Search results
Make a balance transfer to save money on interest and get closer to being debt-free. Learn how much you can save by transferring a balance to a BMO credit card.
- Most balance transfers are completed within 11 business days.
- The daily maximum for balance transfers is $20,000; however, the transfer amount plus the transfer fee can’t exceed the amount of the unused portio...
- You can make multiple balance transfers over multiple days; however, the transfer fee will apply to each balance transfer transaction.
- The balance transfer fee will be charged to your account on the date the balance transfer is posted. The minimum payment on your next statement wil...
Inactive Account Fee: charged on your statement date if you have a credit balance and there has been no account activity (meaning no debits, credits, interest and fees) for 12 consecutive billing periods.
- 116KB
- 2
In this article, we will explain the various BMO account fees, including credit card rates, grace period, annual fees, minimum payment requirements, foreign currency conversion, account inactivity fees, and InvestorLine fees.
Aug 26, 2024 · It is based on three primary costs: Interchange rates: These are bank fees. It’s the amount that every card processor, like Moneris, is required to pay with credit card issuers and/or financial institutions for each credit or debit card transaction processed by its merchants. Network assessment fees: These are credit card fees.
What’s a credit card balance transfer? A balance transfer is when you transfer an amount you owe from one or more credit cards to another1, so you can: Maximize your savings. Consolidating high-interest credit card debt onto a BMO credit card with a lower interest rate helps you pay it off sooner and reduce interest charges. Simplify your finances.
Jun 25, 2024 · Typical credit card fees include an annual fee for card ownership, a balance transfer fee for transferring another debt to your card and foreign transaction fees for making an...
People also ask
What are the different BMO account fees?
What is a balance transfer on a BMO credit card?
What is the minimum payment for BMO credit cards?
How do I Manage my BMO credit card?
How do I Activate my BMO credit card?
Do BMO credit cards have fees?
Aug 15, 2023 · Thus, your total overall balance (purchase price plus installment fee) will be $1,224. It is divided into three months, resulting in a $408 monthly payment. This calculation assumes no other interest fees or charges with your chosen plan. How to Pay in Installments Using a Credit Card.
