BMO Prepaid Travel Mastercard

This credit card review was updated on May 14, 2022 by John

BMO Prepaid Travel Mastercard

Apply Now

on BMO’s secure site

Shop anywhere Mastercard is accepted
Use your card at over 30 million locations worldwide. Get cash at over a million ATMs.

Annual Fee
$6.95 Annual Fee for the Primary Cardholder.

Eligibility Requirements
As this is a prepaid card, there are no special requirements to apply.

Ready to apply? It’s simple, load it and go.

BMO Prepaid Travel Mastercard At a Glance

You can look forward to some amazing benefits with this card in your wallet:

  • No interest rates for purchases or cash advances.
  • Enjoy extended warranty and purchase protection.
  • Protection from fraudulent card use.
  • It is safer than using cash while travelling.

The Key Numbers to Know

These are the key numbers that you need to know about this card:

annual fee: $6.95
interest on purchases: 0%
interest on cash advances: 0%
additional card holders: not available

How does the BMO Prepaid Travel Mastercard work?

It couldn’t be easier to use this prepaid Mastercard. There are only two steps:

  1. Load up your card – Transfer funds to your card through online banking or the BMO mobile app while having protection against unauthorized use.
  2. Shop anywhere Mastercard is accepted – Use your card at over 30 million locations in the U.S., Canada and worldwide. Get cash at over a million ATMs.

Special Features of the BMO Prepaid Travel Mastercard

There are even more card features and benefits to look forward to:

Main Card Benefits
+ Feel Safe and Secure with the Purchases that you make: Enjoy extended warranty and purchase protection.

+ You can use this card almost everywhere : Make purchases anywhere Mastercard is accepted while receiving protection against unauthorized use. Use your prepaid card at any of the 30 million locations Mastercard is accepted, and get cash at over a million ATMs.

Security
+ Zero Liability: this essential feature safeguards you if there is any monetary loss resulting from fraudulent card use.

+ Mastercard Identity Check: this adds another layer of security to protect you when you shop online.

+ BMO Alerts: You can now help confirm your transactions are really yours. They keep an eye on things like large purchases and suspicious activity.

Add on Benefits
You can add on other options to your regular card benefits (at a cost):

+ Credit Alerts: This is service that helps you understand your credit rating and helps protect you against credit fraud and identity theft. When you enroll, you can see a profile of your credit report history. You can verify its accuracy and take measures to help protect your identity.

+ InfoProtector 360: InfoProtector 360 provides 360° of protection for you, and all the important cards, documents and devices that you carry, everywhere you go. You will benefit from a comprehensive suite of services that includes: Lost Wallet Protection, Information Protection and Travel Protection.

Frequently Asked Questions

How does a prepaid card work?
A prepaid card works just like a standard credit card except you have to load funds on it before you can make a purchase. Once your card runs out of money, you’ll have to load more funds on it before you can use it again. And since you load the card with your own money, there’s no balance that you owe and have to pay back.
What are the benefits of a BMO preaid card?
A prepaid card has the convenience and flexibility of a standard credit card, but without the stress of remembering to pay it off each month or paying interest. Your BMO Prepaid Mastercard also comes with security features, making it much safer to use than cash.
How do I load funds onto this card?
Do you have a BMO chequing or savings account? If you do, simply transfer funds to your BMO Prepaid Mastercard account through online or mobile banking. Your funds will be available shortly.

If you don’t have a BMO account, you can load any amount under $1,000 on your BMO Prepaid Mastercard directly from any bank account from most financial institutions, just as you would making a bill payment.

1 – Register your BMO Prepaid Mastercard as a bill payee.
2 – Load money via bill payment through online banking, ATM, phone banking or at a branch. However, you cannot load funds with cash, cheques or at merchants.
3 – Funds will be available in 2 to 5 business days.

Why should you get the BMO Prepaid Travel Mastercard?

Enjoy a reloadable and secure card with the same convenience as a standard credit card. This prepaid card comes without the stress of remembering to pay it off each month or paying interest. Your BMO Prepaid Mastercard also comes with security features, making it much safer to use than cash. If you are looking for a new prepaid credit card then this may be exactly what you need.

Apply Now on BMO’s secure site