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The best BMO credit cards in Canada 2024
– moneysense.ca
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The best BMO credit cards in Canada for 2024
Discover the best of BMO’s credit card offerings, including recommended cards for travellers and students, as well as the most attractive no-fee, cash back and low APR cards.
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Why trust us
MoneySense is an award-winning magazine, helping Canadians navigate money matters since 1999. Our editorial team of trained journalists works closely with leading personal finance experts in Canada. To help you find the best financial products, we compare the offerings from over 12 major institutions, including banks, credit unions and card issuers. Learn more about our advertising and trusted partners.
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BMO Preferred Rate Mastercard review
– moneysense.ca
Low interest credit cards are more valuable than cash back or rewards cards for people who tend to run a balance. At the regular rate of around 19.99% that most credit cards charge on unpaid balances, interest can add up fast and cancel out any other rewards you might be generating. With a regular interest rate of 12.99%, the BMO Preferred Rate Mastercard can help keep more of your money in your pocket, and its balance transfer promotion can help you pay down debt from your other, higher-interest, cards.
With BMO as the card issuer, the Preferred Rate Mastercard is also ideal for those who prefer keeping all their accounts with a single provider, or who like their card to be affiliated with one of the big banks.
BMO Preferred Rate Mastercard*
featuredBMO Preferred Rate Mastercardgo to site
Annual fee: $29
Interest rate: 13.99% on purchases
Welcome offer: You can earn a 0.99% introductory interest rate on Balance Transfers for 9 months with a 2% transfer fee.
Annual income requirement: $15,000 (personal or household)
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CARD DETAILS
Recommended credit score for approval: 660 or higher
Interest rates: 15…
