| Flytrippers opinion: A premium card with 6 airport lounge passes and good earn rates. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
 |
Flytrippers Valuation of Welcome bonus (net value) |
ends November 30th via BMO secure application link |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
$ 354ⓘ Rewards: $853 Card fee: $499 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Card eligibility
min. income: $150k OR $200k (household) Welcome bonus eligibility must not have had this specific card before |
BMO Rewards (more simple) + $400 in credits
Bonus: 50k pts (OR 120k pts with full bonus) Earn on min. spend: 18k pts (total: 68k pts) • $453 for any travel booked anywhere • $453 in cashback indirectly with the refundable hotel trick |
How to unlock bonus
spend $6,000 in 3 months Interest rates: Purchases: 20.99% Cash advances: 23.99% Cash advances (QC): 21.99% |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 (3 separate bonuses)
50,000 points Bonus after spending $6,000 (in a maximum of 3 months)
*30,000 points Additional bonus after spending $30,000 (in a maximum of 6 months)
*40,000 points Additional bonus after spending $75,000 (in a maximum of 12 months)
*NOT INCLUDED IN OUR FLYTRIPPERS VALUATION
50,000 points Total with the main part of the bonus
*120,000 points Total with the 3 parts of the bonus
*NOT INCLUDED IN OUR FLYTRIPPERS VALUATION
━
Earn on the minimum spending requirement
18,000 points Estimated earn on the minimum spending requirement of $6,000 (50% at multiplier earn rate of 5 pts/$ and 50% at base earn rate of 1 pt/$)
*75,000 points Minimum earn on the additional spending requirement of $75,000 (at base earn rate of 1 pt/$)
*NOT INCLUDED IN OUR FLYTRIPPERS VALUATION
━
Total rewards by unlocking the welcome bonus
68,000 points Main part of the welcome bonus + earn on the minimum spending requirement to unlock it
*213,000 points Entire welcome bonus + earn on the minimum spending requirement to unlock it
*NOT INCLUDED IN OUR FLYTRIPPERS VALUATION
Value of the welcome bonus offer
(at our Flytrippers Valuation of 0.67¢/pt)
$333 Welcome bonus (50,000 pts)
$120 Earn on the spending requirement (18,000 pts)
$200 Lifestyle credit (in 2024)
$200 Lifestyle credit (in 2025)
–$499 Card fee (deducted from Valuation)
$354 Total net value by unlocking the welcome bonus alone
‣Learn more about our Flytrippers Valuation of welcome bonuses
━
Effective return rate
5.9% Return on the minimum spending requirement ($354 on $6,000 in 3 months)
‣Learn more about effective return rates (coming soon)
━
Rewards acquisition summary
$853 Rewards you get for $499
Value of redemption options (welcome bonus)
For each available redemption option, here is the value of the 68,000 BMO Rewards points you get by unlocking the welcome bonus:
$453 Travel booked on any website
$453 Cashback indirectly with the refundable hotel trick
$453 Deposit in a BMO investment account
≈ $340 Merchandise
≈ $340 Gift cards
$224 Statement credit
‣Learn more about the best redemptions of BMO Rewards points (coming soon)
━
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 68,000 BMO Rewards points for:
68,000 pts Discount of $453 on travel booked on any website
‣Learn more about the best redemptions of BMO Rewards points (coming soon)
━
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 68,000 BMO Rewards points for:
68,000 pts Cashback of $453 with the refundable hotel trick
‣Learn more about the best redemptions of BMO Rewards points (coming soon)
━
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 68,000 BMO Rewards points for:
68,000 pts Deposit of $453 in a BMO investment account
‣Learn more about the best redemptions of BMO Rewards points (coming soon)
━
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)
Expiry
BMO Rewards points never expire if you have the BMO eclipse Visa Infinite Privilege* Card and if you don’t want to renew, you can downgrade it to a no-annual-fee card to keep your points indefinitely.
‣Learn more about BMO Rewards points expiry (coming soon)
━
Pooling
BMO Rewards points cannot be pooled with travel companions.
‣Learn more about pooling BMO Rewards points (coming soon)
━
Transfers
BMO Rewards points cannot be transferred to more valuable rewards programs.
‣Learn more about transferring BMO Rewards points (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)
━
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 rate
5 points per $ (3.33%):
1 point per $ (0.67%):
‣Learn more about credit card earn rates (coming soon)
━
Earning with additional cards
Fee for additional cards: $99
Quantity allowed: 9
Minimum age: 13
‣Learn more about additional cards (coming soon)
6 free annual passes for VIP airport lounges worldwide
You get 6 free passes to enter 1,200+ airport lounges around the world, including 21 in 8 Canadian airports. All DragonPass lounges (Visa Airport Companion by DragonPass).
