To the point
Earn a $300 cash back with this offer for the NBC World Elite Mastercard!
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!
Table of contents
Welcome offer
By applying for the National Bank’s World Elite Mastercard® you could earn a $300 cash back after $4,000 in Card purchases in 3 months.
Beware a rule of the offer:
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 January 15, purchases will be calculated starting February 1 and the cashback will be awarded by May 15, 2021). Net purchases between the first and the last calendar day of the month are calculated.
This promotion is intended for individuals who do not have a National Bank Mastercard credit card and have not held a National Bank credit card within the last 24 months.
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
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 2021, you can use those credits on travel expenses occurring before December 31, 2021, and you will get new credits on January 01, 2022.
However, if you do not use the 2021 ones, they will be lost.
Unlimited access to the National Bank Lounge at Montreal-Trudeau
With the National Bank’s World Elite Mastercard®, you can get unlimited and complimentary access to the National Bank Lounge at Montreal-Trudeau (YUL).
This benefit is valid for the main cardholder as well as an additional traveller. And up to two children.
National Bank Credit Cards insurance
For most of the insurance included, the National Bank’s World Elite Mastercard® is one of Canada’s only credit cards to cover you even if you only charge a part of the cost of the trip on it.
The following expenses will be reimbursed, provided that a portion (…) of the trip was charged to the account.
Banque Nationale du 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 World Elite Mastercard® |
The National Bank’s World Elite Mastercard® offers different coverage for emergency medical care while travelling 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 |
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 |
Using 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!
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.
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
It’s a great time to apply for the National Bank’s World Elite Mastercard® to earn a $300 cash back: enough to cover two years of annual fees while having one of the best credit cards with insurance in Canada!
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
I myself benefited from this offer a few weeks ago, and I’ll explain why it’s the best time to apply for this Card in this post.
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