BMO eclipse Visa Infinite Privilege Card Review

4.45

$499.00

Annual Fee

$450.24

Annual Rewards

50,000 points

Intro Offer

$499.00

Annual fee

$450.24

Annual rewards

50,000 points

Intro offer


Pros


  • Earn 5 BMO Rewards points per dollar on dining & groceries
  • Earn 2 BMO Rewards points per dollar on gas, travel, and drugstore purchases
  • Earn 1 BMO Rewards point per dollar on everything else
  • 25% points boost with a minimum monthly spend of $5,500
  • Complimentary Priority Pass membership with 6 free lounge visits per year
  • Comprehensive suite of travel insurance coverage
  • $200 annual travel credit

Cons


  • High annual fee of $499
  • Requires a minimum personal income of $150,000 or household income of $200,000
  • Foreign transaction fee of 2.5%
  • Limited value for those not interested in travel rewards
  • Less well-known card with potentially fewer perks compared to competitors

How you earn rewards

Each card earns rewards differently. Part of choosing your card is deciding what type of rewards you want to get. With BMO eclipse Visa Infinite Privilege Card, here’s how you earn rewards:

Pharmacy5 points
Gas5 points
Groceries5 points
Restaurants / Delivery5 points
Travel5 points
All Other Spend1 point

How much your rewards are worth

The dollar value of your rewards depends on the specific BMO rewards program and what you choose to redeem your points for.

For BMO eclipse Visa Infinite Privilege Card in particular, if you spend $2,000.00 per month, here’s our estimated rewards earned depending on which reward you choose:

Redemption methodAnnual rewards
Redeem for travel$450.24
Apply to statement credit$336.00
Gift cards$376.32
Merchandise$362.88
Make investments$450.24
Enjoy experiences$436.80

Calculating your annual rewards

$24,000.00 annual spending x $1.88% return on spending = $450.24 annual rewards

$450.24 annual rewards – $499.00 annual fee = $$-48.76 net annual rewards

Details and eligibility

Do I qualify?
Estimated Credit Score660 – 724
Personal Income$150,000.00
Household Income$200,000.00
Interest Rates
Purchase20.9%
Cash Advance23.9%
Balance Transfer23.9%
Fees
Annual Fee$499.00
Extra Card Fee$0
Card typeVisa

Insurance coverage

Extended Warranty2 years
Purchase Protection120 days
Travel Accident500000
Emergency Medical Term22 days
Emergency Medical over 653 days
Trip Cancellation2500
Trip Interruption5000
Flight Delay1000
Baggage Delay500
Lost or Stolen Baggage1000
Rental Car Theft & DamageYes
Hotel Burglary2500
Mobile Phone Insurance1000

BMO eclipse Visa Infinite Privilege Card Review

The BMO eclipse Visa Infinite Privilege Card is a premium credit card designed for Canadians who are looking to maximize their reward earnings and prefer exclusive travel perks. In this review, we will go through the earning potential, benefits, and drawbacks of this card to help you make an informed decision.

Earning potential with the card

The BMO eclipse Visa Infinite Privilege Card earns points that can be redeemed for travel, statement credits, gift cards, merchandise, and more. The reward rates for different categories are as follows:

  • 5 points per $1 spent on dining, groceries, gas, travel, and drugstore purchases
  • 1 point per $1 spent on all other purchases

Benefit 1: Welcome Bonus

The first major advantage of this card is the generous welcome bonus. New cardholders typically receive a great welcome offer that includes bonus points after meeting a minimum spend requirement within the first few months of card membership.

Benefit 2: Travel Perks

The second major advantage is a suite of travel perks, which include:

  • Priority Pass membership with complimentary lounge visits
  • Priority check-in, boarding, and baggage handling at select airports
  • Travel Emergency Medical Insurance and Trip Cancellation coverage

Benefit 3: Annual Lifestyle Credit

The third major advantage is that the card offers an annual lifestyle credit, providing users with a statement credit towards eligible purchases made on the card. This statement credit can help offset the cost of the annual fee.

Benefit 4: Mobile Device Insurance

The fourth major advantage is mobile device insurance coverage. If your mobile device is lost, stolen, or experiences damage, this card can provide coverage for repair, replacement, or reimbursement up to the maximum insured limit.

Drawback 1: Annual fee

One significant drawback of the BMO eclipse Visa Infinite Privilege Card is its high annual fee. As a premium card, it demands a considerable annual fee which could be a deal-breaker for some users.

Drawback 2: Eligibility requirements

Another significant drawback is the strict eligibility requirements. The minimum income requirement for this card is quite high. This means that many users may not qualify for the card based on their income alone.

Additional information

This card offers Visa Infinite Privilege Concierge Service, giving cardholders access to personalized assistance with travel planning, event bookings, dining reservations, and more. Additionally, cardholders can take advantage of Visa Infinite Dining and Wine Country experiences, which provide special access to luxury events and unique food and wine experiences.

In conclusion, the BMO eclipse Visa Infinite Privilege Card offers significant reward earning potential and exclusive travel benefits for those who qualify. However, the high annual fee and eligibility requirements could deter potential users from applying for this premium credit card option.

Not the right fit? You could consider the BMO CashBack MasterCard for Students. Or, if you’re looking for other options check out the BMO Rewards MasterCard, and the BMO Ascend World Elite MasterCard.

FAQ

With the BMO eclipse Visa Infinite Privilege Card, you can redeem your points for a variety of options, including:

  • Travel: Use your points to book flights, hotels, car rentals, vacation packages, cruises, and more through the BMO Rewards Travel Center.
  • Investments: Redeem your points for various eligible investment options, such as contributing to a BMO investment account or a Registered Saving Plan (RSP).
  • Merchandise: Choose from an extensive selection of merchandise, including electronics, home goods, sporting goods, and fashion items, available through BMO’s online catalog.
  • Gift Cards: Redeem your points for gift cards from popular retailers, restaurants, and entertainment providers.
  • Financial Services: Apply your points towards eligible BMO financial services products, such as paying down your credit card balance or covering banking fees.
  • Charitable Donations: Use your points to make donations to select charitable organizations partnered with BMO Rewards.

The BMO Eclipse Visa Infinite Privilege Card does have a foreign transaction fee. This fee is charged at a rate of 2.5% on any transaction made outside of Canada or in a foreign currency. This fee is typical for Canadian credit cards, and it applies to both purchases and cash advances made in foreign currencies.

The BMO eclipse Visa Infinite Privilege Card has a minimum income requirement of $150,000 for an individual applicant or $200,000 for a household. This requirement must be met in order to be eligible for the card.

Key benefits

  • 5 BMO Rewards points/$1: dining & groceries
  • 2 BMO Rewards points/$1: gas, travel, drugstores
  • 1 BMO Rewards point/$1: other purchases
  • 25% point bonus: $5,500+ monthly spend
  • Priority Pass: 6 annual lounge visits
  • Wide-ranging travel insurance
  • $200 yearly travel credit
  • $499 annual fee
  • Income requirement: $150,000 (personal) / $200,000 (household)
  • 2.5% foreign transaction fee
  • Travel-focused rewards
  • Less prominent card: possible limited advantages

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