To apply for the National Bank World Elite Mastercard, follow these steps:
- Verify Eligibility:
- Age: You must be at least 18 years old.
- Residency: Canadian resident.
- Income: Minimum personal annual income of $80,000 or household income of $150,000.
- Credit Score: A good to excellent credit score is recommended.
- Gather Necessary Documents:
- Proof of identity (e.g., driver’s license, passport).
- Proof of income (e.g., pay stubs, tax returns).
- Proof of residency (e.g., utility bill, lease agreement).
- Submit Your Application:
- Online: Visit the National Bank World Elite Mastercard page and click “Apply now” to access the secure online application form.
- In Person: Visit a National Bank branch to apply with assistance from a representative.
- Await Approval:
- After submission, the bank will review your application, which may include a credit check.
- Approval notifications are typically sent within a few business days.
Features Overview
The National Bank World Elite® Mastercard® is well-regarded for its premium features, particularly for frequent travelers. Some of the most notable perks include:
- $150 CAD annual travel credit, which can be used for a wide range of travel-related expenses such as baggage fees, airport lounge access, seat upgrades, and in-airport meals.
- Comprehensive travel insurance, including emergency medical coverage outside your province, trip cancellation, trip interruption, and flight delay insurance.
- Access to airport lounges through the Mastercard Travel Pass powered by DragonPass, offering comfort and convenience during your journeys.
- 24/7 concierge service, helping you with reservations, travel arrangements, and exclusive bookings anytime you need.
- Lost, stolen, or delayed baggage coverage, providing peace of mind while traveling.
Rewards Program
With this card, you’ll earn points through the À la carte Rewards® Program, which gives you flexibility and value:
- 5 points per dollar spent on groceries, dining, and food delivery.
- 2 points per dollar on gas and public transportation.
- 1 point per dollar on all other purchases.
These points can be redeemed for a wide variety of rewards, including flights, electronics, account statement credits, gift cards, and even mortgage or investment contributions.
Frequently Asked Questions
Does the card charge foreign transaction fees?
Yes, a 2.5% foreign transaction fee applies to purchases made in non-Canadian currencies.
Do the reward points expire?
No, the points do not expire as long as your account remains active and in good standing.
Can I get supplementary cards?
Yes, supplementary cards are available. However, there is usually a fee associated with them — check the official website for the most up-to-date pricing.
Insurance and Purchase Protection
One of the key strengths of the National Bank World Elite® Mastercard® is its comprehensive insurance and purchase protection coverage. Cardholders benefit from emergency medical insurance of up to $5 million for trips outside their province or country, providing peace of mind during international travel. In addition, the card includes trip cancellation and interruption insurance of up to $2,500 per person, helping recover non-refundable expenses in the event of unexpected changes. Rental car insurance is also provided, covering up to $65,000 in case of theft or damage for rentals lasting up to 48 days. For everyday purchases, the card offers purchase protection that covers eligible items against theft or accidental damage for up to 90 days after purchase. Furthermore, an extended warranty feature doubles the manufacturer’s warranty on eligible items, adding up to one additional year of coverage. These protections make the card a reliable choice for both travel and daily spending.
Final Score and Conclusion
In evaluating the National Bank World Elite Mastercard, we consider several factors. The rewards offer a respectable 4.15% return on key categories like restaurants and groceries, earning it a score of 7 out of 10. The insurance package is exceptional, meriting a 9 out of 10. The unique perks, including the flexible travel credit and lounge access, are rated at 7 out of 10. Overall, this card scores a 7.75 out of 10, placing it in the B-tier category.
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