• BMO (Bank of Montreal) No Fee MasterCards for Canadians

    BMO (Bank of Montreal) does a good job of providing Canadians with the financial products you need but with some more flexible options compared to many of Canada's other large banks. When it comes to no fee MasterCards they do a great job of taking a regular product but adding a feature you cannot get elsewhere. BMO offers Canadians three types of no annual fee MasterCards and an additional two cards for students. The BMO MasterCards with no fees are; BMO Air Miles MasterCard, the BMO Cash Back MasterCard and the BMO Preferred Rate MasterCard.

    BMO Air Miles Rewards MasterCard - No Annual Fees

    The BMO Air Miles MasterCard is a great no fee rewards card for Canadians, especially those who love to collect Air Miles. This card has no annual fee and card holders earn 1 Air Mile for every $20 spent with their card. Customers can earn extra Air Miles when they spend money at Shell gas stations and various car rental services. The interest rate for this card is 19.5% but an interesting feature of this card is that you can drop the annual interest rate to 12.9% for an additional $35 fee, which could be a big savings if your someone who carries a monthly balance on your credit cards. Learn More About the BMO Air Miles MasterCard

    BMO Cash Back Rewards MasterCard - No Annual Fees 0.5% Cash Back

    The BMO Cash Back MasterCard is a great Canadian cash back card with no annual fee. This card rebates holders 0.5% cash back on all purchases spent with this card. BMO Cash Back card holders receive even more cash back 1.5% when they use this card at Shell gas stations along with some rental card discounts as well. This MasterCard has an annual interest rate of 19.5%, a 21 day payment grace period and no annual card fees. Like the Air Miles Reward Card, BMO clients can pay to adjust the annual interest rate from 19.5% to 12.9% for an additional fee of $35. Learn More About the BMO Cash Back MasterCard

    BMO Preferred Rate MasterCard - No Annual Fees 17.5-11.9% Interest

    The BMO Preferred Rate MasterCard is a simple no fee MasterCard option for Canadians. Simply you receive a reduced rate of interest but no other perks. Instead of paying the standard 19.5% rate like most cards, BMO clients receive a 17.5% interest rate. Card holders have the option to drop the annual rate of interest on this card from 17.5% to 11.9% for an additional $20 each year. This card is great for Canadians who tend to carry a credit card balance throughout the year. Learn More About the BMO Preferred Rate MasterCard

    BMO Student SPC MasterCards

    BMO offers two seprate versions of the BMO Cash Back Rewards and BMO Air Miles MasterCards for students. The student cards have a special SPC (student discount card) feature attached to them for additional savings at merchants who are a member of the SPC program. Students save on not having to enroll in the SPC program seprately, instead SPC membership is free for these card holders.

    Optional BMO MasterCard Features

    In addition to the great adjustable interest rate feature BMO offers clients, there are many other additions clients can add to any card they choose including; Balance Protection, Medical Protection and Travel Insurance. BMO will charge a fee to add these feature to your MasterCard.