The National Bank® World Elite® Mastercard® is an excellent card for travel insurance, where it's in a class of its own. With annual credits to offset the annual fee, it's a great premium keeper card for paying the taxes and fees on award ticket bookings. This card will especially be of interest to those that are older or anyone who enjoys longer trips, due to its generous emergency medical coverage.
Bonuses & Fees
The National Bank® World Elite® Mastercard® currently does not offer a welcome bonus.
The card has an annual fee of $150, and there's a $50 fee for each authorized user added to your account.
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†
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 a far better value than the 0.83cpp that National Bank provides on using rewards points for straight cash back. Your National Bank rewards points never expire as long as you remain a cardholder.
Perks & Benefits
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
Insurance Coverage
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
†Terms and conditions apply. National Bank is not responsible for maintaining the content on this site. Please click on the Apply Now link for the most up to date information.