Annual fee
CA$29
Rewards rate
N/A
Welcome Bonus
0% for 9 months
Apply Now →on BMO's website
- No rewards breakdown available
Welcome Bonus:
0% introductory interest rate on balance transfers for 9 months with a 0.99% fee.
Reward Rate:
N/A
This card shines for its low interest rate and balance transfer offer, making it a solid choice for individuals looking to manage their debt effectively.
Pros:
- Low interest rate
- Good for debt management
Cons:
- Annual fee applies
- No rewards
The BMO Preferred Rate Mastercard is particularly suitable for those seeking a low-interest option to manage existing debt or make balance transfers, especially given its modest annual fee and introductory 0% interest rate for nine months. However, it may not appeal to consumers focused on rewards or cash back, as it does not offer a rewards program.