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Card Details
Interest Rates
Purchase: 20.99%
Cash Advance: 22.99%
Balance Transfer: 22.99%
Annual Fees
Main Card: $120
$0
First Year Waived
Additional Cards: $35
Annual Income
Personal: $80,000
Household: $150,000
Credit Score Estimate
300Poor
560Fair
660Good
725Very Good
760Excellent
Welcome Bonus
The first year annual fee is waived ($120 value) plus you'll receive a 40,000 welcome bonus points ($200 value) when you make your first purchase. Offer available on new ATB World Elite Mastercard accounts where the cardholder had no previous ATB World Elite Mastercard.
Our Rating
3.1/5
Institution
ATB
How You Earn Rewards
- 8 points for every $1 spent on eligible purchases on select travel merchants, including: airlines, hotels, motels and car rental companies
- 6 points for every $1 spent on eligible purchases on groceries, gas, digital streaming services and/or subscriptions, and entertainment
- 2 points for every $1 spent on any other purchases
The accelerated earn rate applies to the first $50,000 in annual purchases on the account, at merchants qualifying for the accelerated earn rate, per calendar year based on your statement cycle date. The annual spend cap for the accelerated earn rate resets every January. Once the combined cardholder spend exceeds this threshold in these categories, they will continue earning points at the regular earn rate of 2 points per $1 spent in purchases.
Rewards Breakdown
Rewards Summary
Point Redemptions
Redemption Method
Net Value (After Annual Fee)
Insurance & Benefits
Insurance
Coverage
Purchase Protection
90 days
Extended Warranty
1 year
Car Rental Accident
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Car Rental Damage & Theft
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Car Rental Personal Effects
$1,000
Emergency Out of province Medical
22 days
Travel Accident
$300,000
Flight Delay
$500Baggage Delay
$500
Trip Cancellation
$1,000
Trip Interruption
$1,000
Lost or Stolen Baggage
$1,000
Hotel Burglary Insurance
$1,000Personal Effects
$1,000
Price Protection
$100 per item, $500 per account annually
Benefits
Details
Airport Lounge - Dragon Pass
4 complimentary lounge visits each year for each primary cardholder
Car Rental Discount
25% off base rate of participating Avis and Budget locations
Boingo Wi-Fi hotspot
over 1 million wifi hotspots worldwide
Pros & Cons
Pros
- High rewards: Earn up to 8 points per $1 spent on travel, 6 points on groceries, gas, digital streaming, and entertainment, and 2 points on all other purchases.
- Extensive insurance coverage: Comes with 15 types of insurance, providing broad protection.
- Airport lounge access: Includes 2 free passes to Mastercard Travel Pass lounges.
- First-year annual fee waived: Save $120 in the first year.
Cons
- Low point value: Points are only worth 0.5 cents each, reducing overall rewards value.
- Limited to Alberta residents: Only available to those living in Alberta.
- High income requirement: Requires $80,000 personal income or $150,000 household income.