Newsletters: A chance to pay less interest for months on balance transfers

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0%
for up to 12
months

Take advantage of our low interest rate offer and pay down your high-interest balances faster.

Hello Vincent,

Are you carrying a balance on high-interest credit cards? Transfer those balances to your BMO^® Mastercard^®* ending in 3688 by October 16, 2018 and pay only 0% interest for up to 12 months^1,2,3,4,5.

By consolidating your higher cost debt, you can pay it off faster while saving money.

Here’s what you could save if you transferred $5,000

Department Store Cards	Other Credit Cards	BMO Balance Transfer
28.99% interest	19.99% interest	0% interest
$1,413.92 Annual cost	$974.96 Annual cost	$0.00 Annual cost

Savings calculation is based on a $5,000 balance transfer amount⁶. The applicable balance transfer fee is not included in the savings calculation.

Save up to
$1,413.92

A fee of 3% of the balance amount you are transferring applies².

Follow the steps below to transfer your balance in Online Banking or call us at
1-800-263-2263. Offer ends October 16, 2018, so act now⁷!

	Make your transfer by October 16, 2018 Transfer your credit card balances online TODAY! Start saving today with a 0% interest rate on balances transferred.

1.	Sign in to Online Banking at bmo.com.

2.	Select Mastercard account ending in 3688.

3.	Select Set up Balance Transfer or Pre-authorized payment under your BMO Mastercard ending in 3688.

4.	Select Credit Card Balance Transfer, follow instructions and complete.

It's that easy. You can also complete multiple balance transfers.

Get started

Subject to these Terms and Conditions, each balance transfer amount is eligible for a promotional interest rate of 0% until the promotional interest rate expiry date, provided that each balance transfer is posted to your BMO credit card account (the “Account”) by October 16, 2018, and your Account remains in good standing. The promotional interest rate expiry date is calculated based on the first balance transfer transaction date within the offer period and any subsequent balance transfer transaction that was accepted within the same offer period will have the same expiry date. After the promotional interest rate expires, the standard rate will take effect after the following statement cycle date. Balance transfers are treated as cash advances and the promotional interest rate applies from the date the transactions are posted to your Account. The promotional interest rate of 0% does not apply to purchases, fees, cash advances and other charges posted to your Account during the promotional period. Standard interest rates will continue to apply to those transactions. Any balance transfer requests received and posted to your account after October 16, 2018, will not be eligible for this offer. This offer is only valid for the account referenced in the attached offer and is not transferable.

The promotional interest rate will remain in effect until the promotional interest rate expiry date. After the promotional rate expires, any remaining balance transfer amounts will be charged interest at the standard annual interest rate for cash advances, starting from the first day of the following statement period. Please refer to your monthly statement for the interest rate applicable to your Account. If your Account has balances with different interest rates, such as purchases with a standard interest rate and balance transfers with a promotional interest rate, any payment that exceeds the minimum payment will be allocated proportionately to those balances according to the terms set out in section 14 of the BMO Mastercard Cardholder Agreement. For example, if you have an $800 purchases balance at the standard interest rate and a $200 balance transfer balance at the promotional interest rate, 80 percent of your payment will be allocated to your purchases balance and 20 percent will be allocated to your balance transfer balance.

You will pay interest on purchases unless you pay your full account balance by the payment due date. For example, if you complete a balance transfer for $5,000 and spend $2,000 in purchases during the same statement period, you must pay the entire balance of $7,000 before the payment due date to avoid paying interest on your purchases. You will be charged interest if you only pay the amount owing for your purchases. There is no interest-free grace period for cash advances or balance transfers.

5.	Balance transfers cannot be used to make a payment on any other BMO credit card account or any other lending account and do not qualify to earn loyalty rewards such as AIR MILES^®† Reward Miles, BMO CashBack^® rewards or BMO Rewards^® Points.

For illustrative purposes only. Cost comparison made with various credit cards each having an annual interest rate of 28.99% and interest accumulated over twelve months. It is based on a $5,000 balance transfer with a 0% promotional interest rate, and assumes a minimum payment of $10 plus interest is made each month and that the balance is carried for twelve months without other transactions. Actual interest cost and your potential savings depend on outstanding balances, payment amounts, timing and other factors.

BMO will never send you an email asking you to provide personal or confidential information (such as your debit or credit card number, passwords; or identification like Social Insurance Number, or Driver's Licence). If you receive a suspicious email purporting to be from a member of BMO Financial Group, do not reply or click on any links. Instead, report the suspicious email to online.fraud@bmo.com immediately. Visit bmo.com/security for ways to help protect yourself online.

To no longer receive any or all email communications from us, please unsubscribe or contact us at one of the following: 1-877-CALL-BMO, feedback@bmo.com, CASL Central Team, 7th floor – 55 Bloor St West, Toronto, ON, M4W 3N5, Canada.

Newsletters

Monday 30 July 2018

A chance to pay less interest for months on balance transfers

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