Best BMO Credit Cards in Canada

Charlotte Sinclair
by Charlotte Sinclair October 9, 2016 / No Comments

Bank of Montreal (BMO), Canada’s fourth-largest bank, offers 11 different credit cards with a wide range of benefits. Whether your financial priorities are earning cash back, saving points towards travel, or a low interest rate, it’s easy to find a card that’s suited to your personal needs and spending habits.

Here’s a look at the best credit cards offered by BMO:

BMO World Elite MasterCard

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  • Earn 2 points per dollar, which can be redeemed for travel
  • Best in-class travel and medical insurance
  • $150 annual fee

The BMO World Elite MasterCard is an excellent credit card for travel. You’ll earn two points per dollar on all purchases made with this card, which can be redeemed to cover the cost of a flight (on any airline) for your next trip. You can even use your points to cover the taxes. When booking the flight, be sure to take advantage of the fact that there are no black out dates. The BMO World Elite MasterCard also provides an excellent range of travel and medical insurance coverage, with no limit on trips per year. Although this card offers many perks, it also comes with an annual fee of $150. So, be sure to maximize your benefits by using all the features this card offers.

BMO Preferred Rate MasterCard

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  • Low interest rate of 11.9%
  • $20 annual fee
  • Includes zero liability, extended warranty, and purchase assurance

If you’re looking for a low-interest credit card, you may want to consider the BMO Preferred Rate MasterCard. It carries an interest rate of 11.9% and has a $20 annual fee. If you tend to carry a balance month to month, this $20 fee could actually save you money because you’ll have lower monthly interest payments compared to the payments you’d make with other cards with higher rates. You’ll also receive coverage for zero liability, plus extended warranty and purchase protection. This is a great option if you’re looking for a low-interest rate credit card with a low annual fee.

BMO CashBack MasterCard

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  • Earn 2% cash back on all purchases for the first six months
  • No annual fee
  • Earn 1% cash back on all purchases, with no restrictions

The BMO CashBack MasterCard is a great option if you’re looking for a cash back credit card with no annual fee. You can expect to receive 1% cash back on all purchases with no limitations. For a limited time, you’ll also have the opportunity to double your rewards during the first six months and earn 2% cash back on all purchases. An additional perk is that you can save up to 25% on your next car rental when renting through National Car Rental or Alamo Rent A Car. If you’re looking for a cash-back credit card, it’d be wise to take advantage of this limited time offer and start earning points today.

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