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National Bank World Elite Mastercard review

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National Bank World Elite Mastercard
Welcome Offer
N/A
Rewards
Up to 5 points
Annual Fee
$150
Purchase Interest Rate
20.99%
Cash Advance Rate
22.49%
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Summary

Get exclusive travel benefits and a high return on points with this premium credit card. 

Earn up to 5 points in groceries and restaurants, 2 points on gas and bill payments and 1 point for every $1 on all other purchases.

In this guide

  • Review
  • Frequently asked questions
  • Your reviews

Earn up to 5 points in groceries and restaurants, 2 points on gas and bill payments and 1 point for every $1 on all other purchases. It also comes with a generous return on rewards, comprehensive travel insurance and a handful of exclusive travel perks.

30-second take

  • Think about the National Bank World Elite Mastercard if you want comprehensive travel insurance and the chance to earn cash back in your first year.
  • Choose something else if you’d rather collect frequent flyer miles from a specific program or you don’t want to pay an annual fee.
  • Your minimum annual income needs to be $80,000, or you should have a household income of $150,000 to qualify.

The basics

If you’re looking for a premium travel card that will help save you money and give you peace of mind on your next trip, you should check out the National Bank World Elite Mastercard.

  • High return. Earn up to 5 points in groceries and restaurants, 2 points on gas and bill payments and 1 point for every $1 on all other purchases.
  • Welcome offer. Earn up to 5 points in groceries and restaurants, 2 points on gas and bill payments and 1 point for every $1 on all other purchases.
  • Extended warranty. Get up to two years in extended warranty coverage on any items you buy with your card.
  • Purchase protection. Lock in purchase protection for up to 180 days
    to protect against theft or damage on any product you buy with your credit card.
  • Travel perks. Qualify for refunds on extras like seat selections and baggage fees, and relax in style with unlimited VIP access to the National Bank lounge in the Montreal airport.
  • Travel insurance. Cash in on up to 60 days of travel medical insurance per trip, along with other travel benefits outlined below:

Coverage type

Amount

Travel medical

Up to $5,000,000 per person

Trip cancellation

Up to $2,500

Trip interruption

Up to $5,000

Flight delay

Up to $500

Baggage delay

Up to $500

Baggage insurance (theft or damage)

Up to $1,000

The perks

  • Car rental insurance. Get insurance coverage in North America when you hit the road in any rental vehicle that you pay for with your card
  • Zero-liability coverage. Cover yourself against any losses related to fraudulent charges on your account with zero-liability insurance.
  • Special travel agency. Get special discounts on vacation packages and airline tickets when you cash your points in with National Bank‘s À la carte Rewards online travel agency.
  • Flexible rewards. Take advantage of flexible rewards when you redeem your points for travel, merchandise, gift cards, banking products and more.

What to watch out for

  • High annual fee. The fee for this card is $150 per year.
  • High interest. You’ll be on the hook to pay 20.99% interest on outstanding balances and 22.49% for cash advances.
  • Low points value. The value of National Bank‘s travel points is lower than what’s on offer with other frequent flyer and travel rewards programs.
  • Fee for additional cards. You’ll have to pay an additional $50 for every extra card you take out.
  • Difficult to qualify. The minimum income to get approved for this card is $80,000 or $150,000 as a household income.

National Bank World Elite Mastercard interest rates

Interest TypeInterest Rate
Purchase interest rate20.99%
Cash advance rate22.49%
Standard balance transfer rate22.49%

What should I know before I apply?

Eligibility requirements

To apply for a National Bank World Elite Mastercard, you need to meet the following criteria:

  • Be a Canadian citizen or permanent resident who is at least 18 years old (19 in some provinces)
  • Have a minimum annual income of $80,000 or a household income of $150,000

Required documents and information

  • Your name, residential status and contact information
  • Your social insurance number (SIN) and date of birth
  • Your email address and phone number

How to apply for the National Bank

  1. Click the ‘Go to site’ button above or use this secure link to be securely redirected to the online application.
  2. Complete the application, which includes providing your name, email address, social insurance number and birth date.
  3. Review and submit your application.

Compare other credit cards

1 - 10 of 43
Name Product Welcome Offer Rewards Purchase Interest Rate Annual Fee Min. Credit Score Description
RBC Cash Back Mastercard
N/A
Up to 2% cash back
20.99%
$0
Min. recommended credit score: 650
Neo Credit Mastercard
Get $25.00 + up to 15% cash back
Up to 5% cash back
19.99% - 29.99%
$0
Min. recommended credit score: 600
Get $25 when you sign up for the Neo Financial Mastercard. Plus, earn bonuses like 15% cashback on your first purchase at most partners, and earn an average of 5% cashback at partner stores and at least 1% cashback guaranteed.
RBC ION Visa
6,000 points
1.5 points per $1 spent
20.99%
$0
Min. recommended credit score: 660
Get 6,000 Avion points when you get approved for the card.
Tangerine World Mastercard
10% cash back
Up to 2% cash back
19.95%
$0
Min. recommended credit score: 600
Earn 10% cash back (up to $100) when you spend $1,000 in the first 2 months. Valid until October 31, 2024. Plus, get a 1.95% interest rate on balance transfers for the first 6 months.
American Express Cobalt Card
15,000 points
Up to 5x points per $1 spent
21.99%
$155.88
Min. recommended credit score: 700
Earn up to 15,000 Membership Rewards points in your first year. Earn 1,250 Membership Rewards points for each monthly billing period in which you spend $750 in purchases. That’s up to $150 towards a weekend getaway or concert tickets.
BMO CashBack Mastercard
5% cash back
Up to 3% cash back
20.99%
$0
Min. recommended credit score: 660
Get 5% cash back on all eligible purchases in the first three months of card membership (up to max. spend of $2,500). Plus, get a rate of 0.99% on balance transfers for 9 months. A 2% fee applies to transferred balances.
Tangerine Money-Back Credit Card
10% cash back
Up to 2% cash back
19.95%
$0
Min. recommended credit score: 600
Earn 10% cash back (up to $100) when you spend $1,000 in the first 2 months. Valid until October 31, 2024. Plus, get a 1.95% interest rate on balance transfers for the first 6 months.
RBC ION+ Visa
12,000 points
3 points per $1 spent
20.99%
$48
Min. recommended credit score: 660
Get 12,000 Avion points when you get approved for the card.
BMO eclipse rise Visa Card
25,000
Up to 5 points per $2 spent
20.99%
$0
Min. recommended credit score: 660
Earn up to 25,000 bonus points.
BMO Preferred Rate Mastercard
0.99% rate on balance transfers for 9 months
N/A
13.99%
$0 annual fee for the first year ($29 thereafter)
Min. recommended credit score: 660
Get a rate of 0.99% on balance transfers for 9 months with a 2% transfer fee. Plus, get the $29 annual fee waived by your first anniversary.
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Bottom line

The National Bank World Elite Mastercard is a travel rewards card designed for frequent flyers. It offers a chance to earn cash back, in addition to the points you’ll earn for making purchases. You’ll also qualify for comprehensive travel insurance and other perks like car rental insurance and purchase protection when you sign up.

National Bank World Elite Mastercard FAQs

Frequently asked questions

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