BMO USD matercard
MC190-COB (05/14)
Important information about BMO MasterCard cards
The following provides important information about BMO MasterCard®* cards. The charges, fees and pricing listed are
valid as of May 2, 2014 unless otherwise noted, and are subject to change.
Annual
interest rate
or rates
These interest rates are in effect from the date your account is activated.
AIR MILES®† cards, CashBack® cards, BMO RewardsTM card,
Student cards, U.S. Dollar card:
Purchases and fees: 19.9%
Cash advances: 19.9%
Balance transfers: 19.9%
BMO World Elite card:
Purchases and fees: 20.5%
Cash advances: 20.5%
Balance transfers: 20.5%
Preferred Rate card, Affinity Union and Edvantage cards:
Purchases and fees: 17.5%
Cash advances: 17.5%
Balance transfers: 17.5%
Low interest rate option – Preferred Rate card:
Purchases and fees: 11.9%
Cash advances: 11.9%
Balance transfers: 11.9%
Interest-free
grace period
21 days
You will benefit from an interest-free grace period of at least 21 days if you pay off your balance
in full by the payment due date. We don’t charge interest on purchases and fees appearing on
your account statement for the first time if you pay your new balance in full by the payment
due date. There is no interest-free period on cash advances, including cash-like and gaming
transactions, and balance transfers.
Minimum
payment
2% or $10
Your minimum payment will be the greater of 2% of the outstanding balance shown on
your account statement, or $10. You must pay the full amount of the new balance if it is
$10 or less. If the new balance exceeds your credit limit or if there is an amount past due
on your account statement, you must pay the greater of:
• The minimum payment described above plus the past due amount, or
• The amount by which your new balance exceeds your credit limit.
Foreign
currency
conversion
Canadian dollar: The exchange rate for converting foreign currency transactions to
Canadian dollars is the rate charged to us by MasterCard International (“MCI”) plus 2.5%.
The exchange rate for converting refunds of foreign currency transactions to Canadian
dollars is the rate charged to us by MCI minus 2.5%. We make the conversion on the date
the transaction or refund is posted to your account.
U.S. dollar: The exchange rate for converting non-U.S. dollar transactions to U.S. dollars
is the rate charged to us by MasterCard International (“MCI”) plus 2.5%. The exchange
rate for converting refunds of non-U.S. dollar transactions to U.S. dollars is the rate
charged to us by MCI minus 2.5%. We make the conversion on the date the transaction
or refund is posted to your account.
Annual fees Annual fees are to be charged within the first monthly statement following the opening of
your new account, regardless of whether or not the card has been activated, and annually
on the anniversary of your account.
Annual card fees:
BMO World Elite MasterCard $150.00
AIR MILES World MasterCard $99.00
CashBack World MasterCard $79.00
BMO Rewards MasterCard $35.00
AIR MILES MasterCard, CashBack MasterCard,
Student Cards, Preferred Rate MasterCard No fee
U.S. Dollar MasterCard $35.00 USD
(Annual fee will be waived for the following year if the
card spend for the preceding year is $1,000 or more)
Additional card annual fees:
AIR MILES World MasterCard $15.00 per card
CashBack World MasterCard $15.00 per card
All other cardsd No fee
Low interest rate option:
Preferred Rate MasterCard $20.00
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† Plus applicable taxes. ‡ Supplier fees for each change or cancellation to your travel arrangements may also apply and will be displayed at the time of booking based on your specific travel
reservation. ®/™ Registered trade-marks of Bank of Montreal. ™*/®* Trade-marks/registered trade-marks of MasterCard International Incorporated. ®† Trademarks of AIR MILES International
Trading B.V. Used under license by LoyaltyOne, Inc. and Bank of Montreal. ®§§ Trade-mark of Interac Inc. Used under license.
Other fees The following fees are charged on the day the transaction or activity takes place:
Overlimit fee – charged on the day when your account balance exceeds $29.00
your credit limit and at the beginning of each subsequent billing period
if you remain overlimit
Charge for dishonoured payment from or to your account – $40.00
amount of dishonoured payment will be subject to the applicable
interest rate from the date such payment is reversed.
Charge for book of personalized MasterCard cheques $10.00
Replacement copy of statement or sales slip $5.00
Cash-like and gaming transactions: $2.75
Wire transfers, money orders, travellers cheques, foreign currency,
bets and betting, off-track betting, race track wagers, casino gaming
chips and lottery tickets
BMO Rewards Program:
Travel-related redemption:
• Online booking FREE
• Phone booking $29.95†
Travel arrangement change or cancellation‡ $25.00†
Redemption for merchandise or financial rewards:
• Online orders FREE
• Phone orders $10.00†
Cash advance fees – Automated teller machine (ATM) network:
Bank of Montreal ATM $1.50
Interac®§§ Network in Canada $2.75
Cirrus®* Network in U.S. $3.50
Cirrus®* Network outside Canada and U.S. $4.50
Cash advance fees – Other:
Bank of Montreal branch and Telephone Banking $3.00
MasterCard financial institution in Canada $4.00
MasterCard financial institution in U.S. $5.00
MasterCard financial institution outside Canada and U.S. $6.00
The following fees, if applicable, are charged on your statement date:
Inactive account credit balance fee – $10.00
the lesser of $10 or the full credit balance if your account is inactive
and has a credit balance for 12 consecutive billing periods
BMO Credit Card Balance Protection – $0.94 per $100 of your
Monthly premium total average daily
balance, (plus applicable
provincial taxes)
Your account statements
We’ll provide you a credit card account statement every
month, unless you have a monthly outstanding balance of
less than $10 and no payments or transactions have been
posted to your account and no interest or fees have been
charged to your account. In such case, we will send you
an account statement every three months. Please note that
statements are not provided for prepaid cards.
Contact us
For additional information concerning your BMO credit
card account, please call the BMO Customer Contact Centre
at 1-800-263-2263.
TTY (for the deaf and hearing impaired): 1-866-859-2089.
