Annual fee
CA$29
Rewards rate
N/A
Welcome Bonus
0% introductory balance transfer rate
Apply Now →on BMO's website
- No rewards breakdown available
Welcome Bonus:
Get a 0% introductory interest rate on Balance Transfers for 9 months with a 0.99% transfer fee.
Reward Rate:
N/A
This card shines for its low interest rate and the ability to transfer balances at 0% for the first 9 months, making it an excellent choice for those looking to consolidate debt.
Pros:
- Low interest rate
- Good for balance transfers
Cons:
- Annual fee applies
- No rewards program
The BMO Preferred Rate Mastercard is well-suited for individuals seeking to manage or consolidate existing debt, thanks to its low interest rate and introductory offer of 0% on balance transfers for the first nine months. With a modest annual fee, this card may appeal to those prioritizing financial stability over rewards.