BMO Preferred Rate Mastercard | Low Rate | Milesopedia

BMO Preferred Rate Mastercard®*

BMO Preferred Rate Mastercard®*
Welcome Bonus
Get 0.99% interest for up to 9 months on balance transfers
Annual Fee
$20
First Year Annual Fee Rebate (terms apply)
  • Low-interest
  • Balance Transfer
  • Accepted at Costco
Interest rates
Purchase Rates
12.99 %
Cash Advance Rates
15.99 %
Balance Transfer Rates
12.99 %

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 $20 annual fee for the first year*
  • Enjoy our lowest interest rate of 12.99% on purchases*
  • Purchase Protection and Extended Warranty*

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 12.99%
Balance Transfer
Balance Transfer Intro Duration 9 month(s)
Balance Transfer - Promotional Rate 0.99%
Balance Transfer Fees 2%

Value

Calculate the rewards
Your Monthly Spending
Year 1
Year 2+
Welcome Bonus
0 $
Annual Credit
Travel benefits
VIP Lounges
First Year Annual Fee Rebate
-
First year offer value
Rewards Earned
Annual fee
Net value

Advantages

Costco

Earnings

Per dollar of purchases

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

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

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 offers:

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