The BMO Eclipse Visa Infinite Card is designed to make life a little sweeter, turning everyday expenses into rewarding experiences. Whether you’re grabbing a quick bite, taking a rideshare, or simply filling up on gas, this card has got your back with some serious points potential.
Imagine earning points for things you do every day. Got a grocery list to tackle? Grabbing your favorite latte on your morning commute? Dining out with friends on the weekend? All these moments become rewarding with the BMO Eclipse Visa Infinite Card, offering up to 5x points on common expenses.
Main features of the BMO Eclipse Visa Infinite Card
The BMO Eclipse Visa Infinite Card is a premium offering from BMO, one of Canada’s leading financial institutions. Tailored for those who appreciate both value and experiences, it is designed for individuals with a more robust income—at least $60,000 annually as an individual or a combined $100,000 household income.
The card aims to reward your daily lifestyle choices, providing points for purchases you already make, such as groceries, dining, gas, and transit. It’s a great fit for those who like to treat themselves and make the most of their hard-earned money, offering a seamless balance between spending and rewards.
Beyond the rewards, BMO brings a level of trust and security to your financial experience, ensuring you get the most out of your card with peace of mind. Whether you’re spending at home or traveling, you can count on exclusive benefits and services that come with being a Visa Infinite cardholder.
Understanding the annual fee
Yes, there is an annual fee associated with the BMO Eclipse Visa Infinite Card, but it’s waived for the first year! Starting from the second year, the fee is $120. However, don’t let the number intimidate you—the value you’ll gain far outweighs this cost. The fee essentially covers the premium benefits and services you’ll be getting throughout the year, from insurance perks to an array of reward opportunities.
Deciphering credit limits
BMO determines the credit limit of your Eclipse Visa Infinite Card based on your creditworthiness and financial profile. This means that factors like your credit score, current income, and total debt will be reviewed during your application process. Essentially, BMO is assessing your ability to manage credit responsibly, which will help determine how much credit they can comfortably extend to you.
The initial credit limit is not set in stone. Depending on how you use your card and manage your payments over time, BMO may offer opportunities to increase your limit as you build your credit history with them.
It’s designed to grow with you, adapting as your financial needs and capabilities evolve. Of course, maintaining responsible spending habits and ensuring timely payments will go a long way in helping you qualify for higher limits and better benefits.
Advantages of the BMO Eclipse Visa Infinite Card
- 5x Points on Everyday Spending: Earn 5x points on every dollar spent on groceries, dining, gas, and transit.
- Bonus for Additional Users: Add an authorized user to your account, and you can earn 10% more points on all purchases.
- Annual $50 Lifestyle Credit: Every card anniversary, enjoy a $50 lifestyle credit to use as you please.
- Savings on Fuel: Get up to seven cents off per liter on Shell® fuel.
- Visa Infinite Benefits: From luxury hotel perks to exclusive dining experiences and concierge services, enjoy premium experiences across the globe.
Standout advantage
The card’s most notable advantage is the ability to earn 5x points on common, everyday purchases—groceries, dining, gas, and transit. This multiplier is higher than many competing cards on the market, allowing cardholders to accumulate rewards quickly without changing their spending habits.
Addressing potential drawbacks
- Annual Fee: Although waived in the first year, the $120 annual fee might be a concern for some users.
- Income Requirement: The card is exclusive to those with a higher income, making it inaccessible to individuals below the $60,000 (individual) or $100,000 (household) threshold.
- Interest Rates: The purchase interest rate is 20.99%, which is on the higher side, and cash advances are even steeper.
Standout disadvantage
The main downside of the BMO Eclipse Visa Infinite Card is its relatively high-income requirement, which could be a barrier for potential applicants. While the card offers a multitude of benefits, those who do not meet the $60,000 individual or $100,000 household income requirement will not be eligible to apply.
Eligibility criteria
To be eligible for the BMO Eclipse Visa Infinite Card, you must be a permanent resident of Canada, have not declared bankruptcy in the past seven years, and have reached the age of majority in your province.
Additionally, you must meet the minimum income requirement—either earning at least $60,000 individually or a combined household income of $100,000. If you don’t meet these financial prerequisites, another option to qualify is having a declared current annual spend of $15,000.
How to apply for the BMO Eclipse Visa Infinite Card
If you’re ready to bring more value into your everyday life and start collecting points on your daily purchases, applying for the BMO Eclipse Visa Infinite Card is a straightforward process. Keep reading to learn more about each option and choose the one that fits your style!
Via website
The quickest way to apply for the BMO Eclipse Visa Infinite Card is online through the official BMO website. The application process is simple and efficient, allowing you to fill out your details, verify your eligibility, and submit your application all in one go.
If you’re already a BMO customer, signing in before applying will speed up the process as your information will be pre-filled. Once you hit submit, BMO typically responds with a decision in under 60 seconds, making it one of the most hassle-free application processes out there.
Through the mobile application
For those who are on-the-go or prefer handling things through their smartphone, you can apply for the BMO Eclipse Visa Infinite Card through the BMO mobile app. Download the app from the Apple Store or Google Play, sign in or create an account, and navigate to the credit card application section.
The app’s user-friendly design makes it easy to complete the process from start to finish, allowing you to apply anytime and anywhere. Plus, you can manage your account, track your points, and stay on top of your spending—all through the same app!
Through the store/branch
If you prefer face-to-face interaction and want your questions answered in person, visiting a BMO branch is an option. There, a representative can guide you through the application, provide details on the card’s benefits, and help you make an informed decision.
