BMO eclipse rise Visa^* Card

Despite being a no annual fee card, the BMO eclipse rise Visa* Card offers up to 20,000 BMO Rewards points as a welcome bonus. All you need to do to get those points is to spend $1,500 in the first three months of holding the card.

With our valuation of BMO Rewards points set at 0.67 cents per point, the welcome bonus is approximately worth $134.

In addition to the points, you’ll receive an introductory 0.99% interest rate on balance transfers for nine months with a 2% transfer fee should you need it.

The primary card and its supplementary cards have no annual fee.

Since it’s a no annual fee product, you can keep it open as a primary or backup credit card, all while supporting the longevity of your credit history.

The BMO eclipse rise Visa* Card earns BMO Rewards points as follows:

• 5 BMO Rewards points per $2 spent on eligible recurring bill payments, groceries, and restaurants
• 1 BMO Rewards point per $2 spent on all other eligible purchases

However, it bears repeating that the accelerated earn rate is per $2 spent, not per dollar spent.

For all other purchases, the return is approximately 0.34%, which is weaker than most cards. Hence, it may be prudent to use this card mainly for the accelerated earn categories then consider a different no-fee card for all other purchases.

BMO Rewards points are worth 0.67 cents per point when redeemed against the cost of travel booked via the BMO Rewards online portal (at a fixed rate of 150 BMO Rewards points = $1).

BMO Rewards points can also be redeemed at 0.5 cents per point against any statement purchase (at the rate of 200 BMO Rewards points = $1). However, the value in doing so is clearly not as strong, so you should always aim to use your BMO Rewards points to book travel.

Annually, you may receive a bonus of up to 5,000 BMO Rewards points broken down as follows:

• 2,500 BMO Rewards points if you pay your balance in full for 12 consecutive months
• 2,500 BMO Rewards points if you annually redeem at least 12,000 points as a statement balance using the Pay with Points feature

The BMO eclipse rise Visa* Card also includes Instacart-related benefits, which add real, everyday value if you already use grocery delivery.

Primary cardholders are eligible for:

• Three months of complimentary Instacart+ membership
• $5 Instacart credit each month, valid on orders of $35 or more
• Credits apply to non-alcohol purchases only and do not roll over month to month

The card offers the following insurance benefits:

• Mobile device insurance of up to $1,000, protecting against loss, theft, or accidental damage
• Purchase security insurance in case of theft or damage for up to 90 days following the purchase date
• Extended warranty insurance that doubles the manufacturer's warranty for up to one year