BMO Preferred Rate MasterCard

This credit card is for you, if...

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  … you prefer savings over extras.
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  ...you want easy access to cost-effective credit.

The BMO Preferred Rate MasterCard^®* also gets you:

• No annual fee

• Our lowest no-fee interest rate of 17.5%¹

• Free extended warranty and purchase protection²

Want no frills, just savings? The BMO Preferred Rate MasterCard gives you our biggest savings with no annual fee and a lower interest rate than most other credit cards. Our lower rate means it will cost less if you choose to free up cash for more urgent needs by carrying a balance.

Extended Warranty

• Save the cost of buying optional extended warranty insurance on your next purchase by paying with your BMO credit card. This coverage doubles the original manufacturer's warranty period up to a maximum of one additional year.

Purchase Protection

• Get added protection – items bought with your MasterCard are automatically insured against theft or damage for 90 days from date of purchase.

Zero Dollar Liability

• In case the unexpected should happen, enjoy free protection from both theft and the fraudulent use of your credit card. If your card is used without your authorization, you will not be liable if you notify us within 24 hours (among other criteria).
  
  Show criteria
  
  
  If your card is used without your authorization, you will not be liable if: you did not knowingly contribute to the unauthorized use; you used reasonable care to keep your card safe from loss, theft or misuse; you kept your PIN confidential and separate from your card; you notify us by telephone within 24 hours if you learn of the loss, theft or misuse of your card, or if you know or suspect that someone else knows your PIN; there has not been more than one unauthorized use of your card in the last 12 months, and your account is in good standing. If you don't meet these criteria, you will be liable for all charges incurred in connection with the unauthorized use.

Help Around the World and Lost or Stolen Card Replacement Funds from MasterCard Global Service^®

• Lost or stolen credit cards
• Emergency replacement cards or up to $1,000 in emergency funds
• Locate an ATM, and more

To save you time, here's a convenient page of resources that outlines everything you need to know about your BMO Preferred Rate MasterCard terms, costs, cardholder rights and benefits.