BMO eclipse rise Visa Card*
Card highlights
Welcome bonus
Anniversary bonus
Annual fee
Ratehub’s review
Natasha Macmillan
This no-fee card offers surprisingly generous earn rates on everyday purchases for everything from gas, to recurring bills, groceries and takeout. Plus, BMO Rewards points are fairly flexible for travel—the most valuable redemption category for most cards, thanks to the Pay with Points option.
Pros
- Flexible redemption options: The recently added Pay with Points option allows you to book travel through any provider and then use your points to cover the purchase as a statement credit. This way, you’re not limited to booking through specific travel partners. Or, you can use your points to contribute to investments or savings accounts
- Get rewarded for paying on time: A unique feature of the Rise Visa is you’ll get rewarded with 2,500 bonus points for paying your full credit card balance on time for one year straight. Plus, if you redeem at least 12,000 points using the Pay with Points feature in one year, you’ll get another 2,500 bonus points, too
Cons
- Low spending caps for bonus categories: The bonus earn rates apply to the first $5,000 in spending for each category, which works out to approximately $416 in maximum spending each month. After this, you’ll earn the base rate.
- Points are worth slightly less: Compared to dynamic rewards programs like Aeroplan, BMO Rewards points are worth slightly less. Plus, since points have the same value regardless of where you are booking, you can’t stretch their worth by booking for specific destinations or dates.
Rewards & bonuses
See what you could earn based on how you spend.
Welcome bonus
Earn up to $133.
Get 20,000 points when you spend $1,500 in the first 3 months - that's a $133 value!*
Anniversary bonus
Earn up to 5,000 points (a $33 value).
Earn up to 5,000 bonus points every year: 2,500 bonus points for redeeming at least 12,000 points annually towards your statement balance with Pay with points and 2,500 bonus points for paying your full credit card balance on time for 12 consecutive months.*
Earn rates
Caps apply where shown. Rewards are earned on eligible purchases only, see the card’s terms for full details. 150 points = $1.
Your earning potential
First year reward
Based on spending $2,200/mo after $0 annual fee
Second year reward
Based on spending $2,200/mo after $0 annual fee
These numbers are based on estimations and the calculation breakdown below.
Adjust your spending
First year reward†
- If you spend $2,200/month, you’ll earn
- Welcome bonus
- Annual fee
- First year reward
Second year reward†
- If you spend $2,200/month, you’ll earn
- Anniversary bonus
- Annual fee
- Second year reward
† Estimate calculated by Ratehub.ca and is based on current offers and a monthly spend of $2,200. It is for illustrative purposes only.
Perks & insurance
Perks and insurance coverage included with the card.
| Perks | Details | |
|---|---|---|
| Lounge access | Not included | You’ll gain complimentary passes to airport lounges. The number of passes and lounges you have access to will vary. |
| No foreign exchange fees | Not included | A surcharge that credit card holders pay for purchases made in a foreign currency (typically 2.5%). |
| Extended warranty | doubles the original manufacturer’s warranty to a maximum extension of one (1) year | Either doubles the length of the item’s manufacturer’s warranty coverage or extends it by 1 year, whichever is less. |
| Price protection | Not included | If, within a certain amount of time of purchasing an item, its price drops or you find an identical item offered for a lower retail price than what you paid, you will be reimbursed for the difference. |
| Insurance | Details | |
|---|---|---|
| Travel accident insurance | Not included | If you suffer a loss as a result of an accidental bodily injury sustained while occupying a common carrier, you are eligible for this coverage. |
| Travel emergency medical | Not included | If you require urgent medical care while on a trip outside of your home province, you will be covered for any eligible medical expenses incurred. |
| Car rental insurance | Not included | Credit card rental car insurance usually covers theft, loss and damage to your rental car in the case of an accidental collision. |
| Trip cancellation | Not included | If you have to cancel your trip before it’s even started, your prepaid travel costs will be covered up to a maximum amount if the cause of cancellation is eligible for the insurance. |
| Trip interruption | Not included | If your trip has to be cut short or is delayed after the scheduled departure date, you will be covered up to a maximum amount for an eligible cause of interruption or delay. |
| Flight delay insurance | Not included | If your flight departure is delayed by a certain number of hours, you’ll be reimbursed a certain amount for necessary and reasonable expenses. |
| Baggage loss insurance | Not included | If your checked bag cannot be located by a common carrier, you’ll be reimbursed for a portion of the replacement cost of lost personal property. |
| Baggage delay insurance | Not included | If your checked bag is not delivered within a specified time upon your arrival, you’ll be reimbursed for the cost to replace essential items. |
| Hotel/motel burglary | Not included | Provides protection, while you’re checked in, for your personal belongings when left unattended in your room up to a certain dollar amount. |
| Mobile insurance | Up to $1,000 per occurrence | Reimburses a portion of your cell phone in the event it’s damaged or lost. Device coverage is limited to a certain period of time after purchasing with your credit card. |
| Purchase assurance | up to ninety (90) days from date of purchase | Automatically protects new purchases by insuring them for 90 days from the date of purchase in the event of loss, theft or damage. |
Details & eligibility
Fees
- Annual fee
- $0
Rates
- Purchase interest
- 21.99%
- Balance transfer rate
- 23.99%
- Cash advance rate
- 23.99%
Type
- Provider
- Bank of Montreal
- Card type
- Travel
- Payment network
- VISA
Eligibility
- Minimum personal income
- N/A
- Minimum household income
- N/A
- Minimum credit score
- 660+