National Bank World Elite Mastercard is an excellent option for frequent travelers. It comes with extended travel insurance and an impressive range of various rewards. Although the card has a bit of a steep eligibility requirement, it offers access to additional top-class travel insurance, including 60-day medical insurance coverage for travelers.
Benefits and rewards over the first year valued at $1,117*
Earn up to 2 points on ALL card purchases* without restrictions*!
Up to $250 each year in 'savvy traveller' fee rebates on airport parking, seat selection, and check-in fees
Reassuring protection. Travel with peace of mind thanks to our comprehensive insurance coverage: medical and hospital insurance, trip cancellation and interruption insurance, flight delay insurance, baggage insurance, and car rental insurance.
Trade your reward points without restrictions: gift cards, branded articles, and travel rebates.
Free access along with one (1) guest to the National Bank Elite World MasterCard™ Lounge at Montreal-Trudeau
Concierge service, offers a wide range of services. Available 24/7
The World Elite Mastercard National bank card makes the difference. Get travel experience to the next level.
If you’re a high earner with good financial standing and a perfect credit score, the National Bank World Elite Mastercard is a top-of-the-class credit card for enjoying VIP travel perks, earning rewards, and getting cash back. Issued by one of Canada’s best banks, National Bank, this travel rewards credit card offers many benefits for frequent globetrotters. Let’s discuss its advantages, disadvantages, and more.
National Bank World Elite Mastercard is the Best for
All who travel frequently;
High earners looking for premium travel rewards credit cards;
High rollers and big spenders looking for access to the exclusive World Elite program;
Mastercard owners looking for access to VIP-worthy perks;
Business owners looking for additional travel medical insurance and top-tier rates on all purchases.
What Are National Bank World Elite Mastercard Pros?
Like all other World Elite Mastercards, the National Bank World Elite Mastercard gives you access to a top-grade benefits program. Let’s discuss the perks you can expect.
Access to Mastercard World Experiences
The World Elite credit card program offers access to various complimentary upgrades and valuable offers. You can upscale hotel benefits, earn various rewards, receive welcome offers, and more through Mastercard Access.
Depending on your overall spending, you can earn cash back rewards for every purchase you make, as long as it happens over 12 months. Those who spend between $40,000–$80,000 can expect to earn maximum rewards. Every new cardholder receives a generous welcome offer through welcome bonus points. However, to unlock this reward, a new cardholder must spend a minimum of $3,000 in the first three months of getting approved. From an earner’s perspective, this credit card is quite lucrative. It allows a cardholder to earn cashback with every spending. However, what makes it so great is that you can use your cash back points to redeem travel.
If you become a proud owner of a National Bank World Elite Mastercard, you get access to a comprehensive array of travel insurance benefits such as:
Extended warranty (up to 2 extra years);
Purchase protection for 6 months or 180 days;
Trip cancellation insurance;
Trip interruption insurance;
Stolen or lost baggage insurance;
Baggage delay insurance;
Flight delay insurance;
Rental vehicle insurance (up to 48 days);
Medical insurance coverage.
This card offers more than double standard extended warranty coverage and purchase protection compared to most credit cards.
If you’re frequently traversing the globe, getting an unlimited access to the National Bank Lounge could benefit you in many ways. The World Elite Mastercard is an excellent solution for all globetrotters who frequently fly via the Montreal-Trudeau airport. With it, you get unlimited National Bank Lounge access to free Wi-Fi, drinks, and snacks. In addition, you’re at liberty to bring one guest for free. Moreover, the card allows you to get a cashback refund on all expenses relating to airport fees, including seat selection expenses, baggage fees, parking tickets, etc.
Points redeeming flexibility
When redeeming your cash back points, you have flexible options on your hands. You can redeem your travel escapades in Canada or abroad using the A la carte travel option or ask for a refund for previous travel expenses. Each booking with the A la carte travel agency earns your cash back points per dollar spent. Once you’ve earned 10,000 points, you receive cash back in discounts. If you’re not a frequent traveler, the card allows you to redeem your cash back for gift cards, products, and merchandise. However, what makes this card so great is the option to use your points to pay off your card balance.
Are There Any Disadvantages?
Even though the National Bank World Elite Mastercard is a premium travel card, it comes with a few downsides to look out for. The most important downsides include high annual fees, high requirements, and difficulties earning top-tier rates.
