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Mastercard2/4 on file
✓ Annual fee checked
BMO · Mastercard

BMO Preferred Rate Mastercard

Low Interest

The BMO Preferred Rate Mastercard is a Mastercard from BMO with an annual fee of C$29. Here is what we hold on it, and what we do not.

Not every figure here is checked

Checked against a published document: annual fee (Sep 2026), supplementary card fee (Sep 2026), foreign transaction fee (Sep 2026), purchase APR (Sep 2026). Not yet checked with BMO: credit requirement. BMO’s own page is authoritative — confirm anything you rely on there before you apply.

Annual feeC$29per yearChecked bmo.com
Apply on BMOCompare this card
Opens BMO’s site
Ledger entry

The receipt

Every cost line we hold for the BMO Preferred Rate Mastercard, exactly as recorded.

Annual fee
C$29Checked bmo.com
Supplementary card
FreeChecked FCAC comparison tool
Foreign transaction
2.5%Checked FCAC comparison tool
Purchase APR
13.99%Checked FCAC comparison tool
Income requirement
Not confirmed
Network
Mastercard
Credit needed
NoneNot yet checked with BMO
Sign-up

The welcome offer

No welcome offer on file

We hold no published welcome offer for the BMO Preferred Rate Mastercard. That may mean there isn’t one, or simply that we have not recorded it — BMO’s own page is the place to check.

Issuer restricts access — check their site
Rewards

What it earns

No earn rates on file

We hold no category earn rates for the BMO Preferred Rate Mastercard. Rather than print a multiplier we cannot source, this stays blank until BMO’s own terms give us one.

Issuer restricts access — check their site
Included

Perks & benefits

Card benefits

  • Extended Warranty Insurance
  • Purchase Security Insurance
  • Credit Card Balance Protection (enrollment based, up to $20,000 coverage)
  • Zero Liability protection
  • BMO Alerts for transaction monitoring
  • Car rental discounts with Avis and Budget
  • Free additional cardholder
  • BMO PaySmart installment plans
  • 24/7 Mastercard emergency assistance
Next step

Ready to apply for the BMO Preferred Rate Mastercard?

You'll finish the application on BMO's own site. Terms can change without notice, so check the fee and offer there before you commit.

Apply nowOpens BMO’s site
Questions

Questions about the BMO Preferred Rate Mastercard

How much is the BMO Preferred Rate Mastercard annual fee?

The BMO Preferred Rate Mastercard has an annual fee of C$29. Weigh that against the rewards and perks you will actually use.

What does the BMO Preferred Rate Mastercard earn?

BMO's site restricts automated access, so we could not read the BMO Preferred Rate Mastercard's earn rates and do not print a multiplier. Check them on BMO's own site.

What network is the BMO Preferred Rate Mastercard on?

The BMO Preferred Rate Mastercard runs on the Mastercard network, which determines where it is accepted and which network-level benefits apply.

Is the BMO Preferred Rate Mastercard available in Canada?

Yes — the BMO Preferred Rate Mastercard is issued by BMO and is available to eligible applicants in Canada. Approval depends on the issuer's own credit and income criteria.

When were the BMO Preferred Rate Mastercard figures last checked?

We checked its annual fee in September 2026, its supplementary card fee in September 2026, its foreign transaction fee in September 2026 and its purchase APR in September 2026, each against a published document. Not yet checked with BMO: credit requirement. BMO's site restricts access, so we could not check: earn rates and welcome offer. Terms can change without notice, so confirm the current details with BMO before you apply.