There is an annual fee of $20, but it is waived for the first year. Plus, you only need a fair credit score to qualify (in the 575-649 range).
The best BMO no fee Air Miles credit card:
And BMO credit cards offer some excellent perks and benefits, including one travel card whose insurance package is worth an estimated $582 per year.
BMO Harris Bank is a U.S. subsidiary of Canada's Bank of Montreal, with U.S. headquarters in Chicago. The bank has good checking options and a high rate on its money market account in some markets, coupled with a large ATM network, but it has a low savings account rate and pricey overdraft fees.
For most credit cards, it takes between 5-7 days to be approved, though it can take up to 30 days. For some credit cards, you can apply online and find out if you've been approved almost immediately; these are known as instant approval credit cards.
Canadian credit scores range anywhere from 300-900. The closer you are to 900, the better your score is considered and the more likely lenders are to approve you. ... As TransUnion states, a score of 650 or higher is where Canadians should aim to be when they want the best chances of both approval and a good interest rate.
The credit scores and credit reports you see on Credit Karma come directly from TransUnion and Equifax, two of the three major consumer credit bureaus. They should accurately reflect your credit information as reported by those bureaus — but they may not match other reports and scores out there.
The best BMO credit cards in Canada 2021
How do I add another cardholder to my account? If you're the primary cardholder, you can add an additional cardholder to your BMO Credit Card account. Just sign in to BMO Online Banking and submit a request to add an authorized user with the secure form provided.
The best Canadian credit cards for 2021
With every BMO Harris account, you can:
Pay bills, transfer money, view statements, and more with free BMO Digital Banking. Check your balances and account activity and make deposits 10 wherever you are with BMO Digital Banking app.
The bank is a subsidiary of the Canadian multinational investment bank and financial services company Bank of Montreal, commonly known as "BMO" (pronounced /ˈbiːmoʊ/), which owns BMO Harris Bank through the holding company BMO Financial Corporation (formerly Bankmont Financial Corporation, then Harris Financial ...
TD has a better online system and it lets you do a lot without going in to a branch. BMO online system isn't as good but still works well enough. They both changed their rates recently so I'd make sure to check you can't get a better deal elsewhere. BMO will also give you your credit score for free.
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