on all other card purchases
  • Redeem cash back minimum of $50 to statement credit, deposit into BMO account, or deposit into BMO Investorline account.
  • Complimentary Roadside Assistance Basic Program with Dominion Automobile Association (DAA). Includes free battery boosts, flat-tire change, lockout service and towing (a $69/year value).
  • Receive a discount on car rentals. When you use your card to rent a car at participating National Car Rental and Alamo Rent A Car® locations you’ll receive up to a 25% discount.
  • Cirque du Soleil: 15% off admission to Cirque du Soleil shows touring Canada, and 20% off resident shows in Las Vegas.
Insurance Coverages
  • Extended warranty 2 years
  • Purchase protection 180 days
  • Travel accident $500,000
  • Emergency medical team 8 days
  • Trip interruption $2,000
  • Flight delay $500
  • Baggage delay $200
  • Lost or stolen baggage $750
  • Personal effects $750
  • Hotel burglary $750
  • Rental car theft damage
  • Rental car accident $200,000
  • Rental car personal effects $1,000
Offer and Eligibility
  • Minimum $80,000 (individual) or $150,000 (household) annual income required.
  • BMO CashBack World Elite Mastercard applications must be received between May 1, 2020, and Oct 31, 2020.
  • The 10% cash back offer and first year annual fee waiver offer is limited to new BMO CashBack World Elite Mastercard accounts and will not be awarded to current or former cardholders who reinstate a closed account, product transfer, or who open a new account. Limit of one bonus offer per account. 
Last edited by robblobblaw on May 2nd, 2020 6:36 am, edited 1 time in total.
363 replies
Deal Addict
Mar 13, 2012
1831 posts
1239 upvotes
Near You
Very low threshold of 500$ for bonus categories per billing cycle if you read the fine print.
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[OP]
Jr. Member
Apr 30, 2018
174 posts
561 upvotes
mistytalon wrote: Very low threshold of 500$ for bonus categories per billing cycle if you read the fine print.
That's 3% groceries for the BMO Cashback Mastercard only, doesn't apply to the World Elite.
Deal Addict
Feb 17, 2015
1095 posts
428 upvotes
Windsor, ON
I have this card still however due to the promo I got at the time its free so I choose not to churn it, I have had a great experience with it honestly, roadside assistance used 4 times for various things, one catch to it...they are supposed to tow you to a repair facility of your choice, I do my own work so a supervisor has allowed me to tow twice to my garage at home but had to overide it. Cashback would go straight into BMO account when redeemed, they gave me a balance transfer offer so I stopped using it for now....however once thats paid off since Rogers devalued and seems to be hit or miss with customer service this will likely be my daily driver again
Deal Addict
Oct 13, 2006
2792 posts
1256 upvotes
Burnaby
note the link points to credit card genius. the regular signup bonus is 3 months @ 5% cashback
Deal Addict
User avatar
Jun 22, 2007
1385 posts
721 upvotes
London, ON
This is perfect for the next 3 months as I don’t plan to spend much. $667 spend average a month to maximize the $200 cash back. Applied and approved.
Member
Sep 17, 2019
385 posts
400 upvotes
My wife, a current BMO client with a few different products, just applied. Instant approval.
Member
Feb 12, 2020
375 posts
576 upvotes
What are your experiences with churning BMO cards and getting welcome bonuses?

Yes, the terms state that welcome bonuses will not be provided for people that have been a cardholder in the past.
Deal Addict
Dec 28, 2007
1143 posts
731 upvotes
Good timing, as I've almost maxed out the 15% cash back on my Tangerine MC.
Sr. Member
User avatar
Feb 12, 2002
765 posts
181 upvotes
Vancouver
junggoo wrote: What are your experiences with churning BMO cards and getting welcome bonuses?

Yes, the terms state that welcome bonuses will not be provided for people that have been a cardholder in the past.
I got the BMO Airmiles WE back in 2016 for the purpose of booking 25% discounted flights. It wasn't FYF but the WB and perks paid for the card. Applied again in 2019 because of FYF and to my surprise, got the 3000 WB airmiles again. I'm going to cancel soon and try to product switch to this Cash Back WE card.
Deal Addict
Dec 28, 2007
1143 posts
731 upvotes
bhp wrote: I got the BMO Airmiles WE back in 2016 for the purpose of booking 25% discounted flights. It wasn't FYF but the WB and perks paid for the card. Applied again in 2019 because of FYF and to my surprise, got the 3000 WB airmiles again. I'm going to cancel soon and try to product switch to this Cash Back WE card.
Another option would be to downgrade to the free BMO air miles card. I applied for the WE air miles card a couple of years ago when they had a FYF offer with some bonus miles, and downgraded before the first year was up. A few months later, BMO sent me an offer to upgrade with FYF and some more bonus miles. IIRC, the upgrade offer wasn't as good as the one for new applicants, but the spending requirement was lower and no new application required.
Banned
User avatar
May 7, 2007
13912 posts
5708 upvotes
Applied and got approved. Instantly.

Thanks for the link, OP. I am sure I'll find where to use this one. :)
Deal Addict
Feb 10, 2018
1756 posts
1172 upvotes
Darkman wrote: Applied and got approved. Instantly.

Thanks for the link, OP. I am sure I'll find where to use this one. :)
Why Darkman, why?
Banned
User avatar
May 7, 2007
13912 posts
5708 upvotes
EDL67134234 wrote: Why Darkman, why?
Why?

10% ... on $2000 max. spent is a decent promo.

And then would have to see if year from now can tie it up somehow for the permanent usage (for 1.5%), when Rogers 1.5% goes down hill some more (after I end up not spending 15K on Rogers card).
Deal Addict
Oct 27, 2012
2857 posts
4662 upvotes
Toronto
Sweet. I'm going to set a reminder to apply for this once July 20th passes for my AMEX Platinum.
Deal Addict
Dec 28, 2007
1143 posts
731 upvotes
frozenmelon wrote: Page keeps crashing. Lame stuff.
Yup, there seems to be a problem entering the start date for one's previous address. Tried different browsers, same issue. Probably won't be a problem for those who have been at their current address for more than two years.
Sr. Member
Aug 22, 2012
785 posts
1293 upvotes
I have the regular BMO cashback card that has been inactive for 6 months, I know I can't product transfer for this deal but is it possible to apply as new? I know the answer is probably no, but some banks do allow it
Deal Fanatic
Aug 24, 2016
9414 posts
10662 upvotes
The Prairies
Enforcer22 wrote: I have the regular BMO cashback card that has been inactive for 6 months, I know I can't product transfer for this deal but is it possible to apply as new? I know the answer is probably no, but some banks do allow it
If you have the regular card and not this one, why would you think you wouldn’t be eligible to apply for this card?
Sr. Member
Aug 22, 2012
785 posts
1293 upvotes
coolintheshade wrote: If you have the regular card and not this one, why would you think you wouldn’t be eligible to apply for this card?
The terms state
"The 10% cash back offer and first year annual fee waiver offer is limited to new BMO CashBack World Elite Mastercard accounts and will not be awarded to current or former cardholders who reinstate a closed account, product transfer, or who open a new account. Limit of one bonus offer per account. "

My takeaway from the wording is 'Current cardholders who open a new account are not eligible' I am a cardholder, just not of this specific card hence the confusion. I do see what you mean. Maybe I'll call them to be absolutely sure

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