BMO Preferred Rate Mastercard

Low-interest BMO Mastercard for Canadians who carry a balance — one of the lowest annual fees for a low-rate card.

Annual Fee

$20

per year

Reward Type

Low interest

rewards program

Network

payment network

BMO Preferred Rate Mastercard Key Features

Low interest rate on purchases & balance transfers

Best for those who carry a balance

$20 annual fee

IssuerBMO

Payment NetworkMastercard

Annual Fee$20

Reward TypeLow interest

Income RequirementNone

Use services like Chexy to earn rewards or cashback when paying rent. Learn which cards are best and how to beat the 1.75% fee.

Ready to apply for the BMO Preferred Rate Mastercard?

$20/year — unlock premium low interest rewards.