Our Verdict
The BMO eclipse Visa Infinite Privilege earns high marks for delivering one of Canada's most comprehensive rewards structures on everyday spending categories, with the 5x earning rate on essentials like groceries and gas providing exceptional value for affluent households with significant monthly expenses. The welcome bonus structure, while requiring substantial spending, offers genuine value worth over $1,200 when redeemed strategically, while the $200 annual lifestyle credit effectively reduces the net annual fee to $399. The addition of mobile device insurance, a benefit increasingly valuable in our connected world, adds practical protection rarely seen even on premium cards. The card loses points primarily due to its restrictive income requirements and spending caps that limit the 5x earning potential, forcing heavy spenders back to 1x rates relatively quickly. The $599 annual fee, while partially offset by credits, remains substantial and requires dedicated usage to justify. Additionally, BMO Rewards points, while flexible, generally offer lower redemption values compared to premium travel programs like Aeroplan or Avios. Despite these limitations, for high-income Canadians who spend heavily in bonus categories and value convenience over maximum point value, the BMO eclipse Visa Infinite Privilege delivers a compelling mix of rewards, benefits, and exclusive perks that justify its premium positioning.
8.2 / 10
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Up to 120,000 points welcome bonus
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Earn up to 5 points per $1 spent
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Add an authorized user for a 25% points boost
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$200 anniversary lifestyle credit
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Mobile device insurance
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Travel insurance coverage
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Airport perks
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$599 annual fee
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$15,000 to $25,000 annual limit on accelerated points spending
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$150,000 individual ($200,000 household) income required
Requirements
Be a Canadian citizen or permanent resident Be at least the age of majority in your province or territory (18 or 19) Earn a minimum individual income of $150,000 or a minimum household income of $200,000
Additional Details
- Balance Transfer APR: 23.99% (21.99% for Quebec residents)
- Currency Conversion Fee: 2.5%
- Minimum Credit Score: 760
Categories: Metal, Lost Luggage, Visa, BMO
