"Is TD Cash Back Visa Infinite or BMO CashBack World Elite better?"

"The BMO CashBack World Elite Mastercard ($120/year) edges out the TD Cash Back Visa Infinite ($139/year) for most Canadians. BMO earns 5% on grocery (any store, up to $500/month), 4% on transit and recurring bills, and 2% on gas — all higher than TD's rates except at Loblaws-banner stores (where PC Optimum stacking complicates the comparison). BMO also charges a lower annual fee ($120 vs $139). TD Cash Back has a comparable grocery earn but charges more annually. If you bank with TD and want to consolidate, the TD card integrates seamlessly with TD banking."

"What is the grocery earn rate on TD Cash Back Visa Infinite?"

"The TD Cash Back Visa Infinite earns 3% cash back on groceries, gas, and recurring bill payments — across all stores for grocery (not limited to a specific banner). The BMO CashBack World Elite earns 5% on grocery (up to $500/month) and 4% on recurring bills. On grocery spending, BMO earns significantly more: $300/year at $500/month (BMO at 5%) vs $180/year (TD at 3%). The BMO CashBack World Elite is the stronger grocery card."

"Does the TD Cash Back Visa Infinite pay cash back monthly or annually?"

"The TD Cash Back Visa Infinite pays cash back annually as a statement credit — once per year in the statement cycle after your anniversary date. BMO CashBack World Elite cash back can be redeemed monthly as a statement credit. If you want more frequent cash back access, BMO CashBack has an advantage in redemption frequency."

"What is the income requirement for TD Cash Back Visa Infinite and BMO CashBack World Elite?"

"TD Cash Back Visa Infinite requires $60,000 personal or $100,000 household income — the standard Visa Infinite threshold. BMO CashBack World Elite requires $80,000 personal or $150,000 household income — the World Elite Mastercard threshold, which is higher. If your income is between $60,000–$79,999, TD Cash Back Visa Infinite is the only one of the two you qualify for. At $80,000+, both are accessible and BMO CashBack is generally the stronger card."

"Does BMO CashBack World Elite work at Costco?"

"Yes — BMO CashBack World Elite Mastercard is accepted at Costco Canada, which only accepts Mastercard. TD Cash Back Visa Infinite (Visa) is not accepted at Costco. If you spend at Costco, BMO CashBack earns 1% on Costco purchases (Costco is not a grocery bonus-category store for most cards). TD Cash Back cardholders cannot use their Visa at Costco — they would need a separate Mastercard."

TD Cash Back Visa Infinite vs BMO CashBack World Elite Mastercard (2026)

Two strong cash back cards competing in the $120–$140 annual fee range. TD Cash Back Visa Infinite offers 3% on grocery, gas, and recurring bills; BMO CashBack World Elite offers 5% on grocery and 4% on recurring bills and transit.

Quick verdict: BMO CashBack World Elite for most Canadians — higher earn rates, lower annual fee, Mastercard accepted at Costco. TD Cash Back for existing TD banking clients or those under the $80K World Elite income threshold.

Side-by-Side Comparison

Feature	TD Cash Back Visa Infinite	BMO CashBack World Elite Mastercard
Annual fee	$139	$120
Network	Visa Infinite	World Elite Mastercard
Income required	$60K personal / $100K household	$80K personal / $150K household
Costco acceptance	No (Visa)	✓ Yes (Mastercard)
Earn — Grocery	3%	5% (up to $500/month)
Earn — Gas	3%	2%
Earn — Recurring bills	3%	4%
Earn — Transit	—	4%
Earn — Everything else	1%	1%
Cash back paid	Annually	Monthly
Travel insurance	✓ Comprehensive	✓ Comprehensive
Welcome bonus	Check current offer	Check current offer

Earn Rate Comparison

On a sample household ($700/month grocery, $150/month gas, $350/month recurring bills):

Category	Monthly Spend	TD Cash Back	BMO CashBack WE
Grocery	$700	$252/year (3%)	$300/year (5%)
Gas	$150	$54/year (3%)	$36/year (2%)
Recurring bills	$350	$126/year (3%)	$168/year (4%)
Other	$500	$60/year (1%)	$60/year (1%)
Total		$492/year	$564/year
After annual fee		$353 net	$444 net

BMO CashBack generates $91 more per year in this scenario — plus is $19 cheaper annually.

Gas: TD Wins

TD Cash Back earns 3% on gas vs BMO CashBack’s 2%. On $150/month gas:

TD: $54/year
BMO: $36/year

High gas commuters may prefer TD. But in most household spending scenarios, BMO’s grocery advantage more than offsets the gas difference.

Income Threshold

If your income is between $60,000–$79,999:

TD Cash Back Visa Infinite qualifies ✓
BMO CashBack World Elite requires $80K — may not qualify ✗

The lower TD income threshold makes it accessible to more Canadians, including those in the $60K–$79K range.

Cash Back Timing

Card	When Paid
TD Cash Back	Annually (once/year statement credit)
BMO CashBack World Elite	Monthly (more flexible)

BMO CashBack’s monthly cash back is more accessible — useful if you want cash back applied to your balance each month rather than waiting until your anniversary.

Who Should Choose TD Cash Back Visa Infinite

Your income is $60K–$79K (below the BMO World Elite threshold)
You spend heavily on gas ($200+/month) — TD’s 3% vs BMO’s 2% is significant here
You bank with TD and want integrated bill payment / points tracking
You prefer Visa acceptance over Mastercard at specific merchants

Who Should Choose BMO CashBack World Elite

You shop at Costco (Mastercard required)
Your income is $80K+ and you qualify for World Elite
You spend over $500/month on grocery (BMO earns 5% vs TD’s 3% — $120 more/year)
You want monthly cash back access rather than annual
You have high recurring bills (phone, internet, insurance) — 4% vs TD’s 3%

Verdict

BMO CashBack World Elite Mastercard is the stronger card for most Canadians who qualify: higher grocery earn, lower annual fee, Costco acceptance, monthly cash back payment. TD Cash Back Visa Infinite wins on gas earn rate and serves those who don’t meet the $80K World Elite income requirement.

Card details current as of June 2026. Verify with the issuer before applying. See our Advertiser Disclosure.