Get up to 25,000 BMO Rewards points with the BMO eclipse rise Visa* Card (no annual fee)
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BMO offers a credit card within its BMO Rewards program: the BMO eclipse rise Visa* Card.
This credit card is ideal for Generation Z and millennials, with the following features:
- no annual fee
- no minimum income requirement
- Rewarding good financial habits by awarding points each year when the credit card balance is paid in full on time each month
Before analyzing this card in detail, here’s the current welcome offer:
BMO eclipse rise Visa Card – Welcome offer
BMO eclipse rise Visa* Card
The new BMO eclipse rise Visa* Card is a travel rewards credit card with no annual fee that requires no minimum income.
With this offer, you can earn up to 25,000 points as a welcome bonus:
- 20,000 points after $1,500 in purchases in the first 3 months
- 2,500 points on your anniversary when you redeem 12,000 points with the Pay with Points option over a 12-month period
- 2,500 points on your anniversary when you pay your balance on time for 12 months
Plus, you can get a 0.99% interest rate on balance transfers for nine months (a 2% balance transfer fee applies).
With the new BMO eclipse rise Visa* Card, you get:
- 5 points per $2 spent on recurring bill payments
- 5 points per $2 spent on groceries
- 5 points per $2 spent on dining and takeout
- 1 point per $2 spent on all other purchases
You can use BMO Rewards points for any travel purchase made through the travel agency or website of your choice (airline tickets, hotels, car rentals, all-inclusives, Airbnb, etc.) or for rewards and gift cards on the BMO Rewards platform.
The new BMO eclipse rise Visa* Card also offers:
- Mobile device insurance
- Purchase protection
- Extended warranty insurance
Finally, enjoy three months of Instacart+ membership and a $5 monthly Instacart credit when you sign up with your eligible BMO credit card.
- Annual fee
- $0
- Our valuationMilesopedia first-year estimate First-year valueWelcome bonus$168Total$168Rewards on your spending are not included. The calculator that adds them from your own profile is on the card's page.
- $168
- Welcome offerAfter $1,500 in 3 months
- Up to 25,000 points
Apply Now
on BMO's website
BMO eclipse rise Visa Card – Features
BMO Rewards Point Accumulation
With the BMO eclipse rise Visa* Card you can earn 5 points for every $2 spent on:
- Groceries
- Restaurants and takeaways
- Recurring bills payments (such as rent via Chexy)
BMO obviously wanted to stick to the “5X points” marketing pitch already used for its other products such as the BMO eclipse Visa Infinite* Card, BMO eclipse Visa Infinite Privilege* Card or the BMO Ascend World Elite Mastercard.
However, here, unlike these other three products, the 5x points are not per dollar, but per two dollars of purchases. So 5 points per $2 is equivalent to 2.5 points per dollar.
The same applies to all other purchases, where you can earn 1 point for every $2 spent. This amounts to 0.5 points per dollar.
Beyond earning BMO Rewards points through your purchases with the BMO eclipse rise Visa* Card, you could also earn up to 5,000 bonus points each year, in two ways:
- 2,500 bonus points for using at least 12,000 points per year to pay off your credit card statement balance
- 2,500 bonus points when the credit card balance is paid in full on time each month
While we do not recommend the first option, as it does not offer good value for your points (compared to travel or BMO investment financial products), we do encourage you to pay off your credit card balance in full every month, on time.
Not only will you improve your credit score, but BMO will also offer you 2,500 bonus BMO Rewards points (an estimated value of approximately $16 according to our assessment).
Using BMO Rewards points
As outlined in our guide to the BMO Rewards program, here is a table of your different options:
| Redemption | 10,000 Points | Value of 1 point |
|---|---|---|
| Travel | $66.7 | 0.67¢ |
| Investment | $66.7 | 0.67¢ |
| Experiences | $62 | ¢0.62 |
| Merchandise | $60 | ¢0.60 |
| Gift cards | $54 | ¢0.54 |
| Statement Credit | $33.3 | ¢0.33 |
As you can see, the valuation of your BMO Rewards points can vary greatly.
One thing’s for sure: don’t use them for Statement credit – it’s the worst possible use!
If you don’t travel, you may prefer to put these points in an investment account, or exchange them for experiences or even merchandise/gift cards!
Fees and Balance Transfer Option
The BMO eclipse rise Visa* Card has no annual fees.
This makes this credit card an excellent starting point for your credit history. Keep it year after year to improve your credit score. However, once you have a more substantial income, consider a credit card offering more rewards and benefits/insurance.
