BMO Preferred Rate Mastercard®*  🇨🇦

Welcome Bonus
Get 0.99% interest for up to 9 months on balance transfers
Ends Jun 1, 2025
  • Low-interest
  • Balance Transfer
  • Accepted at Costco
Annual Fee
$29
First Year Annual Fee Rebate (terms apply)
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®*
Get 0.99% interest for up to 9 months on balance transfers
Ends Jun 1, 2025
Apply Now
Updated Aug 27, 2024

Offer

  • Welcome offer: Get a 0.99% introductory interest rate on Balance Transfers for 9 months with a 2% transfer fee* and we’ll waive the $29 annual fee for the first year.*
  • 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 Year Annual Fee Rebate
First Additional Card $0
Foreign Transaction Fee 2.5%
Purchase Rates 13.99%
Cash Advance Rates 15.99%
Balance Transfer Rates 15.99%
Balance Transfer
Balance Transfer Intro Duration 9 month(s)
Balance Transfer - Promotional Rate 0.99%
Balance Transfer Fees 2 %

Advantages

Offer ends on Jun 1, 2025
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

There may be a daily maximum amount depending on the type of fees paid

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:

  • 0.99% introductory interest rate on Balance Transfers for 9 months
  • First-year annual fee waiver

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 Milesopedia Rating

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