Discover details about the BMO Cashback World Elite Mastercard and how to apply.
If you want to have a great credit card that provides a return on your spending anywhere, the BMO Cashback World Elite Mastercard is the right credit card for you. With several advantages, it has been the top choice from the bank.
You also have a secure financial institution that will ensure all your transactions. With this, it is easier to get the credit card you desire in a more straightforward way.
Follow our article and find out everything you need to know about the BMO Cashback World Elite Mastercard.
Positives of the BMO Cashback World Elite Mastercard
The BMO Cashback World Elite Mastercard is a premium credit card that offers a range of benefits to its cardholders. Some of the positive points of the card include:
This card stands out by providing a generous cashback rate on your expenses. Enjoy an attractive 5% cashback on purchases made at supermarkets, ensuring that every purchase in this category is rewarded.
Additionally, benefit from a 2% cashback on all your restaurant expenses, adding an extra benefit to your dining experiences.
For all other purchases, the card offers a 1% cashback.
This rewards structure means that you have the opportunity to receive a substantial refund, reaching up to 5% on your supermarket purchases and 2% on your restaurant expenses.
This card features a points system that provides cardholders with the opportunity to accumulate points.
These points can be redeemed for various rewards, including options like travel, products, and services.
This versatility in point redemption adds an extra layer of benefits, allowing users to customize their rewards according to their preferences and needs.
You earn 1 point for every dollar spent with the card. Points expire after 3 years.
You can redeem your points for a wide variety of rewards, including:
- Travel: You can use your points to book flights, hotels, rental cars, and other travel activities.
- Products: You can use your points to purchase products from partner stores.
- Services: You can use your points to pay for services like streaming subscriptions or food delivery services.
The BMO Cashback World Elite Mastercard offers a variety of security features to help protect your data and your money, including:
- Theft and loss protection: If your card is stolen or lost, you can request a new card and have your expenses covered.
- Fraud protection: The card features advanced security technology to help protect against fraud.
- Online transaction security: The card uses SSL security technology to help protect your online transactions.
The BMO Cashback World Elite Mastercard goes above and beyond by offering a variety of exclusive benefits, including:
- Airport VIP Lounge Access: Cardholders have the advantage of access to VIP lounges at selected airports around the world, providing a premium experience during their travels.
- Travel Insurance: The card offers comprehensive travel insurance coverage, including protection against delays, cancellations, and travel interruptions, ensuring cardholders’ peace of mind during their journeys.
- Life Insurance: Benefits extend to offering life insurance, providing coverage for both the cardholder and their dependents, ensuring an extra layer of financial protection in unexpected situations.
The BMO Cashback World Elite Mastercard offers a variety of digital features, including access to the BMO Mobile Banking app and the BMO Online Banking website.
The BMO Mobile Banking app allows you to make payments, check your balance, and transfer money quickly and easily.
The BMO Online Banking website offers access to a variety of resources, including your account statement, transaction history, and reward points.
Who Can Apply for the Card?
There are some criteria for you to be eligible for the BMO Cashback World Elite Mastercard. Check them out:
- You need to be at least the legal age in your province or territory (18 or 19 years old).
- You need to have a minimum income of at least $80,000 per year (or have a family income above $150,000).
- You must not have declared bankruptcy in the last 7 years.
With this, you will be able to apply for your card and get faster access to it.
What Information is Required for Application?
To apply for the BMO Cashback World Elite Mastercard, you will need to provide the following information:
- Full name.
- Date of birth.
- Phone number.
- Email address.
- Monthly income.
- Credit history.
You will also need to provide a copy of your identification document, such as an ID card or passport, and a copy of your income proof.
The information you provide will be used to assess your eligibility for the card. BMO will consider your credit history, income, and employment to determine if you are a good candidate for the card.
After submitting your application, BMO will review the information you provided and contact you to inform you if your application has been approved.
How to Apply for the BMO Cashback World Elite Mastercard?
Here’s how to apply for your BMO Cashback World Elite Mastercard in a straightforward manner:
- Access the BMO Cashback World Elite Mastercard page.
- Click on the “Apply Now” button.
- Review the eligibility criteria and check if you already have a debit card from the company.
- Fill out the application with the requested information, including personal details, documents, and income information.
- Submit the application to the bank and wait for their approval.
Now, wait for the card to arrive at your home address, which you provided.
See how easy it is to request your BMO Cashback World Elite Mastercard? Visit the website and sign up now.
Take the opportunity to explore more credit card options on our page.
This content was produced in January 2024. In case of updates or changes to services and conditions, please contact the responsible bank.