BMO eclipse Visa Infinite Privilege Card Review
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:
| Pharmacy | 5 points |
| Gas | 5 points |
| Groceries | 5 points |
| Restaurants / Delivery | 5 points |
| Travel | 5 points |
| All Other Spend | 1 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 method | Annual 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 Score | 660 – 724 |
| Personal Income | $150,000.00 |
| Household Income | $200,000.00 |
| Interest Rates | |
|---|---|
| Purchase | 20.9% |
| Cash Advance | 23.9% |
| Balance Transfer | 23.9% |
| Fees | |
|---|---|
| Annual Fee | $499.00 |
| Extra Card Fee | $0 |
| Card type | Visa |
Insurance coverage
| Extended Warranty | 2 years |
| Purchase Protection | 120 days |
| Travel Accident | 500000 |
| Emergency Medical Term | 22 days |
| Emergency Medical over 65 | 3 days |
| Trip Cancellation | 2500 |
| Trip Interruption | 5000 |
| Flight Delay | 1000 |
| Baggage Delay | 500 |
| Lost or Stolen Baggage | 1000 |
| Rental Car Theft & Damage | Yes |
| Hotel Burglary | 2500 |
| Mobile Phone Insurance | 1000 |
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
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
