Adam McCann, Financial Writer
@adam_mcan
BMO’s credit score requirement is 700 or higher for most cards. One exception is the BMO Bank Boost Secured Credit Card because it requires a credit score of at least 300 for approval, which is considered bad credit.
Keep in mind that it’s best to wait to apply for a given card until you meet the credit score requirement. You can check your credit score for free on WalletHub.
Credit Score Recommended by BMO Card
- BMO Bank Boost Secured Credit Card: 300 (Bad credit)
- BMO Bank Platinum Mastercard®: 750 (Excellent credit)
- BMO Bank Premium Rewards Mastercard®: 700 (Good credit)
- BMO Bank Cash Back Mastercard®: 750 (Excellent credit)
- BMO Business Platinum Rewards Mastercard® Credit Card: 700 (Good credit)
Note that while your credit score is very important, plenty of other things will impact your chances of being approved for a BMO credit card. Some other key criteria include your income, existing debt load, recent credit inquiries, number of open accounts, housing status, and employment status.
Finally, keep in mind that lenders might use a different score when deciding whether to approve you for a financial product and approval is never guaranteed.
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People also ask
How much is the BMO Credit Card foreign transaction fee?
The BMO foreign transaction fee is 0% to 3%, depending on the specific credit card. A foreign transaction fee is a surcharge that some credit cards add to transactions processed outside of the United States. The fee applies whether you’re physically in a foreign country making a purchase or buying something online through an internationally-based merchant.
BMO Foreign Transaction Fees:
- BMO Bank Premium Rewards Mastercard®: 0%
- BMO Bank Platinum Mastercard®: 3%
- Diners Club Card Premier Credit Card: 0%
- Diners Club Elite Credit Card: 0%
- ...
How do I request a credit limit increase with BMO Bank?
You can request a BMO Bank credit limit increase online, through the BMO Bank mobile app, or by calling customer service at 1 (800) 263-2263. To raise your chances of being approved for a higher credit limit, pay your bill on time for at least six straight months, reduce your outstanding debt, and update the income BMO Bank has on file. BMO Bank will be more likely to increase your credit limit if the revised income clearly...
read full answer by WalletHub, Financial CompanyWhat credit score do you need for a BMO Harris Bank credit card?
You need a credit score of 700 or better for a BMO Harris Bank credit card. That means people with at least good credit are eligible to be approved for a BMO Harris Bank credit card.
If your credit score is below the threshold needed for a credit card from BMO Harris Bank, it’s best to wait to apply until you meet the credit score requirement. You can check your credit score for free on WalletHub.
BMO Harris Bank Credit Score Requirements...
read full answer by John Miller, Credit Cards ModeratorDid we answer your question?
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