Here are the three best credit cards for good insurance coverage:
National Bank World Elite Mastercard
The National Bank World Elite Mastercard® is NBC’s best Mastercard credit card. With the current welcome offer, receive up to 35,000 bonus points distributed as follows:
- 10,000 points if you make at least $5,000 in purchases in the first 3 months
- 10,000 points if you make at least $10,000 in purchases in the first 6 months
- 15,000 points if you make at least $20,000 in purchases in the first 14 months
What’s more, you pay no annual fee for the first year.
With this card, you earn up to 5 points per dollar on your purchases:
- 5 points per dollar on grocery and restaurant purchases
- 2 points per dollar on gas and electric recharge purchases
- 2 points per dollar on recurring bills
- 2 points per dollar on À la carte Travel
- 1 point per dollar on all other purchases
And since it’s a National Bank Mastercard credit card, you can use it at Costco.
With this card, you have access to a $150 annual travel credit that you can use in any of these categories:
- Airport parking
- Baggage fees
- Seat selection
- Access to airport lounges
- Flight upgrades
In addition, you can enjoy access to DragonPass airport lounges and free Wi-Fi with Boingo. And unlimited access to the National Bank Lounge at Montreal-Trudeau.
Finally, Milesopedia voted the National Bank World Elite Mastercard® the Best Travel Credit Card and the Best Credit Card for Insurance in 2023 and 2024.
BMO Ascend World Elite Mastercard
The BMO Ascend World Elite Mastercard is one of the best World Elite Mastercard credit cards with travel points in Canada. With our exclusive offer, you can get up to 100,000 bonus points:
- 55,000 points after $4,500 in Card purchases in the first 3 months
- 3,750 points per month after $2,500 in monthly purchases from the 4th to the 15th month (up to 45,000 points)
Plus, the annual fee is waived in the first year for both the primary cardholder and authorized users.
With the BMO Ascend World Elite Mastercard, a premium credit card from BMO, you get:
- 5 points per dollar on travel purchases
- 3 points per dollar on dining purchases
- 3 points per dollar for entertainment purchases
- 3 points per dollar on recurring bill payments
And 1 point for every $1 spent everywhere else, including at Costco. You can use BMO Rewards points for all travel purchases made through the agency or website of your choice (flights, hotels, car rentals, all-inclusive resorts, Airbnb, etc.) or for rewards and gift cards on the BMO Rewards platform.
The BMO Ascend World Elite Mastercard also offers:
- Four annual complimentary passes to airport VIP lounges
- Excellent Premium insurance for your travels or purchases
- a premium concierge service
National Bank Platinum Mastercard
Unlike the other two National Bank travel rewards cards, the National Bank Platinum Mastercard® does not require a minimum income.
For a limited time, you can earn up to 25,000 points and the annual fee is waived in the first year for the primary cardholder (a $70 value) and one additional cardholder (a $35 value) via our welcome offer:
- 10,000 points if you’ve made $2,500 in net purchases in the 3 months following becoming a cardholder
- 5,000 points upon enrolling in credit card payment insurance
- 10,000 points after the first year if you have made $6,500 in net purchases in the 12 months following enrolment
With the National Bank Platinum Mastercard®, you can earn 2 points per dollar on grocery store and restaurant purchases, and 1.5 points per dollar on gas and electric vehicle charging, recurring bill payements and À la Carte Travel. And since it’s a National Bank Mastercard credit card, you can use it at Costco.
In addition, you get premium insurance usually dedicated for high-end credit cards:
- 180-day Purchase protection in the event of theft or damage
- Possibility of tripling the manufacturer’s warranty (up to 2 additional years)
- Trip Cancellation Insurance
- Trip Interruption Insurance
- Out-of-province hospital insurance
- Flight Delay Insurance
- Baggage insurance in case of delay, theft or loss
- Car rental insurance
- Mobile Device Insurance
We voted the National Bank Platinum Mastercard® as the best credit card for young professionals in 2024.