Tuesday, January 12, 2016

BMO CashBack World Elite MasterCard - Up to a $150 CashBack Bonus

Sign up bonuses are few and far between for Cash Back credit cards in Canada. More often there are fee waivers or increased category bonuses for a select amount of time when you first get a card. So when an actual sign up bonus arises it is newsworthy!

In this case it is for the BMO CashBack World Elite MasterCard and the offer sees new cardholders receive up to $150 in cash back. The $150 cash back bonus is broken down as follows:

Receive $50 in CashBack rewards after your first purchase, plus an additional $100 when you spend $3,000 in the first three month.

So you have to spend at least $1,000 a month on the card and seeing that it is a World Elite card that shouldn't be hard for the applicants who go for the card as they need to have $70,000 individual income or $120,000 combined household income.

In reality, you get $30 in the end as the card does have an annual fee of $120, so you could think of this as a first year free + $30 bonus cashback. The card does have a full suite of insurance benefits included which are great for travelling and the 1.75% back is a decent straight return for a cash back card. 

Card Details
· Get up to $150 CashBack BONUS*
· Earn 1.75% CashBack on ALL card purchases* without restrictions*!
· Complimentary Roadside Assistance Program*
· BMO CashBack World Elite Travel and Medical Protection*
· Extended Warranty Plus*
· Purchase Protection Plus*
· FREE additional cards BMO Concierge Service*
· 19.9% interest rate
· $120 annual fee
Apply online

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