BMO Preferred Rate Mastercard®
BMO · MASTERCARD
The BMO Preferred Rate Mastercard® is a credit card from BMO on the MASTERCARD network. It has an annual fee of C$29. The welcome offer is Get a 0% introductory interest rate on Balance Transfers for 18 months with a 2% transfer fee and we’ll waive the $29 annual fee for the first year.
Key facts
- Annual fee
- C$29
- Purchase APR
- 13.99%
- Network
- MASTERCARD
- Welcome offer
- Get a 0% introductory interest rate on Balance Transfers for 18 months with a 2% transfer fee and we’ll waive the $29 annual fee for the first year.
Benefits and perks
- Lower costs keep more money in your pocket
- Our lowest interest rate: A lower interest rate means that if you carry a balance on your credit card, you'll pay less in interest charges than other cards.
- Save more with a Performance chequing account
- BMO PaySmart™ Installment Plans: Live now, pay smarter with a BMO PaySmart plan by turning your credit card purchases into smaller, monthly payments at a low cost.
Rates and fees
Annual membership fee: C$29. Purchase APR: 13.99%, based on creditworthiness and the Prime Rate. Cash advance APR: 15.99%.
Rates and fees as published by the issuer and recorded on 8 Sept 2026. See the issuer's terms for current rates. View the issuer's terms
Questions about the BMO Preferred Rate Mastercard®
What is the annual fee on the BMO Preferred Rate Mastercard®?
The BMO Preferred Rate Mastercard® has an annual fee of C$29.
Is the BMO Preferred Rate Mastercard® worth it?
The BMO Preferred Rate Mastercard® is worth it when the rewards you would earn on your own spending exceed its annual fee. Upload a statement to Woodo and the calculation runs against your real categories rather than an assumed budget.
Community
Approval and real earn reports from cardholders are coming to this page soon.
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