- New cards provide customers with accelerated rewards earning
potential and redemption flexibility leveraging Visa's payment
network, scale and benefits
- Customers earn 5x the points on everyday purchases that are
tailored to their daily spending habits
TORONTO, Nov. 3, 2020 /CNW/ - BMO Bank of
Montreal and Visa Canada have
worked together to launch the new BMO eclipse Visa Infinite* and
BMO eclipse Visa Infinite Privilege credit cards. The new cards are
designed to meet the everyday lifestyle needs of Canadians and
provide greater earning potential and flexibility on rewards. The
BMO eclipse Visa Infinite cards also leverage the bank's refreshed
BMO Rewards loyalty program and Visa's brand, scale and global
acceptance footprint, to bring customers a suite of best-in-class
credit cards.
Customers will now experience:
- BMO eclipse Visa Infinite – A premium card designed
for digitally-savvy millennials that offers 5x the points in
everyday categories including dining, groceries, gas, transit and
rideshare, a $50 annual lifestyle
credit and 10 per cent more points when a secondary cardholder is
added, mobile insurance coverage, as well as unique entertainment,
dining and travel experiences.
- BMO eclipse Visa Infinite Privilege – A luxurious,
metal card that provides customers with unparalleled travel and
lifestyle benefits, and access to elevated and specially curated
experiences. Cardholders will receive 5x the points in everyday
categories including dining, groceries, gas, drugstore and travel
and a $200 annual lifestyle credit.
While travelling, primary cardholders can receive six lounge
passes, airport parking and valet, and robust travel insurance.
When a second cardholder is added, customers will earn 25 per cent
more points.
"With these new cards, we have completely re-imagined what a
rewards credit card can be," said Erminia
(Ernie) Johannson, Group Head, North American Personal and
Business Banking, BMO Financial Group. "We took the time to listen
to the needs of our customers when creating these cards and
understand that their needs are evolving. We have built these cards
to better fit with what Canadians are now looking for: immediate
and relevant rewards. We are especially excited by how Canadians
will benefit from the BMO eclipse Visa Infinite card and our
customers can now take advantage of cards that deliver exclusive
benefits and that rewards their everyday purchases. We are always
looking for opportunities to help Canadians make real financial
progress, and working with Visa Canada to launch these two cards is
one of the many ways we are doing this."
"We are thrilled to collaborate with BMO to offer their
cardholders greater choice, flexibility and security through access
to Visa's leading capabilities and benefits," said Stacey Madge, President & Country Manager,
Visa Canada. "When banking innovation meets payments innovation,
the possibilities are endless. Together we are redefining the
cardholder experience by meeting the unique lifestyle needs of
Canadians in our ever-changing, dynamic world."
According to BMO Economics, the Canadian economy has
outperformed most expectations through the early stages of the
recovery from the pandemic with consumers playing a vital role.
While economic challenges persist for certain sectors, spending in
areas like groceries, general merchandise, and electronics have all
seen an increase.
To help Canadians, the new BMO eclipse Visa credit cards are
designed to reward customers on everyday purchases. The cards offer
a competitive and accelerated earn rate, where customers earn 5x
the points on those purchases and one BMO Reward for every dollar
spent. New eclipse cardholders also have access to best-in-class
Visa benefits including virtual and in-person dining events through
the Visa Infinite Dining Series, the Visa Infinite Hotel Collection
and access to unique experiences through Visa's sponsorship of
world renowned events and organizations.
To learn more about the new BMO eclipse Visa Infinite and BMO
eclipse Visa Infinite Privilege credit cards, please visit:
www.bmo.com/youreclipse
About BMO Financial Group
Serving customers for
200 years and counting, BMO is a highly diversified financial
services provider - the 8th largest bank, by assets, in
North America. With total assets
of $974 billion as of July 31, 2020, and a team of diverse and highly
engaged employees, BMO provides a broad range of personal and
commercial banking, wealth management and investment banking
products and services to more than 12 million customers and
conducts business through three operating groups: Personal and
Commercial Banking, BMO Wealth Management and BMO Capital
Markets.
About Visa Inc.
Visa Inc. (NYSE: V) is a world leader
in digital payments. Our mission is to connect the world through
the most innovative, reliable and secure payment network - enabling
individuals, businesses and economies to thrive. Our advanced
global processing network, VisaNet, provides secure and reliable
payments around the world, and is capable of handling more than
65,000 transaction messages a second. Our relentless focus on
innovation is a catalyst for the rapid growth of digital commerce
on any device for everyone, everywhere. As the world moves from
analog to digital, Visa is applying our brand, products, people,
network and scale to reshape the future of commerce. For more
information, visit visa.ca,
usa.visa.com/visa-everywhere/blog.html and @VisaCA.
*Visa, Visa Infinite and Visa Infinite Privilege are trademarks
of Visa International Service Association and used under
license.
SOURCE BMO Financial Group