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National Bank World Mastercard Review
The Bottom Line
The National Bank World Mastercard offers solid insurance coverage and flexible rewards that can be redeemed for travel or other perks. However, the reward tiers can be confusing, with points fluctuating based on your annual spending. The income requirements are also high for a card that doesn't offer an introductory bonus. The card’s strong suit is its travel insurance, which is particularly valuable for frequent travelers, especially those aged 65-74, due to the extended medical coverage. If you don’t need the higher-tier benefits or find the tiered reward structure too complicated, consider alternatives like the National Bank Platinum Mastercard.
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on National Bank's website
Welcome Bonus
N/A
Rewards Rate
1.25x - 2x points
Points
Annual Fee
$115
Interest Rates
20.99% / 22.49%
Rewards
- 1.25x points per $1 spent on eligible purchases between $0 to $20,000 in the year
- 2x points per $1 spent on eligible purchases between $20,001 to $30,000 in the year
- 1.25x point per $1 spent on all eligible purchases more than $30,001 in the year
Insurance
Coverage
Purchase Protection
180 days
Extended Warranty
Up to 2 years
Emergency Out of province Medical
60 daysEmergency Medical Over 65
15 days
Trip Interruption
$5,000
Trip Cancellation
$2,500
Baggage Delay
$500Flight Delay
$500
Lost or Stolen Baggage
$1,000.svg)
Car Rental Damage & Theft
yes
Eligibility
Credit Score
Very GoodAnnual Income
$50,000 personal or $80,000 household
Card Details
Interest Rates
Purchase APR
20.99%
Cash Advance APR
22.49%
Balance Transfer APR
22.49%
Fees
Annual Fee
$115
Additional Cards
$35
Eligibility
Minimum Individual Income
$50,000
Minimum Household Income
$80,000
Credit Score Estimate
Very Good
Type
Pros & Cons
Pros
- Up to 2 points per $1 spent on purchases, especially flights booked through National Bank Rewards.
- Comprehensive insurance: 9 types of coverage, including travel medical insurance up to age 74 and purchase protection.
- Flexible rewards: Points can be redeemed for travel, merchandise, gift cards, or financial services.
Cons
- High income requirements: $50,000 personal or $80,000 household.
- Complex rewards structure: Points earned vary depending on annual spending tiers.
- No welcome bonus: Unlike many competing cards, there’s no sign-up incentive.
Get personalized rewards estimates — see exactly how much you could earn.
National Bank World Mastercard Points Calculator
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on National Bank's website