High annual fee
Even though the card offers many rewards and travel perks, it has a hefty annual fee, even for a premium travel credit card. Even if you’re a high roller, you should get all the figures right to ensure the card is worth such a steep annual fee. Aside from the annual fee, the card also charges a fee for each authorized user you add to your credit card account.
High income requirement
While high-income requirements are common for the World Elite credit card program, this card has a high requirement regarding minimal personal income. The card issuer also accepts applications from people with high household incomes. However, you’ll need at least $150,000 in household income to qualify.
Earning a top-tier rate is quite difficult
The World Elite Mastercard allows you to earn cash back points with every dollar spent with the card, but you’ll have to spend a minimum of $40,000 on the card within 12 months to achieve this benefit. Once you accomplish this goal, the cash back you receive should be much higher. Instead of rewarding you to a higher rate tier, you go back down to regular cashback until the year resets.
What Makes National Bank World Elite Different
The first thing that makes the World Elite Card from the National Bank of Canada different is the annual travel credit for airport parking, baggage fees, and seat selection. The card also gives you unlimited access to the National Bank Lounge at Montreal-Trudeau Airport. It also includes extensive insurance coverage, including award tickets for flight delays, trip interruptions and cancellations, and emergency medical insurance. Finally, the card allows you to earn cash back points per dollar spent.
Although you must be a Canadian resident to qualify for this card, and there are some high requirements to consider, the National Bank World Elite Mastercard is a fantastic travel credit card for big spenders, high earners, and frequent travelers. It offers extensive travel insurance coverage, flexible rewards, and exceptional benefits for cardholders. While the annual fee might be pretty high, the card’s range of benefits is simply hard to ignore. If you’re a Canadian resident who often travels abroad, you should consider owning this card.
Frequently Asked Questions
What kind of rewards can I earn with my World Elite Mastercard?
The National Bank World Elite Mastercard allows you to earn points back on every purchase you make with the card. You can redeem your points for statement credits, investments, gift cards, or travel.
Do I receive any travel reimbursements with the World Elite card from National Bank?
The card allows you to earn travel credits every year. You can use your credits to cover baggage fees, seat selection, and airport parking.
What are the biggest cons of owning the NBC World Elite credit card?
The biggest downsides to the National Bank World Elite card include: – A steep annual fee after 1st year – High income qualification requirement. – High spending requirement for unlocking top-tier cash back points rate. The card’s annual fee is one of the highest in the category, despite all the benefits it offers. Moreover, the card is available to Canadian residents only.
Grace period: No interest will be charged on purchases made during the month, provided the client pays the balance in full within twenty-one (21) days of the statement date. This grace period does not apply to cash advances or balance transfers. Minimum payment: If your account balance is lower than $10, you must pay the entire balance. If you reside in the province of Quebec, your minimum payment will correspond to 5% of the credit card account balance plus any overdue payment or $10, whichever amount is higher. If you reside outside of Quebec, your minimum payment represents 2.5% of the credit card account balance plus any overdue payment or $10, whichever amount is higher. Account statement: A statement is sent monthly.
Example of credit charges over a 30-day period
Annual interest rate
*Variable interest rate in effect on September 1, 2021
Balance transfer and cash advance are subject to credit approval by National Bank. Each balance transfer must be at least $250.
Details of eligible rewards points
Certain restrictions apply. For more information, consult the Rewards plan section or the Plan rules regarding how to earn points.
The amount of points earned on grocery and restaurant purchases depends on the total gross monthly amount charged to the credit card account, regardless of the purchase category. You will earn 5 points for every dollar in eligible grocery and restaurant purchases until a total of $2,500 in gross monthly purchases is charged to the account. After that, you will earn 2 points per dollar in eligible grocery and restaurant purchases. The total gross monthly amount is calculated based on your monthly billing period. Grocery purchases include any purchase made at a store that primarily sells food, i.e., grocery store, delicatessen, supermarket, greengrocer or specialty food store. Ready-to-eat meal services and meal delivery services are eligible. This definition excludes purchases made at retail stores and big box stores whose core business is the sale of non-food items. Certain merchants may sell products and services that appear identical or similar to those sold by eligible merchants, or may be separate merchants located on the same premises as eligible merchants, but are classified in different categories by Mastercard. For purchases at other merchants, you will only earn regular rewards points. Restaurant purchases include purchases at a restaurant, fast food restaurant, bar, nightclub or pub. For a full list of Mastercard codes associated with eligible merchants, download the terms and conditions of the À la carte Rewards Plan®.
