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Welcome offer: Get a 0% introductory interest rate on Balance Transfers for 9 months with a 0.99% transfer fee and we’ll waive the $29 annual fee for the first year.*
*Terms and conditions apply
BMO is not responsible for updating the content of this site. For the most up-to-date information, please click on the Online Application link.
Credit terms
Grace period: No interest will be charged on purchases made during the month, provided the client pays the balance in full within twenty-one (21) days of the statement date. This grace period does not apply to cash advances or balance transfers.
Minimum payment: If your account balance is lower than $10, you must pay the entire balance.
If you reside in the province of Quebec, your minimum payment is the greater of 5% of your account balance, plus any overdue amounts, or $10.
If you live outside Quebec, your minimum payment is 2.5% of your credit card balance, plus any past-due amount or $10, whichever is greater.
Account statement: A statement is sent monthly.
Example of credit charges over a 30-day period
*Variable interest rate in effect on September 1, 2021.
Balance transfer and cash advance are subject to credit approval by National Bank. Each balance transfer must be at least $250.
The $5,000 and $8,000 limit will reset to zero annually on January 1.
Cash back details
All eligible purchases earn 1% cash back as long as your account is in good standing. Your account is in good standing when you meet the obligations of your credit card agreement (e.g. make the minimum payment by the due date). The cashback will be paid as a credit applied to your account and cannot be paid in cash. An additional 0.5% cash back is awarded on the first $25,000 in eligible online, gas, and grocery purchases charged annually to your credit card account. The additional 0.5% cash back does not apply when the balance of eligible annual purchases exceeds $25,000. Beyond this amount, the cash back is 1% on all types of eligible purchases. For conditions and restrictions applying to cash back and for the detailed list of codes associated with participating merchants, consult the Accumulation Grid [PDF] and the Applicable Rules [PDF].
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