BMO® U.S. Dollar Mastercard®* Review
Shop in U.S. dollars and avoid exchange rate surprises with the BMO U.S. Dollar Mastercard.
Annual fee rebate
When your purchases total U.S. $1,000 or more in a year, next year's annual fee is rebated to your card.
Pay in U.S. dollars
Avoid fluctuating exchange rates. Make your purchases in U.S. dollars and pay your credit card statement in U.S. funds.
Accepted worldwide
Mastercard is accepted at over 30 million locations in the U.S., Canada and worldwide.
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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: $35
- Additional Card Fee: $0
- Purchases Interest Rate: 19.99%
- Cash Advance Interest Rate: 22.99%
- You're a Canadian resident
- You've reached the age of majority in your province or territory
- Add another cardholder for free.
- Shop confidently with an extended warranty and purchase protection.
- Get 15% off admission to Cirque du Soleil shows touring Canada, and 20% off resident shows in Las Vegas.
Security
- 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.
BMO® U.S. Dollar Mastercard®* will help to eliminate need for currency conversion when you pay in USD. U.S. dollar credit cards are good for those who :
- Regularly make purchases in the U.S. (either online or in person
- Who regularly travel to the U.S
- Who live in the U.S for few month each year(Snowbirds)
The BMO® U.S. Dollar Mastercard®* is a totally unique travel card aimed to enable Canadians who frequently travel in the US to enjoy amazing discounts. For just $35 a year, you can use this card to shop in US dollars and avoid any unpleasant exchange rate fees. You can also use this card safely from Canada and pay in US dollars, especially if you make lots of purchases from US-based sites.
With any other card, you're paying around 3% more in exchange fees from $CAD to $US. This fee can top up pretty fast. For example, for purchases worth $5,000, you'll pay an extra fee of over $150. That's where the BMO U.S. Dollar Mastercard comes in, enabling you to completely eliminate the need for paying exchange fees.
This card makes the most sense for Canadians who earn their salaries in US dollars, purchase on a regular basis from US-based sites, or travel a lot down South. As long as you spend over $1,000, the $35 annual fee will be waived, so you can enjoy even higher savings.
Earn Rewards with Every Purchase You Make. Redeem for Cash Back, Travel, Gift Cards and More.
Make your transaction in U.S. dollar and avoid daily currency fluctuationsEarn 1 RBC Rewards point for every $1 spent on your card
Redeem your RBC Rewards points for cash back( 1%)
No annual fee
Our experts have compiled a list of the best cards in Canada in each major category, from cash back and low rate to balance transfers and more. Explore our top picks and find the best credit card for you.
No currency conversion fees for U.S. dollars purchases
Your purchases are charged and paid for in USD
Earn up to 2,500 Aventura Points
Find out where your points can take you.
Extra protection on most new purchases
90-day protection with Purchase Security Insurance if your new purchase is lost, stolen or damaged
Get Free Stuff Every time you make a purchase with your card, you automatically earn RBC Rewards point that you can redeem for travel, cash back, gift cards, merchandise and more
Pool and Transfer Points
Get the rewards you want faster by pooling points with friends and family. You can also transfer them to your Canadian RBC Royal Bank account
So Many Rewards to Choose From!
Redeem points for gift cards at some of your favorite spots like Amazon, Best Buy, Publix, Panera and Starbucks. You can also redeem for the latest gadgets from today's hottest brands
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.
