bmo cashback mastercard

BMO CashBack® Mastercard®

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BMO Eclipse Rise Visa Card

BMO eclipse rise Visa* Card

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BMO CashBack® Mastercard® vs BMO eclipse rise Visa* Card: Which one is better?


bmo cashback mastercard

BMO CashBack® Mastercard®

3.2


RECOMMENDED CREDIT SCORE*

300
Poor
560
Fair
660
Good
725
Very Good
760
Excellent

BMO Eclipse Rise Visa Card

BMO eclipse rise Visa* Card

3.5


RECOMMENDED CREDIT SCORE*

300
Poor
560
Fair
660
Good
725
Very Good
760
Excellent

Rewards Breakdown

Annual Rewards

$238.05


First Year Bonus Value

$94.3


Annual Fee

$0


First Year Value

$332.35

$238.05 in years after

Based on $2,000/mo average spending. Calculate your rewards.

Rewards Breakdown

Annual Rewards

$144.23

BMO Rewards


First Year Bonus Value

$134

BMO Rewards


Annual Fee

$0


First Year Value

$278.23

$144.23 in years after

Based on $2,000/mo average spending. Calculate your rewards.

Insurance Included*

  • extended warranty

    Extended Warranty

    1 year
  • purchase protection

    Purchase Protection

    90 days

Insurance Included*

  • extended warranty

    Extended Warranty

    1 year
  • purchase protection

    Purchase Protection

    90 days

  • mobile device insurance

    Mobile Device Insurance

    $1,000

Extra Benefits*

  • gas station

    Gas Discount

    Save up to 7 cents per litre at Shell stations when linked with Air Miles

  • car rental

    Car Rental Discount

    Save up to 20% on National Car Rental® and Alamo Rent A Car® and up to 5% on Enterprise Rent-A-Car® at locations worldwide using the Car Rental Booking tool.
  • discount

    Hotel Booking Discount

    Save up to 7% on your Booking.com prepaid hotel or property rental bookings at booking.com/mastercardcanada.
  • discount

    Discount

    Get 20% off admission to Cirque du Soleil shows touring Canada, and 15% off resident shows in Las Vegas.

Extra Benefits*

  • gas station

    Gas Discount

    Up to 7 cents off per litre on Shell® fuel if you are an AirMiles collector

  • reward cup

    Extra points

    2,500 bonus points per year for paying full credit card bill on time for 12 consecutive months
  • reward cup

    Extra points

    Another 2,500 bonus points for redeeming at least 12,000 points annually towards your statement balance with Pay with Points

Interest Rates*

Purchase:

21.99%1

Cash Advance:

23.99%1

Balance Transfer:

23.99%1

Interest Rates*

Purchase:

21.99%2

Cash Advance:

23.99%2

Balance Transfer:

23.99%2

Annual Fee*

$0

Annual Fee*

$0

Income Required*

Min Personal Income:

$15,000

Min Household Income:

N/A

Income Required*

Min Personal Income:

N/A

Min Household Income:

N/A

Welcome Bonus*

Get up to 5% cash back in your first 3 months and a 0.99% introductory interest rate on Balance Transfers for 9 months with a 2% transfer fee*.

Welcome Bonus*

Get 20,000 points when you spend $1,500 in the first 3 months and a 0.99% introductory interest rate on Balance Transfers for 9 months with a 2% transfer fee. Plus, earn up to 5,000 bonus points every year (2,500 bonus points for redeeming at least 12,000 points annually towards your statement balance with Pay with points + 2,500 bonus points for paying your full credit card balance on time for 12 consecutive months).

Rewards Rate*

  • 3% cash back on grocery purchases (maximum $15 per statement)
  • 1% cash back on recurring payments like bills or subscriptions (maximum $5 per statement)
  • 0.5% cash back on all other purchases

Rewards Rate*

  • 2.5x points per $1 spent on eligible dining, groceries and recurring bill payments (up to $5,000 spent per category)
  • 0.5x point per $1 spent on all other eligible purchases

Loyalty Program*

N/A

Loyalty Program*

Point Redemption Options*

Not Applicable

Point Redemption Options*

  • Most Optimal

    travel - plane

    Travel

    0.67¢ / point
  • finance money dollar

    Financial Products

    0.67¢ / point
  • entertainment popcorn

    Entertainment

    0.64¢ / point
  • cash coins

    Statement Credits (Cash)

    0.5¢ / point
  • gift card

    Gift Cards

    0.48¢ / point
  • online shop

    Merchandise

    0.45¢ / point

Is this card worth it?

This is a great basic cashback credit card for those that prefer no annual fees while getting one of the highest cashback rates on groceries. You also have the additional benefit of redeeming cashback at any point without needing to wait.

Is this card worth it?

The BMO Eclipse Rise Visa is an excellent choice for those who want to earn rewards without paying an annual fee. It offers solid bonus categories like dining, groceries, and bills, and includes rare perks such as mobile device insurance. The card is ideal for newcomers or those looking to build their credit while enjoying the benefits of a no-fee rewards card with simple, everyday earnings. If you frequently spend in the bonus categories, this card provides good value without any added costs.

Pros

  • No annual fee, making it a cost-effective option.
  • Up to 3% cash back on groceries and 1% on recurring bill payments.
  • Save up to 7 cents per litre at Shell stations when linked with Air Miles.

Pros

  • No annual fee: This card comes with no annual fee, making it an affordable option for earning rewards.
  • Bonus categories: Earn 5 points per $2 spent on dining, groceries, and recurring bills.
  • Mobile device insurance: Includes $1,000 mobile device coverage, a rare perk for a no-fee card.
  • Welcome bonus: Earn up to 20,000 points ($134 value) after spending $1,500 in the first 3 months.
  • Annual bonus points: Earn up to 5,000 bonus points yearly when you complete certain actions, such as paying your bill on time.
  • Fuel savings: Save up to 7 cents per litre at Shell when you link your BMO and Air Miles accounts.

Cons

  • Low base earn rate of 0.5% cash back on non-bonus purchases.
  • Limited insurance coverage (extended warranty and purchase protection only).

Cons

  • Low base earn rate: Only 1 point per $2 spent on non-bonus categories, providing a low return of 0.335%.
  • Low point value: Points are valued at 0.67 cents each, reducing the overall reward potential.

Legal


*BMO is not responsible for maintaining the content on this site. Please click on the Apply now link for the most up to date information. Check here for full details and current product information.
1,2 Terms and conditions apply. Each balance transfer is subject to a fee of 2% which will be charged to your account on the date the balance transfer is posted to your Account.

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