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Since the Bank of Montreal’s (BMO) establishment in 1817, it has grown into a multinational financial institution offering banking services, investments, and different credit products. BMO is particularly known as an exclusive issuer of Mastercards, but as of November 2020, BMO will be adding, for the first time ever, two Visa cards to their suite of credit cards. 

  • BMO eclipse Visa Infinite* Card
  • BMO eclipse Visa Infinite Privilege* Card 

Below we are taking a look at their BMO eclipse Visa Infinite* Card; a lifestyle reward card specifically designed for the urban millennial. 

BMO eclipse Visa Infinite* Card

The BMO eclipse Visa Infinite* Card is a lifestyle Visa credit card that is designed for urban millennials. Millennials often describe their lifestyle as fast-paced, with little time to treat themselves. But with the BMO eclipse Visa Infinite* Card millennials have the ability to redeem their points with the same simplicity as a cash back credit card. Whether you’d like to use your points to treat yourself with a latte after a long day at work or with a vacation to fulfill your wanderlust, the BMO eclipse Visa Infinite* Card gives you the freedom to do so. 

How to Earn Points With The BMO eclipse Visa Infinite* Card 

The BMO eclipse Visa Infinite* Card works similarly to most other reward credit cards when it comes to earning points. With it, you’ll earn 5 points per dollar spent on groceries, dining, gas, and transit. All other purchases will earn you 1 point per dollar spent. 

Currently, BMO eclipse Visa Infinite* Card is offering applicants a welcome bonus of 40,000 BMO Reward points. Simply spend $3,000 within the first 3 months of opening your account to receive 25,000 BMO Rewards points. The additional 15,000 BMO Rewards points can be earned once your account has been opened for 12 months and is in good standing. 

Supplementary Cards

When you add a supplementary card to your account, you’ll be able to earn an extra 10% on your points. 

Check out how credit cards can help teach your child about financial responsibility.

How Do You Redeem Your BMO eclipse Visa Infinite* Card Rewards Points?

With the BMO eclipse Visa Infinite* Card points can be redeemed by shopping for merchandise or gift cards through their online catalogue or by booking trips or purchasing travel-related items. You can also choose to redeem your points as a cash deposit to a BMO investment account or on everyday purchases made on the credit card. 

No longer do you have to accumulate a certain amount of points before you can use them. Here, you can redeem points for purchases as little as $1 dollar using BMO’s new “pay with points” feature.  

BMO’s “Pay With Points” Feature

With the BMO eclipse Visa Infinite* Card “pay with points” feature, you can use your points to pay for any item you’ve purchased on your card. Simply follow these steps:

  • One, sign in to your account on bmorewards.com.
  • Two, go to the Pay with Points tab.
  • Three, choose what purchase you’d like to pay for with your points.
  • Four, select how many points you’d like to use for the purchase chosen. 
  • Five, enjoy your reward! 

BMO Rewards Points Value

The BMO eclipse Visa Infinite* Card uses the same points system as their other credit cards. As such, the value of each point varies depending on what you use it for. But, on average, 1 BMO Rewards point is worth $0.007 when redeemed for travel, this affords consumers the best value for their points.

Additional Perks of BMO eclipse Visa Infinite* Card

In addition to BMO eclipse Visa Infinite* Card points rewards system, they also offer their users the following benefits:

  • Annual Credit – Every year users will receive a $50 dollar credit on their statement. The user will receive this amount within two statement cycles after they have made a purchase that is equal to or more than credit amount. Note: your account must be in good standing during the payout period in order to receive the credit.
  • Mobile Insurance – With BMO eclipse Visa Infinite* Card, users will have access to its Mobile Device Insurance. It covers your mobile device up to $1,000, which can easily cover the price of many new phones.
  • Annual Fee Rebate – Get even more value from BMO’s eclipse Visa Infinite* Card with their annual fee rebate for the first year.

BMO eclipse Visa Infinite* Card Overview

Annual Fee$120
APR20.99%
Cash Advances23.99%
Welcome Bonus40,000 BMO Reward points
Extra BenefitsAnnual fee rebate, Mobile insurance, $50 annual credit

BMO eclipse Visa Infinite* Card Eligibility 

Looking to apply for the BMO eclipse Visa Infinite* Card? Check to see if you meet their income requirements. Applicants should have a minimum individual annual income of $60,0000 or an annual household income of $100,000. 

Those who want to add a secondary cardholder to their account will need to make sure the individual is at least 13 years of age and has a Canadian address.

Bottom Line

The BMO eclipse Visa Infinite* Card is a great credit card for individuals who are looking for more frequent rewards that you can redeem immediately. Like a cash back credit card, you can use your points as credit for purchases you make on your credit card. Through it, you’ll get the freedom and flexibility of a cash back card while enjoying the benefits of a points card.

Priyanka Correia, BComm avatar on Loans Canada
Priyanka Correia, BComm

Priyanka Correia is a Marketing Coordinator and personal finance expert at Loans Canada. Priyanka completed her Bachelor's degree in Marketing at Concordia University and has published work that has been mentioned in various news media. She is passionate about money management and educating Canadian consumers about how to take control of their financial lives.

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