Best-in-Class Insurance; National Bank World Elite Mastercard: 35,000 Points Welcome Bonus

The National Bank World Elite Mastercard is a premium credit card in Canada, known for its high rewards potential and exceptional insurance coverage. Whether you’re looking for travel perks, dining rewards, or robust insurance protection, this card has a lot to offer. With a lucrative welcome bonus and unparalleled benefits, it’s a top choice for Canadian credit card users.

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Key Features and Benefits

1. Outstanding Rewards Program

• 5x Points: Earn on groceries and dining (up to $2,500 per month; 2x points after reaching the cap).
• 2x Points: Earn on gas, utility bills, and travel expenses with no cap.
• 1x Point: Earn on all other purchases.

Redeeming points through National Bank’s À la carte Travel Portal provides the best value, where 100 points = $1. You can also redeem points for statement credits, gift cards, and other rewards at slightly lower values.

2. Travel Credit

• Up to $150 annual travel credit for eligible expenses such as:
  • Airport parking
  • Baggage fees
  • Seat selection
  • Airport lounge access
  • Airline ticket upgrades

3. Unlimited Airport Lounge Access

• Exclusive access to the National Bank Lounge at Montreal-Trudeau International Airport for international departures.
• Complimentary access for the primary cardholder (guests can enter for a fee).

4. Comprehensive Insurance Coverage

National Bank World Elite Mastercard stands out as a leader in credit card insurance offerings in Canada. The coverage includes:

Travel Insurance

• Emergency Medical Insurance:
  • Up to $5 million for out-of-province or out-of-country travel.
  • Coverage duration varies by age (e.g., 60 days for cardholders under 54).
• Trip Cancellation Insurance: Up to $2,500 per person.
• Trip Interruption Insurance: Up to $5,000 per person.
• Flight Delay Insurance: Up to $500 for delays of six hours or more.
• Baggage Delay Insurance: Up to $500 for delays of six hours or more.
• Lost or Stolen Baggage Insurance: Up to $1,000 per trip.

Mobile Device Insurance

• Covers up to $1,000 for damage, theft, or loss of mobile devices purchased with the card or paid via recurring payments charged to the card.

Extended Warranty and Purchase Protection

• Extended Warranty: Up to 2 years beyond the manufacturer’s warranty.
• Purchase Protection: Covers loss or damage to eligible items within 180 days of purchase.

Fees and Requirements

• Annual Fee: $150 for the primary card; $50 for each supplementary card.
• Income Requirement:
  • Personal income of $80,000, or household income of $150,000.
  • Alternatively, $25,000 annual card spending or $400,000 in National Bank investments.

Who Should Get This Card?

This card is ideal for:

1. Frequent Travelers: Thanks to its extensive insurance and travel credit benefits.
2. High Spenders: Those who can maximize the monthly rewards cap and achieve the spending milestones for the welcome bonus.
3. Insurance Seekers: Individuals looking for the most comprehensive credit card insurance in Canada.

How Does It Compare to Other Cards?

Compared to other premium Canadian credit cards, the National Bank World Elite Mastercard offers:

• Better Insurance: Its extensive travel and purchase coverage outshines competitors like the Scotiabank Passport Visa Infinite and BMO World Elite Mastercard.
• High Dining and Grocery Rewards: 5x points make it a strong contender for everyday spending.
• Lounge Access: While it lacks Priority Pass, the Montreal lounge benefits add value for international travelers.

Bottom Line

The National Bank World Elite Mastercard combines robust rewards, comprehensive insurance, and flexible travel benefits, making it one of the best premium cards for Canadian users. With its 35,000-point welcome bonus and annual travel credits, the card easily justifies its $150 annual fee for most users.

If you’re looking for a versatile card that rewards both everyday spending and travel, this card should be at the top of your list.

Apply today to take advantage of the limited-time welcome bonus and start earning rewards on your everyday purchases!