This post was sponsored by National Bank Of Canada.
The National Bank World Elite Mastercard1 can give you $800 in benefits every year, with a minimum annual purchase of $30,0002.
That’s more than 5x its annual fee.
But how do you get this much value out of this premium travel credit card? It’s all in the rewards and credit card perks.
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National Bank World Elite Mastercard rewards: More than $350 a year in reward points
One of the most important features of a credit card is its rewards – and the National Bank World Elite Mastercard doesn’t disappoint.
This premium rewards credit card earns you rewards on a tiered basis, based on your annual spending. Here’s how it works out:
- $0 – $40,000: 1.5 points per $1 spent
- $40,001 – $80,000: 2 points per $1 spent
- $80,001 and more: 1.5 points per $1 spent3
If you charge $2,500 a month, that’s 45,000 points you’ll earn every year. Since your points are worth 0.8 cents each when redeemed for gift cards – that’s a value of $360.
(($2,500 a month x 12 months) x 1.5 points per $1) x $0.008 per point = $360
Want to see even more value for your points? You can redeem them for travel through the À la carte rewards travel agency, where each point is worth 1 cent each. That gives your points a total value of $450.
(($2,500 a month x 12 months) x 1.5 points per $1) x $0.01 per point = $450
What can you do with your À la carte RewardsTM
But gift cards and travel aren’t the only way you can redeem your À la carte rewards. As a flexible rewards program, you have 5 different ways to redeem:
- Travel through National Bank À la carte TravelTM agency
- Pay for travel expenses
- Invest in a National Bank financial product
- Merchandise or gift cards
- Make a payment on your credit card
This way, even if you don’t have any travel plans on the horizon, you still have plenty of options for getting value out of your rewards.
National Bank World Elite Mastercard perks: $450 a year
On top of rewards, credit card perks can take a card to the next level.
The National Bank World Elite Mastercard has 2 main perks that provides heaps of value to cardholders.
$250 refund on travel extras
First, you can get up to $250 in travel extras refunded every year.
Here’s what’s included and their annual maximums:
- Airport parking fees: Up to $100
- Baggage fees: Up to $100
- Seat selection fees: Up to $504-5
These are all fees no one likes to pay, so it’s nice to get a break from them with this card.
Unlimited access to the National Bank Lounge
And when you visit the Montreal-Trudeau Airport for a trip outside of Canada, you’ll get unlimited access to National Bank Lounge for you, a guest, and 2 kids under the age of 12. This will give you a quiet place away from the rest of the airport, with drinks, snacks, and Wi-Fi included.
If you take advantage of this airport lounge access twice a year with a guest, that’s a $200 value.
Total value of the National Bank World Elite Mastercard: $800 a year
All together, that’s an easy $800 value:
$350 in reward points + $250 in travel refunds + $200 in lounge access = $800 value
Visit the lounge more often and maximize your rewards better by redeeming for travel – and you’ll get more than an $800 value out of the card every year.
Just note that this card does have high income requirements of $80,000 personal and $150,000 household – standard for a World Elite Mastercard.
Learn more about this card right here:
Bonus: A comprehensive insurance package6
But one thing we didn’t mention is the insurance package – a much-forgotten credit card perk that can give you a lot of value.
And the National Bank world Elite Mastercard doesn’t disappoint:
National Bank World Elite Mastercard Please review your insurance certificate for details, exclusions and limitations of your coverage.Extended Warranty 2 years Purchase Protection 180 days Mobile Device $1,000 Emergency Medical Term 60 days Emergency Medical Maximum Coverage $5,000,000 Emergency Medical over 65 15 days Trip Cancellation $2,500 Trip Interruption $5,000 Flight Delay $500 Baggage Delay $500 Lost or Stolen Baggage $1,000 Rental Car Theft & Damage Yes
The rental car insurance is particularly nice to see, since it’s one of the most valuable credit card insurance coverages available. It also provides coverage for 48 days.
On top of that, you get a full suite of great travel insurance, including one of the longest emergency medical coverages you can get if you’re over 65 years old.
Finally, the extended warranty coverage is better than most cards, which provides triple extended warranty, for up to 2 additional years – double what most credit cards offer.
What about you?
Do you think you could maximize the value of the National Bank World Elite Mastercard?
With the possibility of more than $800 in value every year, this credit card could be well worth the annual fee.
Apply for the National Bank World Elite Mastercard.
Offer terms
1 Credit card is issued subject to credit approval by National Bank of Canada, conditions apply. Visit nbc.ca/worldelitemastercard for credit card terms and conditions.
2 The potential annual benefit amount of $800 is an example of what a World Elite cardholder could obtain in their first year after signing up. This example is based on a cardholder who charges $30,000 to their card every year, gets $250 in travel fee refunds and visits the National Bank Lounge twice with a guest. The amount was calculated as follows: $30,000 in expenses per year equalling 45,000 reward points, which is equivalent to more than $350 in electronic gift cards ($100 for every 12,500 points) or travel discounts ($100 for every 12,000 points), $250 refund on travel fees and two visits to the Lounge with a guest ($48.29 plus taxes per person). Certain eligibility conditions apply. The potential benefit amount varies depending on the annual expenses charged to the account and the number of visits to the National Bank Lounge.
3 Certain restrictions apply. For more information, consult the applicable rules for earning points in the À la carte Rewards Plan section.
4 On condition that required supporting documents are provided in the manner and time frame prescribed. Some restrictions may apply.
5 Only the primary cardholder (Cardholder) of National Bank World Elite Mastercard whose account is in good standing can request a travel reimbursement. 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 $250. Eligible expenses include: airport parking fees (maximum $100), baggage fees (maximum $100) and seat selection fees (maximum $50). 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 $250 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 recompensesbnc.ca, click the Smart Traveller Fees tab and complete the form, you can also call 1‑888‑296‑8881 (toll-free) in Canada and the United States, or +1‑416‑734‑3922 (collect) from anywhere in the world.
6 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, his/her 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.
® NATIONAL BANK and the NATIONAL BANK logo are registered trademarks of National Bank of Canada, used under license by authorized third parties.
TM À LA CARTE REWARDS and À LA CARTE TRAVEL are trademarks of National Bank of Canada, used under license by authorized third parties.
® Mastercard and World Elite are registered trademarks, and the circles design is a trademark of Mastercard International Incorporated. Authorized user: National Bank
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