Are you in search of a credit card that not only offers financial convenience but also showers you with a host of rewards and benefits? Look no further than the National Bank World Elite Mastercard. In this comprehensive guide, we will delve into the key features, eligibility requirements, and the pros and cons of this prestigious card.
Let’s explore how this card can potentially elevate your financial and lifestyle experience.
Key Information about the National Bank World Elite Mastercard
Take advantage of an enticing welcome promotion until January 31, 2024. Upon enrollment, you can enjoy benefits and rewards totaling up to $1,460*. This promotion requires minimum purchases and enrollment in insurance products.
Card highlights
- Up to 5 rewards points per dollar spent
- Travel insurance and exclusives, including unlimited access to the National Bank Lounge
- Extended warranty on purchases
- Minimum gross annual income requirement: $80,000 for the applicant or $150,000 in household income
- Annual fee: $150
- Purchase rate: 20.99%
- Balance transfers and cash advances rate: 22.49%
Welcome promotion breakdown
- 15,000 points for $125 in travel discounts
- 3,000 points for $25 in travel discounts upon enrolling in credit card payment insurance
- 12,000 points in the first year
- 1,000 points per month for spending $2,500 in net purchases each month for the first 12 months
- Additional 10,000 points for $83 in travel discounts at the 14th month
- 90,720 points earned after spending $56,000 for $756 in travel discounts
Additional Benefits
- Unlimited and complimentary access to the National Bank Lounge
- Up to $150 reimbursement on travel expenses, including seat selection, airport parking, and checked baggage
How to Earn and Redeem Points
The National Bank World Elite Mastercard allows you to accumulate points based on your spending habits. Here’s a breakdown:
- 5 points per dollar for groceries
- 5 points per dollar for restaurant expenses
- 2 points per dollar for gas and electric vehicle charging
- 2 points per dollar for recurring bill payments
- 1 point per dollar for other purchases
Monthly points accumulation example
Suppose your monthly expenses include:
- $560 on groceries and restaurants
- $300 on gas and electric vehicle charging
- $300 on recurring bill payments
- $140 on À la carte TravelTM
- $700 on other purchases
This would earn you a total of 4,980 points in a month.
Redeeming points
Points can be redeemed for various rewards, including travel discounts, gift cards, and items available in the online boutique. The redemption value may vary based on the reward type.
Pros and cons
Pros
- Lucrative welcome promotion: The welcome promotion offers substantial benefits for new cardholders.
- High points accumulation: With up to 5 points per dollar spent, the card provides an excellent opportunity to accumulate rewards quickly.
- Travel benefits: Access to the National Bank Lounge and reimbursement on travel expenses enhance the overall travel experience.
- Extended warranty: Enjoy extended warranty coverage on your purchases, providing peace of mind.
Cons
- Annual fee: The annual fee of $150 may be a deterrent for some users.
- Interest rates: The purchase rate and balance transfer/cash advances rate are relatively high.
How to apply
Applying for the National Bank World Elite Mastercard is a straightforward process. Simply fill out the secure online form on the National Bank website. Ensure you meet the eligibility criteria and have the necessary financial documents ready.
Is the National Bank World Elite Mastercard Worth It?
In conclusion, the National Bank World Elite Mastercard is a powerful financial tool with the potential for substantial rewards and benefits. The welcome promotion, high points accumulation, and exclusive travel perks make it an attractive choice, especially for frequent travelers and those who value premium benefits.
However, individuals should carefully weigh the annual fee and interest rates against the potential rewards before making a decision. Don’t miss out on the opportunity to elevate your credit card experience. Apply for the National Bank World Elite Mastercard today and unlock a world of rewards!
*Promotion valid until January 31, 2024. Minimum purchases and insurance product required. Terms and conditions apply. Visit the National Bank website for detailed information.
