Enjoy a lower interest rate and more savings power
Welcome offer
Get a 0.99% introductory interest rate on balance transfers for 9 months with a 2% transfer fee and they’ll waive the $20 annual fee for the first year.
- Add another cardholder for free.
- Enjoy extended warranty and purchase protection.
- 24/7 emergency support anywhere in the world.**
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Priority airport services
No
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Airport lounge access
No
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Concierge service
No
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Balance protection(Optional)
No
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Purchase Security & Extended Protection Insurance
Yes
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Flight delay insurance,Baggage Insurance
No
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Vehicle rental insurance
No
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Travel accident insurance
No
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Travel medical insurance
No
- Annual Fee: $20
- Additional Card Fee: $0
- Purchases Interest Rate: 12.99%
- Cash Advance Interest Rate: 15.99%
- You're a Canadian resident
- You've reached the age of majority in your province or territory
- Zero Liability safeguards you if there is any monetary loss resulting from fraudulent card use.
- Mastercard Identity Check™* adds another layer of security to protect you when you shop online.
- BMO Alerts help confirm your transactions are really yours. They keep an eye on things like large purchases and suspicious activity.
The card offers other options you can add on:
- BMO Credit Card Balance Protection
- BMO Roadside Assistance
The BMO® Preferred Rate Mastercard®*is another great card that comes with just a $20 annual fee. With a very low-interest rate of just 12.99% and a unique option to pay just 0.99% on balance transfers for the first 9 months, this credit card is quite attractive for Canadians of all ages. Add to that the fact that you don't have to pay the $20 fee during the first year and you don't need a minimum income level and you've got one of the most affordable credit cards.
This card is perfect for people who usually carry a balance and want to save big on interest. The BMO® Preferred Rate Mastercard®* stands out from the crowd due to the appealing interest rate.
This card is also a great choice because it enables you to transfer the balances from higher-interest cards. This allows you to pay less on interest and save hundreds of dollars in the long run. If you're looking to keep things simple and benefit from a low-interest rate, then this credit card is a great option for you.
Scotiabank Value® Visa* Card review
0% introductory interest rate on Cash Advances for the first 10 months (12.99% after that; annual fee $29). Plus no annual fee in the first year.
Great reasons to get this card for your everyday purchases
Save up to hundreds of dollars a year on interest
Pay down higher interest rates balances faster
- Stay one step ahead of your balance a lower interest rate makes this card an affordable way to finance those medium to large purchases you are making.
Transfer higher rate balances and save even more
- Switch balances over from higher interest-rate credit cards to the Scotiabank Value® Visa* credit card. By consolidating your higher-rate balances on a lower-rate card, you’ll save on interest and make paying bills easier.
Author Bio
Mohamed Konate is a personal finance expert, blogger, and marketing consultant based in Toronto. He is a former financial services professional who worked at major Canadian financial institutions for many years. He managed the marketing strategy around various financial products ranging from credit cards to lines of credit. Mohamed is passionate about personal finance and holds a Bachelor's in Business Administration from the University of Quebec (Montreal) and a Master's in International Business from the University of Sherbrooke (Quebec). He is also the author of the Canadian Credit Card Guidebook.
