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BMO Preferred Rate Mastercard
CANADA CREDIT CARD

BMO Preferred Rate Mastercard

BMO Bank of Montreal · Annual fee CA$29 CAD · Cash Back · data refreshed October 3, 2026

Quick answer: The BMO Preferred Rate Mastercard carries a CA$29 annual fee and 2 catalogued benefits. MaxWorth is the only benefits tracker with hand-verified Canadian card data, and it never asks for a bank login.

Protections (2)

Extended Warranty

CA$30/yr
Annual

Extends the manufacturer's original warranty by up to one additional year on eligible items purchased entirely with your BMO Preferred Rate Mastercard. Coverage applies automatically at no extra cost.

Purchase Protection

CA$30/yr
Annual

Covers eligible purchases against theft or damage for 90 days from the date of purchase when the item is bought entirely with your BMO Preferred Rate Mastercard.

How to track it

Add the BMO Preferred Rate Mastercard to MaxWorth and every credit above appears with its cycle set; you get a push before each one expires and the card's annual-fee ROI runs from what you mark used. No Canadian bank account is ever connected. What MaxWorth covers for Canadian cards.

Other BMO Bank of Montreal cards

Source: the issuer's published terms, entered and verified by hand in the MaxWorth database; amounts in CAD. Methodology.