- No rewards breakdown available
0% introductory interest rate on balance transfers for 18 months (with a 3% transfer fee) and waives the $29 annual fee for the first year.
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The BMO Preferred Rate Mastercard is particularly attractive for those looking to save on interest with its 0% introductory rate on balance transfers. Its low annual fee and straightforward terms make it a solid choice for managing credit effectively.
Pros:
- Low interest rates
- Waived annual fee for the first year
Cons:
- No rewards program
- Standard rates apply after the intro period
The BMO Preferred Rate Mastercard is best suited for individuals seeking to minimize interest costs, particularly those planning to transfer existing balances, given its 0% introductory interest rate on such transfers. With a low annual fee and no rewards program, this card is ideal for consumers focused primarily on efficient credit management rather than earning rewards.