Best Offer of 2020: Earn 130,000 points with this Card!
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$300 + First-Year Free With These NBC Credit Cards!

To the point

Get a $300 cashback and the first-year free with these credit cards from the National Bank of Canada (NBC).

The National Bank of Canada (NBC) rarely runs welcome offers for its credit cards. Now it’s a great time to apply for one of the best credit cards in Canada with travel and purchase insurance!

Welcome offer

NBC has launched a new promotion: “Rewards of all shapes and sizes”.

If you apply for the National Bank’s World Elite Mastercard® or the National Bank’s World Mastercard®, you could get:

  • $300 cashback after $4,000 spending in the first three months
  • the first-year free

In addition to the $300 cashback, it’s a $150 saving for the National Bank’s World Elite Mastercard® and $115 for the National Bank’s World Mastercard®.

You can also get $300 cashback after $4,000 in Card purchases during the first three months if you choose to apply for the National Bank Platinum Mastercard. But the $89 annual fee is not waived for the first-year.

And beware of a rule of the terms and conditions:

The offer begins and the net purchases charged to your card are calculated starting the month following the account opening (for example, if the account is opened on November 15, purchases will be calculated starting December 1 and the cashback will be awarded by March 15, 2021). Net purchases between the first and the last calendar day of the month are calculated.

Unique benefits of the NBC World Elite Mastercard

$250 refund on travel expenses per calendar year

With the Smart Traveller program, each calendar year, as a cardholder of the National Bank’s World Elite Mastercard®, you can get a refund of up to $250 on selected travel expenses.

  • Airport parking: $100
  • Baggage fees: $100
  • Seat selection: $50
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This is a great perk for those who use an airport parking lot (note that Park & Fly also works with this benefit) or who have to pay baggage or seat selection fees.

These credits are valid per calendar year. So if you apply for the National Bank’s World Elite Mastercard® in 2020, you can use those credits on travel expenses occurring before December 31, 2020, and you will get new credits on January 01, 2021.

However, if you do not use the 2020 ones, they will be lost.

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Unlimited access to the National Bank Lounge at Montreal-Trudeau

National Bank’s World Elite Mastercard® holders are the only National Bank customers who get unlimited and free access to the National Bank Lounge at Montreal-Trudeau airport.

By presenting the National Bank’s World Elite Mastercard®, the cardholder and one guest have free access to the lounge.

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Shared benefits of NBC World and World Elite cards

National Bank Credit Cards insurance

For most insurance included, the National Bank’s World Elite Mastercard® and the National Bank’s World Mastercard® are among the only credit cards in Canada to cover you even if you only charge a portion of the trip’s cost on it.

The following expenses will be reimbursed, provided that a portion (…) of the trip was charged to the account.

National Bank of Canada

For travel insurance, only baggage insurance in case of delay and vehicle rental insurance requires that the entire cost was charged to the card.

Insurance Coverage
Medical/hospital insurance
Out-of-province-of-residence
up to $5,000,000
per person (see details on age and duration)
Trip Cancellation Insurance
(before departure)
up to $2,500
per insured person
Trip Interruption Insurance
(after departure)
up to $5,000
per insured person
Departure flight delay insurance
(over 4 hours)
$250 per day
(up to $500 per person)
Baggage insurance in case of delay
(over 6 hours)
up to $500
per person
Lost or Stolen Baggage Insurance up to $1,000
per person
Vehicle rental insurance Vehicle valued up to $65,000

theft of personal effects up to $2,000

Purchase protection in the event of theft or damage
(180 days)
up to $60,000
Possibility of tripling the manufacturer’s warranty up to 2 additional years
Insurance booklet National Bank’s World Elite Mastercard®

National Bank’s World Elite Mastercard®

The National Bank’s World Elite Mastercard® and the National Bank’s World Mastercard® offer different protection for emergency travel medical insurance, depending on:

  • the person’s age
  • the length of the trip
Age Maximum trip time frame
54 and under 60 days
55 to 64 31 days
65 to 74 15 days
75 years or older no coverage
Up to 60 days

Few credit cards offer coverage of up to 60 days. Also, people aged 65-74 get 15-day coverage.

Earning Points

With the National Bank’s World Elite Mastercard®, you can earn up to 2 points per dollar in Card purchases:

Expenses Points / $
0 – $40,000 1.5 points
$40,001 – $80,000 2 points
$80,001 and more 1.5 points

With the National Bank’s World Mastercard®, you can earn up to 2 points per dollar in Card purchases:

Expenses Points / $
0 – $20,000 1.25 points
$20,001 – $30,000 2 points
$30,001 and more 1.25 points

Redeeming points

À la carte Rewards

To redeem your NBC Rewards points, you need to log in to the NBC À la carte Rewards portal.

You can book your vacation with your points (plus monetary supplement if required) through the À la carte Travel Agency: 10,000 points for every $100.

This is simply the best use you will make of your NBC Rewards points!

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Statement credit

You can use your NBC points as an account credit for all travel expenses charged to your credit card (you have to redeem your points within 60 days after the travel expense).

Eligible purchases are:

  • Flights
  • Vacation packages
  • Car rentals
  • Hotel nights
  • Cruises
  • Condominium or cottage bookings for tourism purposes
  • Airbnb
  • Excursions
  • Camping
  • and more!

However, for this type of redemption, the rate is different (see table below).

You can also redeem your points for a product in the À La Carte Rewards catalogue.

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Utiliser des points pour une location airbnb... c'est possible !

NBC Rewards Chart

You can book your vacation with your points (plus monetary supplement if required) through the À la carte Travel Agency: 10,000 points for every $100.

Rewards Points for $100
A La Carte Travel Agency Redemptions 10 000
Flexible travel discounts
(from 55,000 points redeemed)
11 000
Flexible travel discounts 12 000
Extras À La Carte
RRSP or TFSA contribution
Reimbursement of your all-in-one line of credit or mortgage loan
12 000
Gift-card 12 000 – 13 500
Statement credit 25 000

Conclusion

This is the best time to apply for one of these National Bank credit card offers, including one of the two cards with the first-year free.

The National Bank’s World Elite Mastercard® is a credit card to keep from year to year for several reasons:

  • it has one of the best travel and purchases credit card insurance on the market
  • up to $250 travel credit per year
  • Unlimited access to the National Bank Lounge at Montreal-Trudeau airport

And don’t forget: until November 30, 2020, the National Bank of Canada also runs great offers for some chequing accounts. You could get up to $350 cashback!

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