National Bank^® World Elite^® Mastercard^®

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.

The National Bank^® World Elite^® Mastercard^® is currently offering a welcome bonus of up to 35,000 À la carte Rewards points, available through June 29, 2026:

• 5,000 points when you spend $5,000 in net purchases within the first three months
• 10,000 points when you spend $20,000 in net purchases within the first 12 months
• 10,000 points when you enrol in credit card insurance and keep it for at least three months
• 10,000 points when you open an eligible National Bank chequing account within seven days of card approval

The card has an annual fee of $150, and there's a $50 fee for each authorized user added to your account.

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.^†

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.