To the point
Earn up to 70,000 points and the first-year free with our exclusive offer for the National Bank's World Elite Mastercard®!
In partnership with National Bank, Milesopedia presents you an exclusive offer for the National Bank’s World Elite Mastercard®: Earn up to 70 000 bonus points and a first-year annual fee waiver.
These 70,000 Reward Points can be used to treat yourself:
- Travel: Redeem your points for a travel expense or book a trip with your points with NBC’s À la carte Travel Agency (best value)
- Items or gift cards from the NBC À la carte Rewards Program catalogue
- Some financial products held at National Bank and its subsidiaries
70,000 points are worth up to $700 towards travel expenses.
In addition, with this offer, you get an annual fee refund and other travel benefits (insurance and annual travel credit).
The promotion
National Bank's World Elite Mastercard®
The National Bank’s World Elite Mastercard® is the Best National Bank Mastercard credit card.
With this exclusive welcome offer for Milesopedia readers, you can get up to 70,000 points, and the first year’s annual fee is waived for the primary cardholder. Here’s how:
- 30,000 points after $5,000 in Card purchases within the first 3 months of account opening
- 30,000 points if $12,000 or more in net purchases are charged to the credit card within 12 months of account opening
- 10,000 points if you sign up for Credit Card Payment Protection for a minimum of 3 months
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, in 2022, we voted The National Bank’s World Elite Mastercard® as the Best Travel Credit Card for Insurance.
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.
How to maximize this promotion
As you can see, to get the full welcome bonus, you need to do 3 things:
- Make $5,000 in Card purchases within the first three months
- Make $12,000 in Card purchases within the first 12 months
- Sign up for at least 3 months to the Credit Card Payment Protection
Regarding the purchases, $5,000 in Card purchases within the first three months equals $1,667 per month. If you want to be strategic with your spending (and have other welcome bonuses to unlock), here’s a summary chart for the first year.
For the experiment, I assumed that you would only charge your grocery or restaurant purchases to your new National Bank’s World Elite Mastercard® each month (to benefit from the 5 points per dollar earning rate in these categories) :
| Month | Amount spent | Points earned (grocery store/restaurant) | Total (with bonus) |
| 1 | $1,600 | 8 000 | 8 000 |
| 2 | $1,700 | 8 500 | 8 500 |
| 3 | $1,700 | 8 500 | 8 500 + 30 000 |
| 4 | $800 | 4 000 | 4 000 |
| 5 | $800 | 4 000 | 4 000 |
| 6 | $800 | 4 000 | 4 000 |
| 7 | $800 | 4 000 | 4 000 |
| 8 | $800 | 4 000 | 4 000 |
| 9 | $800 | 4 000 | 4 000 |
| 10 | $800 | 4 000 | 4 000 |
| 11 | $700 | 3 500 | 3 500 |
| 12 | $700 | 3 500 | 3 500 + 30 000 |
| Total | $12,000 | 60 000 | 120 000 |
As you can see, after the first year, by balancing your spending on your National Bank’s World Elite Mastercard® for your grocery and restaurant purchases, you can earn a minimum of 120,000 points:
- 60,000 points earned on your purchases
- 60,000 points earned with the welcome bonus
This is equal to a 10% return on your spending!
Note that if you make many purchases within the first three months, this also works: the key is to charge $12,000 in purchases to your credit card account during the first year.
As for the 10,000-point portion of the credit card payment protection, it is quite simple to get. All you have to do is accept this insurance when you apply for the card:
And to keep this insurance for at least 3 months. Please note, however, that as stated in the terms and conditions of this insurance, the rate is calculated based on the balance charged to the credit card account on the day the statement is printed. This rate may therefore vary over time.
Our advice: fully pay your balance BEFORE your statement is issued. This will be printed with a balance close to $0, so you won’t have to pay for this insurance (and it can also help you improve your credit score).
Benefits of The National Bank's World Elite Mastercard®
$150 travel credit per calendar year
Through the NBC Smart Traveller program, National Bank’s World Elite Mastercard® cardholders have access to a total of $150 applicable on certain travel-related expenses each calendar year.
- Airport parking
- Baggage fees
- Seat selection
- Access to airport lounges
- Flight upgrades
This is a great perk for those who use an airport parking lot (note that Park & Fly also works with this benefit) or who have to pay baggage or seat selection fees.
These credits are valid per calendar year. This means that if you sign up for the National Bank’s World Elite Mastercard® in 2022, you’ll have these credits until December 31, 2022, and then you’ll get new ones on January 1, 2023.
However, if you don’t use the 2022 ones, they will be lost.
Unlimited access to the National Bank Lounge at Montreal-Trudeau
With the National Bank World Elite Mastercard, you can get unlimited and complimentary access to the National Bank Lounge at Montreal-Trudeau (YUL).
This benefit is valid for the main cardholder as well as an additional traveller. And up to two children.
Additional National Bank World Elite Mastercard credit cardholders are also eligible for unlimited access to the National Bank Lounge with an additional guest!
Benefits of the NBC World Elite Mastercard
Access to DragonPass Lounges
The National Bank’s World Elite Mastercard® offers access to over 1,300 airport lounges worldwide in the DragonPass network.
For each visit, you will have to pay an entrance fee of 32 US$ per person.
Please note that as of January 1, 2023, World Elite cardholders will be able to receive reimbursement for these airport lounge accesses. This is an eligible travel expense, up to a maximum of $150 per year.
Free Wi-Fi with Boingo
The National Bank’s World Elite Mastercard® offers complimentary unlimited access to over 1 million Wi-Fi hotspots via Boingo worldwide.
This is particularly useful with some airlines such as WestJet, Lufthansa, Swiss, Austrian, Singapore Airlines, Etihad, etc.
Insurance coverage
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 below 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 |
| Purchase protection in the event of theft or damage (180 days) |
up to $60,000 |
| Mobile Device Insurance | up to $1,000 |
| Possibility of tripling the manufacturer’s warranty | up to 2 additional years |
| Insurance booklet |
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 |
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!
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 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 |
In addition, the A la carte Rewards store also allows you to redeem your points for merchandise and gift cards.
If you have a promotional code, you can use it at checkout.
Bottom line
Now is the best time to sign up for the National Bank’s World Elite Mastercard® to earn up to 70,000 points and the first year free while having the Best Credit Card for Travel Insurance in 2022!
Come to discuss that topic in our Facebook Group!
