BMO Preferred Rate Mastercard®*

Welcome Bonus
0.99% interest rate on balance transfers for 9 months
  • Low-interest
  • Balance Transfer
  • Accepted at Costco
Annual Fee
$29
Interest rates
Purchase Rates
13.99%
Cash Advance Rates
15.99%
Balance Transfer Rates
15.99%
BMO PrefRate Mastercard RGB – for online
BMO Preferred Rate Mastercard®*
0.99% interest rate on balance transfers for 9 months
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Offer

  • Welcome offer: Get a 0.99% introductory interest rate on Balance Transfers for 9 months with a 2% transfer fee*
  • Enjoy our lowest interest rate of 13.99% on purchases*
  • Purchase Protection and Extended Warranty*

Fees & Conditions

Personal Income $0
Household Income $0
Annual Fee $29
First Additional Card $0
Foreign Transaction Fee 2.5%
Balance Transfer
Balance Transfer Intro Duration 9 month(s)
Balance Transfer - Promotional Rate 0.99%
Balance Transfer Fees 2 %

Advantages

Costco

Insurance

Travel Insurance

Insurance Name
Included
Amount
Duration
Travel Medical Insurance
Travel medical insurance up to 54 years old
Travel medical insurance up to 64 years old
Travel medical insurance 65+
Trip Cancellation Insurance
Trip Interruption Insurance
Common Carrier Travel Accident Insurance
Flight Delay Insurance
Delayed Baggage Insurance
Lost/Stolen Baggage Insurance
Auto Rental Loss/Insurance
Hotel/Motel Burglary Insurance

This section sets out the maximum coverage amounts or periods. Please review your insurance certificate for details, exclusions and limitations of your coverage, terms and conditions apply.

Other Insurance

Insurance Name
Included
Amount
Duration
Extended Warranty
1 year
Purchase Protection
90 day(s)
Mobile Device Insurance
Price Protection

Our review

The BMO Preferred Rate Mastercard is a Bank of Montreal credit card that offers a 0.99% introductory interest rate on Balance Transfers for 9 months.

There is no minimum income requirement for this BMO credit card.

You can use this low-interest credit card at Costco because it is a Mastercard credit card.

Finally, you’ll receive insurance on purchases charged to your BMO Preferred Rate Mastercard.

Frequently Asked Questions

Alternative Cards

3.5

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