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BMO Cash Back Credit Card Review - BEST Credit Card in 2024?!BMO CashBack World Elite Mastercard. Get up to 10% cash back in your first 3 months and the $ annual fee waived in the first year. 5% on groceries The most cash back on foods and essentials in Canada. � 4% on transit Including ride sharing, taxis, and public transportation. � 3% on gas And. Earning categories ; 10%. On qualified spend ; 5%. On groceries ; 4%. On transit including ride sharing, taxis and public transportation* ; 3%. On gas and electric.