How to Apply BMO eclipse Visa Infinite Privilege Card

Bank of Montreal in Canada has recently introduced 2 new Visa credit cards. The brand name for both these cards is the BMO eclipse. Those latest cards from the bank are the BMO eclipse, Visa Infinite Privilege and Visa Infinite.

But, before issuing these cards, the bank launched several Mastercard products. According to BMO, the Visa Infinite Privilege is truly a lifestyle credit card.

About the bank

BMO is one of the prominent North American banks providing commercial and personal banking services. It has provided investment banking solutions to millions of customers. The bank was established in 1817, and currently, its asset value is CA$1.251.

Benefits of the card

The Visa Infinite card provides a range of benefits-

• Earning rates: every time you use the card and make a 1$ deal at drugstores, groceries, restaurants, or gas stations. You will get a 5x return on the bonus categories. The earning rates get boosted by 25% by adding a supplementary card.
• Redeemable rewards points: it is easy to redeem your reward points (that is worth 0.67ccp) if you have chosen BMO’s online portal to book travel services. When you spend more and meet requirements, you will gain more points.
• TROON GOLF Benefits: if you want to get Troon Rewards, you can apply for the Visa Infinite card. Based on your Troon Rewards Status, you will be able to find high-end golf clubs in the USA without paying a high charge. It also lets you participate in golf courses and avail a discount of 20%.
• Join Airport Companion Program: if you own BMO’s Infinite Privilege Card, you can take advantage of Airport Companion Membership. You can make 6 visits to the airport lounge every year.
• Good insurance coverage: visa Privilege Card benefits users with good insurance coverage. For instance, travelers can claim insurance for trip interruption and cancellation, car rental, burglary, baggage delay, and flight delay.
• Bonuses for new users: BMO offers 50,000 reward points as welcome bonuses. However, cardholders need to meet monthly spending requirements to redeem these reward points.

Prerequisites

The prerequisites for the card are almost the same as the other credit cards. You should try to maintain a good credit score to apply for a Visa Infinite credit card.

Who is the BMO eclipse Visa Infinite Privilege* Card for?

BMO has introduced eclipse Visa Infinite Privilege Card, especially for consumers who want to get lifestyle and travel perks for their needs. The supplementary card helps users redeem points for financial rewards and travel.

If you are looking for an easily understandable and flexible rewards program, the BMO card is the right choice. The Visa card is almost universally acceptable.

The new Infinite Privilege Card is a perfect choice for those who often make big deals at restaurants, grocery shops, and gas stations.

Families or couples who want to choose a reliable user to share their credit card account can apply for the BMO eclipse Visa card.

All BMO customers who want to avail of the bank’s financial products can choose this card.

Steps for applying for the BMO eclipse Visa Infinite

There are in-person and online application modes. Some applicants want to visit the nearest branch of BMO to send their application.

However, you can also choose the online mode for the card application.

•     Visit the BMO bank’s official website
•     The page shows the Apply Now button to let you apply for the card conveniently.
•     The bank will ask you to provide details like name, contact information, address, date of birth, and SIN.
•     You should also enter other details like income sources, employment details, current mortgages, and your purpose of the card.

Positive and negative sides of BMO Visa Infinite Privilege Card

BMO Visa Infinite Privilege Card comes with some pros and cons

Let us first make a list of the pros of the credit card.

• Attract rewards on your regular transit and foods- Reward points offered by BMO are comparatively higher when you purchase food/groceries or book taxis. The value of every BMO point is 0.71 cents, and you can redeem it for travel. You can get a return of 3.5% when you buy food or book a public transit.
• Flexible reward points- The rewards program from BMO are highly versatile. You can take advantage of reward points while purchasing your flight tickets. The best fact is that these points do not expire. Using these points, you will be able to save more on every purchase.
• Exclusive welcome offer- As you apply for the new BMO eclipse card for the first time, your annual charge will be waived for the initial year. The welcome bonus for new users is 50,000 rewards. However, you can secure these points only after making a transaction of at least $6,000 within 3 months. To earn an additional 40,000 points, you have to spend $100,000 in a year.
• Get lifestyle credit every year- A lifestyle credit of $50 is another advantage for cardholders. You will receive the credit at the beginning of every new year. You do not need to spend a minimum to grab this credit. Just ensure that your credit account is in a good status. The lifestyle credit lets you reduce the annual charge to $70.
• Perks- From car loss damage insurance to new smartphone insurance, several perks are available for cardholders

Negative sides of Visa Infinite Privilege Card-

• The annual charge is quite high for cardholders.
• Eligibility requirements regarding the minimum credit score are not easy to fulfill for some applicants.
• It takes time to avail of the welcome bonus
• The rewards earning rate becomes low when you have spent $50,000.

How to unlock the Visa Infinite Privilege* Card

To grab the new BMO eclipse card, you have to fulfill some criteria-

• You must be a resident of Canada to apply for the card.
• Your age should 18 years or more as a BMO eclipse card applicant
• Meet the income-related criteria- Your personal earnings and household income are both important for the card applicants. So, make sure that your personal earning is not less than $150,000. But, your total household earnings must be $200,000 or higher.
• Your minimum credit score should be 740 to get your card approved. BMO will check your credit history for the past few years. Ensure you have no bankruptcy records and you have paid your debts on time. So, if you have maintained a good credit status, you will easily be able to get the card.

Annual fees

Before applying for the Infinite Privilege* Card, you should learn about the related fees. BMO charges an annual rate of $499. However, if you have chosen additional card users, the bank will impose a yearly charge of $99 per Visa card.

When you make purchases, the interest rate is 20.99%. Moreover, you have made cash advances, and the interest rate is 23.99%.

In case of foreign transactions, the charge is 2.5%.

Customer services of BMO

BMO always tries to satisfy its customers in every way. You can contact customer representatives using the online tool.

Besides, you can directly make a phone call to  1-877-225-5266.

In case you lose the credit card, you should lock it through online banking or contact the BMO branch without delay.