Which has the lower annual fee, Aspire Travel World Elite Mastercard or BMO CashBack World Elite Mastercard?

The BMO CashBack World Elite Mastercard has a $120 annual fee, while the Aspire Travel World Elite Mastercard charges $150/year.

Which card is better for groceries, Aspire Travel World Elite Mastercard or BMO CashBack World Elite Mastercard?

The Aspire Travel World Elite Mastercard earns 2x on groceries, while the BMO CashBack World Elite Mastercard earns 5%. The better choice depends on your grocery spending and the specific merchants you shop at.

Aspire Travel World Elite Mastercard vs BMO CashBack World Elite Mastercard — Which Is Better? | Churnr

Header Quick Take Value Earn Rates Merchants Wallet Bonus FX Benefits Eligibility Perks Downgrade Verdict

BMO CashBack World Elite Mastercard wins by $679/yr — strongest in groceries

BMO CashBack World Elite Mastercard earns $112 more on groceries
Aspire Travel World Elite Mastercard earns $42 more on shopping
$480 welcome bonus advantage

Groceries: +$112Shopping: +$42Gas: +$36

Aspire Travel World Elite Mastercard: $30/yr in foreign transaction fees

BMO CashBack World Elite Mastercard: Groceries cap limits earning — losing ~$271/yr above cap

BMO CashBack World Elite Mastercard: $30/yr in foreign transaction fees

Showing Year 1 analysis

Dollar Value

$514

/first year

1.2% effective$43/mo

vs 1% no-fee card: +$95

Annual rewards earned+$694

FX costs−$30

Annual fee−$150

Winner

$1,193

/first year

2.8% effective$99/mo

vs 1% no-fee card: +$774

Annual rewards earned+$743

Welcome bonus+$480

First-year fee waiver+$120

FX costs−$30

Annual fee−$120

Grocery cap reached at $6,000 — remaining $6,780 earns at base rate (losing ~$271 vs uncapped)

Total lost to caps: $271/yr across 1 category

Best for your spendingBMO CashBack World Elite Mastercard—$1,193Year 1 value

+$679 more than Aspire Travel World Elite Mastercard

Scroll down for the full breakdown

Earn Rates by Category

Wallet Optimizer

Downgrade

Coming soon

The Bottom Line

BMO CashBack World Elite Mastercard wins by $679/yr — strongest in groceries

BMO CashBack World Elite Mastercard earns $112 more on groceries
Aspire Travel World Elite Mastercard earns $42 more on shopping
$480 welcome bonus advantage

Groceries: +$112Shopping: +$42Gas: +$36

Showing Year 1 analysis

BMO CashBack World Elite Mastercard wins in both Year 1 and Year 2+ — consistent long-term value.

Things to Consider

BMO CashBack World Elite Mastercard: Groceries cap limits earning — losing ~$271/yr above cap

Data Sources

Issuer terms & conditions (verified Feb 2026)

Merchant MCC verification (239 merchants)

Insurance certificates (PDF review)

Reward program documentation

User-reported acceptance data

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