- No rewards breakdown available
Get a 0% introductory interest rate on Balance Transfers for 9 months with a 0.99% transfer fee and we'll waive the $29 annual fee for the first year.
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A key differentiator is the BMO Preferred Rate Mastercard's low interest rate, which is particularly beneficial for those who may carry a balance. The introductory offer on balance transfers further enhances its appeal for managing existing debt.
Pros:
- Low interest rate
- No annual fee for the first year
Cons:
- Limited rewards
- Higher cash advance rate
The BMO Preferred Rate Mastercard is a suitable option for individuals who may carry a balance and are looking for a card with a low interest rate, as well as those seeking to manage existing debt through balance transfers. With its low annual fee and lack of a rewards program, it is best for those prioritizing cost savings over earning rewards.