BMO Master Cards are issued by Bank of Montreal as Mosaic Master Card, Mosaic Master Card for Business and BMO Financial Group Corporate Master Card.
These three types of BMO Master Cards contain distinctive features and special benefits which are discussed below:
Mosaic Master Card
Cardholders can choose from Air Miles Reward Program and Cash Back Reward Program according to their preference.
Mosaic Master Cardholders can even choose Interest Plan according to their spending pattern. They can choose No Fee Rate Plan if they wish to clear the total balance every month and they can opt for Low Rate Plan if they wish to carry forward the card balance.
Customers get the facility of Travel Protection and Medical Protection.
Cardholders get protection from unauthorized use of the card.
Mosaic Master Card for Business
Cardholders are not required to pay any Annual Fee.
Customers can choose between two Interest Plans which are No Fee Plan and Low Rate Plan. If they choose No Fee Plan then they are required to pay 18.5% interest on purchases made by the card and cash advances. If they choose Low Rate Plan, they are required to pay 12.9% interest on purchases made by the card and 8.9% on cash advances.
Cardholders can choose their Reward Options. They can join either Air Miles Reward Program or Cash Back Reward Program. The options available for Air Miles Reward Program are Gold Air Miles Reward Option, Silver Air Miles Reward Option and Bronze Air Miles Reward Option. And the options available for Cash Back Reward Program is 1% cash back option and 0.5% cash back option.
Other special features that the Mosaic Master Card for Business carries are BMO Business Travel Protection and Free Online Services.
BMO Financial Group Corporate Master Card
Cardholders are required to pay no annual fee.
Customers get the facility of Grace Period Option. The options available are 21 grace days, 14 grace days and 7 grace days.
Cardholders get option of joining Air Miles Reward Program.
Holders of BMO Financial Group Corporate Master Card can opt for BMO Business Travel Benefits.