Get with the BMO Preferred Rate Mastercard credit card, for the first year free!

Should you apply for a credit card? That is the question so many have and well, there is not an answer we can give that will be perfect for you. But we do clearly believe that the BMO Preferred Rate Mastercard credit card might be able to help you.

This credit card is the type to help everyone. You still do not know much about it, or its insane benefits and amazing advantages. But today all of that will be cleared. Down below, we will show you how the BMO Preferred Rate Mastercard credit card is the best choice for you.

Why we recommend the BMO Preferred Rate Mastercard credit card

To recommend the BMO Preferred Rate Mastercard credit card, we believe that not much is needed. The card is the type to make everyone happy. Of course, there is always some specific reason why applying for it would be a great thing, and why we recommend it.

First of all, the BMO Preferred Rate Mastercard credit card has a very low interest rate. Applying for the card means you get a lower interest rate. Which means you can carry a balance on the credit card and pay less in interest from other cards.

Another thing, the BMO Preferred Rate Mastercard credit card does have an annual fee. And while that might not be ideal for you, we believe it is a good thing. Since the annual fee with this credit card is so small, you will not even notice.

And of course, in the first year of having the credit card, the BMO Preferred Rate Mastercard credit card will be able to not pay for the annual fee. So yes, with all of these small benefits here, we already recommend it. Imagine with the ones you will still learn about down below.

What can I use the credit card for?

If you apply for the BMO Preferred Rate Mastercard credit card, you can always use it for anything you want. You see, this credit card does not have a specific use, unlike others. But the card does have some characteristics that might benefit in some cases.

For example, the BMO Preferred Rate Mastercard credit card has super low rates. You only get a 13.99% rate for purchases and a 15.99% rate for cash advances. Normally, credit cards get over 20%. So yes, purchasing with this one is a good idea.

Credit card advantages

So, did you know that the BMO Preferred Rate Mastercard credit card does have benefits that you will probably enjoy a lot? That is right, you can always also learn what those benefits are just by reading down below! We bring you a list with all of them. Keep reading.

• Add another cardholder for free.
• Enjoy extended warranty and purchase protection.
• 24/7 emergency support anywhere in the world.
• Zero Liability safeguards you if there is any monetary loss resulting from fraudulent card use.
• Mastercard Identity Check™* adds another layer of security to protect you when you shop online.
• BMO Alerts help confirm your transactions are really yours. They keep an eye on things like large purchases and suspicious activity.
• A lower interest rate
• Save more with a Performance checking account
• Get a 0.99% introductory interest rate on balance transfers for 9 months with a 2% transfer fee, and we’ll waive the $29 annual fee for the first year.

Credit card disadvantages

Even stars one day will die, meaning that all good things have a bad side. The BMO Preferred Rate Mastercard credit card is no different. While the has things will not change much about the card, it is still important to tell. Let’s see down below.

• No rewards on purchases.
• Higher cash advance and balance transfer interest rate of 0.1599%
• Limited insurance included.

How is credit analysis carried out in the BMO Preferred Rate Mastercard credit card

If your goal is to have the BMO Preferred Rate Mastercard credit card, then it is time you learn one of the many things you need to go through when applying for it. And that is the credit analysis. The credit analysis is a term used to help you find your score.

You see, the credit score is something very simple that many might not really care about, but as simple as it is, it can cause damage. Now, again on the credit analysis, how is it made? Well, when you apply for the BMO Preferred Rate Mastercard credit card, you send those documents.

Not only to prove your identity, but they serve as something to help them be able to see your credit history. In the history, they find anything. Debts, payments, be it late or on time, anything that you decided to do financially will be present in your history. Hence, credit history.

Now, after that, you get a number. That number goes from zero to 1000. This, of course, makes the credit score better if it is closer to the bigger number. The credit score will then decide if you get the card, fees, credit limit and all of that.

Is there a maximum and minimum credit card limit?

The BMO Preferred Rate Mastercard credit card will always have a credit limit, the thing is, it is not shown. The credit limit with these types of card is not shown since it depend on from person to person. If you apply for the card, you get a limit based on your credit score.

Do you want to request? Learn how to get the BMO Preferred Rate Mastercard credit card right here

It is time for you to start the application process. The BMO Preferred Rate Mastercard credit card is the card that will help you all the way. If you click down below, you will be able to be automatically redirected to the next part, where we teach how to apply for it. Learn more.