How to Apply for your Credit Card: BMO Preferred Rate MasterCard
A card with low interest rates and which exempts you from the annual fee in the first year? That’s the BMO Preferred Rate MasterCard! If you want to know about some advantages, click here and read the article that was prepared. Now, if you want to understand how you can request yours, continue reading this article.
Before you apply:
Want to change your credit card and come towards BMO Preferred Rate MasterCard? You are always welcome. You have a balance to transfer. No issue. You are in a low interest rate zone. But before you start applying, you must have a credit score of at least $575 to $649. And have not been declared bankrupt in the previous 7 years. Make sure that your age is 18 or 18+ and that are a Canadian national. You should meet the minimum income requirement too.
If you have passed all these eligibility questions, then a form will appear. Where you have to fill in your personal and employment details. Like name, address, mobile number, employment status, and source of income. Fill it out carefully and submit the application and you will get a response in 60 seconds.
What is the BMO PaySmart Installment Plan and how to set it up?
BMO has many ways to grab the attention of the customers. In times of inflation, the PaySmart Installment Plan is like heaven on earth for many people. What it actually is? BMO allows you to pay your card purchases payment in smaller parts every month. It is an interest-free plan exclusively for loyal customers but you have to pay a very low fee according to your amount.
If you have your BMO online banking account, then you can easily access and manage the PaySmart Installment Plan. If you have purchases of more than $100 then you are eligible to get the plan. Just open your account online and select the eligible purchases you want to pay through the PaySmart plan. Open the Installment Plan tab and click on the Create button. Now choose which plan is convenient for you; 3 monthly, 6 monthly, or 12 monthly.
It is a smarter way to pay your debts. Whether you have an appliance to upgrade or renovate the house. Do your all-necessary tasks by using the BMO Preferred Rate MasterCard and enjoy the perks of having it.
How BMO Preferred Rate MasterCard is better option?
When it comes to the lowest rate of interest annual fee or transfer fee. BMO Preferred Rate MasterCard is on the top to give you the best possible facilities and save you money. Because you have to pay less in the name of interest charges or other charges. No hidden rules and charges, just pay $13.99% on purchasing and $15.99% on cash advances. No high charges for installment plans, and no fees for additional cardholders.
Maximum benefits and zero charges, security, and digital access to you wallet make it preferable for everyone. You are not only paying uselessly but there is a great gain for you in the form of fewer charges and interest rates. You can pay that money for other purchases etc.
Perks of having BMO Preferred Rate MasterCard:
Interest charges:
Whether you are purchasing or transferring money. You have to pay a minimum interest rate. For transferring money, you have to pay 0.99% for the first nine months. For purchasing 13.99% interest rate is deducted while for cash advances, 15.99% is applied.
Grace period:
If you pay all of your balance at a time, no interest is charge on purchasing for first time. This free of interest and charges has a time span of 21 days. This is a grace period and enjoy your shopping to the fullest.
Minimum balance:
Live and let others live freely without any charges. No monthly fee or minimum balance is needed at BMO credit card.
Digital protection and security
As everything is shifted towards the digital online world. Now you have the facility to access whatever you want from clicks. Everything is available at your fingertips. Don’t need to go anywhere or call anybody. Just open your mobile and do whatever you want to do. But the risks of fraud and any scam also increase with it.
But with BMO Preferred Rate MasterCard, you are in safe hands. Because your safety and security come first. BMO has provided customers with many security methods and techniques.
Zero Liability
You will have a peaceful mind by using a BMO credit card because you are safe from any kind of theft and fraud. How? The Chip technology has an encrypted microchip in it which is not easy to break. Similarly, your PIN makes it more protected.
MasterCard identity check
Other than Chip and PIN, MasterCard identity check adds another layer of protection to your card when you use it online. How it does do so? This layer of protection will check all of your online purchases through a proper method. It makes sure that your card is always in a protected mode.
BMO alert
BMO sends mail, notification, or message to the customer if any suspicious activity happens on credit card or bank account. BMO does other tasks too, like keeping its eyes on any suspicious activity like large transactions. Look at the credit limit and inform you about it.
Credit View
Through the credit view feature, you have access to your credit score. What’s a credit score? It is a 3-digit number that talks about your ability to pay loans & and bills. Like if your credit score is under 693 to 743, then you are considered to be average.
Banking app and features
Mobile banking apps are becoming very common nowadays. For your convenience and security, many techniques are applied to that look up your bank balance. Like BMO financial insight, that makes a list of your everyday spending. So, you will make better decisions. What’s the purpose and how it’s beneficial?
- You can save more money because you will get a head up to save extra money present in the account. You will save it in saving without bothering about the budget.
- Where do you spend the money? All of your activities are observed and if any change in habits is found, will be notified.
- It makes sure that you have enough balance to enjoy your next spending. Or any payment is on the way.
- Any unusual activity like large transactions has done will be notified. The monthly deposit still has not arrived will also notified.
Contact us
Who doesn’t want to avail exciting offers that will allow you to save money too? If you are also fascinated by the features and facilities provided by BMO Preferred Rate MasterCard. Then apply online or contact us at the number given on the website.
Our verdict
No one care for your savings and balance as much as BMO Preferred Rate MasterCard do. The interest rate and annual fee charges are as low as any one can think. Similarly, protection of your account and assessment of your balance are extraordinary features. Your money is not only in safe hands but also gradually increasing because of BMO. So, think less and just start your new journey towards BMO Preferred Rate MasterCard. Do you want to request your card? Click “Apply Now”!