BMO Eclipse Visa Infinite Privilege vs Amex Platinum: Which Card Shines

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The BMO Eclipse Visa Infinite Privilege Card is known for its high reward points on everyday purchases like groceries, dining, and travel, and it requires a significant annual household or individual income to qualify.

In contrast, the American Express Platinum Card, while also a premium card, is often recognized for its comprehensive travel benefits and luxury perks.

The American Express card typically emphasizes experiences and exclusive access, which might appeal to a different demographic than the BMO card.

BMO Eclipse Visa Infinite Privilege Card American Express Platinum Card
Annual Fee $499 $799
Income Requirements $150,000 (individual) or $200,000 (household) OR $50,000 of spend on BMO cards in last 12 months N/A
Interest Rate 20.99% for purchases; 23.99% for cash advances (21.99% for Quebec residents) Charge Card, balance to be paid in full, however portion of your balance me qualify for lexibile payment option rate of 20.99%
Reward Points 5x points on groceries, dining, drugstore purchases, gas, and travel; 25% more points with an authorized user; 1 point per $1 on other purchases 2 points for every $1 on eligible dining and travel; 1 additional point per $1 on eligible hotel or car rental bookings with American Express Travel; 1 point per $1 in all other purchases
Insurance Coverage Includes travel emergency medical, common carrier, car rental collision/loss, trip cancellation/interruption, flight delay, baggage, mobile device, purchase security, and extended warranty Comprehensive travel insurance including medical, flight delay, baggage, car rental loss and damage; purchase protection; extended warranty; some cards may offer additional specific coverages
Special Partnerships Visa Airport Companion membership with lounge visits; discounts at select airports; access to luxury hotel collection; concierge service; golf benefits with Troon Rewards Global lounge access including The Centurion® Lounge and Priority Pass™; special benefits at Fine Hotels & Resorts properties such as complimentary breakfasts and room upgrades; exclusive dining events; Platinum Concierge service; partnerships with major travel companies for benefits and experiences; access to special events and experiences; partnership with Holt Renfrew for gift card redemptions

Welcome Offer

BMO Eclipse Visa Infinite Privilege Card:

  • Welcome Bonus: Offers a welcome bonus of 50,000 BMO Rewards points.
  • Spending Requirement: To earn the welcome bonus, cardholders need to spend a minimum of $6,000 on eligible purchases within the first three months after opening the account.
  • Additional Bonus: There is an opportunity to earn an extra 40,000 BMO Rewards points if cardholders spend a minimum of $100,000 within the first twelve months of card activation.

American Express Platinum Card:

  • Welcome Bonus: Offers a welcome bonus of up to 100,000 Membership Rewards Points.
  • Cardmembers can earn 70,000 Welcome Bonus points after charging $10,000 in net purchases to the card within the first three months of membership.
  • An additional 30,000 points can be earned when making a purchase of any amount between the 14th and 17th months of membership.
  • Eligibility: This offer is not available to current or former Cardmembers with this Card.

Annual Fee

  • BMO Eclipse Visa Infinite Privilege Card: $499 annually.
  • American Express Platinum Card: $799 annually.

Interest Rates

  • BMO Eclipse Visa Infinite Privilege Card: 20.99% on purchases, 23.99% on cash advances (21.99% in Quebec).
  • American Express Platinum Card: Not a traditional credit card; full payment required monthly. Flexible payment option available at 20.99%, with potential rate increases for missed payments.

Points Earning Structure

BMO Eclipse Visa Infinite Privilege Card:

  • Earn 5x points on essential categories like groceries, dining (including restaurants and take-out), drugstore purchases, gas, and travel.
  • Additional 25% bonus points when adding an authorized user.
  • 1 point for every $1 spent on all other purchases.
  • This structure is particularly beneficial for those who spend heavily in these everyday categories.

American Express Platinum Card:

  • Earn 2 points for every $1 spent on eligible dining and food delivery in Canada.
  • 2 points per $1 on eligible travel purchases.
  • An additional 1 point per $1 on eligible hotel or car rental bookings made through American Express Travel.
  • 1 point per $1 spent on all other purchases.
  • This rewards structure is designed to favor frequent travelers and diners, offering accelerated points in these areas.

Rewards Redemption

BMO Eclipse Visa Infinite Privilege Card:

  • Points can be redeemed for an array of rewards, including travel bookings, merchandise, gift cards, and experiences.
  • Option to invest points into BMO investment accounts.
  • The card offers a Pay with Points feature allowing points to be used for credit on the card statement.

American Express Platinum Card:

  • Points can be used for statement credits, covering almost any purchase.
  • Redeem for travel through American Express Travel, including the Flexible Points Travel Program and Fixed Points Travel Program.
  • Transfer points 1:1 to several frequent flyer and other loyalty programs.
  • Redeem for gift cards from premium retailers.
  • American Express offers one of the most flexible points programs, making it easy to use points in a way that aligns with the cardholder’s lifestyle.

Travel Benefits

BMO Eclipse Visa Infinite Privilege Card:

  • Complimentary membership to Visa Airport Companion Program and six airport lounge visits per year.
  • Discounts at select Canadian airports.
  • Access to luxury hotel collections and concierge services.
  • The card is designed to enhance the travel experience through practical benefits and luxury touches.

American Express Platinum Card:

  • Access to the American Express Global Lounge Collection, including over 1,300 airport lounges worldwide.
  • $200 Annual Travel Credit for travel bookings.
  • Up to $100 CAD in NEXUS application or renewal statement credits.
  • Benefits at Fine Hotels + Resorts, including complimentary breakfast and room upgrades.
  • Hotel Status Benefit, providing elite status in hotel loyalty programs like Hilton Honors and Marriott Bonvoy.
  • Special benefits and discounts at Toronto Pearson International Airport.
  • These extensive travel benefits position the American Express Platinum Card as a top choice for frequent travelers, emphasizing luxury and convenience.

Insurance Coverage

BMO Eclipse Visa Infinite Privilege Card:

  • Comprehensive travel insurance including out-of-province/country emergency medical insurance, common carrier insurance, and car rental collision/loss damage insurance.
  • Trip cancellation, trip interruption, and flight delay insurance.
  • Mobile Device Insurance and Purchase Security/Extended Warranty Insurance.
  • The insurance package is robust, offering protection for a variety of travel and purchase-related scenarios.

American Express Platinum Card:

  • Extensive travel insurance coverage, including out-of-province/country emergency medical insurance, trip cancellation, and interruption insurance.
  • Flight delay, baggage delay, hotel burglary, lost or stolen baggage, and $500,000 travel accident insurance.
  • Car Rental Theft and Damage Insurance.
  • Purchase Protection and Buyer’s Assurance Protection Plans.
  • The American Express Platinum Card’s insurance coverage is comprehensive, offering a high level of protection for travel and purchases, which is a key selling point for the card.

Frequently Asked Questions

  • Is Visa Infinite better than Platinum?
  • Is the BMO Eclipse Visa infinite privilege card metal?