What is the interest rate on the Mosaik Mastercard?
The interest rate on the Mosaik Mastercard varies based on individual circumstances and the market. It is a variable rate tied to the Bank of Montreal's prime rate, meaning it can fluctuate over time. The current rate is made up of the prime rate plus a predetermined percentage. To find out the exact interest rate applicable to you, you can contact BMO directly or refer to your Mosaik Mastercard agreement. It's important to note that maintaining a good credit history and making timely payments can help qualify for lower interest rates, as well as taking advantage of any promotional offers or introductory rates that may be available.
Answered Nov 2, 2023
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