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.
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 :
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.