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BMO® Preferred Rate Mastercard®*

BMO® Preferred Rate Mastercard®*

Welcome Offer: Get a 3.99% introductory interest rate on Balance Transfers for 9 months*, 1% fee applies to balance amounts transferred*

Our Rating:
Annual Fee Interest Rate Balance Transfer Cash Advance Credit Score Good: -- I've had a credit card, or loan for 6+ years. I've had good credit for the last 7 years (no bankruptcies or no defaults on credit as a result of failing to pay debts back to creditors). I haven't opened a new credit card account, loan, or line of credit in the last nine months. I've made the minimum payments on my existing credit cards for the past three months. Rewards Are all rewards created equal? From points, to miles, to cash back – how do you know how much you’re really getting? To help you find the best rewards card, we’ve created the Your Reward Return, an estimate on the dollar value of your rewards based on your monthly spend so that you can compare like for like. Now that’s wise thinking!
$20.00 12.99% 12.99% 12.99% Good -
  • Card Details Details
  • Our Review Review

Card Details

  • Welcome Offer: Get a 3.99% introductory interest rate on Balance Transfers for 9 months*, 1% fee applies to balance amounts transferred*

  • Enjoy our lowest interest rate of 12.99% on purchases and cash advances*

  • Free extended warranty and purchase protection*

  • Zero Dollar Liability: protects you from unauthorized use of your credit card*

  • Worldwide acceptance at over 30 million locations*

  • We're making some changes to interest rates. Read more information: https://www.bmo.com/main/personal/credit-cards/preferred/single


BMO is not responsible for maintaining the content on this site. Please click on the Apply now link for the most up to date information

*Terms and conditions apply

Features and Benefits

  • Purchase protection and extended warranty

RateSupermarket.ca's Review

Credit card use rule #1 - avoid carrying a balance! But if you find yourself needing to rely on your revolving debt from time to time, a low-interest credit card can help lower your debt costs. The BMO Preferred Rate MasterCard offers a 11.90 per cent interest rate, and low annual fee. Why pay more when you don't have to?


Top Features About the BMO Preferred Rate Mastercard


  • Pay less interest on your purchases after the grace period with a 11.90% interest rate.
  • Low annual fee.


  • Includes Extended Warranty, Purchase Protection
  • Mastercard Global Service for lost or stolen cards
  • BMO MasterPass


  • No insurance add-ons are included with this card, though they can be added on for an additional fee

Rate, product information and rewards estimate are subject to change at any time and does not constitute financial advice. Please contact supplier for complete details

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