BMO
No annual fee, competitive rates. Get rewards, cash back, and AIR MILES. 21.99% purchase interest. Perks with no yearly card cost.
The BMO No Annual Fee credit card lineup provides a straightforward way to enjoy rewards without worrying about yearly fees. Whether you want to earn points, AIR MILES, or cash back, these cards have attractive offers for Canadian consumers.
Most cards in this suite feature a 21.99% interest rate for purchases and 23.99% for cash advances (21.99% in Quebec). There is no annual fee attached. Welcome offers currently include up to 20,000 BMO Rewards points, 1,200 AIR MILES bonus miles, or up to 5% cash back for the first three months, depending on the card you select.
How to Apply: Step by Step
Begin the application process by visiting the BMO credit card website. Select your desired no annual fee credit card, then click the apply option. You’ll need to provide personal and financial information for verification. Follow the on-screen prompts to complete the submission.
Once your application is reviewed and approved, your card will be mailed to your Canadian address. Upon receipt, activate your card and register for online banking for easy account management.
Pros of BMO No Annual Fee Cards
The primary benefit is having no annual fee, meaning you keep card costs minimal. The welcome offers provide a great head start, especially with potential bonus points, cash back, or AIR MILES.
Additionally, access to BMO’s digital banking makes card management convenient, letting you track spending, pay bills, and redeem rewards quickly from any device.
Cons of BMO No Annual Fee Cards
However, the standard interest rate of 21.99% is not the lowest on the market. Carrying a balance month-to-month could lead to substantial interest charges compared to low-rate cards.
Another con is that exclusive perks such as travel insurance or premium protection benefits may be limited compared to BMO’s annual-fee or premium cards.
Verdict: Who Should Get This Card?
Anyone seeking easy approval, solid rewards, AIR MILES, or cash back with no annual cost will find strong value here. Students, newcomers, and budget-focused Canadians are likely to benefit the most from these offers.
For those prioritizing cost-effectiveness in a credit card, BMO’s no annual fee options are worth serious consideration – especially if you plan to pay your balance in full each month.
