BMO Eclipse Rise Visa Review

We’re about to dive into a world of everyday savings and financial freedom with the BMO Eclipse Rise Visa!

The BMO Eclipse Rise Visa is here to make your daily expenses work for YOU. Whether you’re a savvy saver or just looking for a little extra help with the budget, this card promises to bring a spark of joy to your finances.

Let’s explore how this incredible card can make your life a little brighter and your wallet a little fuller!

CREDIT CARD

BMO Eclipse Rise Visa

$0 annual fee BMO Rewards points

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Here are some of the fantastic benefits of the BMO Eclipse Rise Visa Card:

1. No Annual Fee: Enjoy the freedom of a credit card that won’t cost you anything just to keep it in your wallet! The BMO Eclipse Rise Visa Card comes with a $0 annual fee. 

2. Accelerated BMO Rewards Earning: Watch your points grow faster on everyday essentials! This card offers an accelerated earning rate of 5 BMO Rewards points for every $2 spent on eligible recurring bill payments, groceries, dining, and takeout. For all other eligible purchases, you’ll earn 1 BMO Rewards point for every $2 spent. This targeted earning structure allows you to maximize your rewards on common expenses.

3. Welcome Bonus Points: Kickstart your rewards journey with a generous welcome! New applicants can often earn a substantial welcome bonus, such as 20,000 BMO Rewards points when they spend a specified amount (e.g., $1,500) within the first few months (e.g., 3 months) of card membership. This provides a great head start on accumulating points.

4. Bonus Points for Good Financial Habits: Be rewarded for being financially responsible! The BMO Eclipse Rise Visa Card incentivizes good credit habits by offering up to 5,000 bonus BMO Rewards points annually.

5. 0.99% Introductory Interest Rate on Balance Transfers: Take control of existing debt with a low introductory offer! The card often includes an introductory 0.99% interest rate on balance transfers for an extended period (e.g., 9 months) with a low transfer fee (e.g., 2%). 

6. Fuel Savings at Shell: Save money at the pump! As a BMO cardholder, you can receive up to 7 cents off per litre on Shell fuel. This ongoing discount provides tangible savings on an everyday expense.

Who Can Apply?

The BMO Eclipse Rise Visa Card is an entry-level rewards credit card in the BMO Eclipse lineup, making it accessible to a broader range of applicants. Here are the typical eligibility criteria:

• Age: You must be the age of majority in your province or territory of residence (18 or 19 years old, depending on the location).
• Residency: You must be a Canadian citizen or a permanent resident of Canada.
• Income: This card typically has no minimum individual or household income requirement, making it suitable for those who may not meet the higher income thresholds of premium credit cards.
• Credit History: While BMO will review your credit history, this card is often positioned for those looking to build or improve their credit, including Gen Z and Millennials starting their financial journey. A good credit score is generally beneficial, but the lack of a minimum income requirement suggests more flexibility than some other rewards cards.
• No Recent Bankruptcy: You generally should not have filed for bankruptcy in the past 7 years.

How to Apply?

Applying for the BMO Eclipse Rise Visa Card is a straightforward process, primarily done online:

1. Visit the Official BMO Website: Go to the BMO Eclipse Rise Visa Card page on the official BMO Canada website (https://www.google.com/search?q=bmo.com).
2. Review the Offer: Carefully read through the current welcome bonus, earning rates, interest rates, and other terms and conditions to ensure they meet your needs.
3. Click “Apply Now”: Locate and click the “Apply Now” button on the card’s page.
4. Complete the Online Application Form: You will be directed to a secure online application. You’ll need to provide detailed personal and financial information, which typically includes:
   • Full Legal Name and Date of Birth
   • Home Address, Phone Number, and Email Address
   • Social Insurance Number (SIN) (optional, but recommended for faster processing)
   • Current and Previous Employment Details
   • Gross Annual Income
   • Information on existing BMO accounts (if you are already a BMO customer)
5. Review and Submit: Carefully review all the information you’ve entered for accuracy before submitting your application.
6. Receive a Decision: BMO may provide an instant decision, or they may take a few business days to process your application and notify you via mail or email.
7. Activate Your Card: Once approved and you receive your card in the mail, you’ll need to activate it online, through the BMO Mobile Banking app, or by calling the number on the back of your card.

Frequently Asked Questions

How can I earn the annual bonus points?

You can earn 2,500 bonus points by paying your full credit card balance on time for 12 consecutive months, and another 2,500 bonus points by redeeming at least 12,000 BMO Rewards points annually towards your statement balance with “Pay with Points.”

What is the value of BMO Rewards points?

The value varies by redemption method. Points are generally worth 0.67 cents per point when redeemed for travel through “Pay with Points” and less for statement credits or merchandise.

Does the card come with insurance benefits?

Yes, it includes Mobile Device Insurance (up to $1,000), Purchase Security Insurance (up to 90 days), and Extended Warranty Insurance (doubles manufacturer’s warranty up to 1 year).

CREDIT CARD

BMO Eclipse Rise Visa

$0 annual fee BMO Rewards points

APPLY NOW You will be redirected