The National Bank World Elite Mastercard is a credit card with many premium features. It offers cash back rewards, travel rewards, and add-on benefits such as lounge access, Free Boingo Wifi, and comprehensive travel insurance. The card has some of the best customer service features in the industry. It’s not hurting your wallet when it comes to interest rates and fees, either.
Here is everything you need to know about the National Bank World Elite Mastercard.
Key Card Details
- $150 annual fee (waived the first year)
- 20000 bonus reward points (worth $200)
- Comprehensive insurance package
- Decent earn rate
- Apply through this secure for $80 cash back rebate (Cash back boost until Aug 31 2022)
National Bank World Elite Mastercard Welcome Bonus
If you’re looking for a credit card with a generous welcome bonus, then the National Bank World Elite Mastercard might be right for you.
A bonus of 20,000 la carte Rewards points is now offered with the National Bank World Elite Mastercard after spending $3,000 within the first three months of card enrollment. The amount is worth $200 when booking with Alacarte Travel ($0.01 for each point).
The World Elite card’s annual cost, which is $150, is also waived as part of the promotion for this card.
If you are deemed ineligible for the World Elite card, you will automatically be considered for the lower-tier cards, just like with other banks.
National Bank World Elite Mastercard Reward Structure
National Bank Mastercard’s rewards program stands out among other credit cards. For this card, the earning rate is tier-based rather than flat, as follows:
- Earn 1.5 La Carte Rewards points for the first $40,000 in net purchases each year.
- Earn 2 La Carte Rewards points for net purchases between $40,000 and $80,000 yearly.
- Earn 1.5 points for net purchases made after $80,000 each year.
The earn rate on this card is practically 1.5 points per dollar, which translates to a respectable 1.5 percent return if you spend the points on travel.
How To Redeem Your Points
You can use your rewards points in several ways with the rewards credit card program from National Bank.
The points you earn can be used to pay à la carte for travel within Canada or abroad or to get a refund for initial travel costs.
Every dollar spent on travel with la carte Travel Agency earns you an additional 1.5 points. You will also receive $100 discount every time you earn 10,000 points.
If you’re not interested in traveling, you can exchange your points for goods (such as products and gift cards) or settle a credit card balance.
Travel insurance and perks
The card offers outstanding travel benefits and bonuses in addition to its worthwhile rewards.
With the National Bank World Elite Mastercard, travelers are covered for travel lasting up to 31 days or 60 days with travel medical insurance covering a maximum of $5,000,000. In addition, 15 days of coverage are still available to people aged 65 to 75. It offers longer travel medical insurance coverage than most other Canadian credit cards.
Additionally, you’ll be covered by Canada’s best purchase protection and extended warranty insurance.
The card also offers travel insurance benefits such as:
- Rental Car Insurance
- Flight Delay coverage of $500 per person (based on a 4-hour delay)
- Baggage Loss and Delay protection.
In summary, National Bank World Elite Master Card is one of the best credit cards available today for Canadian travelers since it offers a wider range of protection than most other cards.
In conclusion
If you’re a frequent traveler, then a National Bank Mastercard is worth considering. This premium card offers many rewards and perks to improve your travel experience.