Credit Cards

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

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  • Aug 16th, 2020 5:40 pm
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Deal Addict
Feb 10, 2018
1079 posts
726 upvotes
Applied, no instant approval.

Gotta wait 8-10 business days.
Deal Guru
Jan 12, 2017
13249 posts
3628 upvotes
Scarberia
EDL67134234 wrote: Applied, no instant approval.

Gotta wait 8-10 business days.
i applied two days ago...wasnt instant approved. but i logind to my BMO account, my account and boom! got my card status there! :) , they didn't call me or verify income at all!

9k CL, woulda been nice to have 10k but i guess its good enough!

so its ok to buy 2000$ in gcs at supermarkets like metro or food basic and get 10% CB right? please confirm

is SDM considered groceries store? or better to use the pcf WE card for all purchases there? tia
*SIG: Ryzen R5 2600 cpu w/ ASrock B450M OCd to 4.0ghz@1.265v stock cooler 16gb ram win10 pro w/radeon rx460 rogers Gigabit<< xb1 gamertag: mikka2017 >>
Sr. Member
Apr 14, 2006
645 posts
399 upvotes
St Johns
JonathanY827 wrote: personally had this card for a year. I like how it simple 1.5% CB on everything, makes using it nice and easy. Good to use on costco. Also the world elite benefits are a nice touch. Im happy with the cad
It’s a great card, straightforward, can use at Costco and great benefits
Deal Addict
User avatar
Jun 22, 2007
1184 posts
480 upvotes
London, ON
mikka2017 wrote: i applied two days ago...wasnt instant approved. but i logind to my BMO account, my account and boom! got my card status there! :) , they didn't call me or verify income at all!

9k CL, woulda been nice to have 10k but i guess its good enough!

so its ok to buy 2000$ in gcs at supermarkets like metro or food basic and get 10% CB right? please confirm

is SDM considered groceries store? or better to use the pcf WE card for all purchases there? tia
If you got approved for the world elite then it’s 10% CB on all purchases at any store up to $2000 combined. Must be done within first 3 statements.

Normal cash back rate of 1.5% applies after bonus. You can use this card at any store that accepts MasterCard.

Your best strategy is to use this card anywhere you normally don’t get higher than 1.5% on. If you can achieve higher returns with another card for groceries or for specific categories than use the credit card that provides the highest return over 1.5%.

Using this card at Costco would be a great option if you shop there.
Deal Guru
Jan 12, 2017
13249 posts
3628 upvotes
Scarberia
davethegr8 wrote: If you got approved for the world elite then it’s 10% CB on all purchases at any store up to $2000 combined. Must be done within first 3 statements.

Normal cash back rate of 1.5% applies after bonus. You can use this card at any store that accepts MasterCard.

Your best strategy is to use this card anywhere you normally don’t get higher than 1.5% on. If you can achieve higher returns with another card for groceries or for specific categories than use the credit card that provides the highest return over 1.5%.

Using this card at Costco would be a great option if you shop there.
Thx. Is supplementary cards free? Only my mom shops at Costco.. I don't think I've been there in yrs. Only for the 1$ Fire dogs Face With Tears Of Joy.. Maybe more shopping at Walmarts! 10%cb
*SIG: Ryzen R5 2600 cpu w/ ASrock B450M OCd to 4.0ghz@1.265v stock cooler 16gb ram win10 pro w/radeon rx460 rogers Gigabit<< xb1 gamertag: mikka2017 >>
Deal Guru
User avatar
May 7, 2007
12410 posts
5007 upvotes
mikka2017 wrote: Thx. Is supplementary cards free? Only my mom shops at Costco.. I don't think I've been there in yrs. Only for the 1$ Fire dogs Face With Tears Of Joy.. Maybe more shopping at Walmarts! 10%cb
No. It's not free.
Deal Addict
Dec 28, 2007
1007 posts
528 upvotes
1094197 wrote: Just got this email.. I thought we getting 10% CB?
Looks like this is fixed now. I got the same email, but it correctly states 10% cash back.
Deal Fanatic
User avatar
Dec 11, 2005
8216 posts
1197 upvotes
TO
Is the cashback similar to the offering at TD where they separate the bonus cashback on each statement an can be applied in 50$ increments any time/statement?