The BMO eclipse rise Visa* Card may also be of interest to those wishing to transfer their credit card balance and benefit from a low interest rate for several months on the transferred balance. In fact, by subscribing to the BMO eclipse rise Visa* Card you can benefit from a rate of 0.99% on balance transfers (with a 2% transfer fee).
Insurance
Although the BMO eclipse rise Visa* Card has no annual fee, it does come with insurance for your purchases, including mobile device insurance. This insurance will provide you with up to $1,000 of protection.
BMO eclipse rise Visa Card – Our Review
The BMO eclipse rise Visa* Card targets a specific audience: young Canadians of Generation Z (18 – 24) and millennials (25 – 34).
In this sense, we include targeted purchase categories such as groceries, restaurants, takeaway food or recurring payments.
However, it is a shame that BMO used the marketing argument of 5x points, which can be misleading compared to other cards that truly offer 5x points per dollar spent, such as the American Express Cobalt® Card, the National Bank World Elite Mastercard, or the Scotiabank Gold American Express® Card. Whereas this BMO eclipse rise Visa* Card only offers 5 points per two dollars spent. That’s 2.5 points per dollar.
Also, knowing that the valuation of BMO Rewards points is lower than that of the cards mentioned above, 2.5 points per dollar corresponds to an effective return of 1.67% – when BMO points are used optimally. Which ultimately remains interesting for a card with no annual fee (fees often being a barrier to subscribing to a credit card – even if some high-end credit cards have no fees in the first year).
On the other hand, by offering only 1 point per $2 of purchases for all other purchases, this corresponds to an effective return of 0.33%. Many other no-annual-fee credit cards offer better returns, such as:
| Credit card | Annual fee | Welcome offer | |
|---|---|---|---|
| $0 | |||
| $0 | |||
| $0 | |||
| $0 | |||
| $0 |
Conclusion
The BMO eclipse rise Visa* Card is an attractive card for those new to credit. After that, however, we advise you to switch to a credit card offering more benefits and rewards for your purchases!
- Annual fee
- $0
- Our valuationMilesopedia first-year estimate First-year valueWelcome bonus$168Total$168Rewards on your spending are not included. The calculator that adds them from your own profile is on the card's page.
- $168
- Welcome offerAfter $1,500 in 3 months
- Up to 25,000 points
Apply Now
on BMO's website
Frequently Asked Questions about the BMO eclipse rise Visa* Card
Here are frequently asked questions in the milesopedia community about this card.
How to unlock the 25,000 BMO Rewards points on the BMO eclipse rise Visa* Card?
The welcome offer of up to 25,000 BMO Rewards points on the BMO eclipse rise Visa* Card is unlocked in three steps: 20,000 points after spending $1,500 in the first 3 months, 2,500 anniversary points upon redeeming at least 12,000 points via Pay with Points, and 2,500 points per year if you pay your full balance on time each month. The combined 25,000 points are worth approximately $167 in travel credit or $168 in investments, which is practically the same value as the no-annual-fee bonus.
What accumulation rates does the BMO eclipse rise Visa* Card offer?
The BMO eclipse rise Visa* Card earns 5 BMO Rewards points per $2 spent on groceries, dining, and bills (i.e., 2.5 points per dollar) and 1 point per $2 elsewhere (i.e., 0.5 points per dollar). Converted at a value of 0.67 cents per point for optimal redemption, this represents an effective return of approximately 1.67% on bonus categories. The card targets young consumers (Generation Z and millennials) looking for a no-annual-fee product with modern digital benefits.
Does the BMO eclipse rise Visa* Card require a minimum income?
No. The BMO eclipse rise Visa* Card does not require any minimum personal or household income, making it one of the most accessible BMO cards for newcomers to Canada, students, and young professionals starting their careers. BMO still reviews your Equifax score (typically 660 or higher) and your Canadian credit history. With no annual fee and mobile device insurance up to $1,000 included, it’s an excellent product for building a credit file while getting protection for high-end cell phones.
How does the 0.99% balance transfer on the BMO eclipse rise Visa* Card work?
The BMO eclipse rise Visa* Card offers a promotional balance transfer rate of 0.99% for 9 months on balances transferred within the first 90 days of approval, with a 2% transfer fee on the transferred amount (minimum $7.50). This can represent major savings for anyone transferring an existing balance at 19.99%: on $5,000 transferred for 9 months, the net savings reach approximately $660 after transfer fees. After the promotional period, the rate reverts to the card’s standard purchase rate.