| Flytrippers opinion: A new card with one of the highest welcome bonuses for no-annual-fee cards. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Flytrippers Valuation of Welcome bonus (net value) |
ends November 30th via BMO secure application link |
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$ 192ⓘ Rewards: $192 Card fee: $0 |
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Card eligibility
no minimum income required Welcome bonus eligibility must not currently have this card |
BMO Rewards (more simple)
Bonus: 25k pts Earn on min. spend: 3750 pts (total: 28,750 pts) • $192 for any travel booked anywhere • $192 in cashback indirectly with the refundable hotel trick |
How to unlock bonus
spend $1,500 in 3 months Interest rates: Purchases: 20.99% Cash advances: 23.99% Cash advances (QC): 21.99% |
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| Terms and conditions apply. Flytrippers editorial opinion only. BMO is not responsible for maintaining the content on this site. Please click "Apply Now" to see most up-to-date information. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Welcome bonus structure
20,000 points Bonus after spending $1,500 (in a maximum of 3 months)
2,500 points Bonus for full payments on time (12 first months)
2,500 points Bonus for using 12,000 points (12 first months)
25,000 points Total with the 3 parts of the bonus
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Earn on the minimum spending requirement
3,750 points Estimated earn on the minimum spending requirement of $1,500 (at multiplier earn rate of 2.5 pts/$)
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Total rewards by unlocking the welcome bonus
28,750 points Welcome bonus + earn on the minimum spending requirement to unlock it
Value of the welcome bonus offer
(at our Flytrippers Valuation of 0.67¢/pt)
$133 Welcome bonus (20,000 pts)
$17 Payments bonus (2,500 pts)
$17 Uses bonus (2,500 pts)
$25 Earn on the spending requirement (3,750 pts)
–$0 Card fee (no annual fee)
$192 Total net value by unlocking the welcome bonus alone
‣Learn more about our Flytrippers Valuation of welcome bonuses
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Effective return rate
13% Return on the minimum spending requirement ($192 on $1,500 in 3 months)
‣Learn more about effective return rates (coming soon)
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Rewards acquisition summary
$192 Rewards you get for $0
Value of redemption options (welcome bonus)
For each available redemption option, here is the value of the 28,750 BMO Rewards points you get by unlocking the welcome bonus:
$192 Travel booked on any website
$192 Cashback indirectly with the refundable hotel trick
$192 Deposit in a BMO investment account
≈ $144 Merchandise
≈ $144 Gift cards
$96 Statement credit
‣Learn more about the best redemptions of BMO Rewards points (coming soon)
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Value of redemption options (per point)
For each available redemption option, here is the value per BMO Rewards point to help you understand:
0.67¢ Travel booked on any website
0.67¢ Cashback indirectly with the refundable hotel trick
0.67¢ Deposit in a BMO investment account
≈ 0.5¢ Merchandise
≈ 0.5¢ Gift cards
0.33¢ Statement credit
‣Learn more about the basics of the values per point (coming soon)
Redemptions for travel
The more simple type of rewards redemption, with a fixed value. It is worth less but gives you more flexibility. BMO Rewards points are really as simple as points can be, as you can use them to simply erase any travel expense booked on any site.
Redeem your 28,750 BMO Rewards points for:
28,750 pts Discount of $192 on travel booked on any website
‣Learn more about the best redemptions of BMO Rewards points (coming soon)
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Redemptions for cashback indirectly
The refundable hotel trick is usually useful for credits, but BMO Rewards points can be cashed out by booking a refundable hotel, by applying the points, and by getting a refund.
Redeem your 28,750 BMO Rewards points for:
28,750 pts Cashback of $192 with the refundable hotel trick
‣Learn more about the best redemptions of BMO Rewards points (coming soon)
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Redemptions for investments
Also a redemption of the more simple type, with a fixed value. BMO Rewards points are among the very few that offer a non-travel redemption that doesn’t have a lower value than travel redemptions. You can use your points to get a deposit in a BMO investment account at the same fixed value.
Redeem your 28,750 BMO Rewards points for:
28,750 pts Deposit of $192 in a BMO investment account
‣Learn more about the best redemptions of BMO Rewards points (coming soon)
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Redemptions for anything other than travel (except BMO investments)
Should always be avoided, as with all rewards!
‣Learn more about why you should always redeem your rewards for travel (coming soon)
Logistics
BMO Rewards points can be used directly on the BMO Rewards website.
‣Learn more about how to get started with the BMO Rewards program (coming soon)
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Expiry
BMO Rewards points never expire if you have the BMO eclipse rise Visa* Card (and it’s a no-annual-fee card so there’s no reason to close it).
‣Learn more about BMO Rewards points expiry (coming soon)
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Pooling
BMO Rewards points cannot be pooled with travel companions.
‣Learn more about pooling BMO Rewards points (coming soon)
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Rewards program summary
Rewards: BMO Rewards points
Source: Bank rewards
Type: More simple
Flytrippers Valuation: 0.67¢ per point
Minimum value: 0.67¢ per point
Maximum value: 0.67¢ per point
Transferable: No
‣Learn more about rewards programs basics (coming soon)
Earn rates
2.5 points per $ / 5 points per $2 (1.66%):
0.5 points per $ / 1 point per $2 (0.33%):
‣Learn more about credit card earn rates (coming soon)
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Earning with additional cards
Fee for additional cards: $0
Quantity allowed: N/A
Minimum age: N/A
‣Learn more about additional cards (coming soon)
Annual bonus for full payments on time
Get 2,500 points ($17) at every renewal if you paid your full balance on time each of the 12 months of the year.
