Is there really no minimum income required for the National Bank Platinum Mastercard?

Correct. The National Bank Platinum Mastercard® stands out from most premium-tier cards in Canada because it has no stated minimum income requirement. Most equivalents (Visa Infinite or World Elite Mastercard) demand a personal income of $60,000+ or household income of $100,000+. National Bank assesses approval primarily on credit profile and existing banking relationship, making this a rare option for students, newcomers to Canada, and self-employed applicants who want premium-grade insurance coverage without locking in a high salary threshold.

How do I earn rewards on the National Bank Platinum Mastercard?

Earning rates on the National Bank Platinum Mastercard® are:- 2 points per dollar on grocery and restaurant purchases (capped at $1,000/month combined); - 1.5 points per dollar on gas, EV charging, recurring bills and travel; - 1 point per $1.50 on all other purchases; Points are redeemed through the National Bank À la carte Rewards program, where 100 points equal $1 in travel credit. Points can also be applied as a statement credit, used to book travel, or redeemed for gift cards.

What insurance coverage is included on the National Bank Platinum Mastercard?

The National Bank Platinum Mastercard delivers premium-tier protection rarely seen at this card category:- Emergency travel medical up to $5,000,000 (under 65: 21 days; 65+: 3 days per trip); - Trip cancellation up to $2,500 per insured; - Trip interruption up to $5,000 per insured; - Flight delay coverage and baggage delay/loss; - Car rental theft and damage protection; - Purchase protection for 180 days against theft or damage; - Extended warranty doubling the manufacturer’s warranty up to 2 additional years;

Who is the National Bank Platinum Mastercard best suited for?

The card fits three profiles particularly well:- Young professionals who don’t yet meet $60K+ income thresholds but travel a few times a year; - Newcomers to Canada who want strong insurance coverage early in their credit journey; - Frequent short-trip travelers who need solid medical and trip cancellation coverage without paying $150+ in annual fees; It’s less ideal for high spenders who would maximize a 4% category card or for travelers who want airport lounge access (it doesn’t include Priority Pass).

Aline Nguyen

Aline, an experienced traveler and avid photographer, is an Avgeek, a foodie at heart and a mother to two children. An expert in credit cards & rewards programs, including Aeroplan, Marriott Bonvoy, American Express Membership Rewards, CIBC Aventura, and RBC Avion, she uses points to travel affordably and save in daily life. Having explored all 7 continents and 83 countries, Aline shares her travel passion and insights to help others make the most of loyalty programs.

All posts by Aline Nguyen

Aline Nguyen

Posts by Aline Nguyen