BMO has upgraded its top card, the BMO eclipse Visa Infinite Privilege, as reported by Prince of Travel on November 2, 2026. The card now has no foreign transaction fees, a $200 annual Travel Credit, 10 lounge visits a year and 5x points on health and wellness, alongside a 200,000 point welcome bonus. If you are a Canadian business owner who spends in US dollars, this is one of the more useful card changes of the year.
What changed on the BMO eclipse Visa Infinite Privilege?
Four things changed, and the biggest one is the foreign fee. Here is the full list from the story:
- No foreign transaction fees
- A $200 annual Travel Credit
- 10 lounge visits a year
- 5x points on health and wellness
On top of that, the card is offering a 200,000 point welcome bonus. That is a big headline number, but the fee change is the part that will save you money every single trip, long after the bonus is spent.
Why do foreign transaction fees matter so much?
Because most Canadian credit cards quietly add about 2.5% to every purchase made in another currency. You rarely see it as its own line. It just makes every US hotel, rental car, dinner and software bill a little more expensive.
The math adds up fast. Spend $20,000 a year in US dollars and that fee costs you about $500. Spend $50,000 and it is about $1,250. For a business owner who flies to the US for clients, trade shows or suppliers, that is real money going nowhere.
Only a small group of Canadian cards skip this fee. Adding BMO's top card to that group matters, because it means you no longer have to carry one card for points at home and a second card just for spending abroad.
Are the lounge visits and travel credit worth it?
For a frequent flyer, yes, they add real value, but they are not the reason to get this card. Ten lounge visits a year covers a good number of trips for most people. If you fly a few round trips a year, that could mean a quiet seat and a meal before most of your flights instead of a crowded gate.
The $200 annual Travel Credit is a simple win if you were going to travel anyway. Credits like this work best when they cover something you would have paid for regardless. Read the terms before you count on it, since the story does not spell out exactly what it applies to.
The 5x points on health and wellness is a nice extra, but for most business owners it will not move the needle much compared to the foreign fee change.
Who should get this card, and who should skip it?
Get it if you spend in US dollars or other currencies a few times a year or more. That is the clearest case. The no fee change plus lounge visits make this a strong travel card for someone who is already on the road.
Think twice if you almost never leave Canada. Then the big benefit does nothing for you, and the welcome bonus alone may not be reason enough to switch.
Our honest take: this is the update that makes the eclipse card a real contender for Canadian travellers. Premium cards in Canada have been slow to drop foreign fees. BMO doing it on its flagship card puts pressure on the other big banks to follow, and that is good news for anyone who flies.
One more thing to keep in mind. A great card is only part of the picture. How you spend the points it earns matters just as much as how many you earn.
If you run a business, your spending may already be enough for more trips up front than you think. You can see what your spending buys in business class seats, before you change a single card.