The BMO Eclipse Rise Visa* card is aimed at making your overall financial experience much richer as you will get numerous opportunities stated below to help you make your choices. Regardless you are regularly paying for recurring bills, grocery shopping or eating out this card is able to provide a lot of value and plenty of opportunities to earn a lot of rewards ideal for those looking to get more bang for their buck.

Other than the rewards which are delightful, the BMO Eclipse Rise Visa* card is flexible and saves a lot of money. It is a suitable golden card that provides massive price cuts on fuel for card holders and other bonus points if the card holder holds a responsible financial status.

This credit card offers a superb value for its user, with no annual fee on the card but packed with all the necessary benefits that can enhance one’s financial situation and sophistication, as well as awarded with an amazing rewards program.

Key information about the BMO Eclipse Rise Visa* card

The BMO Eclipse Rise Visa* card is an all-around credit card based on the fact that it offers you rebates on your common purchases. This credit card was offered with a welcome bonus of 25,000 points, and a low introductory annual percentage rate of 0. 99% on balance transfers for the first nine months, this card will prove a valuable addition for doing business on the internet. Further, you can get up to 5000 points each year, for balance control and activity in relation to your points.

How does the annual fee work?

Another policy that is very advantageous to users of the BMO Eclipse Rise Visa* card is that there is now $0 annual fee. This makes it convenient for anyone who would like to enjoy the perks of a rewards credit card while at the same time not attract an annual fee.

The fact that one is not charged a yearly fee means that all the points amassed are used for the betterment of the financial status of an individual as opposed to paying for the card’s usage.

How is the credit limit determined?

The credit limit of the BMO Eclipse Rise Visa* card depends on the customer’s credit score or the credit score of the applicant. In case of ordinary credit cards BMO considers your Pay grade, credit records, and balance decid credit limit to be granted. This assists in emphasizing a right balance in credit usage to avoid both a situation where one is short of this resource and that where one borrows recklessly.

Credit card benefits 

• 5x BMO rewards points: Earn five times the points for every $2 spent on recurring bill payments, groceries, dining, and takeout.
• Welcome offer: Receive 25,000 bonus points and an introductory interest rate of 0.99% on balance transfers for the first nine months.
• Fuel savings: Enjoy up to seven cents off per litre on Shell fuel as an exclusive benefit for BMO cardholders.
• Annual bonus points: Earn up to 5,000 bonus points every year by paying your full balance on time and using your points.
• BMO PaySmart plan: Access one free BMO PaySmart plan every two years for purchases up to $1,000, making large expenses more manageable.
• Flexible redemption options: Redeem points for travel, merchandise, or even contributions to a BMO savings or investment account, providing flexibility in how you use your rewards.

Reward points program

The most significant aspect of the BMO Eclipse Rise Visa * card is the well-developed and implemented reward points system. The cardholders note that the card enables them to earn five points in basic categories like bills that keep recurring, groceries, restaurants, and digital takeaways.

This lets one to earn points as frequently as their spending habits, which is useful for earning points fast. Also, the points are quite flexible, and you can use them to redeem for Sogo & Kenko travel, merchandise, or even straight statement credits.

Disadvantages

• High-interest rates: The card comes with a 20.99% interest rate on purchases and a 23.99% rate on cash advances, which can be high if you carry a balance.
• Transfer fees: There is a 2% fee on balance transfers during the introductory period.
• Points redemption thresholds: Redeeming points for certain rewards may require a substantial number of points, which could be challenging to accumulate for some users.

High-interest rates

One of the main drawbacks of the BMO Eclipse Rise Visa* card is its high-interest rates. With a purchase interest rate of 20.99% and a cash advance rate of 23.99%, carrying a balance can become costly. This makes it essential for cardholders to pay their balance in full each month to avoid accruing interest charges, which can quickly offset the rewards earned.

Who can apply for this card?

The BMO Eclipse Rise Visa* cardcan be obtained by Canadian residents only if they satisfy some conditions. It is required that the applicant must be 18 years and above, a credit check is done on the applicant and the applicant must ensure they are employed.

In this regard, there is no stated minimum income requirement; however, having a good stable income makes the loan to be approved easily. Also, applicants should not have a recent past record of bankruptcy.

How to apply for the BMO Eclipse Rise Visa* card

Through the website

It is rather easy to apply for the BMO Eclipse Rise Visa* card online. Thus, a first step is to proceed to BMO homepage and, from the main menu, choose the credit cards option. There, you shall see the cards one is likely to apply for; click on BMO Eclipse Rise Visa* card to know more about the card. Subsequently, after reading through the details of the issuing centre and agreeing to apply, click on the ‘APPLY NOW’ option to begin your application.

If not, then if you are already a BMO customer, then there is a requirement of logging in that particular account. This will enable the system to prompt you to enter some of this basic information on your person making it easier for you. If you are not a customer, then in order to access My Tangoe, you would have to register thus filling in your full name, e-mail address and a password of your choice.

When logged in or registered you will be taken to the application page of the application form. This particular form will need your and your financial information such as your annual income, the employment status, and expenditure.

However, other contact information that you will be required to give include your resident address, telephone number, as well as the email address. Make sure that all the information presented is correct and valid to prevent a lengthy stay that you may have to spend in the Oklahoma DMV.