Business Platinum Card from American Express
130,000 MR points
The New BMO eclipse Visa Infinite & Visa Infinite Privilege
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Business Platinum Card from American Express
- Earn 90,000 MR points upon spending $15,000 in the first three months
- Plus, earn 40,000 MR points upon making a purchase in months 14–17 as a cardholder
- And, earn 1.25x MR points on all purchases
- Also, receive a $200 annual travel credit
- Transfer MR points to Aeroplan and other frequent flyer programs for premium flights
- Unlimited airport lounge access for you and one guest at Priority Pass, Plaza Premium, Centurion, and other lounges
- Credits and rebates for business expenses throughout the year with Amex Offers
- Bonus MR points for referring family and friends
- Qualify for the card as a sole proprietor
- Annual fee: $799
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Ricky – Don’t see how you could get the $50 or $200 Lifestyle credit twice without paying a second Annual Fee of $120 or $499 as the credit is only posted to your account once each year and at the end of the year.
For example, if I signed up for the Privilege version of the card today at $499/year on 10 Nov 2020, and met the annual minimum required spend in one month, I would get the $200 credit for 2020 on my first statement in Jan 2021.
Now the 2021 $200 Lifestyle credit wouldn’t be applied before 10 Nov 2021 which would mean that I would have to renew the card at $499 again in order to get that second $200 Lifestyle credit on my first statement in Jan 2022.
Customers who sign up in 2020 will receive a credit they can use in 2020 (i.e., as soon as they get the card) and another one as of January 1, 2021.
Read the detailed Terms and Conditions and you are correct! Also spoke to several BMO Credit Card reps.
The Lifestyle Credit, $50 or $200 depending on which card you choose, will be credited to your account on the 2nd statement after the qualifying expense is incurred.
Glad to hear it!
According to a BMO employee you cannot double dip – “The credit only triggers once per calendar year in January, regardless of card activation. That is very clear in our memo.”
Can you double check with BMO? It what the employee said is true, it would be very misleading for a lot of people.
Confirmed that customers who sign up in 2020 receive one credit in 2020 and another in 2021.
If you know who this BMO employee is, let me know so that their memo can be corrected. 🙂
Thanks for the confirmation Ricky, appreciate it!
Thanks for the heads up, I will double check again but the confirmation we received last night was very clear that the double dip for 2020 and 2021 was on. But I’ll double check.
I just applied for BMO Airmiles WE, and got a phone call for income verification due to the current Covid situation, i was told they want to make sure people still have their jobs/income. Should i be applying for this card so soon after not being approved for the Airmiles, one is a MC and the other is a Visa but both from BMO, not sure whos actually doing the income verification in this case?
The VIP card is very intriguing when combined with an AU and a BMO investment account. Essentially a 4.2% cashback card on multiple categories on up to 100k spend.
Good point – or even when combined with a penchant for mercurial car rentals.
Hey Jane! Do you mean you could feed your BMO investment account with your credit card AND get the 4% cashback on those transactions?
That would be nice but no. I meant cash out your BMO rewards to a BMO investment account. 150 points / dollar I believe.
can you confirm on the lifestyle credit double dip? upon a second reading of the terms & conditions, people don’t appear to be in consensus that they will grant the 2020 lifestyle credit before year end.
Confirmed – the annual lifestyle credit is based on calendar year and resets on January 1. The double-dip is well and alive.
used your affiliate link, keep up the good work 🙂 and hope the double dip pulls through
Thanks Jay, I appreciate your support!
Will do. It was confirmed to affiliates that the credit would double-dip, but I see that it’s now a little ambiguous.
Very similar with new desjardins world elite remise crédit card. 4% groceries 3% restaurant entertainment and transit 1% all others catégorie. And you can put all points without penalties on everything. Bonus dollars. But they cut the insurance for 3 days. Desjardins world elite Odyssey of 60 Days.
How is this card compared to the upcoming TD/CIBC Aeroplan VIP card?
I find it very unfortunate that they don’t offer any airline perk, such as the TD/RBC luggage fee waver and priority boarding with Air Canada.
Stay tuned for an upcoming comparison post… probably next week.
Pretty decent returns overall for each card; and with the supplementary card added. However, are the returns confined to the BMO Rewards ecosystem?
All in all, perhaps not enough here to bump my 4% cash back card I use for grocery/gas
Yes, the returns are confined to the BMO Rewards ecosystem. For the BMO eclipse VIP, it’d depend on how much a cardholder values the return on travel purchases of up to 4.46%, since there are other cards with strong returns on dining, groceries, and gas, as you’ve noted.
This still has 2.5% foreign transaction fee uff