Here’s the scoop on how to apply:

1. Online Application:

• Head to the BMO website: Just scoot over to their website and find the credit card section. Look for the BMO Cashback World Elite Mastercard and hit that shiny “Apply Now” button.
• Spill the tea: Time to share some deets about yourself – you know, the usual name, address, income stuff. Don’t worry, it’s all safe and sound.
• Hit send and chill: Give your application a once-over, make sure everything’s correct, and send it off into the digital ether.
• The waiting game (but not for long): BMO will do their thing and let you know their decision, usually within a few minutes. Fingers crossed! If you’re approved, your new card will be arriving in your mailbox in about a week or so.

2. Phone Application:

• Give BMO a ring: Call up their customer service line and tell them you’re interested in the BMO Cashback World Elite Mastercard.
• Answer a few Qs: A friendly BMO representative will walk you through the application, asking for the same info as the online version.
• They’ll handle the rest: Once you’ve given them all the necessary info, they’ll take care of submitting your application.
• Decision time: Just like the online app, you’ll get a decision pretty quickly. Approved? Awesome! Your card’s on its way.

3. In-Person Application:

• Pop into a BMO branch: Find your nearest branch and have a chat with a customer service rep.
• Let them know what you’re after: Tell them you’re interested in the BMO Cashback World Elite Mastercard.
• Fill out some paperwork: They’ll give you an application form and help you fill it out.
• Hand it over: Once you’re done, review everything carefully and hand it back to the rep.
• Get an answer: They’ll review your application right there. If you’re approved, you might even get your card on the spot! Otherwise, it’ll be mailed to you.

Overall Card Score: A Mixed Bag

Let’s evaluate the card across the three major categories:

• Rewards: The impressive 5% cashback on groceries is undermined by the low spending caps, earning the card a score of 3 out of 10 in this category.
• Insurance: While the card offers a wide array of coverages, their average quality results in a score of 9 out of 10.
• Perks: Despite the inclusion of roadside assistance, the availability of better options elsewhere means the card scores a 7 out of 10 for perks.

Combining these scores, the BMO Cashback World Elite Mastercard earns a final score of 6.33 out of 10. However, its attractive signup bonus nudges this up to 6.5, placing it in the C-tier category.

While the BMO Cashback World Elite Mastercard offers a strong introductory bonus, its long-term value is less compelling due to restrictive spending caps and average insurance coverage. For those looking to maximize their grocery cashback, the MBNA Rewards World Elite Mastercard might be a better option with its higher spending limits.

The BMO card’s perks, such as roadside assistance and gas savings, are nice to have but can be found in other cards with better overall offerings. Consider this card for its signup bonus, but explore other options for your everyday spending needs.

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