BMO eclipse Visa Infinite Privilege* Card Review
Welcome offer: get up to 50,000 BMO Rewards Points
Includes insurance coverage for mobile devices (up to $1,000)
Annual $200 lifestyle credit to spend however you want
Includes complimentary airport lounge membership + 6 passes annually
About the BMO eclipse Visa Infinite Privilege* Card
The BMO eclipse Visa Infinite Privilege* Card pairs premium perks with an excellent rate in top spending categories (like groceries and gas). With this card, you earn 5X the BMO Rewards points on groceries, dining, drugstore, gas, and travel purchases, and 1 point for every $1 spent on everything else. The welcome bonus of up to 50,000 BMO Rewards points is worth up to approximately $355, which you can use right off the bat. You can also boost your earn rate by 25% simply by adding an additional card for an authorized user to your account ($99 per card).
BMO Rewards points are extremely flexible and can be redeemed anytime for travel, merchandise, or gift cards. The Pay with Points program allows you to use them against virtually anything you charge to your card, with redemptions starting at only $1. Alternatively, BMO Rewards points can be redeemed as a cash deposit into a BMO investment account.
Included extra perks like a complimentary Priority Pass membership with 6 free passes annually (worth $380 CAD), VIP airport treatment, access to exclusive Visa Infinite benefits, and a robust suite of insurance – including emergency travel medical and mobile device insurance – round out the benefits. You’ll also get a $200 annual lifestyle credit to spend however you want.
It’s true the $499 annual fee is steep, along with the threshold of a $150,000 annual income in order to qualify. That being said, if you add up all welcome bonus, points-earning potential, and included benefits, it cancels out the annual fee. For instance, if you spend $12,000 annually on groceries and $5,000 on other card purchases, that would net you 65,000 points (worth up to approx. $455). Combined with the welcome bonus of 50,000 points (worth up to approx. $355), the $200 annual lifestyle credit, complimentary lounge membership ($380), that brings the first year value to at least $1,390 by our calculations. Worth it!
Card Features & Benefits
The main draw to the BMO eclipse Visa Infinite Privilege* Card is its ability to rack up BMO Rewards points—and to boost those earnings.
- Excellent earn rates: Earn 5X the BMO Rewards points per $1 on dining, groceries, gas, drugstore and travel and 1 BMO Rewards point per dollar on every other spend.
- Lucrative welcome offer: New cardholders can receive up to 50,000 BMO Rewards points (worth up to approx. $355).
- Broad spending categories: The “dining” category includes restaurants, cafes, bars and nightclubs, food boxes like HelloFresh and food delivery services like UberEats. “Groceries” include purchases made at supermarkets, liquor stores, convenience stores and markets. “Gas” spends include gas stations, taxicabs and limousines, and toll roads; “Drugstore” purchases include pharmacies.
- Flexible, easy redemption: BMO Rewards points can be redeemed anytime for travel, merchandise, gift cards, cash against your bill, or in the Pay with Points program at bmorewards.com. The Redemption value for Pay with Points: 200 points = $1; for travel purchases 140 points = $1. You can also put points towards a cash deposit into a BMO investment account.
- Extra earning potential: Earn 25% more BMO Rewards points by adding an additional card for an authorized user.
In addition to the BMO Rewards, the BMO eclipse Visa Infinite Privilege* Card offers up a nice slate of extra perks and benefits.
- Insurance coverage: Like other premium cards, the BMO eclipse Visa Infinite Privilege* Card offers a comprehensive suite of insurance. Bundled with the card is out-of-province/country emergency medical (up to $5 million), trip cancellation/interruption, flight and baggage delay, and common carrier accident protection. It also includes hotel burglary, extended warranty/purchase security insurance, and car rental collision/loss damage coverage.
- Mobile device insurance: Cardholders are covered for up to $1,000 for their new mobile devices.
- Visa Infinite benefits: As a Visa Infinite cardholder, you’ll enjoy exclusive access to special events, entertainment, and privileges. These include Visa Infinite Dining Services, Entertainment Access, Luxury Hotel Collection, Wine Country, Troon Golf Benefit, and 24/7 Concierge.
- VIP airport experiences: Flash your card and skip the security line and get airport parking and valet service discounts at select Canadian airports.
- Worldwide airport lounge access: Get a complimentary Priority Pass membership plus 6 lounge pass visits for every authorized cardholder annually – worth a minimum of $380 CAD.
- Annual “lifestyle credit”: Cardholders will receive a gift of $200 annually to do with what they please.