‣Learn more about the airport lounge access
━
Priority lanes in select Canadian airports
Access a priority lane for security checkpoints in select Canadian airports.
‣Learn more about the Visa Infinite Privilege security benefit (coming soon)
━
25% bonus points by adding additional card
Increase the card’s earn rates by 25% by adding an additional card with $99 fee (break even at 5940 points earned).
‣Learn more about the BMO 25% bonus benefit (coming soon)
━
Visa Infinite luxury benefits
Access to a 24/7 travel concierge, and luxury benefits at hotels, restaurants, and more.
‣Learn more about Visa Infinite benefits (coming soon)
━
Parking and valet service discounts in select Canadian airports
Get discounted prices on parking and valet services in select Canadian airports.
‣Learn more about the Visa Infinite Privilege airport benefit (coming soon)
━
Visa Infinite Hotel Collection
You get exclusive perks at some expensive luxury hotels.
‣Learn more about the Visa Infinite Hotel Collection (coming soon)
━
Visa Infinite Dining and Wine Country program
You get access to exclusive expensive gourmet experiences.
‣Learn more about the Visa Infinite Dining and Wine Country program (coming soon)
━
Visa Infinite Entertainment Access
You get exclusive access to tickets to curated events across Canada throughout the year, including the Toronto International Film Festival.
‣Learn more about the Visa Infinite Entertainment Access program (coming soon)
━
Visa Infinite Troon Golf
Receive elevated Troon Rewards Silver Status at over 95 courses and 10% off on green fees, merchandise, and lessons at participating Troon Rewards golf courses.
‣Learn more about the Visa Infinite Troon Golf program (coming soon)
Insurance included
Medical travel insurance for 22 days (64 years and under)
Medical travel insurance for 3 days (65 years and over)
Flight delay insurance ($1000, 4hr minimum)
Baggage delay insurance
Trip cancelation insurance
Trip interruption insurance
Rental car insurance
Lost or stolen luggage insurance
Hotel burglary insurance
Travel accident insurance
Mobile device insurance
Purchase insurance
Extended warranty
‣Learn more about the BMO eclipse rise Visa* Card’s insurance coverage (coming soon)
━
Insurance not included
None
‣Learn more about the different types of insurance coverage (coming soon)
Card eligibility
Minimum income: $150,000 (personal) OR $200,000 (household)
Age: Majority in your province
Estimated credit score: Excellent
Credit bureau: Equifax Canada
‣Learn more about credit card eligibility requirements (coming soon)
━
Welcome bonus eligibility
You must not have already had the BMO eclipse Visa Infinite Privilege* Card
‣Learn more about credit card welcome bonus eligibility rules (coming soon)
━
Offer end date
Offer ends November 30th, 2024
‣Sign up for Flytrippers’ free newsletter about travel rewards to get all card updates
━
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: $499
Fee for additional card: $99
Foreign transaction 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)
Welcome offer: Get up to 90,000 points*
Earn 5x the BMO Rewards points on groceries, dining, drugstore purchases, gas and travel*
Get 1 BMO Reward for every $1 spent on everything else*
Get a $200 annual lifestyle credit to spend however you want*
Mobile Device Insurance that covers you for up to $1,000*
Earn 25% 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
Enjoy a Visa Airport Companion membership and 6 complimentary airport lounge visits per year – valued at more than $250 USD.*
Airport experiences along with Priority Security Lane, airport parking and valet service discounts at select Canadian airports*
Enjoy the Visa Infinite Dining Series and Visa Infinite Wine Country*
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
We’ll help you know everything about your rewards and your card so you can maximize them!
Join 100,000+ savvy Canadians who get the best newsletter for travelers.
Terms & conditions — Travel rewards
†Terms and conditions apply.
This content is not sponsored. However, this page may contain some affiliate links that allow Flytrippers to earn a commission at absolutely no cost to you. Thank you for using our links and helping us keep all our content free for everyone. This helps us fulfill our mission of helping Canadians travel more for less.
The views and opinions expressed on this page are purely our own. They have not been provided, approved, endorsed, or ratified by any third party mentioned on the site.
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 $354
Terms and conditions apply
Apply now for the BMO eclipse Visa Infinite Privilege* Card and get a welcome bonus worth $354!