National Bank Platinum Mastercard®

To the point Earn up to 2 points per dollar with the National Bank Platinum Mastercard®! No minimum income is required.

Rewards NBC points earning How to redeem your NBC Rewards points?

Insurance Travel Medical Insurance (outside province of residence) Trip Cancellation / Trip Interruption Insurance Insurance in case of theft or loss of luggage Flight delay insurance Insurance in case of baggage delay Car Rental Insurance Insurance for your purchases

Bottom Line

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National Bank Platinum Mastercard^®

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National Bank offers a great entry-level product for travellers with the National Bank Platinum Mastercard.

In addition, purchase insurance is among the best on the market!

National Bank Platinum Mastercard - Card Summary

Unlike the other two National Bank travel rewards cards, the National Bank Platinum Mastercard® does not require a minimum income.

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)
Out-of-province hospital medical insurance
Flight cancellation or trip interruption insurance
Delayed flight insurance and luggage insurance in case of delay
Stolen or lost luggage insurance
Vehicule rental insurance
Mobile Device insurance

We voted the National Bank Platinum Mastercard® as the best credit card for young professionals in 2024.

National Bank Platinum Mastercard - Rewards

NBC points earning

With the National Bank Platinum Mastercard, you can earn up to 2 points per dollar:

Category	Points
Grocery and Restaurant	2* points per dollar
Gas and electric recharge	1.5 points per dollar
Recurring bills	1.5 points per dollar
À la carte Travel	1.5 points per dollar
Other purchases	1 per $1.50 purchase

For the Grocery and Restaurant category, you can earn 2 points per dollar up to $1,000 in total monthly purchases charged to the card.

Once you reach $1,000 in monthly purchases, you will earn 1.5 points per dollar on the Grocery and Restaurant category. This is still very good compared to other cards that only offer 1 point per dollar after the threshold is reached.

How to redeem your NBC Rewards points?

To redeem your NBC rewards points, you must log on to the National Bank’s À la Carte Rewards portal.

Then, you can use your points to book a trip (+ monetary complement if required) through the “À la Carte” Travel agency. The rates are the same to those you will find at any travel agency.

What’s more, you can also earn NBC rewards points through this travel agency. By doing so, it will be the best use of points at a rate of 10,000 points per $100 of statement credit.

It’s also possible to use your NBC Rewards points as a statement credit for any travel expenses you’ve charged to your credit card (redemption must be made within 60 days of the expense being charged to the credit card account).

Thus, you have the freedom to book as you wish, for example with Airbnb, organized tours, excursions, etc.

The exchange rate for this type of use is

12,000 points for a $100 credit or
11,000 points for a $100 credit when redeeming over 55,000 points in the same transaction

Other products

You can also shop for a product in the catalogue offered by NBC À la carte. However, this is not an optimal use of points.

With the National Bank Platinum Mastercard, you can use your points for various rewards, including travel discounts such as an apartment rental on Airbnb, or SAQ gift cards.

The best way to use your points is to book your trip through the À la carte NBC online travel agency: you’ll earn a $100 credit for every 10,000 points redeemed.

Rewards	Points for $100
Exchange with the dedicated NBC à la carte travel agency	10 000
Flexible travel rebates (from 55,000 points redeemed)	11 000
Flexible travel rebates	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

National Bank Platinum Mastercard - Insurance

Regarding protection, the National Bank Platinum Mastercard stands out compared to other cards of the same type.

You can find the insurance contract here.

Travel Medical Insurance (outside province of residence)

The National Bank Platinum Mastercard offers $5,000,000 in emergency travel medical coverage.

Age	Maximum trip time frame
76 years or less	10 days

Trip Cancellation / Trip Interruption Insurance

For most of its insurance coverages, the National Bank Platinum Mastercard is one of the only credit cards in Canada to cover you, even if you charge only part of the cost of your trip to your card.

The following expenses will be reimbursed (…) provided that a portion or the entire cost of the trip was charged to the account
Banque Nationale du Canada

Insurance	Coverage
Trip cancellation (before departure)	up to $1,000 per insured person
Trip interruption (after departure)	up to $1,500 per insured person

The main differences regarding insurance coverage of the National Bank Platinum Mastercard are the duration of the trip and the amounts eligible for cancellation/interruption coverage.

When we analyze this data, we can see that this card is perfect for people who like to make several short trips.

For a family of 3, the price for equivalent travel insurance for a week in an all-inclusive package can climb to over $200!

Insurance in case of theft or loss of luggage

The National Bank Platinum Mastercard covers you if at least part of the cost of your trip has been charged to your account.

Insurance	Coverage
Lost or Stolen Baggage Insurance	up to $1,000 per person

Flight delay insurance

The National Bank Platinum Mastercard covers you if at least part of the cost of your trip has been charged to your account.

Insurance	Coverage
Flight delay of more than 4 hours	$250 per day (maximum of $500 per insured person)

Insurance in case of baggage delay

The National Bank Platinum Mastercard covers you if the full cost of travel on a common carrier has been charged to your account.

Insurance	Coverage
Baggage insurance in case of delay	up to $500 per person (more than 6 hours)

Car Rental Insurance

The National Bank Platinum Mastercard covers you if you use your card (or NBC Rewards points) to pay the full cost of your car rental.

Similarly, personal belongings in the vehicle are protected.

Insurance	Coverage
Vehicle rental (48 days or less)	Vehicle valued at up to $65,000

Insurance for your purchases

The National Bank Platinum Mastercard is one of the only credit cards in Canada to offer 180-day purchase protection (6 months from the date of purchase). Other credit cards offer only 90 days (3 months).

What’s more, the National Bank Platinum Mastercard is one of the only credit cards in Canada to triple the coverage period on new items covered by an original manufacturer’s warranty valid in Canada.

Insurance	Coverage
Against theft or breakage for 180 days	up to $60,000
Get up to triple the manufacturer’s warranty	up to 2 additional years

Bottom Line

The National Bank Platinum Mastercard is a great card to own, especially if you don’t qualify for the premium National Bank credit cards.

Actually, the insurance offered for short trips is excellent, and the purchase insurance is identical to its big sister, the National Bank World Elite Mastercard.