If you’re on the search for a reliable credit card, you might want to have a look at the BMO Mastercard collection. The Bank of Montreal (BMO) offers a wide selection of Mastercard credit cards. With its extensive selection of credit cards, you’re sure to get your banking and financial concerns covered.
The Bank of Montreal is considered as a leading financial institution in the whole of Canada. True to its reputation, BMO gives its customers and prospective cardholders access to different credit card offerings and privileges from worldwide acceptance to competitive interest rates.
Thinking of getting a BMO Mastercard credit card today? Learn how you can apply online and get one today. Plus, read more about the benefits these cards can provide. Take a look.
Features and Benefits of the BMO Mastercard
BMO Mastercard credit cards offer a host of advantages, starting with competitive interest rates across its credit card options. Most of their cards offer an enviable introductory interest rate of 1.99% on Balance Transfers valid for nine months.
Besides the competitive interest rates, BMO Mastercard offerings also extend purchase protection and extended warranty on most items bought using your credit card.
To further get to know its benefits, we’ll be shedding the spotlight on one of its most basic offerings – the BMO CashBack Mastercard. Under this offering, cardholders are privy to get 5% cash back for the first three months upon account opening.
After the first 3 months, individuals can enjoy continued cash back at 3% on groceries and 1% on bill payments. For all other purchases, cardholders are entitled to a 0.5 cash back.
All Mastercard offerings are protected with chip technology for added security. To complement this, BMO offers a zero liability policy, meaning your card is protected against unauthorized use. Lastly, BMO credit cards are equipped with a Mastercard SecureCode for added online protection.
Getting the BMO Mastercard
To get a BMO Mastercard, all you need to do is head to their website, select the credit card you wish to get and click ‘Apply’ found near the bottom part of the page. You’ll be redirected to a page which will require you to provide your personal information, such as your name, date of birth, address, and housing status.
The online application form will also require you to provide your employment information, income details, as well as your Social Insurance Number (SIN).
To apply, you need to be the age of majority in your province or territory and have a good financial standing. This entails not having declared bankruptcy in the last seven years.
Fees and Charges
- Annual Interest Rate – 12.99% to 27.99%
- Annual Fees - $35 to $150; $79 for the CashBack World Mastercard
- Foreign Currency Conversion Fee – 2.50%
- Over Limit Fee - $29
The Bottom Line
Overall, BMO Mastercards are designed for cardholders who are seeking reliability, convenience, and ease of use and access. With worldwide acceptance and security protection, on top of competitive interest rates, a BMO Mastercard is worth considering.
For more information, you may call 1-800-263-2263 or visit the Bank of Montreal at 100 King Street, West 1, First Canadian Place, Toronto, ON M5X 1A1, Canada.
Note: There are risks involved when applying for and using a credit card. Please see the bank’s Terms and Conditions page for more information.
