Enjoy a lower interest rate and more savings power
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
- Priority airport services No
- Airport lounge access No
- Concierge service No
- Balance protection(Optional) No
- Purchase Security & Extended Protection Insurance Yes
- Flight delay insurance,Baggage Insurance No
- Vehicule rental insurance No
- Travel accident insurance No
- Travel medical insurance No
- Annual Fee: $20
- Additional Card Fee: $0
- Purchases Interest Rate: 11.9%
- Cash Advance Interest Rate: 11.9%
- You're a Canadian resident
- You've reached the age of majority in your province or territory
- Extended Warranty coverage, doubling the original manufacturer's warranty period up to a maximum of one additional year.
- Purchase Protection to insure against theft or damage for 90 days from the date of purchase.
- 15% off admission to Cirque du Soleil shows touring Canada, and 20% off resident shows in Las Vegas
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.