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Compararison: BMO Eclipse Visa Infinite vs. Mastercard BMO World Elite

To the point

Here is a comparison of two excellent credit cards: the BMO Eclipse Visa Infinite Card vs. the BMO World Elite Mastercard.

BMO is now one of the few institutions in Canada to offer multiple credit card networks:

The two BMO credit cards in this comparison are part of the BMO Rewards program.

Let’s look at the different features of the new BMO Eclipse Visa Infinite* Card versus the BMO World Elite Mastercard (known to offer 2 points per dollar everywhere, including at Costco).

Welcome bonus

The welcome bonus offered by each of these credit cards varies according to promotions. However, there are differences to be aware of between the two credit cards.

card Bmo Eclipse Visa Infinite 1

When you sign up for the new BMO Eclipse Visa Infinite* Card, you can earn up to 40,000 BMO Rewards points and waive the $120 annual fee in the first year:

  • 25,000 points after $3,000 of purchases in the first three months
  • 15,000 points twelve months after the Credit Card account open date
Bmo Rewards World Elite Mastercard Rgb Fre For Online

When you sign up for the new BMO World Elite Mastercard, you can earn up to 40,000 BMO Rewards points and waive the $150 annual fee in the first year:

  • 30,000 points after $3,000 of purchases in the first three months
  • 10,000 points twelve months after the Credit Card account open date
Advantage: Mastercard BMO World Elite

In the first year, you will earn an additional 5,000 points with the BMO World Elite Mastercard. On the other hand, the balance of power is reversed at the time of annual renewal with an additional 5,000 points on the BMO Eclipse Visa Infinite* card.

Minimum income

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The BMO Eclipse Visa Infinite* Card requires a minimum income of:

  • $60,000 (individual)
  • $100,000 $ (combined)
Bmo Rewards World Elite Mastercard Rgb Fre For Online

The BMO World Elite Mastercard requires a minimum income of:

  • $80,000 (individual)
  • $150,000 (combined)
Advantage: BMO Eclipse Visa Infinite

The BMO Eclipse Visa Infinite* Card is more accessible than the BMO World Elite Mastercard (the latter is now “upgraded” to the BMO Eclipse Visa Infinite Privilege* Card which requires an individual and combined income of $150,000 and $200,000 respectively).

Annual fee

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The BMO Eclipse Visa Infinite* Card has an annual fee of $120 (but has a waiver of the annual fee the first year).

However, this card offers an annual credit of $50, which means it only costs $70 a year!

Bmo Rewards World Elite Mastercard Rgb Fre For Online

The BMO World Elite Mastercard has an annual fee of $150 (but has a waiver of the annual fee the first year).

However, it comes with 4 passes to LoungeKey airport lounges, which may justify its cost.

Advantage: BMO Eclipse Visa Infinite

Both cards are free in the first year.

However, afterwards, the BMO Eclipse Visa Infinite* Card costs less and comes with a credit that can be used in any way you want: travel, everyday purchases, etc.

Earning points

The BMO Eclipse Visa Infinite* Card and the BMO World Elite Mastercard each offer 2 levels of point earning.

Maximum earning level

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With the new BMO Eclipse Visa Infinite* Card, you can earn 5 BMO Rewards points for every dollar you spend for:

  • Groceries
  • Dining
  • Food delivery
  • Gas
  • Transit
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With the BMO World Elite Mastercard, you get 3 points for every dollar spent on:

  • Travel
  • Dining
  • Entertainment
Advantage: BMO Eclipse Visa Infinite

The BMO Eclipse Visa Infinite* Card is perfect for everyday purchases with its 5 points per dollar for everyday categories such as groceries, gas or local transportation.

For its part, the BMO World Elite Mastercard will be interesting especially if you have many travel purchases: 3 points per dollar.

Basic earning level

Outside of these accelerated earning purchase categories, the BMO Eclipse Visa Infinite* Card and BMO World Elite Mastercard offer a basic earning rate.

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With the new BMO Eclipse Visa Infinite* Card, you can earn 1 point per dollar on all other purchases.

Bmo Rewards World Elite Mastercard Rgb Fre For Online

With the BMO World Elite Mastercard, you can earn 2 points per dollar on all other purchases.

