Rewards

BMO Preferred Rate Mastercard®*

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Minimum Annual Income
Required Credit Score 630
Canadian Residency Yes

BMO Preferred Rate Mastercard®*

Welcome Offer

Get a 0% introductory interest rate on Balance Transfers for 9 months with a 0.99% transfer fee and we'll waive the $29 annual fee for the first year*. *Conditions apply.

$0 First Year Value
$0 Consecutive Years Value
Annual Fees $29 (First year rebated)
Interest Rates
13.99% on purchase 15.99% on cash advance 15.99% on balance transfer
BMO Preferred Rate Mastercard®* - BMO

Estimated rewards for the first year*

Total Reward: $0
Entertainment: $0
Gas: $0
Groceries: $0
Restaurants: $0
Other: $0
Annual Fee: $0
Total: $0
* The calculated estimated expenses are based on typical monthly spending, including approximately $100 for entertainment, $500 for gas, $600 for groceries, $550 for other miscellaneous costs, and $500 for restaurants, or on the amounts entered by the user in the expense calculator on this page, if provided.
BMO Preferred Rate Mastercard®* - BMO

Estimated rewards for subsequent years*

Total Reward: $0
Entertainment: $0
Gas: $0
Groceries: $0
Restaurants: $0
Other: $0
Annual Fee: $29
Total: -$29
* The calculated estimated expenses are based on typical monthly spending, including approximately $100 for entertainment, $500 for gas, $600 for groceries, $550 for other miscellaneous costs, and $500 for restaurants, or on the amounts entered by the user in the expense calculator on this page, if provided.

Reward Calculator

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Net Annual rewards the fisrt year

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Net Annual rewards the subsequent years

Special Features

01

Personal credit card with a low interest rate

This personal low-interest credit card has the lowest BMO interest rate of 13.99% for purchases and 15.99% on cash advances, making it perfect for those who want to save money on interest charges.

02

Free additional card

Cardholders can add a supplementary cardholder to their account at no extra cost. This means they can share the benefits and rewards of their account with a family. No matter where they shop, the supplementary cardholder will also enjoy the low preferred rate on purchases.

Card Benefits

Worldwide customer service

BMO cards come with 24/7 customer support anywhere in the world.

Card Insurance

Extended warranty

Extended Warranty Insurance by BMO doubles the original manufacturer’s warranty to a maximum of 1 additional year.

Purchase protection

Shop confidently with Purchase Security Insurance which provides up to 90 days of coverage against theft or damage of covered items from the date of purchase.

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