BMO Eclipse Visa Infinite Privilege Card Review (Feb 2023)

December 16, 2022
Reviews

The BMO Eclipse Visa Infinite Privilege Card is a personal credit card issued by BMO, one of the largest banks in Canada. The BMO Eclipse Visa Infinite Privilege Card has a somewhat high annual fee of $499, but it makes up for it with very generous benefits and a welcome bonus of up to 90,000 points in your first year.

The BMO Eclipse Visa Infinite Privilege Card comes with comprehensive insurance coverage and a complimentary $200 annual lifestyle credit and exclusive access to Visa Infinite benefits. We recommend this card for high-earners in Canada who can afford the high annual fee and take advantage of all the perks.

What Is The BMO Eclipse Visa Infinite Privilege Card? 

The BMO Eclipse Visa Infinite Privilege Card is a personal credit card issued by BMO, one of the largest banks in Canada. The BMO Eclipse Visa Infinite Privilege Card offers excellent reward points, and a very generous 50,000 points welcome bonus if you spend at least $6,000 within three months after applying for the card. You can earn an additional 40,000 bonus points if you spend at least $100,000 within the first twelve months.

The BMO Eclipse Visa Infinite Privilege Card has a high point earn of 5 points per $1 spent on eligible categories, plus a $200 annual lifestyle credit for you to spend however you want. The card offers excellent travel insurance, mobile device insurance, and other great visa infinite benefits perks.

Pros & Cons

Pros

  • Welcome bonus offer of up to 90,000 reward points when you spend a minimum of $100,000 within the first 12 months
  • Reward points of 5x for every $1 spent on grocery purchases 
  • $200 annual lifestyle credit to spend on whatever you want
  • Rental Car Collision/Loss Damage insurance for a rental period of 48 days or less and vehicles up to $85,000 in value
  • You gain 25% additional reward points for including additional cardholders in your account.

Cons

  • High annual fee of $499
  • High minimum income requirements of $150,000 for personal income or $200,000 for household income

BMO Eclipse Visa Infinite Privilege Card Features

  • Welcome Bonus: Up to 50,000 reward points when you spend at least $6,000 within the first three months, and an additional 40,000 BMO reward points when you spend at least $100,000 within the first twelve months 
  • Annual fee: $499 annual fee 
  • Interest rate: 20.99% on purchases & 23.99% for cash advances
  • Earn rewards points per every dollar spent
    • 5x points for every $1 spent on groceries, dining, gas, and transit
    • 1 point for every $1 spent anywhere else
    • Earn 25% more points on all combined purchases when you include an authorized user in your account
  • $200 annual lifestyle credit to spend on whatever you want
  • Access to Visa Infinite Privilege benefits: These benefits include:
    • Visa Airport Companion membership and six complimentary airport lounge visits per annum
    • The Visa Infinite Luxury Hotel Collection has seven exclusive benefits, including a complimentary breakfast.
    • The Visa Infinite Dining Series & Wine Country events
    • Visa Infinite Privilege 24/7 Concierge Services
    • The Visa Infinite Troon Rewards Golf Benefit, which provides discounts at 95 resorts and courses worldwide
  • Travel insurance coverage: including out-of-province emergency medical Insurance, common carrier accident insurance, trip cancellation or interruption insurance, flight delay and baggage insurance for the delay, damage, loss, or theft of baggage
  • Mobile Device Insurance: This benefit includes coverage of up to $1,000 for your lost, stolen, or accidentally damaged mobile device
  • Purchase protection for 1st 120 days and extended coverage on the original manufacturer's warranty by up to one additional year
  • Access to Visa Secure, which safeguards cardholders from monetary loss resulting from fraudulent card use
  • Rental Car Collision/Loss Damage: For a rental period of 48 days or less and vehicles up to $85,000 in value

BMO Eclipse Visa Infinite Privilege Card Eligibility requirements

To be eligible for the card, you:

  • Must be a permanent Canadian resident
  • Must not have declared bankruptcy in the prior seven years
  • Must have attained the majority age in the Canadian province of residence
  • Must earn a minimum annual personal income of $150,000 or household income of $200,000 or
  • Must have incurred a minimum of $50,000 total spent on all your other credit cards collectively within the twelve months preceding application, with a minimum spend of $4,170 per month

How Does the BMO Eclipse Visa Infinite Privilege Card Work?

The BMO Eclipse Visa Infinite Privilege Card earns you reward points on all your purchases, and you can redeem these rewards for a wide range of products and services. 

