BMO® U.S. Dollar Mastercard®* Review
Shop in U.S. dollars and avoid exchange rate surprises with the BMO U.S. Dollar Mastercard.
When your purchases total U.S. $1,000 or more in a year, next year's annual fee is rebated to your card.
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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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Vehicule 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
- 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.
- Acceptance at over 30 million locations in the U.S., Canada and worldwide.
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.
Welcome offer
Apply for an HSBC +RewardsTM Mastercard® by January 31, 2022 and earn 30,000 Points ($150 travel value) when you spend $2,000 in the first 180 days of account opening*, and get a 1st Year annual fee rebate for Primary Cardholder*($25 value)
This offer is only available to residents of Canada other than the province of Quebec (Quebec residents eligible for separate offer).
Earn 1 RBC Rewards point for every U.S. dollar you spend
Extensive insurance coverage including trip cancellation and 24/7 travel assistance
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
Author Bio
Mohamed Konate is a personal finance expert, blogger, and marketing consultant based out of Toronto. He is a former financial services professional who worked for many years at major Canadian financial institutions where 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 in Business Administration from the University of Quebec (Montreal) and a Master in International Business from the University of Sherbrooke (Quebec).He is also the author of the Canadian Credit Card Guidebook.
