Highlights
- Load funds first, then spend. This is not a revolving credit account.
- Opening the account uses a soft credit check. BMO says it will not affect your credit score.
- You can use it wherever Mastercard is accepted, and the account balance is capped at $10,000.
Issuer: Bank of Montreal
Network: Mastercard
Card type: Credit card
Annual fee: $9.99 for the primary card
Foreign transaction fee: Foreign-currency purchases convert at the Mastercard rate on the posting date plus 2.5%; refunds convert at that rate minus 2.5%
This is a reloadable prepaid card. It does not earn points, miles, or cash back. BMO does not charge interest and does not pay interest.
Welcome offer
【September 5, 2026 update】 None
Everyday spending
This card has no ongoing spend rewards. Purchases and cash withdrawals are limited to the funds you have loaded.
Benefits and insurance
- Load funds
BMO chequing or savings clients can transfer money in online or mobile banking; it is available the next business day. Other financial institutions can load by bill payment, below $1,000 per transfer, usually in 2–5 business days. The minimum load is $100, and the BMO maximum per load is $10,000. Cash, cheques, and merchant loads are not available. Funds on the account are not CDIC-insured.
- Emergency help abroad (Emergency Cash / Card Replacement)
If the card is lost or stolen outside Canada, BMO can arrange a replacement card or emergency cash, up to US$1,000 or the remaining account balance, whichever is lower.
Shopping insurance
Official insurance certificate 🔗
- Purchase Protection
Eligible personal items or gifts must be paid in full with this card. Theft or damage worldwide within 90 days of purchase can be claimed for repair, replacement, or reimbursement. This benefit shares a $60,000 lifetime maximum per account with extended warranty. Business items, used or refurbished items, listed motor vehicles, consumables, and unaccepted mail-order or online purchases are among the exclusions. Report a loss immediately; written notice is due within 30 days and proof within 90 days.
- Extended Warranty
The full purchase price must be charged to this card, and the original manufacturer warranty must be valid in Canada. Coverage can add up to one extra year after that warranty ends. Items with an original warranty longer than five years must be registered within one year. It shares the $60,000 lifetime maximum with purchase protection and does not cover business, used, refurbished, listed motor-vehicle, or lifetime-warranty items.