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BMO Eclipse Visa Infinite Privilege Card Earn Rate

BMO Eclipse Visa Infinite Privilege Card offers reward points to cardholders on all purchases

  • Earn 5X BMO Rewards points for every $1 spent every day on the below categories:
  • Grocery purchases: Earned on both in-store and online shopping
  • Dining: Earned on both dine-in and take out
  • Gas and transit: Earned when you purchase gas at the pump and hail a cab, share a ride, or take transit
  • Earn 1 BMO Rewards point for every $1 spent everywhere else

What Can You Redeem Your BMO Eclipse Visa Infinite Privilege Card Reward Points For?

You can redeem your BMO Eclipse Visa Infinite Privilege Card reward points in limitless ways. Some of the categories you can redeem your points for include: 

Shopping: You can redeem BMO Rewards points to purchase items on your wish list or even to purchase gift cards at your favorite store

Travel: You can redeem your BMO Rewards points by booking a trip through any provider of your choice and using pay with points to cover the cost, including flights, hotels, car rentals, vacation packages, cruises, and more

Investing: You can redeem your BMO Rewards points as a contribution to a BMO Investment account or a charitable donation.

BMO Eclipse Visa Infinite Privilege Card Insurance Coverage

  • Out-of-province emergency medical Insurance: The BMO Eclipse Visa Infinite Privilege Card provides coverage for folks traveling outside their province or territory of residence. The insurance coverage: is usually for reasonable charges arising from sudden and unforeseeable circumstances, could be up to $5,000,000 per insured person per trip, and is available for 22 consecutive days per trip for those less than 65 years old and three days for those 65 years or older as of the trip departure date.
  • Car rental collision/loss damage insurance: The BMO Eclipse Visa Infinite Privilege Card provides insurance coverage for rental car damage or theft and valid rental agency towing charges during the rental period. The rental period must be for at most forty-eight (48) consecutive days, and the rental car should have a Manufacturer's Suggested Retail Price (MSRP) of $85,000 or less.
  • Common carrier accident insurance: The BMO Eclipse Visa Infinite Privilege Card provides coverage for accidental death or bodily injury sustained by a passenger on or while entering or exiting any licensed common carrier. The insurance coverage is usually up to $500,000 per insured person.
  • Trip cancellation or interruption insurance: This insurance coverage is payable when: your trip is canceled, interrupted, or delayed due to a covered reason. The limit on trip cancelation is up to $2,500 per insured person per trip, while the limit on trip interruption or delay is up to $5,000 per insured person per trip.
  • Flight delay insurance: In addition to the trip interruption insurance, there is flight delay insurance which provides coverage when your flight is delayed beyond 4 hours of its initially scheduled time.
  • Hotel burglary insurance: This insurance benefit provides coverage for repairing or replacing personal property lost, stolen, or damaged due to the burglary of your travel accommodation. The limit is up to $2,500 per occurrence for all insured persons combined.
  • Mobile device insurance: The BMO Eclipse Visa Infinite Privilege Card provides coverage for lost, stolen, or accidentally damaged mobile devices. This insurance benefit is applicable anywhere in the world when:
    • The entire purchase amount of the mobile device is paid for with the BMO Eclipse Visa Infinite Privilege Card, or
    •  All or a portion of the purchase amount of the mobile device is funded with the BMO Eclipse Visa Infinite Privilege Card through a Canadian wireless service provider.

The coverage is up to $1,000 per occurrence. You can make one claim in any twelve-month period, subject to at most two claims per account in any forty-eight consecutive months.

  • BMO Eclipse Visa Infinite Privilege Card Purchase Coverage
    • Purchase protection: Ensures items purchased with your card against theft and damage for a maximum of 120 days from the purchase date
    • Extended coverage on the original manufacturer's warranty: triples the original manufacturer's warranty period by up to a maximum of two additional years.
    • These insurance coverages kick in automatically as long as you charge the total purchase price of these items to your BMO Eclipse Visa Infinite Privilege Card. 