The whole shenanigans at CIBC 10% offer left a bad taste not to mention not being able to redeem anytime but December.
Achieva Financial /KOHO / STACK (0% FX Fee) /Tangerine / EQ Bank member / I use Plastiq for paying bills with my CC

"You can't soar with the eagles if you're hanging with the turkeys - Gary Kent
Deal Fanatic
User avatar
Dec 23, 2008
5664 posts
1432 upvotes
Milton
tradinghumble wrote: It’s a great card, straightforward, can use at Costco and great benefits
Thats my experience as well, using it more than my rogers we. I might consider also signing up for bmo Performance Plan Chequing Account for the $300 promo.
Deal Addict
Oct 27, 2012
1748 posts
2438 upvotes
Toronto
Just applied - have a BMO account from the $300 promo last summer still waiting to cancel LOL. Got instantly approved for 11K.
Jr. Member
Jun 23, 2017
194 posts
105 upvotes
Hello RFD'ers. This seems like a great card with benefits and most importantly the 10% cashback. Had a few questions for you all, please help:

1. I was planning on getting this card and paying my wife's tuition fees on it for her September semester. Fees would be around $2000 and plus I will be spending at usual groceries and gas. Does tuition fees count?
2. In order to get $200 on $2000, do I have to spend $2000 first and then get the $200 or is it cumulative as in I will be getting 10% cashback every statement for up to $2000 spend?
3. I don't have a BMO debit account. Does the cashback show up as a credit on credit card or do I need their debit account?

Thank you all
Deal Guru
Jan 12, 2017
13249 posts
3628 upvotes
Scarberia
do u have to use a separate app for this credit card or the BMO banking app is all in one? tia
*SIG: Ryzen R5 2600 cpu w/ ASrock B450M OCd to 4.0ghz@1.265v stock cooler 16gb ram win10 pro w/radeon rx460 rogers Gigabit<< xb1 gamertag: mikka2017 >>
Deal Addict
Oct 3, 2010
1379 posts
836 upvotes
Lac St-Jean
I have a NBC card that i wanted to keep long term for warranties and insurances but the BMO seem like a better deal. With the NBC you can recoup the annual fee with 250$ in travel credits but the rewards system is way more complicated that a simple cashback system like the BMO. I thought the NBC was the better card on the market but i think ill switch to the BMO instead.
Deal Addict
User avatar
May 7, 2019
1351 posts
1169 upvotes
Ontario
RougeJeff wrote: With the NBC you can recoup the annual fee with 250$ in travel credits but the rewards system is way more complicated
The $250 benefit you mention is complicated, too. Many strings attached.

It's split into three separate categories of travel spend, each with their own sub-limits ($100 baggage, $100 airport parking, and $50 seat selection).
.
Preferred cards:

Brim WE . ☁️

CTFS CA and Triangle WE .🔻
Deal Fanatic
User avatar
Dec 23, 2008
5664 posts
1432 upvotes
Milton
mikka2017 wrote: do u have to use a separate app for this credit card or the BMO banking app is all in one? tia
you create your own bmo account to log into bmo online banking. use the same account to log into the app
Deal Guru
Jan 12, 2017
13249 posts
3628 upvotes
Scarberia
spena wrote: you create your own bmo account to log into bmo online banking. use the same account to log into the app
do u also have to login and register for the free roadside as well?

https://daa.ca/auto-club-terms

i wonder if we will get the 40$ vouchers at bottom of page there
$40 in coupons for gas - When you signup you will be sent $40 in gas rebate coupons that you can use as a member. You will be reimbursed for fuel purchases, just save your receipt.
*SIG: Ryzen R5 2600 cpu w/ ASrock B450M OCd to 4.0ghz@1.265v stock cooler 16gb ram win10 pro w/radeon rx460 rogers Gigabit<< xb1 gamertag: mikka2017 >>
Deal Addict
Mar 13, 2012
1398 posts
865 upvotes
Near You
So has anyone actually claimed travel insurance with Allianz? Was the process straightforward? Any comparison with other underwriters, like desjardins or RSA?

I'm interested in the card specifically for the travel insurance, would be nice to have a card to put the miles redemption trips on and still be covered when you travel.
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Newbie
Dec 29, 2006
54 posts
19 upvotes
mistytalon wrote: So has anyone actually claimed travel insurance with Allianz? Was the process straightforward? Any comparison with other underwriters, like desjardins or RSA?

I'm interested in the card specifically for the travel insurance, would be nice to have a card to put the miles redemption trips on and still be covered when you travel.
I claimed travel insurance with Allianz linked to my BMO Travel World Elite MC and Rogers Bank MC. Same application form for both cards. It's quite easy to apply but it takes a long time to get processed. I submitted the application in March and I am still waiting. I guess they have lots of applications now due to Covid-19, but it's quite easy to apply and you can do everything online. It's my first time claiming travel insurance, so I am not sure about other insurance companies.
Jr. Member
Jun 23, 2017
194 posts
105 upvotes
ninjasmilez11 wrote: Hello RFD'ers. This seems like a great card with benefits and most importantly the 10% cashback. Had a few questions for you all, please help:

1. I was planning on getting this card and paying my wife's tuition fees on it for her September semester. Fees would be around $2000 and plus I will be spending at usual groceries and gas. Does tuition fees count?
2. In order to get $200 on $2000, do I have to spend $2000 first and then get the $200 or is it cumulative as in I will be getting 10% cashback every statement for up to $2000 spend?
3. I don't have a BMO debit account. Does the cashback show up as a credit on credit card or do I need their debit account?

Thank you all
Can anyone answer this? Thanks.

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