Offers
Welcome Bonus
Eligible new applicants for the BMO Preferred Rate Mastercard can receive a welcome bonus of:
- Get a 0% introductory interest rate on Balance Transfers for 9 months with a 0.99% transfer fee and waived $29 annual fee for the first year.
FlyerFunds Rebate
Plus, if you apply for the BMO Preferred Rate Mastercard through Frugal Flyer and are approved, you can receive an additional $50 paid directly to you.
Fees & Eligibility
| Personal Income | $0 |
| Household Income | $0 |
| Annual Fee | $29 |
| Foreign Exchange Fee | 2.50% |
| Purchase Rate | 13.99% |
| Cash Advance Rate | 15.99% |
| Balance Transfer Rate | 15.99% |
Insurance Coverage
The BMO Preferred Rate Mastercard offers two types of insurance coverage:
- Purchase security insurance: Coverage for accidental physical damage or theft for 90 days from the date of purchase
- Extended warranty insurance: Extend the manufacturer’s original warranty up to one additional year
Refer to the certificate of insurance for additional details, including terms and conditions for eligibility.
Other BMO Cards
| Credit Card | ||
|---|---|---|
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200,000 BMO Rewards points and $100 FlyerFunds Estimated value: $1,440 Ends Oct 31, 2026 |
|
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70,000 VIPorter points and $125 FlyerFunds Estimated value: $1,175 Ends Oct 31, 2026 |
|
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115,000 BMO Rewards points and $175 FlyerFunds Estimated value: $946 Ends Apr 30, 2026 |
|
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40,000 VIPorter points and $100 FlyerFunds Estimated value: $700 Ends Oct 31, 2026 |
|
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$480 cash back and $125 FlyerFunds Estimated value: $605 Ends Oct 31, 2026 |
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