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Shell CashBack World Mastercard from BMO Review

Claire Horwood

Last updated: Jan 7, 2021

Earn a top return on cashback and qualify for exclusive benefits when you purchase gas and other products at Shell.

This premium gas credit card offers 3% cash back at Shell locations across Canada and 1.25% cash back everywhere else. It also comes with roadside assistance, travel insurance and discounts on gas at Shell.

19.99%

Purchase Interest Rate

$79

Annual Fee

Details

Product Name	Shell CashBack World Mastercard from BMO
Reward	Get 3% cash back per $1 spent at Shells stations, 1.25% cash back on all other spend.
Welcome Offer	N/A
Purchase Interest Rate	19.99%
Cash Advance Rate	22.99% (21.99% for Quebec residents)
Balance Transfer Rate	22.99%
Interest Free Period	Up to 21 days
	Apply now More Info

Annual Fee	$79
Monthly Service Fee	N/A
Over Credit Line Fee	$29
Balance Transfer Fee	3%
Penalty APR	24.99%
Dishonoured Payment Fee	$48
Foreign Currency Conversion Fee	2.5%
Cash Advance Minimum Fee	$5
Late Payment Fee	N/A
	Apply now More Info

Credit Score	760
Minimum Age	Age of majority in the province/territory of residence.
Minimum Income	$60,000
Household Income	$100,000
	Apply now More Info

Claire Horwood

Claire Horwood is a writer at Finder, specializing in credit cards, loans and other financial products. She has a Bachelor of Arts in Gender Studies from the University of Victoria, along with an Associate's Degree in Science from Camosun College. Much of Claire's coursework has focused on writing and statistics, with a healthy dose of social and cultural analysis mixed in for good measure. She has also worked extensively in the field of "Blended Finance" with the Canadian government. In her spare time, Claire loves rock climbing, travelling and drinking inordinate amounts of coffee.

30-second take

Think about this card if you want gas rebates and a decent cashback return.

Choose something else if you want a low interest rate and no annual fee.

You will need an individual income of $60,000 or a household income of $100,000 to qualify for this card.

The basics

If you want a premium gas card that lets you earn a top return on cashback along with a full suite of benefits, then the Shell CashBack World Mastercard from BMO could be the right fit for you.

Cashback rewards. Earn 1.25% cashback when you spend money on your card (with a 3% return on purchases made at Shell).
Travel insurance. Take advantage of travel insurance, including protection for flight delays, baggage loss and more.
Roadside assistance. Get free basic coverage for towing and other services with BMO roadside assistance.
Car rental insurance. Get collision insurance on your next rental car with built-in coverage when you pay with your card.
Purchase protection. Rest easy knowing your purchases are insured against damage with extended warranty coverage.

The perks

Tap and pay. Pay instantly with Mastercard contactless payment and Apple Pay.
Enhanced security. Use your Mastercard SecureCode to protect your information when shopping online.
Worldwide acceptance. Shop with confidence when you travel overseas knowing that Mastercard is accepted worldwide.

What to watch out for

Annual fee. The fee for this card is $79 per year.
High interest. Any outstanding balance or cash advance will cost you around 22.99% in interest every month.
No welcome offer. You won’t get any added benefits in your first few months.
No points. While your cashback rewards are flexible, you won’t have the option to collect and redeem points.
No travel medical. The card doesn’t offer complimentary travel medical or health insurance coverage.
Fee for additional cards. You’ll pay an additional fee if you want to get more than one card.
Difficult to qualify. The minimum income you’ll need to qualify for this card is $60,000.

What should I know before I apply

To apply for a Shell CashBack World Mastercard from BMO, you need to meet the following criteria:
- Be a Canadian citizen or permanent resident who is at least 18 years old (19 in some provinces)
- Have a minimum annual income of $60,000 or a household income of $100,000
- Your name, residential status and contact information
- Your social insurance number and date of birth
- Your email address and phone number

How to apply

Click “Go to site” on this page to be directed to the Shell CashBack World Mastercard from BMO application.
Complete the application, which includes providing your name, email address, social insurance number and birth date.
Review and submit your application.

Bottom line

The Shell CashBack World Mastercard from BMO is a good fit for loyal Shell customers looking for a high return on cashback. It offers roadside assistance, travel benefits and exclusive savings at Shell for a reasonable annual fee.