See how to request the BMO Preferred Rate Mastercard credit card 

See how to request the BMO Preferred Rate Mastercard credit card 

The BMO Preferred Rate Mastercard credit card is such a nice card. From what we have seen in the first part of this article, the credit card does have a nice ring to it. It has amazing benefits and one of the best things about it is the low rates. 

That is right, the BMO Preferred Rate Mastercard credit card has one of the lowest interest rates ever. With only 13.99% in purchases and 15.99% for cash advances. Do you want to enjoy more things about these rates? Then keep reading and learn more. 

What are the requirements needed to apply? 

If you are someone that finds applying for a card a bit hard, then keep reading. To facilitate the application for the BMO Preferred Rate Mastercard credit card, we bring you here the requirements for it. If you want to know more about it, keep reading. 

• Any minimum income  
• Any household income  
• Recommended credit score of 660 or more 
• You are a permanent Canadian resident and have reached the age of majority in the province in which you live. 

What documents are needed to request the BMO Preferred Rate Mastercard credit card 

And of course, if you know the requirements, learning all about the credit card is extremely useful. Which is also why that to help you, we bring you down below a list with all the documents the BMO Preferred Rate Mastercard credit card needs. Keep reading. 

• Proof of identity; 
• Proof of residency. 

What are the biggest profiles/uses of this credit card? 

Yes, all credit cards will have a specific use or benefit that will, well, benefit you. That is why we are here. Down below, we bring you the mains four reasons why the BMO Preferred Rate Mastercard credit card is so adored. If you want to know, keep reading. 

Low annual fee 

The annual fee on a credit card is always one many will not go after. It is very common in the financial world for holders to hesitate in applying for a credit card with that fee. Then it is a good thing the BMO Preferred Rate Mastercard credit card has at a low price. 

You might think any annual fee is annoying, but when they are low, it is almost forgetful. The credit card has a small annual fee of $29. Even more, it will be waived during the first year of the card 

Two types of insurance coverage 

Although one of the main cons that the BMO Preferred Rate Mastercard credit card has been that it has very little insurance, it will still have. That is one reason why so many apply for this one. Because a simple and cheap card still has these benefits. 

You, with the BMO Preferred Rate Mastercard credit card, are able to get purchase protection, which lets you shop with more peace of mind. That way the purchases will be covered if they are lost, damaged or stolen in the first 90 days. You also get an extended warranty. 

Welcome bonus 

Of course, one of the best things a credit card is able to offer to its clients is a welcome bonus. Welcome bonus are the best way a company can bring in new clients to them. And that is what the BMO Preferred Rate Mastercard credit card has done. 

Now, the BMO Preferred Rate Mastercard credit card has a welcome bonus where you get a 0.99% introductory interest rate on balance transfers for 9 months. It will have a 2% transfer fee, and they will waive the annual fee during the first year. 

Minimum requirements 

Finally, we have the requirements, the requirements of a credit card do play a huge part in applying for it, which is why learning all about them is so important. Today we have already seen a bit of these requirements, but what is special? 

Well, the BMO Preferred Rate Mastercard credit card has minimal requirements. Which means it has just the basics. You only need to be Canadian and over the legal age. No minimum income is necessary, nor is it a big credit score. 

Our advice for those who are going to apply for the BMO Preferred Rate Mastercard credit card 

Advice for those who are in need is always a good path to take. Now, the BMO Preferred Rate Mastercard credit card is the type of card that will help you out. You can easily apply for it online with minimal documents and information. 

But still, as we have mentioned, everything in the BMO Preferred Rate Mastercard credit card is based on the credit score. The fees, the rates, the benefits, the credit score. Anything you have there to be valued, the credit score will do its job. 

That is why, even if the credit score is minimal here, we ask you to apply only when you know you can get it. There is no shame in applying for a card with a lower score before getting this one. Make sure your score is good so you do not mess it up more. 

Weighing advantages and disadvantages – Is it worth it? 

So, what have you been thinking up until now? Well, we already know how we feel about the BMO Preferred Rate Mastercard credit card. We believe that the card is total worth it. Why sit that, you ask? Well, the answer is simple. 

The BMO Preferred Rate Mastercard credit card is a credit card that is simple and has a lot of benefits for what it is. It also has fewer disadvantages than other credit cards, making it better. You get a very small annual fee, lower interest, and extra security. So yes, it is worth it. 

Request your BMO Preferred Rate Mastercard credit card on the official website once and for all! 

If you are finally ready to apply for the BMO Preferred Rate Mastercard credit card, then click down below. You will learn how you can apply for the credit card in a few seconds.