BMO Harris Bank Platinum Mastercard® Review

BMO Harris Bank Platinum Mastercard® is a credit card issued by BMO Harris Bank. If you're wondering whether BMO Harris Bank Platinum Mastercard® is the right card for you, read on. This is everything you need to know to make a good choice.

• 0% APR balance transfer intro rate. Offers an introductory 0% APR rate on balance transfers for up to 15 months, which is longer than the average 0% APR period of 12 months.
• 0% APR on new purchases. New cardholders receive an introductory 0% APR rate on new purchases for up to 6 months.
• Competitive APRs. BMO Harris Bank Platinum Mastercard® has a variable purchase APR that ranges from 11.99% up to 18.99%.
• No annual fee*. This is a great option for people looking for a low-maintenance card. It gives you the benefits of a credit card, but you don't have to pay an annual fee for the privilege.
• Charges foreign transaction fees. Avoid using this card when traveling abroad because it charges a commission of 3% every time you make a transaction outside the U.S.
• Multiple credit card benefits. Includes generous credit card perks, such as rental insurance, access to a concierge, extended warranty protection on purchases, identity theft protection, travel assistance, and fraud protection.
• Fair or better credit required. You will have good approval oods if your credit score is above600.

The Good

The Bad

Lower than average purchase APRs. 0% APR balance transfer intro rate on balance transfers for up to 15 months. No balance transfer fee. 0% APR on new purchases during the first 6 months. No annual fee. Multiple credit card perks. Offers auto rental collision damage waiver. Access to a concierge. Extended warranty on purchases. Identity Theft Protection. Travel assistance insurance Considers applicants with fair or poor credit. BMO Harris Bank Platinum Mastercard® reports to multiple credit bureaus.

Does not offer a signup bonus. Does not offer rewards or cash back. Charges a foreign transaction fee of 3%. You don't earn rewards on every purchase.

Is there a BMO Harris Bank Platinum Mastercard® cash back or rewards program?

No, BMO Harris Bank Platinum Mastercard® does not offer a rewards program.

What are the BMO Harris Bank Platinum Mastercard® benefits?

BMO Harris Bank Platinum Mastercard® provides the following benefits:

• Auto Rental Collision Damage Waiver
• Extended Warranty Protection
• Zero fraud liability
• Travel Assistance
• Reports to major credit bureaus

What are the relevant APRs for BMO Harris Bank Platinum Mastercard®?

According to the Federal Reserve Board, the average interest rate is 15% for all credit cards and 17% for accounts that carry a balance. BMO Harris Bank Platinum Mastercard® has lower than average purchase APRs.

BMO Harris Bank Platinum Mastercard® has a variable purchase APR that ranges from 11.99% up to 18.99%. The card has a variable balance transfer APR that ranges from 11.99% up to 18.99%. It also has a variable cash advance APR of 24.24% .

What are the fees for BMO Harris Bank Platinum Mastercard®?

The following fees apply to BMO Harris Bank Platinum Mastercard®:

BMO Harris Bank Platinum Mastercard® Fees

Fees	Amount
Annual Fee	$0
Foreign Transaction Fee	3%
Returned Payment Fee	up to $37
Late Payment Fee	up to $37

Does BMO Harris Bank Platinum Mastercard® report your account activity to credit bureaus?

Yes, BMO Harris Bank Platinum Mastercard® reports your account activity to the following credit reporting agencies:

• Equifax
• Experian
• Transunion

Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and may help improve your credit.

How to apply for BMO Harris Bank Platinum Mastercard®

• Visit the BMO Harris Bank Platinum Mastercard® website.
• Fill in the application form. You will typically need to provide general financial information, such as your Social Security Number, address, and annual income.
• Check the information is accurate and submit your application.

If your credit score is preventing you from qualifying for this credit card, check out our guide for the best credit cards for bad credit.