The BMO eclipse Visa Infinite Privilege* Card offers a premier credit card experience that aims to elevate your everyday spending and lifestyle with a range of luxurious perks and rewards. Whether you’re dining out, fueling up your vehicle, or booking your next travel adventure, this card ensures that every dollar spent feels more rewarding.
Designed for high-income individuals who seek exclusivity and premium benefits, the BMO eclipse Visa Infinite Privilege* Card is packed with features that are ideal for those who want to make the most out of their daily purchases while enjoying the luxury of added conveniences and perks.
Key information about the credit card
How does the annual fee work?
As a premium credit card, the BMO eclipse Visa Infinite Privilege* Card comes with an annual fee of $499. While this fee may seem high, it is offset by the valuable perks the card offers, including a $200 annual lifestyle credit, 5x points on specific categories, and luxury travel benefits.
How is the credit limit determined?
The credit limit for the BMO eclipse Visa Infinite Privilege* Card is typically based on the cardholder’s financial profile, including income and creditworthiness. As a card aimed at individuals with higher incomes, applicants are required to meet a minimum annual income of $150,000 individually or $200,000 for household income. This ensures that cardholders have the financial capacity to handle higher credit limits.
Advantages of the credit card
- 5x points on key categories: Cardholders earn five times the points on groceries, dining (both in and out), drugstore purchases, gas, and travel, ensuring that every purchase in these essential categories becomes more rewarding.
- 25% more points with authorized users: Adding an authorized user to the account increases the overall points earned by 25%, making it a great option for families or couples looking to maximize rewards.
- $200 annual lifestyle credit: Each year, cardholders receive a $200 lifestyle credit to use on anything they desire, from spa treatments to dinner reservations.
- Luxury travel perks: The card provides complimentary access to airport lounges, priority security lanes, and exclusive hotel benefits, making every trip more comfortable.
- Comprehensive insurance coverage: From travel medical insurance to trip cancellation and car rental collision insurance, the card offers a wide range of coverage that ensures peace of mind while traveling.
Standout advantage
One of the standout features of the BMO eclipse Visa Infinite Privilege* Card is its unparalleled reward structure. Earning 5x points on everyday purchases like groceries, dining, and travel sets it apart from other premium cards that often limit bonus points to specific or less common categories.
Disadvantages
- High annual fee: At $499 per year, the card’s fee is significantly higher than most standard credit cards, which could be a drawback for those who don’t fully utilize its benefits.
- Income requirements: The high minimum income requirement limits access to the card, making it unattainable for many potential applicants.
- No fee waiver options: There is no way to waive or reduce the annual fee, even for high spenders or long-term customers.
- Limited point redemption options: Although points can be redeemed for travel and merchandise, the redemption process may not be as flexible or diverse compared to other rewards programs.
A standout disadvantage
The card’s primary disadvantage is its steep annual fee of $499. While it does offer a wealth of benefits and perks, many users may find it difficult to justify such a high annual cost unless they are frequent travelers or high spenders who can take full advantage of the rewards and luxury services. For those with more modest spending habits, the cost could outweigh the card’s advantages.
Who can apply for this card?
The BMO eclipse Visa Infinite Privilege* Card is designed for individuals with higher incomes and those who seek premium rewards and perks. To qualify, applicants must meet the minimum annual income requirement of $150,000 for individuals or $200,000 for households. This ensures that the card is accessible to those with a stable financial situation.
In addition to the income requirement, applicants need to have a good credit score, as this is a premium card that offers significant credit limits. It is not available for individuals with poor credit or those who are looking for a card with lenient approval criteria. Furthermore, the card is not aimed at those seeking low fees or no-fee options, as the $499 annual fee is non-negotiable.
How to apply for the BMO eclipse Visa Infinite Privilege Card*
For the website
Applying for the BMO eclipse Visa Infinite Privilege* Card online is straightforward and can be completed within minutes. Start by visiting the official BMO website and navigating to the credit card section. There, you’ll find the application form for the BMO eclipse Visa Infinite Privilege* Card. The online application requires basic information such as your name, address, income details, and employment status.
BMO also conducts a credit check during the application process, so ensure that your credit history is in good standing. After submitting your application, you can expect a response within 60 seconds. If approved, your card will be sent to you within 7-10 business days.
Through the app
For those who prefer using their smartphone, BMO offers the option to apply for the eclipse Visa Infinite Privilege* Card through their mobile banking app. The process is similar to applying online, with the added convenience of being able to complete the application on the go.
Simply log into the BMO mobile app, navigate to the credit cards section, and select the eclipse Visa Infinite Privilege* Card. From there, you’ll be guided through the application process, which will ask for your personal and financial information. If approved, you can track your card’s delivery status within the app, and once it arrives, you can activate it immediately using the app.
At the branch
If you prefer face-to-face interaction, you can also apply for the BMO eclipse Visa Infinite Privilege* Card at a BMO branch. Visiting a branch gives you the opportunity to ask any questions you may have and receive personalized assistance from a BMO representative. To apply, bring your personal identification, proof of income, and any relevant financial documents.
A representative will help you fill out the application form, and a credit check will be conducted as part of the process. The approval process is typically fast, and once your application is submitted, you can expect to receive your card in the mail within a few business days.
