Credit Cards

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

  • Last Updated:
  • Aug 16th, 2020 5:40 pm
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Member
Oct 17, 2014
227 posts
181 upvotes
Toronto, ON
Presents wrote: I suspect BMO may have killed the offer. Looks like it is back to 5% on $4k. It appears they made the change effective May 17th.

Too bad as I was going to sign up after understanding how BMO manages welcome bonuses across products.
OP link still says "Get 10% cash back in your first 3 months". This is the same from creditcardGenius.
Member
Jul 7, 2016
331 posts
658 upvotes
milanoL wrote: OP link still says "Get 10% cash back in your first 3 months". This is the same from creditcardGenius.
Thanks for clarifying I will delete my last post. Did not realize it was an affiliate link.
Deal Addict
User avatar
Jun 22, 2007
1158 posts
464 upvotes
London, ON
Happy to report I just received my first statement. Annual fee was charged and rebated on the same statement and more importantly I have received 10% cash back on purchases so far. Smiling Face With Open Mouth
Deal Guru
User avatar
May 7, 2007
11493 posts
4635 upvotes
davethegr8 wrote: Happy to report I just received my first statement. Annual fee was charged and rebated on the same statement and more importantly I have received 10% cash back on purchases so far. Smiling Face With Open Mouth
From my previous experience with BMO MC ... I am pretty sure, now that you got the 10% cash back .... (or say you got full $200 in cashback from $2000 spent) -- you can convert that into cash / statement credit (that will show up in your account in a day or two or so ... and then, for example, if your bill is $2000 --- you can just pay $1800 ... and the other $200 will be taken from that statement credit without any penalties.
Deal Fanatic
User avatar
Dec 23, 2008
5557 posts
1349 upvotes
Milton
spena wrote: made a purchase and keeping an eye out for the cashback. I already sent a secure message through online banking to confirm about the 10%, waiting for a response and I will send them the screenshots
Heard back from BMO via secure message:

Thank you for contacting BMO Bank of Montreal.

I can confirm that you are receiving the 10% welcome offer. Please note that there was an error in the email communication that you have received. It should be 55 however we will still honour this cashback rate.

If you have any questions, please contact us again. Thank you for choosing BMO Bank of Montreal.
Sr. Member
Feb 4, 2019
889 posts
1329 upvotes
BC
Looks like the standard public offer is now also 10% on $2K:

https://www.bmo.com/main/personal/credi ... astercard/

I did the 5% on $4K last December when I had an expense matching the MSR, it was easy and painless.

Any DPs on downgrading existing BMO CB WE to no-fee CB MC, then applying for a new CB WE and getting the WB?
Deal Addict
Apr 13, 2017
1331 posts
567 upvotes
Although I never had this card, I had the World Elite rewards card in 2015, which I closed in 2016. What are the chances I will not get welcome bonus / annual fee waiver if I apply for this card?
Deal Guru
Jan 12, 2017
12089 posts
3254 upvotes
Scarberia
1)is there instant approval for this?
2) min. income and do they verify this? ie can u fudge in 80k?

looking for a daily driver after my amex plat...(july 20th) :D
i was thinking of having cdn tire WE, pcF WE, and another card for daily use!
*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
Jan 12, 2017
12089 posts
3254 upvotes
Scarberia
damn! did NOT get instant approval.... i think i've applied to 3 credit cards today lol...bad? none were instant approved! im screwed lol
Based on the info you gave us, we can’t approve your BMO CashBack World Elite Mastercard application right away. We’ll let you know if you’ve been approved by mail within 8 to 10 business days.
*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 >>
Banned
May 25, 2020
49 posts
44 upvotes
mikka2017 wrote: damn! did NOT get instant approval.... i think i've applied to 3 credit cards today lol...bad? none were instant approved! im screwed lol
Mikka,
I just applied for this card on Sunday and did not get instant approval as well. Just called in was approved 15k limitGrinning Face
Deal Guru
Jan 12, 2017
12089 posts
3254 upvotes
Scarberia
Furious7 wrote: Mikka,
I just applied for this card on Sunday and did not get instant approval as well. Just called in was approved 15k limitGrinning Face
did u have to verify any info or income stubs? 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 >>
Banned
May 25, 2020
49 posts
44 upvotes
mikka2017 wrote: did u have to verify any info or income stubs? tia!
Nope,
I never had to give income stubs or verify my info before. Is your credit history relatively long?
Deal Guru
Jan 12, 2017
12089 posts
3254 upvotes
Scarberia
Furious7 wrote: Nope,
I never had to give income stubs or verify my info before. Is your credit history relatively long?
20yrs credit.. 1%utilizing 5 cc's I have currently bout 10k cl each... But I've applied for 3 cc's in last couple of days.. I don't make 80k Face With Tears Of Joy
*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 >>
Banned
May 25, 2020
49 posts
44 upvotes
They might be more strict cause of covid 19 but then again maybe not. I am applying for limit increase and 3 more cards in July. Same here 20 years history.

Cheers,
Sr. Member
User avatar
Mar 23, 2009
782 posts
584 upvotes
Toronto
mikka2017 wrote: damn! did NOT get instant approval.... i think i've applied to 3 credit cards today lol...bad? none were instant approved! im screwed lol
I got the same message, but logged in today to the website and saw another MC account so I guess I got approved.

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