Earn rates
| Spending category | Earn rate | Value per $100 spent |
|---|---|---|
| Groceries | 2.5 pts / $1 | ~$1.67 |
| Dining and takeout | 2.5 pts / $1 | ~$1.67 |
| Recurring bill payments | 2.5 pts / $1 | ~$1.67 |
| Everything else (including gas) | 0.5 pts / $1 | ~$0.33 |
BMO Rewards points are worth a fixed 0.67¢ each (150 pts = $1) when applied to travel purchases. The 2.5x rate returns ~1.67% in travel value per dollar spent. Each elevated category is capped at $5,000 in net annual purchases; spending beyond a category cap earns the 0.5x base rate. Unlike the eclipse Visa Infinite, gas is not an elevated category on the rise. Verify current rates and caps with BMO before applying.
Benefits
| Benefit | Details |
|---|---|
| No annual fee | $0 every year, not just the first. No spending threshold required to keep the card open. |
| No income requirement | No minimum personal or household income. Built to be accessible to students, newcomers, and first-time cardholders. |
| On-time payment bonus | 2,500 bonus BMO Rewards points for paying your full balance on time for 12 consecutive months. Rewards the habit the card is designed to build. |
| Redemption bonus | 2,500 bonus points for redeeming at least 12,000 points in a year through Pay with Points. Together with the payment bonus, up to 5,000 bonus points per year. |
| Welcome bonus | Up to 25,000 points: 20,000 after $1,500 in spend in the first 3 months, plus up to 5,000 in first-year bonus points. Verify the current offer with BMO before applying. |
| Instacart+ benefit | Three months of Instacart+ membership and a $5 monthly Instacart credit on enrolment. Terms apply. |
| Mobile device insurance | Up to $1,000 in coverage for a mobile device purchased on the card against theft, loss, or damage. |
The eclipse rise charges the standard 2.5% foreign transaction fee on purchases made in a foreign currency. It is not a card for international spending.
Travel insurance on the BMO eclipse rise Visa
The BMO eclipse rise Visa carries no travel insurance: no emergency medical, no trip cancellation, no baggage cover and no rental car collision damage. The certificate lists its coverage as “Table of Contents SUMMARY OF BENEFITS 1. PURCHASE SECURITY AND EXTENDED WARRANTY INSURANCE 2. MOBILE DEVICE INSURANCE”. Any trip on this card needs insurance bought separately.
You have 30 days from the incident to report a claim. Dependent children are covered to age 20.
Every figure from the certificate, with its own wording
| Purchase protection | days: 90 days |
|---|---|
| Extended warranty | years added: 1 year (unit is years) cap: $60,000 (overall lifetime maximum per account for Extended Warranty and Purchase Security combined) |
| Mobile device | limit: $1,000 (per occurrence) deductible: For a replacement claim, the deductible is equal to 10% of the depreciated value, at the date of loss, of the mobile device subject to a $25 minimum. (truncated at 40 words; clause continues that for a repair claim the deductible is equal to 10% of the repair cost subject to a $25 minimum) requires full charge: Yes (or all or any portion of the purchase price financed with the credit card through a fixed-term contract with a Canadian wireless service provider) eligible events: lost, stolen, accidentally damaged (enumeration joined with commas; document reads lost, stolen or accidentally damaged) |
Figures above are from the BMO eclipse rise Visa Card Certificates of Insurance, Group Policy FC340000, effective 2023-12-04, underwritten by CUMIS General Insurance Company, a member of The Co-operators group of companies. Checked against the certificate for 13 coverage types. Terms change without notice; verify with the issuer before relying on any figure.
What your monthly spend earns
| Category | Monthly spend | Rate | Monthly pts |
|---|---|---|---|
| Groceries, dining & recurring bills | $1,250 | 2.5x | 3,125 |
| All other spending (including gas) | $1,250 | 0.5x | 625 |
| Total | $2,500 | 3,750 pts / mo |
45,000 pts / year (~$300 in travel). With no annual fee, that is the full net value. ~1.0% effective return on spend. The eclipse Visa Infinite earns 5 pts/$1 across five categories for far more on the same spend, at a $120 fee.
Good fit if
- You are building or rebuilding credit, or applying for your first card. There is no income requirement and no annual fee to carry.
- You pay your balance in full each month. The 2,500-point on-time bonus rewards exactly that, and the card is structured to build the habit.
- Your spending is concentrated in groceries, dining, and recurring bills, where the 2.5x rate applies up to the category caps.
If that describes you, apply for the BMO eclipse rise Visa. Not sure yet? Book a free conversation and we will walk through it together.
Less useful if
- You can qualify for a fee card and spend enough to clear its fee. The eclipse Visa Infinite earns 5 pts/$1 on five categories, including gas, for materially more on the same spend.
- You spend heavily outside the three elevated categories. The 0.5x base rate is low, and gas earns only the base rate here.
- You travel or shop internationally. The card charges a 2.5% foreign transaction fee and carries no travel benefits.