Pros and Cons
This card equips cardholders with excellent earn rates, access to lots of boosts, and an easy and flexible redemption program. Cardholders can turn their BMO Rewards into travel, merchandise, or statement credits by visiting BMOrewards.com at a redemption value of 140 points per dollar on travel ($0.007 per point) or 200 points per dollar ($0.005 per point) through the Pay with Points program. When compared to other points programs like AMEX Membership Rewards or Scotia Rewards, the valuation of BMO Rewards points is rather weak. AMEX Membership Rewards are worth 2.1 cents per point while Scotia offers a 1 cent value per point.
Flexibility aside, a solid insurance package and some really valuable extras like mobile device protection, airport lounge access, and $200 credit every year round out the card. It’s clear that this is designed to be a high-end card and there’s a lot to explore with Visa Infinite privileges for those interested in fine dining, luxury hotels, wine tastings, and golf. The welcome bonus of up to 50,000 points (worth up to approximately $355) offsets the annual fee nicely.
Speaking of the annual fee, it comes in at $499, or $299 annually after the “lifestyle credit” (there is no first-year waiver). With the minimum annual income requirement of $150,000 ($200,000 per household), this card won’t be accessible for many Canadians.
These problems belie a bigger issue with the card. When you look at the competition, it’s unclear whether the BMO eclipse Visa Infinite Privilege* Card actually commands its annual fee. Travel and mobile device insurance are good inclusions but hardly unusual, and neither are Visa Infinite privileges. The decision may come down to your points preferences: if you like the flexibility of the BMO Rewards program and want a luxe card to boot, this could be a good choice for you.
- Flexible rewards with high value
- Excellent earn rate on top spending categories
- Robust welcome bonus (worth approx. up to $355 CAD)
- Includes insurance for travel, mobile device, car rentals, and more.
- Access to Visa Infinite benefits
- Complimentary Priority Pass membership (worth approx. $380 CAD)
- $200 annual lifestyle credit to spend however you want
- High annual fee
- High minimum income eligibility requirement
How the BMO eclipse Visa Infinite Privilege* Card Compares
The BMO eclipse Visa Infinite Privilege* Card is a premium rewards card with some travel-related benefits like travel insurance and Priority Pass. It stands out for its high earn rates in frequently-used spending categories like groceries and gas but its extras—travel and mobile device insurance, Visa Infinite privileges—may not be good enough to justify the annual fee.
Take for example the Scotiabank®* Gold American Express®. It gets you 5 Scotia Rewards points for every dollar on groceries, 3 points per dollar on gas, transit and streaming services, and 1 point for everything else. It’s got comprehensive travel coverage and discounted Priority Pass membership, and while it lacks mobile device insurance, you’ll pay no foreign transaction fees. All of this is available for a tidy $120.
But how do the earn rates compare? Let’s say you spend $12,000 annually on groceries, $1,500 annually on gas, and $5,000 on everything else. With the Scotiabank®* Gold American Express® Card, that would earn you 69,500 in Scotia Rewards points – worth approximately $695. With the welcome offer of 25,000 points (worth approx. $250), that’ll give you $945 in the first year.
However, with the same spending with the BMO eclipse Visa Infinite Privilege* Card, you would earn 72,500 in BMO Rewards points – valued at up to $514. Add in the $200 annual lifestyle credit and the 50,000 bonus points (worth up to $355), and your first-year earnings would be approximately $1,069. Plus, factor in the added benefits of the free Priority Pass membership and 6 free passes (worth $380) and comprehensive travel insurance, and you’ve cancelled out the annual fee in the first year.
|Brand||Potential First Year Rewards Earnings||Annual Fee||Welcome Offer||Earn rate||Extras||Learn more|
|BMO eclipse Visa Infinite Privilege* Card||$1,069*||$499||Up to 50,000 BMO Rewards Points (worth up to approx. $355)||Earn 5X the BMO Rewards points per $1 on dining, groceries, gas, drugstore and travel and 1 BMO Rewards point per dollar on every other spend||Travel insurance, mobile device coverage, $200 annual lifestyle credit||Visit Site|
|Scotiabank®* Gold American Express®||$945*||$120||25,000 bonus Scotia Rewards points with your first $1,000 in everyday purchases in first 3 months (worth $250 CAD)||5 Scotia Rewards points for every dollar spent on grocery, dining, and drinking; 3 points per dollar on gas and transit spends; 1 point per dollar on everything else||No FX fees||Visit Site|
|*Based on card purchases of $12,000 annually on groceries, $1500 annually on gas and $5,000 annually on everything else.|
The BMO eclipse Visa Infinite Privilege* Card will get you flexible BMO Rewards points that you can redeem for merchandise, travel, gift cards or to pay off purchases through the Pay with Points program. It includes some juicy perks like new mobile device insurances and the unusual annual $200 “lifestyle credit”. That said, there may not be enough in the way of benefits to command its $499 annual fee. For those who want the exclusive privileges of the Visa Infinite program and who like the ease and flexibility of the BMO Rewards, however, this card may be worth the expense.