Pros & cons
Pros
- Up to 8 points per $1 spent on all purchases.
- Includes 15 types of insurance.
- 4 free passes to Mastercard Travel Pass lounges.
Cons
- Points only worth 0.5 cents each.
- Only available for residents of Alberta.
- High income requirements of $80,000 personal or $150,000 household.
Your rewards
Getting your welcome bonus
Based on $2,000 in monthly spending, you can get up to 40,000 points which translates to an estimated $200.◊
For all welcome bonus details click here.
How you earn rewards
Each card earns rewards differently. Part of choosing your card is deciding what type of rewards you want to get. With ATB World Elite Mastercard, here's how you earn rewards:
- 8 points per $1 spent on travel
- 6 points per $1 spent on groceries , gas , digital streaming services , subscriptions, and entertainment
- 2 points per $1 spent on all other purchases
For all reward details click here.
How much your rewards are worth
The dollar value of your rewards depends on the specific rewards program ‒ and what you choose to redeem your points for. For ATB World Elite Mastercard in particular, if you spend $2,000 per month, here's our estimated annual rewards earned depending on which reward you choose:
| Statement credits | $324 | |
| Redeem for any travel | $324 |
Calculating your annual rewards
$24,000 annual spending x 1.35% return on spending = $324 annual rewards
$324 annual rewards − $120.00 annual fee = $204 net annual rewards
Top related credit cards
Compare similar cards side-by-side.
8x Award Winner
Details and eligibility
- Estimated Credit Score
- 760 - 900
- Personal Income
- $80,000
- Household Income
- $150,000
- Annual Fee
- $120.00
- First Year Free
- Yes
- Extra Card Fee
- $25
- Card type
- Credit
- Purchase
- 20.99%
- Cash Advance
- 22.99%
- Balance Transfer
- 22.99%
Insurance coverage
- Extended Warranty
- 1 year
- Purchase Protection
- 90 days
- Price Protection
- Yes
- Travel Accident
- $500,000
- Emergency Medical Term
- 22 days
- Emergency Medical Maximum Coverage
- $2,000,000
- Trip Cancellation
- $1,000
- Trip Interruption
- $1,000
- Flight Delay
- $500
- Baggage Delay
- $500
- Lost or Stolen Baggage
- $1,000
- Personal Effects
- $1,000
- Hotel Burglary
- $1,000
- Rental Car Theft & Damage
- Yes
- Rental Car Accident
- $225,000
- Rental Car Personal Effects
- $1,000
Please review your insurance certificate for details, exclusions and limitations of your coverage, terms and conditions apply.
Learn more about the value of credit card insurance coverage.
Genius Rating
ATB World Elite Mastercard's 4.3 Genius Rating is based on the weighted average of the following scores:
Methodology
All scores are produced by our math-based rating algorithm that takes into account over 126 credit card features.
Top cards from Mastercard
GC: $150
GC: $100
GC: $100
ATB World Elite Mastercard review
The cream of the crop when it comes to ATB's credit card lineup, the ATB World Elite Mastercard is the best that ATB offers.
Here's everything this credit card has to offer you.
4 benefits to the ATB World Elite Mastercard
Here's what the ATB World Elite Mastercard brings to the table.
1. High rewards on purchases, everywhere
The ATB World Elite Mastercard keeps it simple when it comes to rewards – you'll earn 8 points per $1 spent on travel, 6 points per $1 spent on groceries, gas, digital streaming services, subscriptions, and entertainment, 2 points per $1 spent on all other purchases.
Considering that these points are worth 0.5 cent each, you're getting a return of 0.75% everywhere you shop. As a Mastercard with one rate for everything, it can make for an excellent Costco credit card.
2. Amazing insurance coverage
The insurance coverage included is outstanding. A total of 15 types of insurance are included with this card.
You can see the full details above, but one standout is price protection, where you can get a refund on items you've bought if they go on sale at a later date.
3. Free airport lounge access
All World Elite Mastercards include a membership to Mastercard Travel Pass, but only a few of them include some free passes.
The ATB World Elite Mastercard is one of those cards. It includes 2 free passes to over 1,300 airport lounges worldwide.
4. Standard World Elite Mastercard benefits
All your usual World Elite Mastercard benefits are here.
2 downsides to the ATB World Elite Mastercard
Here are things to keep in mind with the ATB World Elite Mastercard.
1. Only available to residents of Alberta
ATB only operates in Alberta. And as such, their credit cards are only available to residents of Alberta.
If you live in other provinces, you'll have to look elsewhere to get your credit card fix.
2. High income requirements
We have a World Elite Mastercard on our hands, so the usual (and steep) income requirements of $80,000 personal or $150,000 household will apply here.
Comparison to other World Elite Mastercards
Curious how this card compares to other World Elite Mastercards? Here’s a comparison to another travel Mastercard – the MBNA Rewards World Elite Mastercard.
| ATB World Elite Mastercard | MBNA Rewards World Elite Mastercard | |
|---|---|---|
| Earn Rates | * 8 points per $1 spent on travel * 6 points per $1 spent on groceries, gas, digital streaming services, subscriptions, and entertainment * 2 points per $1 spent on all other purchases | * 5 points for every $1 spent on restaurants, groceries, and select recurring bills (up to $50,000 spent annually per category) * 1 point per $1 spent on all other purchases |
| Average Earn Rate | 1.35 | 2.86 |
| Insurance Included | 15 types | 12 types |
| Other Features | 2 free passes to Mastercard Travel Pass lounges | 10% bonus points every year on your birthday |
| Annual Fee | $120 | $120 |
Leave a review
For those of you who have the ATB World Elite Mastercard, what are your thoughts on the card?
Leave a user review below so others can see your opinions of the card.
People also viewed
Key benefits
User reviews
Reviewed by 2 Canadians
Thank you for your review!
Hang tight while we verify and approve it.
If you want to see your review right away...
Create an account:
I keep comparing this to cards like the Cobalt, but I can't bring myself to switch to that.
This write-up needs to be revised. This card is much more valuable than advertised.
The card offers:
- 4 lounge passes, not the 2 mentioned.
- 4% back on airlines/hotels/car rentals
- 3% back on groceries (no costco/walmart), gas (incl. costco), streaming, entertainment
- 1% back on everything else
- It can pay straight cash as a statement credit
- Lots of different insurance coverages
- No annual fee if you have an ATB advantage account
- 1% cash back even at costco is better than the costco mastercard
ATB's customer service and the quality of this credit card is absolutely amazing
$100 GeniusCash + Transfer points to Aeroplan and 7 other travel partners with Canada's #1 credit card.*