The BMO eclipse Visa Infinite* Card is a premium credit card designed to elevate your everyday spending with exceptional rewards and benefits. With nationwide recognition and awards for its excellent points system and benefits, this card is ideal for individuals who seek to maximize their rewards on routine purchases such as dining, groceries, gas, and transit.
In addition to offering a generous welcome bonus, the card provides various exclusive perks, making it a top choice for those who want more value from their credit card. The BMO eclipse Visa Infinite* Card not only rewards you handsomely but also offers numerous lifestyle and travel benefits.
From earning 5x points on key spending categories to enjoying luxury hotel perks and concierge services, this card is designed to enhance your everyday experiences and special moments alike.
Key Information About the BMO Eclipse Visa Infinite* Card
How Does the Annual Fee Work?
The BMO Eclipse Visa Infinite* Card comes with an annual fee of $120. However, as part of the welcome offer, the annual fee is waived for the first year. This gives new cardholders a chance to enjoy the benefits without any upfront cost.
Additionally, this fee can be broken down into monthly payments, making it easier to manage. The fee waiver in the first year is a significant advantage, allowing you to maximize your rewards right from the start.
How Is the Credit Limit Determined?
The credit limit for the BMO Eclipse Visa Infinite* Card is determined based on your creditworthiness, income, and financial history. For conventional credit cards, the institution assesses your ability to repay based on your credit score and financial situation.
For pre-paid cards, the limit is determined by the amount you deposit, giving you control over your spending limits. This card requires a minimum annual income of $60,000 for individuals or $100,000 for households, or a minimum declared current annual spend of $15,000.
Benefits of the BMO Eclipse Visa Infinite* Card
The BMO Eclipse Visa Infinite* Card offers a range of benefits designed to enhance your everyday spending. Here are some of the standout advantages:
- 5x Points on Dining and Transit: Earn five times the points for every $1 spent on groceries, dining in and out, gas, and transit.
- Welcome Offer: Get up to 60,000 points and enjoy the $120 annual fee waived in the first year.
- Anniversary Lifestyle Credit: Receive a $50 credit each year to use as you wish.
- Fuel Savings: Save up to seven cents per litre on Shell® fuel.
- Additional Points for Authorized Users: Earn 10% more points on all purchases when you add an authorized user to your account.
- Visa Infinite Benefits: Enjoy perks such as the Visa Infinite Luxury Hotel Collection, dining series, concierge services, and golf benefits.
Highlighted Advantage: Reward Program
One of the most compelling features of the BMO Eclipse Visa Infinite* Card is its robust reward program. Cardholders earn 5x points on everyday purchases like dining, groceries, gas, and transit. Additionally, you earn 1 point for every $1 spent on all other purchases.
The ability to earn 10% more points with an authorized user further enhances the rewards. Points can be redeemed for travel, merchandise, or everyday treats, providing flexibility and value for your rewards.
Disadvantages
While the BMO Eclipse Visa Infinite* Card has many advantages, it also has a few drawbacks to consider:
- Annual Fee After the First Year: After the first-year waiver, the $120 annual fee applies.
- Income Requirement: A relatively high minimum income requirement may limit eligibility for some applicants.
- Interest Rates: The card carries a high-interest rate for purchases and cash advances.
Highlighted Disadvantage: Annual Fee
The primary disadvantage of the BMO Eclipse Visa Infinite* Card is the annual fee of $120, which applies after the first year. While the first-year waiver offers temporary relief, the ongoing cost can be a drawback, especially for those who may not fully leverage the card’s rewards and benefits to offset the fee.
Who Can Apply for This Card?
To be eligible for the BMO Eclipse Visa Infinite* Card, applicants must meet several criteria:
- Age: Applicants must be at least the age of majority in their province or territory.
- Income: Minimum individual income of $60,000 or household income of $100,000, or minimum declared current annual spend of $15,000.
- Creditworthiness: A good credit score is generally required.
- Residency: Must be a resident of Canada.
- Proof of Income: Documentation such as pay stubs or tax returns may be required to verify income.
How to Apply for the BMO Eclipse Visa Infinite* Card
Applying for the BMO Eclipse Visa Infinite* Card is straightforward and can be done through various channels: online, via the mobile app, or in-person at a branch.
Applying Online
- Visit the BMO website.
- Navigate to the BMO Eclipse Visa Infinite* Card page.
- Click on “Apply Now.”
- Complete the application form with your personal and financial details.
- Submit the application and wait for a response, typically within 60 seconds.
Applying Through the Mobile App
- Download the BMO Mobile Banking app from the Apple Store or Google Play.
- Log in or create an account.
- Navigate to the credit card section and select the BMO Eclipse Visa Infinite* Card.
- Follow the prompts to complete and submit your application.
Applying In-Person at a Branch
- Visit a BMO branch near you.
- Speak with a representative about the BMO Eclipse Visa Infinite* Card.
- Provide the required documents and complete the application form.
- The representative will submit your application, and you will receive a response shortly.
The BMO Eclipse Visa Infinite* Card offers a wealth of substantial rewards and benefits designed to significantly enhance your everyday spending experience. With its generous welcome offer, strong earning potential, and a suite of exclusive perks, this card emerges as an excellent choice for individuals looking to maximize their credit card rewards.
Whether you’re dining out at your favorite restaurants, filling up on gas for your daily commute or weekend getaways, or simply shopping for groceries to stock up your pantry, this card ensures you get the most out of every dollar spent.
Furthermore, the card’s comprehensive range of benefits extends beyond mere cashback, providing cardholders with access to travel insurance, concierge services, and other premium features that cater to a variety of lifestyle needs.
By choosing the BMO Eclipse Visa Infinite* Card, you’re not just opting for a payment method; you’re investing in a tool that enhances your financial flexibility and enriches your everyday experiences.
