Which has the lower annual fee, ATB Preferred Fixed-Rate or BMO US Dollar Mastercard?

The ATB Preferred Fixed-Rate has a $25 annual fee, while the BMO US Dollar Mastercard charges $49/year.

Which card is better for groceries, ATB Preferred Fixed-Rate or BMO US Dollar Mastercard?

The ATB Preferred Fixed-Rate earns 0% on groceries, while the BMO US Dollar Mastercard earns 0%. The better choice depends on your grocery spending and the specific merchants you shop at.

Which card is better for international purchases?

The ATB Preferred Fixed-Rate has a 2.5% foreign transaction fee, while the BMO US Dollar Mastercard has no foreign transaction fee. The card with no FX fee is better for international purchases.

ATB Preferred Fixed-Rate vs BMO US Dollar Mastercard — Which Is Better? | Churnr

Header Quick Take Value Earn Rates Merchants Wallet Bonus FX Benefits Eligibility Perks Downgrade Verdict

Too close to call — $6 difference per year

ATB Preferred Fixed-Rate: $30/yr in foreign transaction fees

Showing Year 1 analysis

Dollar Value

−$55

/first year

-0.1% effective$5/mo

vs 1% no-fee card: −$474

Annual rewards earned+$0

FX costs−$30

Annual fee−$25

−$49

/first year

-0.1% effective$4/mo

vs 1% no-fee card: −$468

Annual rewards earned+$0

FX costsNo FX fee

Annual fee−$49

Too close to call — $6 Year 1 difference. Choose based on network acceptance, benefits, or existing loyalty program.

Scroll down for the full breakdown

Earn Rates by Category

Wallet Optimizer

Neither card currently offers a welcome bonus.

Downgrade

Coming soon

The Bottom Line

Too close to call — $6 difference per year

Choose based on:

Network preference — Visa/MC acceptance at your regular merchants
Existing loyalty program alignment
Welcome bonus timing and eligibility
Benefits you value — lounge access, insurance, purchase protection

Showing Year 1 analysis

Data Sources

Issuer terms & conditions (verified Feb 2026)

Merchant MCC verification (239 merchants)

Insurance certificates (PDF review)

Reward program documentation

User-reported acceptance data

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