Welcome Offer: Get a 3.99% introductory interest rate on Balance Transfers for 9 months with a 1% transfer fee.$20 annual fee waived for the first year
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 3.99% 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 in 2020.
This card is perfect for people who usually carry a balance and want to save big on interest, and also for people who might have lost their jobs during the COVID-19 crisis. The BMO® Preferred Rate Mastercard®* stands out from the crowd due to the appealing interest rate, which is 7% lower than the market average.
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 perfect for you.