A Review of the National Bank World Elite MasterCard

Jordann Brown
by Jordann Brown January 3, 2016 / No Comments

A travel rewards credit card is an excellent way to maximize your day-to-day spending, and if you have an income over $70,000 per year, the National Bank World Elite MasterCard has one of the strongest travel rewards programs available. In fact, if you spend more than $50,000 on your credit card annually, this credit card could earn you more than $800 a year in rewards!

The National Bank World Elite MasterCard has an annual fee of $150 that’s waived in the first year. The interest rate on this credit card is 19.99% on all purchases and 21.99% on cash advances and balance transfers. To qualify for this credit card, you need to have an income of $70,000 per year, or a household income of $120,000. The minimum credit limit is $5,000.

Travel rewards

The National Bank World Elite MasterCard is a travel rewards card, which means you earn points for every dollar you spend on this card. When you earn enough points, you can redeem them for plane tickets, hotel stays, car rentals, vacation packages, and even merchandise and gift cards. You can redeem your points via the A la carte Rewards Boutique for either the full or partial value of your travel.

This credit card is ideally suited to the power spender. With this credit card, you’ll earn 1.5 points for every dollar you spend up to $40,000 per year. After that, you’ll earn 2 points for every dollar you spend up to $80,000. You’ll then earn 1.5 points for every dollar you spend above $80,001. You’ll also get an anniversary bonus valued at $250 every year. One point is equal to $0.01.

So what’s the dollar value of the travel rewards you’ll earn with this credit card? Let’s calculate your rewards based on the following spending profile:

Monthly spending Yearly spending Points earned
$4,250 $51,000 $40,000 x 1.5 = 60,000 points

$11,000 x 2 = 22,000 points

60,000 + 22,000 = 82,000 points

Dollar value: 82,000 x $0.01 = $820

Here’s what you’ll earn once we factor in annual fees and anniversary bonuses:

  Value of points earned Annual fee Anniversary bonus Total
First year $820 $0 $0 $820
Subsequent years $820 $150 $250 $920

As you can see, using the National Bank World Elite MasterCard for your daily spending is a great way to earn free flights, hotel stays and vacations. If you spend $51,000 on your credit card every year, you’ll earn $820 in rewards in the first year and $920 in subsequent years. Note that the value of the points you earn will be different based on your unique spending habits.

Exclusive perks

When your travel internationally through Montréal-Trudeau Airport, this card gives you and a guest complimentary access to the National Bank World MasterCard Lounge. You can add additional guests for a $25 fee. You’ll also receive up to $250 each year in fee reimbursements related to travel. Get reimbursed for up to $100 in airport parking fees, $50 in advance seat selection costs and $100 in baggage check-in fees.

Insurance benefits

The National Bank World Elite MasterCard has a robust insurance benefit package with an emphasis on travel insurance. Here’s the travel insurance coverage you can expect:

  • Trip cancellation and interruption insurance
  • Flight delay insurance
  • Baggage insurance in case of delay or theft
  • Vehicle rental insurance
  • Out-of-province/residence medical and hospital insurance

This credit card also protects your purchases. Enjoy the peace of mind that comes with zero liability protection for unauthorized purchases. The card also offers an extended warranty on purchases, tripling the original warranty up to a maximum of two additional years. Finally, all purchases made on this credit card are covered by purchase insurance for up to 180 days after the purchase.

The last word

If you intend on spending a lot of money using your credit card and want to earn travel rewards, you should consider getting the National Bank World Elite MasterCard.

National Bank World Elite MasterCard

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  • $150 annual fee (waived the first year)
  • 19.99% interest rate
  • Anniversary bonus
  • Earn 1.5 points for every dollar you spend up to $40,000 annually, two points for every dollar you spend up to $80,000, and 1.5 points if you spend beyond $80,000
  • Welcome Offer: Up to 30,000 Bonus Points