BMO Preferred Rate Mastercard®* 

Welcome Bonus
0.99% interest rate on balance transfers for 9 months
  • Low-interest
  • Balance Transfer
  • Accepted at Costco
Annual Fee
$29
Interest rates
Purchase Rates
13.99 %
Cash Advance Rates
15.99 %
Balance Transfer Rates
15.99 %

BMO-PrefRate-Mastercard-RGB-for-online
BMO Preferred Rate Mastercard®*
0.99% interest rate on balance transfers for 9 months
Apply Now
Updated May 21, 2025

Offer

  • Welcome offer: Get a 0.99% introductory interest rate on Balance Transfers for 9 months with a 2% transfer fee*
  • Enjoy our lowest interest rate of 13.99% on purchases*
  • Purchase Protection and Extended Warranty*

Fees & Conditions

Personal Income $0
Household Income $0
Annual Fee $29
First Additional Card $0
Foreign Transaction Fee 2.5%
Purchase Rates 13.99%
Cash Advance Rates 15.99%
Balance Transfer Rates 15.99%
Balance Transfer
Balance Transfer Intro Duration 9 month(s)
Balance Transfer - Promotional Rate 0.99%
Balance Transfer Fees 2 %

Advantages

Costco

Insurance

Travel Insurance

Insurance Name
Included
Amount
Duration
Travel Medical Insurance
Travel medical insurance up to 54 years old
Travel medical insurance up to 64 years old
Travel medical insurance 65+
Trip Cancellation Insurance
Trip Interruption Insurance
Common Carrier Travel Accident Insurance
Flight Delay Insurance
Delayed Baggage Insurance
Lost/Stolen Baggage Insurance
Auto Rental Loss/Insurance
Hotel/Motel Burglary Insurance

There may be a daily maximum amount depending on the type of fees paid

Other Insurance

Insurance Name
Included
Amount
Duration
Extended Warranty
1 year
Purchase Protection
90 day(s)
Mobile Device Insurance
Price Protection

Alternative Cards

3.5 Milesopedia Rating