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BMO Preferred Rate MasterCard credit card reviews

BMO Preferred Rate MasterCard credit card details and credit card application link.

BMO Preferred Rate MasterCard is a financial product of the Bank of Montreal, suitable for individuals who look for a low interest rate credit card. It comes with no annual fee, interest rate of 17.5 percent, or a low interest rate of 11.9 for additional cost of $20 a year. Card holders can get cash advances at over one million ATMs globally and enjoy purchase protection and extended warranty for their purchases. Supplementary cards come free-of charge. The zero liability policy protects clients from unauthorized use of their account. In addition to the grace period of 21 days, there are included features such as chip technology for secure use, MasterCard PayPass, theft identity assistance, BMO pay-as-you-go RoadAssist, help around the world, online account access, and toll-free customer service.

The list of optional features includes BMO Total and Travel Medical Protection, BMO 31-Day Medical Protection, BMO 17-Day Medical Protection, BMO Travel Protection with Trip Cancellation, Credit Alert, and CreditAssistPlus. With the 17-Day Medical Protection, for example, card holders enjoy year round coverage for their whole family, up to $5000 in private duty nurse costs, coverage of up to $2 million in eligible costs, emergency dental expenses, emergency air transportation, and emergency ambulance, hospital, and medical expenses. Under the BMO Travel Protection with Trip Cancellation, card holders are covered against baggage loss, damage, or delay up to $750. The insurance package applies to trip cancellations, trip delays and interruptions, and common carrier accidental death. The insurance covers an unlimited number of travels a year. With the CardAssistPlus, clients can make toll-free calls and request the cancellation of registered cards or have a new card issued. The service costs $39.95 a year or 69.95 for two years. The Credit Alert option monitors customers’ credit files on a daily basis and notifies of any changes that may compromise one’s creditworthiness or indicate that identity fraud has been committed. The service comes at $17.99 a month, plus taxes that may apply.

There are plenty of offers for low interest credit cards on the Canadian market. One good option to look at is the MBNA Gold MasterCard Credit Card which comes with a credit limit of up to $100,000, no annual fee, and 9.99 percent interest rate on cash advances, purchases, and balance transfers. Included features are around-the-clock fraud protection, 24/7 customer service, online access to one’s card account, and cash access at 430,000 international ATM locations. Card holders enjoy the added protection of extended warranty and purchase assurance. While on vacation, clients who loose their credit card can have it replaced within 48 hours. The MBNA Program Premium MasterCard Credit Card is a good alternative that goes with a zero annual fee and 9.99 percent interest rate on balance transfers, cash advances and purchases. There is 1 percent fee on cash advances and balance transfers. Additional features are 48 hour emergency card replacement, immediate cash access at ATMs, and global acceptance at millions of locations. Card holders may also take advantage of the travel accident insurance, baggage insurance, flight delay insurance, trip interruption/ cancellation insurance, rental collision/ loss damage insurance, or the travel medical insurance. For added convenience, customers of the MBNA Canada Bank have access to priority restaurant reservations and PayPass.

Credit Card Details
NameBMO Preferred Rate MasterCard Apply Now
Interest Rate17.5%
Annual Fee$0
Cash BackNo
Low InterestYes
Auto and GasNo
Instant ApprovalNo
Balance TransferNo
US DollarNo
No Annual FeeYes