The National Bank Platinum Mastercard is an excellent credit card that comes with an extensive array of rewards and benefits. Similar to the high-end card of National Bank, it features a comprehensive travel insurance package. The best part is that it has no minimum income requirements making it accessible for many Canadian. In addition, the card charges no annual fee for the first year. This means you can use the card for a year to see if it’s the right card for you.
Here is everything you need to know about the National Bank Platinum Mastercard.

Key Card Details

• $89 annual fee
• No minimum income required
• Travel insurance benefits
• Exciting welcome bonus
• 20.99% purchase interest rate
• 22.49% interest rate on balance transfers and cash advances
• $500 minimum credit limit
• Apply through this secure link for $80 cash back rebate

Welcome Bonus

The National Bank credit cards have one of the most generous signup bonus in Canada. With this card, you can earn 20,000 rewards points if you charge $3,000 in net purchases within three months of account opening. The bonus points are worth $200 when redeemed for travel through Alacarte Travel.
The 20,000 reward points will be credited to the customer’s credit card account no later than five statements after account opening.
Also, for the first year, you will pay no annual fee for using this card.
However, the account must be in good standing to be eligible for the annual fee rebate and bonus rewards points.
The net purchases charged to the card are calculated for three months, starting at account opening. So, for example, if the account is opened on July 7, 2022, the account holder will have until October 7, 2022, to charge the required amount of purchases to the account and obtain the bonus rewards points.

Insurance Coverage

The National Bank Platinum Mastercard offers a comprehensive suite of travel insurance benefits, including:

• Trip cancellation insurance (Up to $1250 per person)
• Trip interruption insurance (Up to $2500 per person)
• Out-of-province-of-residence medical/hospital insurance for up to $5 000 000 per person for 10 days. This is one of the few cards in Canada that provide medical coverage for adults up to age 75.
• Flight delay insurance (Up to $500 per person). The delay must be over 4 hours to qualify for this benefit.
• Baggage insurance in case of theft or loss of up to $1,000 per person
• Vehicle rental insurance. This coverage protects you against collision, theft or damage for 48 days (theft of personal effects up to $2,000)

How To Redeem Your Reward Points

National Bank’s credit card rewards program offers a wide range of redemption options.
You can use your points to book trips abroad or within Canada through Alacarte Travel. You may also use your point to pay off your credit card balance or purchase merchandise (products and gift cards).
Whenever you book travel with A la carte Travel Agency, you earn an additional 1 point for every dollar spent and receive $100 in discounts after earning 10,000 points.

National Bank Platinum Mastercard Downsides

The big draw for this card is its rewards program, which gives you 1X points on all purchases. But if you charge your travel expenses to the card through A la carte travel, you earn 1 bonus point. So if you want to earn great rewards on your daily spending like gas and groceries, you may want to check other reward credit cards.

In conclusion

All in all, the National Bank Platinum card is an excellent choice for someone who frequently flies via A la carte travel. It offers flexible perks that are easy to use and comes with an impressive insurance package.