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

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

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Is Visa Infinite better than Platinum?

Deciding whether Visa Infinite is better than Amex Platinum depends on personal preferences and lifestyle. Visa Infinite cards provide diverse benefits, including travel perks, dining experiences, and broad global acceptance, making them ideal for those who value flexibility in rewards and international use. Amex Platinum, on the other hand, excels in luxury travel benefits, like extensive airport lounge access, elite hotel statuses, and unique travel experiences. It suits frequent travelers seeking premium travel conveniences and experiences. Ultimately, if your focus is on versatile benefits and wider acceptance, Visa Infinite may be preferable. For luxury travel-centric perks, Amex Platinum could be more advantageous.

Is the BMO Eclipse Visa infinite privilege card metal?

Yes, it is a metal card.


PiggyBank Staff

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