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How are BMO MasterCard® Balance Insurance premiums billed?

April 26, 2017BMO premiums

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How are BMO MasterCard® Balance Insurance premiums billed?

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Your Mosaik MasterCard statement date will be the billing date for your Balance Insurance premium. Premiums are calculated on the previous month’s statement balance. Your initial MOBI premium following your enrolment in the BMO MasterCard Balance Insurance plan will be paid by BMO Bank of Montreal. This initial premium will not appear on your statement.