This BMO eclipse Visa Infinite* card is ideal for people who want to grab the most competitive points from their regular purchases while being served as a premium client. With the help of this credit card, one earns points for common spending such as groceries, dining, fuel, and transportation.

With the great welcome bonus and much more incentives it is one of the most suitable options for those people who seek to get more even from daily expenses. This article will, therefore, seek to make a detailed description of the BMO eclipse Visa Infinite* card in terms of fees, and benefits that come with the card as well as the qualification needed.

Key information about the BMO eclipse Visa Infinite card

The BMO eclipse Visa Infinite* card is designed for those with big and powerful earnings or spending power. The candidates must be at least 21 years of age, have a personal gross annual income of $60,000 or a household gross annual income of $100,000. That is, you can qualify for this card provided you use the card to transact for a minimum of $15,000 per annum.

How does the annual fee work?

The BMO eclipse Visa Infinite* card costs $120 annually to be a member of that program. But this fee is to be paid from the first year of the card, and for the first year it is in fact free because of the welcome offer that include the first year annual fee free for new card members. This fee is required to be paid once a year after the initial year of enrollment although cardholders are offered the flexibility to include an authorized user to the account at a fee of $50 annually.

How is the credit limit determined?

BMO eclipse Visa Infinite* card credit limit is usually calculated with the help of credit checks, applicant’s income and other factors. In contrast to the case with prepaid cards, where cardholder can control the amount of spending through the loaded amount, credit cards like this conventional type rely on the assessment made by the bank to determine the credit limit.

BMO takes its time to analyze the credit worthiness of the applicant to give him or her a credit limit that they can afford to pay back without compromising on their financial stability.

Credit card benefits 

• 5x points on everyday purchases: Earn five times the points on groceries, dining, gas, and transit, making it easy to accumulate rewards for everyday spending.
• $50 annual lifestyle credit: This credit can be used for any purchase, adding flexibility and value to your yearly benefits.
• Additional points for authorized users: Adding an authorized user boosts the points you earn by 10% on all purchases.
• Access to Visa Infinite benefits: Enjoy exclusive perks such as the Visa Infinite Luxury Hotel Collection, dining experiences, and a 24/7 concierge service.
• Mobile device insurance: Coverage of up to $1,000 for lost, stolen, or accidentally damaged mobile devices.
• Purchase security and extended warranty: Protect your purchases against theft or damage for up to 90 days, and double the manufacturer’s warranty up to an additional year.

5x points on daily essentials

A standout offer of the BMO eclipse Visa Infinite* card is the earning of 5 points on the most basic necessities such as groceries and dining, gas and transit. This higher earning rate makes it stand out from the rest, and thus ideal for individuals who would like to earn more rewards on regular spending.

In fact, you will be earning points somewhere you never thought you’d meet with such speedy point accumulation – picking up a quick bite or a fill of petrol and while commuting using transport facilities.

Disadvantages

• High annual income requirement: The card requires a minimum personal income of $60,000 or a household income of $100,000, which may exclude some potential applicants.
• Annual fee after the first year: The $120 annual fee, while waived for the first year, could be a deterrent for those who prefer no-fee cards.
• Limited redemption options: While BMO Rewards points can be redeemed for various rewards, some may find the redemption options less flexible compared to other programs.

High income requirement

The other major demerit that one is likely to face with the BMO eclipse Visa Infinite* card is its income requirement. There are the minimum requirements of a personal income of $60,000 or a household income of $100,000; thus, it is somewhat less affordable to clients with lower income.

Who can apply for this card?

The BMO eclipse Visa Infinite* card can be obtained by Canadian residents who are 18 years old or more (in some provinces – 19) and pass the following basic solvency requirements: personal or household income of $60 000 per year, declared annual purchase level – $15000. Candidates should also be financially sound with no adverse credit history like that of black lists, bankruptcies or defaults.

How to apply for the BMO eclipse Visa Infinite card

Applying through the website

In order to apply for the BMO eclipse Visa Infinite* card, go to the BMO official site and choose credit cards. There you can get much more information about the card and what it has to offer to the users if any. To start your application, fill out the application form which is placed at this link – ‘Apply Now’.

As all the students know, the first part of the application is always about your personal data. To register, which takes only a few minutes, you must provide your full legal name, date of birth, and Social Insurance Number (SIN).

This information is used in identifying you and making sure that you are qualified for the card before it is issued to you. In the same line, you may be requested to reveal your current residential address and other contact details.

Then, you have to fill in some economic data which are connected with your income, work experience, and housing conditions. You will be asked to state your gross income for the year, name of your employer, and your housing expenses in the form of rent or mortgage statement. BMO employs this financial data in the credit evaluation to arrive at an estimated credit limit for your card.

When you have completed filling in all the required details, it is advisable that you go over your application once more to check on the details that you have keyed In. Once one is fully assured that the detail inputted is correct, you can then submit the application online.

If approved you should receive your BMO eclipse Visa Infinite* card in 7 to 10 business days in the mail. You can activate your card online or through a phone call after receiving it and start being able to enjoy all the benefits that are associated with your card.