BMO
Zero annual fee, rewards or cash back, and competitive rates make this BMO card a smart pick. 21.99% purchases, 23.99% cash advances.
If you want a credit card with no annual fees and robust rewards, the BMO no fee credit card range is worth a look. The standard rate for purchases is 21.99%, and 23.99% for cash advances (21.99% for Quebec residents). You may also find introductory offers, such as low balance transfer rates.
The credit limit you receive depends on approval and BMO’s assessment of your finances, but many applicants find the process straightforward. Card options include cash back, AIR MILES, and versatile BMO Rewards points.
How to Apply for the BMO No Fee Credit Card
- Gather your personal and financial information, including your income.
- Visit the BMO credit card application website.
- Choose your preferred no annual fee card from the options offered.
- Complete the online application form accurately.
- Submit the application and wait for approval, which can sometimes be instant.
Key Advantages of the BMO No Annual Fee Card
Enjoy the benefit of no annual fee, which helps keep your costs low year over year. It’s ideal for budget-conscious consumers.
Depending on the card you choose, you can earn up to 5% cash back in your first three months or collect reward points and AIR MILES on everyday spending.
Possible Drawbacks to Consider
The interest rates are standard for the market, but not the lowest available. Carrying a balance can lead to higher costs over time.
Some cards may have fewer premium perks. If you want extensive travel insurance or airport lounges, these might not be included.
Our Final Verdict
BMO’s no annual fee credit cards are an excellent option for Canadians who want rewards, security, and flexibility without yearly costs. Application is simple and approval is accessible for many.
