BMO CashBack® Mastercard®

BMO eclipse Visa Infinite* Card

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BMO CashBack® Mastercard® vs BMO eclipse Visa Infinite* Card

Which one is better? Both cards worked out on the same spending: rewards, welcome bonus, fees and perks, line by line.

3.2

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Finly rebate

$120

3.6

Apply now Get $120 Finly rebate

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Welcome bonus

Each offer as the issuer words it. The numbers below show whether your spending reaches it.

The offer

Get 5% cash back in your first 3 months*
Get a 0.99% introductory interest rate on Balance Transfers for 9 months, 2% fee applies to balance amounts transferred*

Get up to $1,150 in value including up to 70,000 Bonus points, monthly streaming statement credit, $50 statement credit, and no annual fee in your first year.*
30,000 points when you spend $4,000 in the first 110 days, plus 20,000 points when you spend at least $7,000 in the first 6 months. Receive an additional 20,000 points when you spend at least $12,000 in the first year.

What each card is worth

Rewards, the welcome bonus and any Finly rebate in, the annual fee and FX fees out, all on your spending.

Worked out on a typical $2,000 a month of spending. Enter yours to see your own numbers.

$336

First-year value

$1,023

$238

Every year after

$314

BMO eclipse Visa Infinite is worth $687 more to you in year one.

It stays ahead after that, by $76 a year.

How the first year adds up

Annual rewards

$238.43

cash back a year

Welcome bonus

+ $97.5

first year only

Annual fee

− $0

no annual fee

First-year value

$335.93

Annual rewards

$434

64,776 points a year

Welcome bonus

+ $469

first year only

Annual fee

$120− $0

$120 from year two

Finly rebate

+ $120

paid by FinlyWealth

First-year value

$1,023

0.67¢ a pointBMO Rewards, redeemed for Travel

Where each card earns

A year of your spending at each card's own reward rates, most first.

3%Groceries

$127.71

1%Recurring Transactions

$24

0.5%All other purchases

$86.72

5xFood and drinks

21,000 pts

$140.7

5xFood and drinks, Groceries, Gas, Transportation

16,116 pts

$107.98

5xGas

9,936 pts

$66.57

5xTransportation

4,800 pts

$32.16

1xAll other purchases

12,924 pts

$86.59

Fees, rates and eligibility

What each card costs to hold and to use abroad, and who it's for.

Annual fee

$120

$0 the first year

Additional cards

$50

Interest rates

Purchase:

21.99%¹

Cash Advance:

23.99%¹

Balance Transfer:

23.99%¹

¹ 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.

Purchase:

21.99%

Cash Advance:

23.99%

Balance Transfer:

23.99%

Recommended credit score

300

Poor

560

Fair

660⁎

Good

725⁎

Very Good

760⁎

Excellent

⁎Estimates based on Equifax scoring

300

Poor

560

Fair

660⁎

Good

725⁎

Very Good

760⁎

Excellent

⁎Estimates based on Equifax scoring

Income required

Min Personal Income:

N/A

Min Household Income:

N/A

Min Personal Income:

$60,000

Min Household Income:

$100,000

How each card earns

The earn rates and caps, as each issuer sets them.

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

Earn 5x the BMO Rewards points on groceries, dining, gas and transit.*
Get 1 BMO Reward for every $1 spent on everything else.*

Points and how we value them

Points become dollars at each card's best redemption. Here's the value we used, and every other way to spend them.

Loyalty program

Cash back: every dollar it earns counts as a dollar, so there's nothing to convert.

BMO Rewards

We count each point at 0.67¢ a point, what it's worth redeemed for Travel, its best value. Every dollar figure above uses that value.

Point redemption options

Nothing to redeem: it pays cash back.

Most Optimal

Travel

0.67¢ / point

Financial Products

0.67¢ / point

Entertainment

0.64¢ / point

Statement Credits (Cash)

0.5¢ / point

Gift Cards

0.48¢ / point

Merchandise

0.45¢ / point

Insurance and perks

What both cards include comes first in each list.

Insurance

Extended Warranty

1 year

Purchase Protection

90 days

Extended Warranty

1 year

Purchase Protection

90 days

Car Rental Damage & Theft

$65K up to 48 days

Common Carrier Travel Accident Insurance

$500,000

Mobile Device Insurance

$1,000

Travel Medical Insurance (64 & under)

$5M up to 15 days

Perks

Discount

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

Discount

Enjoy three months of Instacart+ and a $5 monthly Instacart credit when you enroll your eligible BMO Credit Card.*

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.

Hotel Booking Discount

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

Discount

Enjoy six months of Instacart+ and a $10 monthly Instacart credit when you enroll your eligible BMO Credit Card.*

Visa Infinite Exclusive Benefits

Exclusive luxury hotel collection, unique dining and wine events

Concierge Services

Golf Benefit

Troon Rewards Golf benefits like discounts at over 95 resorts and courses around the world plus access to select private clubs across the U.S

Anniversary Credit

Get a $50 anniversary lifestyle credit

Our take

Why we like 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.

This card is ideal for individuals who want to maximize rewards on everyday purchases like dining, groceries, and transit while benefiting from a generous welcome bonus and lifestyle credit. However, the point value and high income requirements may be limiting for some.