Earning Rewards

The National Bank^® World Elite^® Mastercard^® has a rewards structure that varies based on the amount of money you've spent on the card:

Earn 5 À la carte Rewards points per dollar spent on grocery and restaurant purchases^†
Earn 2 À la carte Rewards points per dollar spent on gas, electric vehicle charging, recurring bills, and travel booked through À la carte Travel^†
Earn 1 À la carte Rewards point per dollar spent on all other purchases^†

If your total gross monthly amount of purchases (regardless of category) is under $2,500, the 5x multiplier on groceries and restaurant purchases will apply. However, if your purchases in one month exceed $2,500, the earning rate on those food purchases will fall to 2 À la carte Rewards points per dollar spent.^†

Redeeming Rewards

National Bank's À la carte Rewards points can be redeemed through their online travel booking portal. Through this method, points have a fixed value of 1 cent per point.

In the portal, you can book travel, or you can redeem points for a statement credit against travel expenses booked directly with vendors.

Note that offsetting the cost of travel not booked through rewards points reduces the value of the points. If you redeem fewer than 55,000 points, you'll get 0.83 cents per point, and if you redeem more than 55,000 points, you'll get 0.91 cents per point.

While having to book through a portal isn’t the most flexible redemption option for maximizing value, it is still the best use of your points. Outside of travel, you'll get 0.83 cents per point when you put points towards a National Bank RRSP, TFSA, or FHSA through À la carte Extras, while paying down your card balance takes 25,000 points for $100, which is only 0.4 cents per point.

Your National Bank rewards points never expire as long as you remain a cardholder.

The card provides a $150 annual travel credit, which can be applied to a range of travel expenses:

Airport parking
Baggage fees
Seat selection
Airport lounge access
Airline ticket upgrades

These credits renew every year on January 1, but unused credits do not carry over. To claim the credit, the primary cardholder must charge the expense to the card and submit a refund request through rewards.nbc.ca within 60 days of the purchase, along with proof of purchase.

Cardholders also have unlimited access to the National Bank Lounge at Montréal Pierre Elliott Trudeau International Airport for themselves, one additional guest, and two children aged 12 or under per visit. The lounge is available for passengers departing from the international terminal.

The National Bank^® World Elite^® Mastercard^® provides outstanding insurance coverage.

In particular, the card can be used for insurance on award tickets. Coverage is valid for trip cancellation, trip interruption, or flight delays, as long as the ticket was paid at least in part on the card.

The card also offers fantastic emergency medical insurance when travelling. Cardholders are covered for up to $5,000,000 in damages, for trips up to 60 days, up to age 75.

Age 54 and under: trips up to 60 days
Age 55 to 64: trips up to 31 days
Age 65 to 75: trips up to 15 days

Likewise, the card's car rental insurance grants coverage for longer rentals of up to 48 days, which is longer than the industry standard.

Additionally, the card has industry-leading purchase protection. The extended warranty and purchase protection periods are double what many competitors offer, with up to two additional years for extended warranty and up to 180 days of protection against stolen or damaged merchandise.

Mobile device insurance is also a benefit of the card, as long the purchase and your monthly payments are charged to the card. You'll get coverage up to $1,000 in the event of breakage, loss, or theft for up to two years after the purchase date.

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