To earn 2 points per dollar in purchases, you will need to purchase gas or an electrical vehicle charge from a service station or from certain big-box stores. Certain merchants may sell products and services that appear identical or similar to those sold by eligible merchants, or may be separate merchants located on the same premises as eligible merchants, but are classified in different categories by Mastercard. For purchases at other merchants, you will only earn regular rewards points. For a full list of Mastercard codes associated with eligible merchants, download the terms and conditions of the À la carte Rewards Plan®.
Recurring bill payments are defined as monthly or regular payments automatically charged by a merchant to your National Bank World Elite Mastercard credit card. Not all merchants offer recurring bill payments, and not all recurring payments are considered recurring bill payments. Certain payments therefore may not entitle you to earn more points.
To earn 2 points per dollar in purchases, you must make your eligible purchases via the À la carte TravelTM Agency section of our À la carte RewardsTM site.
For example, if each month you charge $400 in groceries, $200 in gas, $100 in recurring bill payments and $150 in other purchases to your card, your $850 in purchases will earn you 2,750 points, as follows: 2,000 points for grocery purchases (since the total gross monthly amount is $850, i.e., under $2,500), 400 points for gas purchases, 200 points for recurring bill payments and 150 points for other purchases.
National Bank Lounge conditions
Exclusively available to World Elite Mastercard cardholders.Visitors must present their physical credit card and boarding pass to access the National Bank Lounge. The National Bank Lounge is only available to clients travelling to international destinations (excluding Canada and U.S. flights). Guests cannot spend more than three (3) hours in the Lounge. For National Bank clients who do not have free Lounge access and for additional guests, admission is around $37 for adults and $26 for children, plus tax. Admission is free for children under three years old. The entry price may change at any time without notice and at the discretion of the Lounge operator.
Travel and health insurance conditions
Clients must submit required documents within the given deadline. Certain conditions may apply. Only the primary cardholder (“Cardholder”) of National Bank World Elite Mastercard whose account is in good standing can request a refund of travel expenses. An account in good standing refers to an account linked to a credit card which complies with the Agreement governing the use of the credit card and which is not subject to any restrictions. For example, the annual fees related to the credit card must have been paid in full. The maximum amount that can be submitted for reimbursement between January 1 and December 31 of each year is $150.
Eligible expenses include:
airport parking fees
seat selection fees
access to airport lounges worldwide
airline ticket upgrades
The claim must be submitted within 60 days of the purchase date and accompanied by proof of purchase. The travel fees must be charged to the National Bank World Elite Mastercard credit card. The maximum reimbursement amount is $150 per account. The refund will be issued within 7 business days following the request approval date and after receiving all required information. An amount not claimed in a year cannot be carried over to the following year. For more information or to obtain the refund form, sign in to rewards.nbc.ca, click the Refund of travel expenses tab and complete the form, you can also contact us at 1-888-296-8881 (toll-free).
This coverage applies to purchases and rentals charged in part to the card, except out-of-province medical/hospital insurance for which the travel arrangements need not be charged to the card and lost or delayed luggage insurance where all transportation costs must be charged to the card. This coverage applies to the primary cardholder, their spouse and/or dependent children when they (spouse and/or dependent children) travel with the primary cardholder. Extended warranty coverage applies to most new items purchased with the card, in Canada or abroad, as long as the manufacturer’s warranty is valid in Canada. Certain conditions and restrictions apply. For more information and for details of your insurance coverage, please consult the insurance certificate associated with your card.
Mobile devices protection:
Up to $1,000 in the event of breakage, loss or theft for a maximum of 2 years after the purchase date. The device must have been purchased using your National Bank World Elite Mastercard credit card, or your phone plan must be paid via recurring payments charged to your National Bank World Elite credit card starting September 1, 2022. For complete terms and conditions, please consult the insurance certificate associated with your card.
*Minimum gross annual income required: $80,000 for the applicant or $150,000 for household income
**In order to be eligible for our welcome offer, you cannot currently possess a personal National Bank Mastercard credit card or have owned one in the previous 24 months. This requirement is in place to ensure that new customers can enjoy the benefits of our offer.
*The information provided for National Bank World Elite Mastercard® is believed to be accurate at the time of evaluation or recent update on September 21, 2023. However, we strongly advise visitors to review the card fees and Terms & Conditions on the issuer's website by following Apply Now link to verify the accurancy of the information posted prior to applying for this card offer.
National Bank World Elite Mastercard®
National Bank World Elite Mastercard®
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