Choosing the right credit card can be overwhelming, especially when trying to balance rewards, benefits, and costs. The BMO eclipse rise Visa Card* is a compelling option for Canadians looking for a no-annual-fee credit card that offers valuable rewards on everyday spending. With a focus on groceries, dining, and recurring bills, this card caters to those who want to maximize points without paying extra fees. If you’re looking for a flexible and rewarding credit card, this could be the perfect fit.
This article breaks down everything you need to know about the BMO eclipse rise Visa Card*, including its rewards structure, benefits, and how it compares to other options. Read on to see if this card aligns with your financial goals and whether it can help you earn more while spending on necessities.
Earn rewards on everyday purchases
One of the standout features of the BMO eclipse rise Visa Card* is its generous rewards program. Unlike some credit cards that limit high-earning categories, this card offers accelerated rewards on essential expenses, making it ideal for everyday use. With a structure that benefits frequent spenders, cardholders can earn valuable points at a faster rate than many competing options.
- 5x BMO Rewards Points for every $2 spent on:
- Groceries
- Dining and takeout
- Recurring bill payments
- 1 Point per $2 spent on all other purchases
This rewards structure is designed to help cardholders accumulate points quickly on the expenses they already have. Whether you’re grocery shopping, ordering takeout, or paying monthly subscriptions, this card ensures you’re earning back on every dollar spent while making everyday transactions.
A generous welcome bonus
New applicants can take advantage of a lucrative welcome bonus worth up to 35,000 BMO Rewards points. These points can be earned through various activities, providing multiple ways to kick-start your rewards balance while making regular purchases and payments.
- 20,000 points after spending $1,500 within the first three months
- 3,000 points for adding the card to a digital wallet in the first three months
- 7,000 points for setting up pre-authorized payments in the first three months
- 2,500 points for redeeming at least 12,000 points using “Pay with Points” over 12 months
- 2,500 points for consistently paying the full balance on time for 12 consecutive months
This structured approach encourages cardholders to make the most of their spending habits while promoting responsible financial management. With multiple earning opportunities, the card provides a strong incentive for consistent and responsible use over time.
0.99% balance transfer offer
For those looking to reduce interest costs, the BMO eclipse rise Visa Card* includes a 0.99% introductory interest rate on balance transfers for the first nine months. However, a 2% transfer fee applies, so it’s important to factor that into your calculations when deciding whether to take advantage of this offer.
This feature is ideal for individuals carrying high-interest debt on other credit cards, providing a low-cost way to consolidate and pay down balances efficiently. By transferring existing balances to this card, users can save on interest payments while working toward financial stability.
Added perks: mobile device insurance
In an age where smartphones are essential, protecting your device is more important than ever. The BMO eclipse rise Visa Card* includes mobile device insurance of up to $1,000. This coverage applies in cases of loss, theft, accidental damage, or mechanical failure, offering peace of mind for cardholders who rely on their mobile devices daily.
Unlike many no-fee credit cards that lack insurance benefits, this added protection ensures security when purchasing or upgrading mobile devices. If your phone gets damaged or stolen, you won’t have to worry about expensive repair or replacement costs, making this feature highly valuable.
How to redeem BMO rewards points
One of the best features of the BMO eclipse rise Visa Card* is the flexibility of its redemption options. Unlike some rewards programs that limit how you use your points, BMO Rewards allows for a variety of redemption methods, ensuring that cardholders can use their points in a way that best suits their needs.
- Travel bookings (flights, hotels, car rentals)
- Merchandise and gift cards
- Statement credits through “Pay with Points”
The Pay with Points feature allows you to apply points to recent transactions as small as $1, giving you complete control over how and when you redeem your rewards. This flexibility makes it easy to get value out of the points you earn.
Rewards for responsible spending
This innovative approach sets the BMO eclipse rise Visa Card* apart from competitors, making it an excellent choice for those who value rewards and financial discipline. By maintaining good spending habits, users can continuously benefit from additional points throughout the year. Unlike most credit cards, the BMO eclipse rise Visa Card* encourages financial responsibility by offering additional points for smart spending habits. Cardholders can earn up to 5,000 bonus points annually by doing the following:
- Paying their statement balance in full and on time each month
- Redeeming BMO Rewards points toward their balance
How does it compare to other no-fee credit cards?
When comparing the BMO eclipse rise Visa Card* with other no-annual-fee options, several factors stand out, including the rewards rate, insurance benefits and additional financial incentives that promote responsible use of the card. Check out the other advantages of acquiring this credit card:
- BMO eclipse rise Visa Card*: 5x points on groceries, dining, and recurring bills, mobile device insurance, incentives for responsible spending.
- BMO CashBack Mastercard: 3% cashback on groceries, 1% on recurring bills, no insurance benefits.
- SimplyCash Card from American Express: 2% cashback on gas and groceries, but requires a higher credit score for approval.
Final verdict: a strong no-fee option for everyday rewards
The BMO eclipse rise Visa Card* offers a compelling mix of high rewards, financial incentives, and useful perks, all without an annual fee. Its 5x points on essential spending make it an excellent option for everyday users, while the additional incentives promote good financial habits and responsible credit usage.
For those looking for a no-fee credit card with valuable rewards and financial incentives, the BMO eclipse rise Visa Card* is a solid choice. If you fit the spending profile and want a card that aligns with your lifestyle, this could be the perfect addition to your wallet.
