For individuals prioritizing minimal fees and favorable interest rates, the BMO Preferred Rate MasterCard stands as an unmissable financial tool.

Tailored for Canadians, this credit card offers a low annual fee and an advantageous interest rate, presenting a straightforward alternative to conventional cash and credit transactions with higher interest implications.

Accessible to individuals aged 18 and above, the BMO Preferred Rate MasterCard provides 24-hour customer service and global acceptance at over 12 million locations, accompanied by the security assurance of the MasterCard logo.

This card is an ideal choice for those seeking financial efficiency without the burden of extensive time commitment.

Advantages of BMO Preferred Rate MasterCard

A woman using the the BMO Preferred Rate Mastercard.

If you desire a credit card combining low interest rates with a spectrum of benefits, the BMO Preferred Rate MasterCard proves to be the optimal choice.

Explore the key features of this premium credit card.

  • Low Interest Rate Advantage

Navigating the concerns of imperfect credit scores becomes more manageable with the BMO Preferred Rate MasterCard, offering a secured option with a maximum interest rate of just 15.99%.

This advantage extends globally, ensuring usability wherever you go.

  • Nominal Annual Fee of $20

With a modest annual fee of $20, the BMO Preferred MasterCard presents an economical option.

Beyond its cost-effectiveness, the card boasts additional benefits, including a meager 2.5% foreign transaction fee.

  • Complimentary Additional Cardholders

One standout feature is the inclusion of free additional cardholders within the same household, allowing for up to two supplementary cards without incurring extra charges.

  • Purchase Protection and Warranty

Beyond financial savings and enhanced online security, the BMO Preferred MasterCard provides added value through purchase protection and warranty coverage.

This card also opens the door to airport lounge access.

  • 24/7 Global Emergency Support

Designed for frequent travelers, the card ensures convenience with round-the-clock emergency support, complemented by the advantage of a low annual fee.

  • Zero Liability Fraud Protection

Enjoy peace of mind when using the BMO Preferred Rate MasterCard, thanks to zero liability fraud protection.

In the event of card theft and unauthorized purchases, reimbursement is guaranteed.


Application Requirements

To initiate the application process for the BMO Preferred MasterCard, applicants must meet the following criteria:

  1. Credit Score: A good to excellent credit score is generally expected for approval.
  2. Age: Applicants should be at least 18 years old.
  3. Income: Meeting a minimum income threshold may be necessary.
  4. Residency: Applicants must be residents of the United States.
  5. Identification: A valid government-issued identification document is essential.
  6. Financial Information: Provide accurate details regarding income, employment, and existing debts.


How to Apply for BMO Preferred Rate MasterCard 2022

Follow these steps to successfully submit your application for the BMO Preferred Rate MasterCard in 2022:

Visit the Official Website: Access the official BMO Preferred Rate MasterCard website.

Navigate to Application Page: Click on the ‘Apply Now’ or ‘Get Started’ button.

Complete the Application Form: Fill out the application form with precise personal and financial details.

Submit Required Documents: Upload necessary documents, such as proof of income or identification.

Review Terms and Conditions: Thoroughly understand the terms and conditions associated with the credit card.

Submit Application: After confirming the provided information, submit your application.

Wait for Approval: The bank will review your application, and upon approval, you will receive your new BMO Preferred MasterCard.