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As part of BMO Financial Group's ongoing commitment to financialliteracy and 'Making Money Make Sense' for Canadians, BMO isreleasing a financial tip every week in 2012. BMO's Financial Tip of the Week: If you regularly carry a balance on your credit card, shop aroundfor a card with the lowest interest rate available. Credit cards are a great payment option because of theirconvenience, security and loyalty reward features. But to get fullvalue out of your card, BMO Bank of Montreal recommends you pay offyour credit card balance in full every month to avoid interestcharges. If you do tend to carry a balance, however, choose a card with thelowest interest rate available. "Several financial institutions offer cardholders the option to'buy down' or lower the interest rate that is applied to theircredit card balances. For example, BMO credit card customers canlower their credit card interest rate to 12.9 per cent for anannual fee of $45," said Rebecca Tascona, Director, Credit CardProducts, BMO Bank of Montreal. "The low-interest rate option isseven per cent lower than the interest rates charged on most creditcards today and provides annual interest savings of about $285 on atypical monthly average unpaid balance of $5,000.*" Ms. Tasconanoted that BMO is the only major Canadian bank that provides itscustomers with this option, while still offering them the loyaltyrewards of their choice. For more tips on how to reduce debt and save, please visit /smartsteps . If you have questions about the best financial product andservice options for your specific needs, be sure to speak with aBMO banker. *Calculations to compare interest charges are for illustrativepurposes only and interest savings may vary. About BMO Financial Group Established in 1817 as Bank of Montreal, BMO Financial Group is ahighly-diversified North American financial services organization.With total assets of $538 billion as at January 31, 2012, and morethan 47,000 employees, BMO Financial Group provides a broad rangeof retail banking, wealth management and investment bankingproducts and solutions. Media Contacts: Carol Greene, Toronto (416) 867-3996 carol.greene@bmo.com Ronald Monet, Montreal (514) 877-1873 Ronald.monet@bmo.com Laurie Grant, Vancouver (604) 665-7596 laurie.grant@bmo.com Web: Twitter: @BMOmedia. We are high quality suppliers, our products such as Hot Dipped Galvanized Steel Coil Manufacturer , China Galvanized Steel Profile for oversee buyer. To know more, please visits Tin Plate Sheet.
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