BMO Preferred Rate Mastercard®*

BMO Preferred Rate Mastercard®*

A Low-Interet Credit Card.

For a limited time, Get a 3.99% introductory interest rate on Balance Transfers for 9 months with a 1% transfer fee with this offer!

Welcome Bonus


Best For

Year 1


Years 2 and +


Annual Fee


First Year Annual Fee Rebate (terms apply)
Interest rates
Purchase Rates

12.99 %

Cash Advance Rates

15.99 %

Balance Transfer Rates

3.99 %

Your Monthly Spending


  • Get a 3.99% introductory interest rate on Balance Transfers for 9 months* with a 1% transfer fee* and we’ll waive the $20 annual fee for the first year.*
  • 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*

Fees & Conditions

Personal Income $15,000
Household Income $15,000
Annual Fee $20
First Year Annual Fee Rebate
First Additional Card $0
Foreign Transaction Fee 2.5%
Purchase Rates 12.99%
Cash Advance Rates 15.99%
Balance Transfer Rates 3.99%
Balance Transfer
Balance Transfer Intro Duration 9


Year 1
Years 2 and +
Welcome bonus
0 $
Annual credit
Travel benefits
VIP lounges
First Year Annual Fee Rebate
First-Year Offer Value
Accumulated rewards
Annual fee
Net value

Reward points value

We have established a valuation of the reward point in cents for each loyalty program. More information on the points valuation page.

First-year value

For all credit cards offers, we estimate the value of the welcome offer (bonus, annual fee rebate) in the first year, plus the value of the rewards earned based on your purchases entered in the calculator for the six categories:

  • Grocery
  • Gas/Transit
  • Meals
  • Travel
  • Bills
  • Other purchases

First-Year Net Value = Welcome Bonus Value + Benefits (Annual Credit, VIP lounges, etc.) + Earned Rewards First-Year Annual Fee

Value of subsequent years

For the value of subsequent years, we consider the earned rewards based on your purchases indicated in the calculator and any benefits offered.

Subsequent years’ net value = Earned Rewards + Benefits (Annual Credit, VIP lounges, etc.) Annual fee

VIP lounges:

For credit cards with complimentary airport lounge access, this benefit is calculated as follows:

  • 1 access = $35
  • Unlimited access = $350 (the value of 10 annual visits)




All Spending 0.00
Drugstores 0.00
Groceries 0.00
Convenience Stores 0.00
Gas 0.00
Telecom/Internet 0.00
Local Transport 0.00
Streaming services 0.00
Dining and Food delivery 0.00
Online transactions 0.00
Recurring Payments 0.00
Office Supplies 0.00
Travel 0.00
Entertainment 0.00


Purchase Protection
Purchase Protection - Duration 90 day(s)
Extended Warranty
Extended Warranty - Duration 1 year