BMO Preferred Rate MasterCard Review

The BMO Preferred Rate MasterCard offers a lower annual interest rate on purchases compared to many other credit cards, providing cardholders with a cost-effective solution for managing their finances.

The BMO Preferred Rate MasterCard is a solid choice for individuals looking for a low-interest credit card with practical features and affordability. This card stands out with its competitive interest rate, making it an attractive option for those who carry a balance and want to minimize interest charges.

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In addition to its low-interest rate, the BMO Preferred Rate MasterCard offers simplicity and ease of use. With no annual fee and a focus on affordability, the BMO Preferred Rate MasterCard is ideal for individuals seeking a straightforward credit card that prioritizes low interest rates and practical features. This card is especially beneficial for those who carry a balance from month to month and want to minimize interest costs while maintaining flexibility in their spending.

Benefits of BMO Preferred Rate MasterCard

If you’re looking for a credit card that offers a low interest rates and provides a variety of benefits, then the BMO Preferred Rate MasterCard is the perfect option for you. Learn everything you need to know about this high-end credit card here.

• Intro offer

The BMO Preferred Rate MasterCard offers a promotional interest rate of 0.99% on balance transfers for 9 months. This allows cardholders to consolidate higher-interest balances from other cards onto the BMO Preferred Rate MasterCard, providing a cost-effective way to manage existing debt and save on interest charges.

• Low interest rate

The BMO Preferred Rate MasterCard offers a low maximum interest rate of 13.99%, making it a secure and versatile option for global use, even if your credit score isn’t perfect. This card provides peace of mind with its accessible interest rate and widespread acceptance.

• Low annual fee

The BMO Preferred Rate MasterCard stands out for its low annual fee ($20), making it an affordable option for cardholders looking to minimize costs without sacrificing essential features. With a modest annual fee, this credit card offers accessibility and value, particularly for individuals who prioritize affordability in their financial choices.

• Gas discount

With the BMO Preferred Rate MasterCard, cardholders can save up to 7 cents per litre on fuel purchases at Shell gas stations. This exclusive discount adds value to everyday spending on fuel, providing significant savings at the pump for cardholders.

• Free additional card

With the BMO Preferred Rate MasterCard, you can receive an additional card at no extra cost. This feature allows you to share the benefits and convenience of the card with a family member or trusted individual, making it easy to manage expenses and earn rewards collectively. The free additional card adds value to the cardholder experience, enhancing flexibility and usability for everyday spending.

• Extended Warranty

The BMO Preferred Rate MasterCard includes one year of Extended Warranty coverage, offering protection for eligible purchases beyond the manufacturer’s warranty period. This benefit extends peace of mind by covering mechanical breakdowns and defects, enhancing the value of using the card for everyday purchases.

• Purchase Protection

The BMO Preferred Rate MasterCard includes Purchase Protection, which covers eligible purchases against loss, theft, or damage for up to 90 days from the date of purchase. This feature provides cardholders with added peace of mind while shopping, ensuring that their purchases are safeguarded against unexpected incidents.

• 24/7 emergency support

The BMO Preferred Rate MasterCard is an ideal credit card choice for frequent travelers seeking 24/7 emergency support and the advantages of a low annual fee. With its focus on travel-friendly features and affordability, the BMO Preferred Rate MasterCard is a practical option for individuals who prioritize both security and value in their credit card selection.

• Zero Liability Fraud

The BMO Preferred Rate MasterCard offers Zero Liability Fraud protection, providing cardholders with peace of mind and security against unauthorized transactions. This feature ensures that cardholders are not held responsible for unauthorized purchases made with their card, offering comprehensive fraud protection and enhancing confidence in using the card for everyday transactions.

Who can apply?

To apply for the BMO Preferred Rate MasterCard, applicants must meet the following requirements:

1. Credit Score: A good to excellent credit score is typically required for approval.
2. Age: Applicants should be at least 18 years old.
3. Income: A minimum income threshold may apply.
4. Residency: The applicant should be a resident of the United States.
5. Identification: Valid government-issued identification is necessary.
6. Financial Information: Provide accurate financial details, including income, employment, and existing debts.

How to apply?

Applying for a BMO Preferred Rate MasterCard is easier than you think:

1. Go to the BMO website and look for BMO Preferred Rate MasterCard
2. Click on Apply Now
3. Read Terms and Conditions
4. Fill your personal and financial details
5. Submit your application

BMO Preferred Rate MasterCard FAQs

What is the preferred interest rate for the BMO MasterCard?

The preferred interest rate for the BMO MasterCard is variable and based on the applicant’s creditworthiness.

How long does it take to receive approval for the credit card?

Approval times vary, but applicants typically receive a response within a few business days.

Can I manage my BMO Preferred Rate MasterCard account online?

Yes, the cardholder portal allows you to manage your account, view transactions, and make payments online.

Does the BMO Preferred Rate MasterCard offer any rewards or cash back?

The BMO Preferred Rate MasterCard is primarily designed as a low-interest credit card and may not offer traditional rewards or cash back programs.

These FAQs are for informational purposes only. Please refer to the official documentation and contact BMO customer service for the most accurate and up-to-date information.

CREDIT CARD

BMO Preferred Rate MasterCard

24/7 emergency Zero Liability

Access the card’s services and benefits

APPLY NOW You will be redirected