Advantage: Mastercard BMO World Elite

The BMO World Elite Mastercard earns more points on all purchases compared to the BMO Eclipse Visa Infinite* card.

And since it’s a Mastercard, it’ll be accepted at Costco. This can possibly make the difference for you!

Using points

These are two credit cards with travel points that are part of the BMO Rewards program.

Here’s a chart of your different options for redeeming BMO Rewards points:

Use 10,000 points Value of 1 point
Travel $71.4 ¢0.71
Investment $66.7 ¢0.67
Experiences $62 ¢0.62
Products $60 ¢0.60
Gift cards $54 ¢0.54
Statement credit $33.3 ¢0.33
Draw

Whichever BMO credit card you choose, the best use of BMO Rewards points will be to book travel (airline ticket, hotel accommodations, car rental, etc.) through the BMO Rewards portal. 40,000 points = $285.

Insurance

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The BMO Eclipse Visa Infinite* Card offers a number of insurances:

  • Worldwide Emergency Travel Medical Insurance: $5,000,000 and 15 days (under 64 years of age)
  • Insurance on board a common carrier: $500,000 per person
  • Vehicle Rental Insurance: up to 48 days
  • Purchase insurance: 90 days (loss, damage, theft)
  • Extended Warranty Insurance: Doubling the Warranty
  • Mobile device insurance: $1,000
Bmo Rewards World Elite Mastercard Rgb Fre For Online

The BMO World Elite Mastercard offers various insurances:

  • Worldwide Emergency Travel Medical Insurance: $2,000,000 for 21 days (under 65 years of age)
  • Flight Delay Insurance: $500 per person
  • Baggage Delay or Loss Insurance: $750 per person
  • Trip Cancellation Insurance: $2,500 per person
  • Trip Interruption Insurance: $2,000 per person
  • Insurance on board a common carrier: $500,000 per person
  • Vehicle Rental Insurance: up to 48 days
  • Rental Vehicle Accidental Death and Dismemberment Insurance: Up to $200,000
  • Personal effects insurance when renting a vehicle: up to $2,000
  • Purchase insurance: 90 days (loss, damage, theft)
  • Extended Warranty Insurance: Doubling the Warranty
Advantage: Mastercard BMO World Elite

The BMO World Elite Mastercard is one of the best credit cards in the country for travel insurance with points. Indeed, for most of the proposed insurances, it is enough to have paid only a part of your trip with the card. Even just the airport taxes for an Aeroplan reward ticket, for example!

In contrast, the BMO Eclipse Visa Infinite* Card does not offer travel-related insurance, other than medical or car rental insurance.

The benefits

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The BMO Eclipse Visa Infinite* Card offers a number of benefits:

Bmo Rewards World Elite Mastercard Rgb Fre For Online

The BMO World Elite Mastercard offers a variety of benefits:

  • 4 complimentary passes to airport VIP lounges
  • Wi-Fi Boingo access
  • accepted at Costco
Draw

On the one hand, the BMO Eclipse Visa Infinite* Card comes with a $50 annual credit that you can use as you wish.

On the other hand, the BMO World Elite Mastercard offers 4 passes to airport lounges, which is worth more than $50, but is more restrictive: if you don’t use it, it has no value to you.

Conclusion

So? Which card wins this duel?

It’s hard to give a definite winner. In fact, it will be up to each person to make up their own mind according to their needs.

The BMO Eclipse Visa Infinite* Card stands out for:

  • the 5 points per dollar earning for regular purchases
  • the annual credit of $50

It will be more of a credit card for people who regularly earn points for everyday expenses and do not require robust travel insurance. The points can easily be used for hotel nights or car rentals, for example!

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Against it, the BMO World Elite Mastercard stands out for:

  • the 3 points per dollar earning for travel and 2 points per dollar everywhere else
  • the 4 passes to airport lounges per year it includes
  • its great insurances
  • the fact it’s accepted at Costco

This credit card is perfect for people who travel regularly and require extensive insurance. In addition, if you regularly use your credit card outside of regular businesses, you can earn 2 points per dollar with the BMO World Elite Mastercard.

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