‣Learn more about the BMO payments bonus (coming soon)
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Annual bonus for points uses
Get 2,500 points ($17) at every renewal if you used at least 12,000 points for travel (or the non-recommended statement credits) in the 12 months of the year.
‣Learn more about the BMO uses bonus (coming soon)
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Promotion for balance transfers
Get a 0.99% introductory interest rate for 9 months, with a transfer fee of 2% (only recommended for those who currently carry unpaid balances on cards).
‣Learn more about balance transfer promotions (coming soon)
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Discount on rental cars
Get a variable discount by using a special promo code (CID) at certain locations with National Car Rental (3717122) and Alamo Rent A Car (7014883).
‣Learn more about the BMO car rental benefit (coming soon)
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Free BMO PaySmart installment plan (QC excluded)
Get a free BMO PaySmart installment plan for 1 purchase of $100-$1000 every 24 months (Québec residents already have no fees but are charged interest rates).
‣Learn more about the BMO PaySmart benefit (coming soon)
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Card made with 100% recyclable PVC
In case this matters to you.
‣Learn more about cards from recycled plastic (coming soon)
Insurance included
Mobile device insurance
Purchase insurance
Extended warranty
‣Learn more about the BMO eclipse rise Visa* Card’s insurance coverage (coming soon)
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Insurance not included
Medical travel insurance
Flight delay insurance
Baggage delay insurance
Trip cancelation insurance
Trip interruption insurance
Rental car insurance
Lost or stolen luggage insurance
Hotel burglary insurance
Travel accident insurance
‣Learn more about the different types of insurance coverage (coming soon)
Card eligibility
Minimum income: $0
Age: Majority in your province
Estimated credit score: Good
Credit bureau: Equifax Canada
‣Learn more about credit card eligibility requirements (coming soon)
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Welcome bonus eligibility
You must not currently have the BMO eclipse rise Visa* Card
‣Learn more about credit card welcome bonus eligibility rules (coming soon)
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Offer end date
Offer ends November 30th, 2024
‣Sign up for Flytrippers’ free newsletter about travel rewards to get all card updates
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Card details
Issuer: BMO (Bank of Montreal)
Network: Visa
Card Type: Credit card
Product Type: Personal card
‣Learn more about credit card types (coming soon)
Fees and rates
Card fee: $0
Fee for additional card: $0
FX fee: 2.5%
Purchases annual interest rate: 20.99%
Cash advance and balance transfer annual interest rate: 23.99% (21.99% for Québec residents)
Balance transfer APR: 23,99%
Cash advance fee: $5
‣Learn more about why Flytrippers recommends ignoring fees and rates (coming soon)
Get up to 25,000 bonus points in your first anniversary!*
* Get 20,000 points when you spend $1,500 – that’s a $133 value in your first 3 months!* Plus, earn up to 5,000 bonus points:- 2,500 points for setting up your digital wallet and 2,500 points for setting up pre-authorized payments in the first 3 months.*
Get a 0.99% introductory interest rate on Balance Transfers for 9 months, 2% fee applies to balance amounts transferred.*
Earn 5x the BMO Rewards points for every $2 spent on recurring bill payments, groceries, dining and takeout.* Then get 1 point for every $2 spent on everything else!*
Mobile Device Insurance that covers you for up to $1,000*
Earn 10% more points when you add an authorized user to your account*
Pay with Points by browsing your recent transactions & redeem your points for as little as $1
Receive a discount on car rentals*
Purchase Protection*
Extended Warranty*
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
*Terms and conditions apply
via BMO secure application
*Beta version of card page. Sign up to get updated guide soon.*
Terms & conditions — Travel rewards
†Terms and conditions apply.
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Financial institutions are not responsible for updating or ensuring the accuracy of the information on Flytrippers’ website. All the information was independently collected by Flytrippers and not provided by financial institutions.
All offers described on the Flytrippers website are subject to the financial institutions’ latest terms and conditions, which can be found on their official website. No efforts are spared to ensure this page is up to date but offers from financial institutions change quickly. It is your responsibility to ensure the accuracy of these offers on their website. Flytrippers will not accept any responsibility for the accuracy of the offers or the result of your actions.
Flytrippers’ website does not contain all available credit card offers or all available credit card products on the market. In addition, Flytrippers never shares an offer if it is not considered advantageous for some travelers, at its sole discretion.
No author on Flytrippers’ website is a financial advisor, a financial planner, a legal professional, or a tax professional. No author on Flytrippers’ website can in any way be considered as such.
All articles, pages, and content on Flytrippers’ website are merely personal opinions of a general nature and are for informational purposes only and should not be considered advice for specific situations. It is your responsibility to perform your own personal research to ensure that travel rewards are appropriate for your own situation.
You can learn more about our terms of use here.
Valuation $192
Terms and conditions apply
Apply now for the BMO eclipse rise Visa* Card and get a welcome bonus worth $192!