Institution: Bank of Montreal
Card Type: Rewards
Reward Types: Cash
Reward Point Value: $0.01
Fees & Interest
Purchase Interest Rate: 19.99%
Cash Advance Interest Rate: 22.99%%
Balance Transfer Interest Rate: 22.99%%
First Year Annual Fee: $120
Annual Fee After First Year: $120
Personal Income: $80000
Household Income: $150000
Credit Needed: Good
Travel Accident: Included
Travel Cancelation: Not available
Travel Medical: Included
Travel Intrerruption: Not available
Flight Delay: Included
Rental Vehicle: Included
The MasterCard Network is one of the largest proprietary global electronic payment network similar in size to Visa. They offer credit, debit, or prepaid cards many times co-branded with other companies such as financial institutions since MasterCard does not have the capability to underwrite credit or offer deposit accounts on their own.
The purchase interest rate for this credit card is: 19.99% percent annually. The transfer balance interest rate is: 22.99% per year. Also the cash advance rate is: 22.99% per year.
Travel accident insurance is included on this card. Travel accident insurance is a policy specialized for travel accidents that could occur when traveling abroad. Travel accident policies can cover your family while purchasing tickets on common transportation carriers such as airplanes, buses, boats and trains on your credit card.
Travel medical insurance is included on this card. This type of insurance policy protects you and your family in the event that you need to receive urgent medical care while you are traveling. Expenses such as transportation fees, hospital stays, doctor's bills, prescriptions and many other medical situation can be incurred by booking trips on this credit card.
Flight delay insurance is also included on this card. This policy provides coverage in case your flight is delayed and you incur costs related to this unexpected event. Most cards only cover you up to a fixed amount per day that can be used towards meals and accommodations.
Delayed baggage insurance is included on this card. As it can be guessed from the name, this type of insurance protects travels against the loss or delay of checked baggage that is not delivered in a set amount of time. Normally credit cards offering this type of insurance have a maximum allowance for re-inbursement.
Car rental insurance is also included on this card. Collision and damage coverage is a popular feature on credit cards that can save you money. Without this insurance policy you could be spending anywhere from $16 - $25 per day for vehicle insurance if you don't have this coverage. However it's important to note that most credit cards do not provide liability coverage therefore any damage to other cars, property or people would not be covered.