Pros & cons
Pros
- Up to 2 points per $1 spent on purchases.
- Includes 10 types of insurance.
Cons
- Low monthly caps on bonus categories.
- Poor base earn rate of only 1 point per $1.50 spent.
- No welcome bonus.
Your rewards
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 National Bank Platinum Mastercard, here's how you earn rewards:
- 2 points per $1 spent on groceries and restaurants , up to $1,000 in total spend per month (1.5 points after)
- 1.5 points per $1 spent on gas , electric vehicle charging , recurring bills , and travel booked through A La Carte Rewards
- 1 point per $1.50 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 National Bank Platinum Mastercard in particular, if you spend $2,000 per month, here's our estimated annual rewards earned depending on which reward you choose:
| Any travel from National Bank | $326 | |
| Any travel | $270 | |
| National Bank investments | $270 | |
| Merchandise | $264 | |
| Gift Cards | $251 | |
| Statement credits | $130 |
| Redemption Option | Point Value | Total Value |
|---|---|---|
| Any travel from National Bank | 1 cent | $10 |
| Any travel | 0.83 cents | $8 |
| National Bank investments | 0.83 cents | $8 |
| Merchandise | 0.81 cents | $8 |
| Gift Cards | 0.77 cents | $8 |
| Statement credits | 0.4 cents | $4 |
Calculating your annual rewards
$24,000 annual spending x 1.13% return on spending = $270 annual rewards
$270 annual rewards − $70.00 annual fee = $200 net annual rewards
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Details and eligibility
- Estimated Credit Score
- 760 - 900
- Personal Income
- N/A
- Household Income
- N/A
- Annual Fee
- $70.00
- Extra Card Fee
- $35
- Card type
- Credit
- Purchase
- 20.99%
- Cash Advance
- 22.49%
- Balance Transfer
- 22.49%
Insurance coverage
- Extended Warranty
- 2 years
- Purchase Protection
- 180 days
- Mobile Device
- $1,000
- Emergency Medical Term
- 10 days
- Emergency Medical Maximum Coverage
- $5,000,000
- Emergency Medical over 65
- 10 days
- Trip Cancellation
- $1,000
- Trip Interruption
- $1,500
- Flight Delay
- $500
- Baggage Delay
- $500
- Lost or Stolen Baggage
- $1,000
- Rental Car Theft & Damage
- Yes
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
National Bank Platinum Mastercard's 3.6 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.
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Our review
If you don’t meet the income requirements for the
With an annual fee of $70, this card will gives you:
- 2 points per $1 spent on groceries and restaurants, up to $1,000 in total spend per month (1.5 points after)
- 1.5 points per $1 spent on gas, electric vehicle charging, recurring bills, and travel booked through A La Carte Rewards
- 1 point per $1.50 spent on all other purchases
A point to note about the grocery and restaurant earn rate – you only earn 2 points per $1 spent if your total monthly spend is less than $1,000. If it's more than that, you'll earn 1.5 points per $1 spent instead.
The rewards you earn with this card are the same flexible rewards earned with the World and World Elite versions that can be used for a number of different things:
- travel,
- merchandise,
- gift cards, and...
- financial services.
When rewards are redeemed for travel through À la carte Rewards, you get a 1% return on your spending.
10,000 À la carte points = $100 in travel
For a card that has an annual fee of $70, a 1.13% return is not the best. However, this card has a few benefits that could really make that annual fee worth it.
For starters, this card has a really great insurance package.
You get 10 types of purchase and travel insurance that includes some of the best purchase insurance in Canada – 180 days of purchase protection and 2 years of extended warranty – double what you would get with pretty much any other credit card.
As if that wasn't enough, this is one of the few credit cards in Canada that extended travel insurance past the age of 65. In fact, with this card you will be covered for 10 days of travel up until the age of 74.
Any other card that comes with insurance at this level also comes with a pretty high income requirement, making this card a great option if you don't have a 60K + income.
Curious to know more? Check out our full review of the National Bank Travel Mastercards.
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Key benefits
®ECHO, ALLURE, EDITION and À LA CARTE REWARDS PLAN, are registered trademarks of National Bank.
®ULTRAMAR is a registered trademark of Valero, used under licence.
® WORLD MASTERCARD and WORLD ELITE are registered trademarks of Mastercard International Inc. Authorized user: National Bank.
® Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated.
User reviews
Reviewed by 2 Canadians
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Two pros not listed:
1) Since it is a National Bank credit card, payments made from your National Bank bank account are processed immediately and reflected in your available credit. There is no delay in payment processing, which does not seem to be the case with all bank-offered credit cards.
2) This is one of three qualifying cards for National Bank's professional banking packages, which can offer a suite of benefits, including fee-free bank accounts ($14.95/month or $179.40 annually) and some free, self-directed investment brokerage accounts. These account benefits, in turn, further offset the credit card's annual fee, regardless of the rewards earned.
I've been generally satisfied with National Bank's product lines. They seem small enough by big bank standards to still treat someone like a person, a level of service I've not always experienced with RBC or TD.
Good travel medical insurance
$100 GeniusCash + Earn up to 15,000 Welcome Bonus Membership Rewards® Points.*