• Low interest rate for purchase, cash advances, and balance transfers of only 11.9%.
  • Includes purchase protection and extended warranty coverage.
  • Low annual fee.
Extended Warranty 1 year
Purchase Protection 90 days

Please review your insurance certificate for details, exclusions and limitations of your coverage.

Our Review

Are you someone who tends to have a balance on your credit card?

Would you love some relief from high interest rates?

Do you have existing credit card debt that you would like to pay off faster?

If you answered yes to any of these questions, then the BMO Preferred Rate MasterCard has features that were designed just for you. This card could end up saving you hundreds or even thousands in interest depending on how much of a balance you usually carry.

For only $20 a year, you can have a permanent interest rate of only 11.9% - That's for purchases, cash advances and balance transfers! Thanks to this card you will save on interest charges and you will be able to pay down your balances even faster.

As an extra little perk, this card also gives you purchase insurance, letting you shop with confidence knowing your purchases are covered with purchase protection and extended warranty.

While this card doesn't offer you any rewards or big fancy perks, but it does help you solve the problem of crushingly high interest rates that could help you find the light at the end of the tunnel.

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The Globe and Mail