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BMO Preferred Rate MasterCard Review

Whether you're shopping for clothes, a car, or groceries, credit cards are an essential tool for any shopper.

BMO Preferred Rate MasterCard
Source: BMO Preferred Rate MasterCard

Preferring low fees and high interest rates, this card is not a card you want to miss out on. The BMO Preferred Rate MasterCard is a Canadian card that offers a low annual fee and low interest rate for Canadians. It is a simple and easy alternative to carrying cash, credit cards, and other financial products that have a higher interest rate. 


BMO Preferred Rate MasterCard
CREDIT CARD
BMO Preferred Rate MasterCard
24/7 emergency Zero Liability
Access the card’s services and benefits

The card is available for anyone who is 18 years of age or older. It offers 24-hour customer service and it is accepted at over 12 million locations worldwide. It also has the MasterCard logo which means you are protected from fraud. It is an ideal card for people who want to get their finances in order but don’t want to spend too much time on their finances.

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.

  • Get it at a low interest rate

If your credit score isn’t perfect, you may be feeling a little nervous about the interest rates of your credit cards, but with a BMO Preferred Rate MasterCard, you have the advantage of a low interest rate of 15.99% maximum. Plus, it’s secured and you’ll be able to use it anywhere in the world.

  • Only has an annual fee of $20

BMO Preferred Rate MasterCard has an annual fee of just $20, so if you’re looking for something with a low cost, this might be the card for you. In addition to its low fee, it also offers a lot of benefits, including a 2.5% foreign transaction fee.

  • Any additional cardholder is free

There are a lot of benefits to this card, but the one that’s most important is that, if you have someone in your household who is not the primary cardholder, they are also free. That’s right, you can get as many as two cards in your household, free of charge.

  • Offers protection and warranty on purchases

With the card, you can save money, online experience more security, and earn more points. The card also provides protection and warranty on purchases, which is a big plus. The card also offers airport lounge access.

BMO Preferred Rate MasterCard
Source: BMO Preferred Rate MasterCard
  • Enjoy the 24/7 emergency support everywhere in the world

BMO Preferred Rate MasterCard is a credit card that offers the convenience of 24/7 emergency support and the benefits of a low annual fee. This card is designed for those who travel frequently and enjoy the added protection of emergency support.

  • There’s Zero Liability Fraud available

When you shop with your BMO Preferred Rate MasterCard, you’ll enjoy zero liability fraud protection. For example, if someone steals your card and uses it to make a purchase, you’ll be reimbursed.

Credit Card BMO Preferred Rate MasterCard 2022 Request Requirements

To apply for the BMO Preferred Rate MasterCard 2022, 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 for BMO Preferred Rate MasterCard 2022

Follow these steps to submit your application for the BMO Preferred Rate MasterCard 2022:

Visit the Official Website: Go to the BMO Preferred Rate MasterCard official website.

Navigate to Application Page: Locate and click on the ‘Apply Now’ or ‘Get Started’ button.

Fill Out the Application Form: Complete the application form with accurate personal and financial information.

Submit Required Documents: Upload any necessary documents, such as proof of income or identification.

Review Terms and Conditions: Thoroughly read and understand the terms and conditions of the credit card.

Submit Application: After confirming the information, submit your application.

Wait for Approval: The bank will review your application, and upon approval, you will receive your new BMO Preferred Rate MasterCard.


BMO Preferred Rate MasterCard 2022 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.

Are there any annual fees for the BMO Preferred Rate MasterCard?

Yes, the card may have an annual fee. Check the latest terms and conditions for specific details.

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.

Is there a grace period for payments on the BMO Preferred Rate MasterCard?

The card may offer a grace period for purchases if the balance is paid in full by the due date. Check your card agreement for details.

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.


BMO Preferred Rate MasterCard
CREDIT CARD
BMO Preferred Rate MasterCard
24/7 emergency Zero Liability
Access the card’s services and benefits

Written By

Formado em direito Especialista em economia, investimento e finanças pessoal. Seu foco é mudar a vida financeira das pessoas.