7 million Canadians have compared and saved


BMO® Preferred Rate MasterCard®*

BMO® Preferred Rate MasterCard®*

No annual fee*

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, a rate that lets you know the rate of return from your spending into rewards so that you can compare like for like. Now that's wise thinking!
$0.00 17.50% 17.50% 17.50% Good -
  • Card Details Details
  • Our Review Review

Card Details

  • Enjoy our lowest no-fee interest rate of 17.5% on purchases and cash advances*

  • Reduce interest charges even further: 11.9% rate for an additional $20 year*

  • 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

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 17.90 per cent interest rate, and no annual fee. Why pay more when you don't have to?

However, an APR of 17.90 per cent - while competitive compared to the average card APR of 19.99 per cent - is still on the higher end of the market's low interest options.

Top Features About the BMO Preferred Rate MasterCard

  • Pay less interest on your purchases after the grace period with a 17.90% interest rate.
  • Pay no annual fee.
  • Want to pay even less interest? Lower your rate to 11.90% annually with a $20 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 and product information are subject to change at any time and does not constitute financial advice. Please contact supplier for complete details.

Apply Online