Additional Perks & Benefits

  • $200 annual lifestyle credit: The BMO Eclipse Visa Infinite Privilege Card grants you a $200 lifestyle credit every year to spend however you want. You could use it for kitchen upgrades, home fitness equipment, or for treating yourself at your favorite restaurant.
  • Earn bonus reward points when you add a cardholder: The BMO Eclipse Visa Infinite Privilege Card also rewards you with 25% more points on all combined purchases when you include a friend or family member in your account. 
  • Access to Visa Infinite benefits: The BMO Eclipse Visa Infinite Privilege Card provides exclusive access to dining, entertainment, and hotel privileges reserved for Visa Infinite Cardholders. Such privileges include:
    • Visa Airport Companion membership and six complimentary airport lounge visits per annum: This benefit is equivalent to the sum of $250 and is applicable at 1,200 participating airport lounges worldwide
    • Visa Infinite Dining Series: A series of dining events with top chefs at the best restaurants and wineries across the country
    •  Visa Infinite Wine Country: A series of complimentary wine tastings at select wineries in Ontario, B.C., and Sonoma, California 
    • Visa Infinite Luxury Hotel Collection
      • Best available rate guarantee at luxury hotels around the world
      • Automatic room upgrade, when available
      • Complimentary breakfast for two
      • $25 food and beverage credits
  • Exclusive pre-sale access to Toronto International Film Festival (TIFF) tickets and packages
  • Red-carpet treatment and Visa Infinite Priority Line & Lounge at the Visa Screening Room at the Princess of Wales Theatre during TIFF
  • Access to priority security lanes: This benefit allows you to speed through security when you show your visa infinite privilege card at priority security lanes
  • Airport parking and valet service discounts: The BMO Eclipse Visa Infinite Privilege Card allows you to travel in comfort door-to-door by providing discounts on valet parking and priority access to Taxi/Limo Lanes.
  • Access to Visa Infinite Troon Golf Benefit: This benefit provides 10% off green fees & merchandise at participating Troon Rewards golf courses across the U.S. & around the world.
  • 24/7 Visa Infinite Concierge services: The BMO Eclipse Visa Infinite Privilege Card offers you access to 24/7 concierge services which could be helpful with getting restaurant recommendations, making dinner reservations at a trendy restaurant, or planning your travel itinerary.

Summary

With a generous welcome bonus of up to 60,000 reward points and an introductory annual fee waiver for the first year, the BMO Eclipse Visa Infinite Privilege Card is one of Canada's best cards for accumulating reward points. The card offers excellent insurance coverage and access to the benefits of the Visa Infinite card. The best way to optimize the card is to attain the minimum spend limit to qualify for the welcome bonus reward points.

BMO Eclipse Visa Infinite Privilege Card FAQs

What is a Rewards Point credit card?

A rewards point credit card is a credit card that grants you points every time you make an eligible purchase. These points can be redeemed on various options, including shopping and travel.

What is the BMO Eclipse Visa Infinite Privilege Card suitable for?

The BMO Eclipse Visa Infinite Privilege Card is excellent for accumulating reward points on lifestyle purchase categories such as groceries, gas, etc.

How do I maximize my BMO Eclipse Visa Infinite Privilege Card?

You can maximize your BMO Eclipse Visa Infinite Privilege Card by spending the minimum amount required of $6,000 within the first three months to qualify for the first 50,000 welcome bonus points. You can also maximize by utilizing the annual lifestyle credit of $200.

Is there a limit to the rewards that can be accumulated with the BMO Eclipse Visa Infinite Privilege Card?

No, there is no limit to the reward points you can get with the BMO Eclipse Visa Infinite Privilege Card.

How do I qualify for the BMO Eclipse Visa Infinite Privilege Card?

To qualify for a BMO Eclipse Visa Infinite Privilege Card, you need to meet the eligibility requirements below:

  • Must be a permanent Canadian resident
  • Must not have declared bankruptcy in the prior seven years
  • Must have attained the majority age in the Canadian province of residence
  • Must earn a minimum annual personal income of $150,000 or household income of $200,000 or have incurred a minimum of $50,000 total spend on all your other credit cards in the 12 months before application.

What information is required to apply for the BMO Eclipse Visa Infinite Privilege Card?

The following information is required to open a BMO Eclipse Visa Infinite Privilege Card:

  • Full name
  • Date of birth
  • Contact info and address
  • SIN
  • Employment status and income source(s)
  • Rent or mortgage amount
  • Details of what you'll be using the account for

Is the BMO Eclipse Visa Infinite Privilege Card Worth it?

Despite its high annual fee of $499, the BMO Eclipse Visa Infinite Privilege Card could be worth it if you maximize its perks and bonus reward points.

Which credit bureau does BMO check?

BMO checks credit reports from either Equifax or TransUnion credit bureaus

Can I have several BMO credit cards at the same time?

Yes, having more than one BMO credit card at a time is possible.

How do I know how many BMO Eclipse Visa Infinite Privilege Card Rewards I have?

You can check your reward points summary on your monthly card statement. However, this rewards summary would not include reward points from bonuses or promotional offers. You can also see your rewards when you sign in to your account online or through your Mobile banking application.

How do I redeem my BMO Eclipse Visa Infinite Privilege Card Rewards Points?

You can redeem your Rewards points in three simple steps:

  • Log on to bmorewards.com and select the “Pay with Points” tab.
  • Browse through and select which eligible purchase you want to redeem your points for
  • Choose the number of points you would like to redeem toward your purchase. You can redeem your points for as little as $1.

Do my BMO Eclipse Visa Infinite Privilege Card Rewards expire?

No, the BMO Eclipse Visa Infinite Privilege Card reward points do not expire if the BMO Eclipse Visa Infinite Privilege Card account remains open with the bank and is in good standing.

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