Issued by the Bank of Montreal, also referred to as BMO, the Mosiak MasterCard is one that many people love because of the different features. For starters, this credit card comes with a list of standard features such as interest set at 18.5% on all balance transfers and cash advances, a 19-day grace period for payments, and on open balances, a low monthly premium of just $0.94 per every $100.
Along with standard features associated with the BMO Mosiak MasterCard, this card also comes with variable features. For one thing, being a MasterCard it can be used around the world anywhere that MasterCard is accepted. Then, once an individual is approved for the BMO Mosiak MasterCard, they can choose from different interest rate options. For instance, they could go with the set rate of 18.5% and not pay an annual fee or they could go with a lower interest rate of 11.4% and then pay $25 each year.
The BMO Mosiak MasterCard also comes with insurance protection. In this case, applicants also have a number of different options from which to choose. One is a package called the Gold Total Travel Protection, which includes both Gold Travel and Gold Medical Protection for just $99 annually. The only stipulation is the cardholder must be 65 years of age and under. The second option is the Silver Travel Protection plan, which provides coverage for unplanned homecoming and damages for collision. In addition, cardholders could take out the Gold Travel or Gold Medical Protection plan individually.
Another benefit of the BMO Mosiak MasterCard is that it comes with rewards, a very popular choice for people wanting a good card. This means when this particular credit card is used for any transaction, rewards miles would be earned, which could then be exchanged for an assortment of rewards. As an example, the cardholder could choose from several levels for rewards, which start with the Gold WestJet Air Miles. For just $80 a year, the cardholder would be granted one reward mile every time a purchase of $15 or more was made with the card. Additionally, when taking out the BMO Mosiak MasterCard, the cardholder is awarded an initial 150 reward miles.
Another type of reward for the BMO Mosiak MasterCard is called Silver Air Miles. For this level, the cardholder would pay just $35 a year and for every $20 spent in purchases, one mile is rewarded. Then, an additional 100 reward miles are provided as a bonus. The last travel reward is called Bronze Air Miles, which does not cost anything. To earn rewards miles, the cardholder would need to make a purchase of $40 or more.
The BMO Mosiak MasterCard can be applied for by anyone 18 to 65, as long as they have a steady and secure income, as well as a good credit history. For people in Canada, they can visit the Bank of Montreal or visit the bank’s website at www3.bmo.com/mosiak and apply for the MasterCard online. Of course, if questions need to be answered or assistance provided, people can get in touch with a representative from customer support.
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