Independent ClearFin review · BMO
Start with 25,000 bonus points, worth about $168.
Current new-cardmember offer
Confirm with the issuer
🆓 No-Fee RewardsIts strongest published earn rate in our data is 1.7% on dining. With no annual fee, it can be easier to keep long term without needing rewards to offset a yearly cost.
Checked 2026-08-09 · Official issuer catalogueHow to earn it
Available to new BMO eclipse rise Visa cardholders who meet the offer requirements. Existing BMO Rewards credit cardholders and previous cardholders may not be eligible for the welcome offer. Terms and conditions apply.
Confirm final approval criteria and current rates directly with the issuer.
Applicants typically have the strongest approval odds with a good to very good credit profile. The card is designed to be more accessible than premium Visa Infinite products while still rewarding responsible credit use.
ClearFin estimate on Canada's 300–900 scale. This is not an issuer cutoff or approval guarantee; lenders may use different bureau scores and underwriting criteria. This is an estimated approval range based on industry data, cardholder reports, and the card's target market. BMO does not publish a minimum credit score requirement, and approval decisions consider additional factors such as income, credit history, existing debt, payment history, and overall credit profile.
Reward limits: No earning caps or category spending limits are disclosed on the issuer page. The card earns 5 BMO Rewards points for every $2 spent on eligible recurring bill payments, groceries, dining, takeout, and food delivery purchases, and 1 point for every $2 spent on all other eligible purchases, with no published cap on rewards earning.
Redemption values and availability may vary by option and can change.
Use eligible BMO Rewards points for travel, merchandise, gift cards, investments, or statement credits available through the program.
Redemption values and minimums vary by option; review the current BMO Rewards terms before choosing a redemption.
Consider these extras by the value they add to purchases and experiences you already use.
No Annual Fee
Keep your costs low with no annual fee while still earning accelerated rewards on everyday spending categories.
Mobile Device Insurance
Receive up to $1,000 of coverage against accidental damage, loss, or theft for eligible mobile devices purchased with the card or financed through an eligible wireless plan.
Extended Warranty Insurance
Doubles the original manufacturer's warranty on eligible purchases for up to one additional year.
Purchase Security Insurance
Eligible purchases are protected against theft or accidental damage for 90 days from the purchase date.
Instacart+ Membership
Receive three complimentary months of Instacart+ membership when you enroll your eligible BMO credit card.
Monthly Instacart Credit
Receive a $5 monthly Instacart credit after enrolling your eligible card.
Annual Bonus Points Opportunity
Earn up to 5,000 bonus BMO Rewards points each year through eligible Pay Your Balance and Pay with Points activities.
BMO PaySmart Plan Benefit
Receive one complimentary BMO PaySmart installment plan on an eligible purchase of up to $1,000 every two years.
Visa Secure
Additional online purchase protection and fraud security through Visa Secure.
BMO Alerts
Receive customizable alerts for purchases, international transactions, payment activity, and account security events.
Card Lock and Unlock
Instantly lock or unlock your card through BMO Digital Banking or the BMO Mobile Banking app.
Lost or Stolen Card Management
Report a lost or stolen card and request a replacement through BMO's digital banking tools.
Car Rental Discounts
Access savings and discounts on eligible rentals from participating car rental partners.
Flexible BMO Rewards Redemptions
Redeem points for travel, merchandise, gift cards, statement credits, investments, or everyday purchases through Pay with Points.
No included coverage is verified in ClearFin's current catalogue.
This does not prove that coverage is unavailable. Confirm the issuer's current certificate and benefit guide before relying on protection.
Check the official card page ↗What we like
Worth noting
A practical reading of where the card earns, what the fee buys, and which limits matter.
5x BMO Rewards points per $2 on groceries, dining, takeout & recurring bills. 1x on everything else. No annual fee.
Dining, Groceries receive the strongest estimated return at 1.7%. Purchases outside the accelerated categories earn an estimated 0.33%.
There is no annual fee to recover, which can make the card easier to keep for credit-history length or occasional use. Interest and other transaction fees can still apply.
This card is most relevant for someone who spends consistently on dining and groceries and prefers to avoid a yearly fee.
Compare the purchase interest rate, foreign-transaction fee, approval requirements, reward limits, and insurance certificates. Pay particular attention to merchant-category rules because a store may not receive the reward rate its products appear to suggest.
Issuer terms apply. ClearFin is not affiliated with this provider. How we make money. Card facts were checked against the issuer's official source. The issuer's current catalogue was checked. Any field not explicitly listed remains marked as unverified rather than estimated.
