- New no-annual fee credit card offers accelerated rewards
earning opportunities and redemption flexibility.
- Customers are rewarded with bonus points for good financial
habits and get access to one free BMO
PaySmart plan with, no fees and interest, every two
years.
TORONTO, Dec. 13,
2023 /CNW/ - BMO today announced the launch of its
new BMO eclipse rise Visa card – a new, no-annual-fee credit
card with no minimum income requirement that is ideal for Gen Z and
Millennials as they look to build their financial literacy. The new
card also rewards cardholders for establishing good financial
habits, helping young Canadians make real financial progress as
their financial needs and priorities evolve.
According to the BMO Real Financial Progress Index, Gen Z
(ages 18 to 24) (93 per cent) and younger Millennials (ages 25 to
34) (88 per cent) are the most interested in learning more about
personal finance topics including saving and investing, budgeting,
credit scores and homebuying – more than any other generation.
"As young Canadians embark on their financial journey and begin
managing their finances for the first time, they benefit from
convenient tools that will help them navigate responsible spending
and credit building, improve their financial literacy and establish
good financial habits," said Andras
Lazar, Vice-President, Product, Partnerships &
Innovation – Credit Cards, BMO. "We've reimagined what a
no-annual-fee rewards credit card can look like for Millennials and
Gen Z. The new BMO eclipse
rise Visa card offers a flexible, personalized card that
encourages good financial habits with tailored rewards, enabling
customers to make progress toward their financial goals."
The new BMO eclipse rise Visa card offers additional
benefits including:
- Welcome Offer: New applicants can earn up to 25,000
BMO Rewards points in the first year, including 20,000 welcome
points for spending $1,500 in the
first three months. In addition, they can earn up to 5,000 bonus
points annually when demonstrating good financial habits:
- Earn 2,500 bonus points when cardholders redeem at least 12,000
points towards their credit card statement each year
- An additional 2,500 bonus points when the full credit card
balance is paid on time every month.
- Accelerated Rewards Earning
Opportunities: Cardholders get 5 points for every
$2 spent on everyday categories
including dining and take-out, groceries and recurring bill
payments, and one point for every $2
spent on all other purchases.
- BMO PaySmart: Customers will also receive
one Free BMO PaySmart installment plan, with no fees and interest,
every two years on a purchase of their choice.
- Mobile Device Insurance: Cardholders will also benefit
from Mobile Device Insurance, which provides coverage of up to
$1,000.
To learn more about the new BMO eclipse rise Visa card
and other BMO eclipse Visa credit cards, please visit:
www.bmo.com/rise.
To learn more about how BMO helps customers make financial
progress, visit www.bmo.com/main/personal.
About BMO Financial
Group
BMO Financial Group is the eighth largest bank in North America by assets, with total assets of
$1.3 trillion as of October 31, 2023. Serving customers for 200 years
and counting, BMO is a diverse team of highly engaged employees
providing a broad range of personal and commercial banking, wealth
management, global markets and investment banking products and
services to 13 million customers across Canada, the United
States, and in select markets globally. Driven by a single
purpose, to Boldly Grow the Good in business and life, BMO
is committed to driving positive change in the world, and making
progress for a thriving economy, sustainable future, and inclusive
society.
SOURCE BMO Financial Group