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HomePersonal BankingWealth ManagementSmall BusinessCommercialCorporate & InstitutionalAbout BMO

BMO Preferred Rate MasterCard

No frills, just savings – enjoy our biggest savings with no annual fee and our lowest interest rate.

  • SAVE EVEN MORE

    SAVE EVEN MORE
     

    A lower rate means savings for you during those times when you may need it.

  • OUR LOWEST INTEREST RATE

    OUR LOWEST
    INTEREST RATE

    Reduce interest charges even further with our Low Interest Rate Option.

  • NO ANNUAL FEE

    NO ANNUAL FEE
     

    Pay no annual fee1 – and we don't just mean in the first year

The BMO Preferred Rate MasterCard gets you:

Our lowest no-fee interest rate of 17.5%1 - or reduce interest charges even further to 11.9% for $20/year2

Free extended warranty and purchase protection3

Fees and Rates:

No Annual Fee
17.5% interest rate

Card Details

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.

  • Pay no annual fee
  • Enjoy our lowest interest rate:
    17.5% (with no annual fee)1
  • Get free extended warranty and purchase protection with your BMO MasterCard
    Items bought with your MasterCard are automatically insured against theft for 90 days. And you save the cost of buying extended warranty insurance – you're already covered3
  • Enjoy free Zero Dollar Liability protection
    For both theft and fraudulent use of your credit card4

    Insurance and Protection

    Feel protected wherever you are – with the exclusive insurance and protection that comes with your BMO Preferred Rate MasterCard:

    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.
    Download insurance certificate (PDF) for full-coverage details.

    Purchase Protection

    • Get added protection – items bought with your card are automatically insured against theft or damage for 90 days from date of purchase.
    Download insurance certificate (PDF) for full-coverage details.

    Zero Dollar Liability

    • In case the unexpected should happen, enjoy free protection from both theft and the fraudulent use of your 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

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


    Enjoy peace of mind when travelling around the world. You can call us 24 hours a day, 365 days a year and we'll connect you with a representative who speaks your language, and can help with:

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

    The Fine Print

    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.

    Important Information on Rates and Fees

    Cardholder Agreement

    Footnotes

    • A detailed explanation of the specific rules and provisions (including key features and insurance) that govern your
      BMO Preferred Rate MasterCard.
    • INCLUDED FEATURES

      INCLUDED FEATURES

      Every BMO MasterCard® comes loaded with valuable features.

    • OPTIONAL COVERAGE

      OPTIONAL COVERAGE

      We offer additional insurance coverage options to take the worry out of your trips.

    • ADDITIONAL SECURITY

      ADDITIONAL SECURITY

      Feel protected wherever you are with the exclusive security features that comes with your BMO MasterCard.

    Ready to apply?