What the Card Offers
BMO markets the eclipse rise Visa as a no-fee card for building your financial future: "5x the points" on recurring bills, groceries, dining and takeout, up to 5,000 bonus points a year for paying in full and using Pay with Points, and phone insurance.
- $0
No annual fee1
No annual fee.
- 5 per $2
Groceries, dining and recurring bills2
5 BMO Rewards points per $2 spent, on up to $5,000 a year in each category.
- 5,000
Yearly bonus points3
2,500 for paying in full on time for 12 months, and 2,500 for redeeming 12,000 points toward your balance.
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- $1,000
Mobile device insurance4
Loss, theft or damage to a phone or tablet bought with the card.
- 20,000
Welcome bonus points5
20,000 points after $1,500 in purchases in the first 3 months.
Benefits as advertised by the issuer. The conditions attached to them are in the Fine Print Report below.
Sources (5)
- BMO eclipse rise Visa product page (retrieved 2026-10-18)
- BMO eclipse rise Visa product page, footnote 92 (retrieved 2026-10-18)
- BMO eclipse rise Visa product page, footnote 94 (retrieved 2026-10-18); BMO eclipse rise Visa product page, footnote 95 (retrieved 2026-10-18)
- BMO eclipse rise Visa Insurance Product Summary (CUMIS / Allianz Global Assistance)
- BMO eclipse rise Visa product page, footnote 91 (retrieved 2026-10-18)
Points & Redemption
Rates: BMO eclipse Visa Infinite product page, footnotes 64 and 66 (retrieved 2026-10-18); BMO Rewards Terms and Conditions 50391497, ss. 10, 11 and 15. The CardTruth estimate is our own valuation, not a rate stated in the terms. It assumes the redemption described above; most other options return less.
The Fine Print Report
Light fine print, but the earn-rate label overstates the return.
"5x" means 5 points per $2 spentImpact level: Medium
"5x the points" is 5 points per $2, or 2.5 points per dollar
The bonus rate is 5 points for every $2 on groceries, dining and recurring bills, and the base rate is 1 point per $2. At BMO's 200-points-per-dollar redemption rate, that's about 1.25% back in bonus categories and 0.25% on everything else.
Why it matters: The everyday rate is low. Compare the card on cash value, not on the "5x" label.
No travel insuranceImpact level: Medium
No travel insurance of any kind
The card's insurance is limited to purchase security, extended warranty and mobile devices. There's no travel medical, trip cancellation or rental car coverage.
Why it matters: If you travel, you'll need separate travel insurance.
Points: 0.67¢ on travel, 0.5¢ otherwiseImpact level: Medium
Points are worth 0.67 cents on travel and 0.5 cents on anything else, and only within 90 days of the purchase
Pay with Points credits your card for a purchase at 150 points per $1 if the merchant is classified as a travel merchant (airline, hotel, car rental, cruise, travel agency and similar), and 200 points per $1 for anything else. Purchases can only be covered up to 90 days after they're made, and point redemptions don't count toward your minimum payment.
Why it matters: The welcome bonus value BMO advertises assumes travel redemptions. Used for other purchases, the points are worth a quarter less.
2.5% FX fee; refunds credited at a lower rateImpact level: Medium
Foreign currency purchases cost 2.5% extra, and refunds come back at a lower rate
Purchases in a foreign currency are converted at the network's rate plus 2.50%. Refunds are converted at the network's rate minus 2.50% on the day the refund posts, and BMO's agreement says the credit will in most cases be less than the original charge.
Why it matters: Every $1,000 spent in a foreign currency costs about $25 in fees, and a returned foreign purchase costs about the same again.
2 missed payments: 25.99% for a yearImpact level: Medium
Two missed payments in 12 months raise your rates to 25.99% and 28.99% for at least a year
If you miss your minimum payment and haven't paid it by the time the next statement is prepared, twice in any 12-month period, your rates rise to 25.99% on purchases and 28.99% on cash advances and balance transfers, for at least 12 months.
Why it matters: If you ever carry a balance, two late payments make it far more expensive. Automatic minimum payments avoid this.
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Closure: BMO can take your depositsImpact level: Medium
BMO can close the account without notice, demand the full balance and take it from your BMO deposits
BMO may cancel your card or close the account at any time without telling you in advance. The total debt is then due immediately, and if you don't pay it, BMO may apply any money you have on deposit with it or its affiliates against the balance.
Why it matters: If your chequing or savings account is also at BMO, an unpaid balance can be taken from it directly.
Bonus capped at $5,000 per categoryImpact level: Low
The bonus rate stops after $5,000 a year in each category
The 5-points-per-$2 rate applies to the first $5,000 of purchases a year in each bonus category, counted from January 1, and only at merchants in Canada. After that, purchases earn 1 point per $2.
Why it matters: About $415 a month on groceries uses up the grocery limit.
25,000 headline includes conditional 5,000Impact level: Low
The "25,000 bonus points" headline includes 5,000 a year that depend on your behaviour
The welcome offer is 20,000 points. The other 5,000 come yearly, on the account anniversary, only if you pay in full and on time for 12 consecutive statements (2,500) and redeem at least 12,000 points toward your balance (2,500).
Why it matters: A single late or partial payment loses half the yearly bonus.
Phone cover: depreciated value, 1 claim/yrImpact level: Low
Phone insurance pays the depreciated value, and allows one claim a year across all your BMO cards
Mobile device insurance pays up to $1,000, but a loss or theft claim is limited to the purchase price minus 2% for each completed month since you bought it, less a 10% deductible ($25 minimum). You can make one claim in any 12 months and two in any 48 months, and the limit applies to all your BMO cards with this coverage combined.
Why it matters: A two-year-old phone is covered for about half its price, less the deductible.
Points expire 90 days after closingImpact level: Low
After you close the card, points can only go to merchandise and gift cards, and expire after 90 days
Points don't expire while the account is open and in good standing. After cancellation you have 90 days to redeem them, for merchandise and gift cards only, or to move them to another BMO Rewards card. The welcome bonus is cancelled if you cancel within 30 days of being billed the annual fee and the fee is refunded.
Why it matters: Use your points on travel or statement credits before you close or downgrade the card.
Who This Card Is For
Great fit if you...
- Want a no-fee card with phone insurance
- Always pay in full
- Spend mainly on groceries, dining and bills
Consider alternatives if you...
- Spend over $5,000 a year on groceries
- Want travel insurance
- Want a high base earn rate
- Make foreign-currency purchases
Welcome Bonus History
BMO eclipse rise Visa Welcome Bonus History
The Verdict
The eclipse rise is a no-fee card that adds mobile device insurance and a small yearly bonus for paying in full.
Its "5x" rate is 5 points per $2, worth roughly 1.25%, and everything outside the bonus categories earns about 0.25%.
The Recommendation: Fine as a no-fee starter card; others pay more on everyday spending.
Before you apply: This teardown is general information, not financial, legal or insurance advice, and reflects the issuer's documents as of October 2026. Terms, rates, fees and offers change, and the issuer's own agreement, disclosure statement, insurance certificates and program terms are what govern your card. Read them in full and confirm details with the issuer before you apply. Full disclaimer