BMO Cash Back WEMC will introduce a new and improved cash back rewards. Starting in May 2021, and applying to all purchases that appear on June 2021 statements, CashBack Rewards earned on BMO CashBack World Elite Mastercard purchases will change from 1.5% cash back on all purchases to:
- 5% cash back on eligible grocery purchases, up to a maximum of $500 spent for each statement cycle
- 4% cash back on eligible transit purchases, up to a maximum of $300 spent for each statement cycle
- 3% cash back on eligible gas purchases, up to a maximum of $300 spent for each statement cycle
- 2% cash back on eligible recurring bill payments, up to a maximum of $500 spent for each statement cycle
- 1% unlimited cash back on all other purchases
Once you spend up to the maximum for groceries, transit, gas or recurring bill payments for your statement period, you’ll keep earning 1% cash back on eligible purchases in those categories.
The changes will happen in May 2021 which means all purchases that appear on and before May statements will continue to earn 1.5% cash back. Exactly when the changes take effect will depend on individual statement dates, which can be found (in bold) in the top right corner of your statement. CashBack Rewards will change the day after your statement date (so, a statement date of May 4th, 2021 means your CashBack Rewards will change on May 5th, 2021).
Plus, cardholders can continue to get exclusive benefits like all kinds of insurances and BMO Roadside Assistance program.
From my point of view, this is really a good news for all current and future BMO Cash Back WEMC cardholders.
