BMO Preferred Rate Mastercard®*

Welcome Bonus
Get a 0% interest rate on balance transfers for 18 months
  • First Year Annual Fee Rebate
  • Low-interest
  • Balance transfer
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 Preferred Rate Mastercard®*
BMO Preferred Rate Mastercard®*
Get a 0% interest rate on balance transfers for 18 months
Apply Now

Offer

Get a 0% introductory interest rate on balance transfers for 18 months (2% transfer fee applies) and a waiver of the $29 annual fee for the first year*.

  • Get the lowest interest rate: 13.99% on purchases*
  • Free* extended warranty insurance and purchase protection insurance
  • Add another cardholder for free*
  • Zero Liability Protection: You are protected against unauthorized use of your card*
  • Card acceptance at more than 30 million merchants worldwide*
  • Enjoy three months of Instacart+ membership and a $5 monthly Instacart credit when you sign up with your eligible BMO credit card*

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%
Balance Transfer
Balance Transfer Intro Duration 18 month(s)
Balance Transfer - Promotional Rate 0.00%
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 BMOMD Preferred Rate MastercardMD* is an excellent option for those who want to reduce interest charges or pay off a balance faster.

With this offer, you get a 0% introductory interest rate on balance transfers for 18 months, with a 2% transfer fee and no annual fee for the first year.

The card also offers one of BMO’s lowest interest rates, at 13.99% on purchases, which may be appealing if you occasionally carry a balance on your card.

With the BMOMD Preferred Rate MastercardMD*, you also get:

  • Extended warranty insurance and purchase protection insurance*
  • The option to add another cardholder for free*
  • Zero Liability Protection, which protects you against unauthorized transactions*
  • A card accepted at more than 30 million merchants worldwide*
  • Three months of Instacart+ membership plus a $5 monthly Instacart credit with an eligible card*

Frequently Asked Questions

Alternative Cards

3.5

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