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2.9
/5
National Bank
Mastercard
National Bank World MastercardPoints Calculator
Our Take
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. 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.
Card Details
Interest Rates
Purchase: 20.99%
Cash Advance: 22.49%
Balance Transfer: 22.49%
Annual Fees
Main Card: $115
Additional Cards: $35
Annual Income
Personal: $50,000
Household: $80,000
Credit Score Estimate
300Poor
560Fair
660⁎Good
725⁎Very Good
760⁎Excellent
Card Type
Credit
Our Rating
2.9/5
Institution
National Bank
How You Earn Rewards
Earn up to 2 points on all card purchases* without restrictions*
- 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
With the À la carte Rewards Plan® (the “À la carte Plan”), you earn points for every dollar on eligible purchases. These points may be exchanged for rewards such as merchandise, a travel package, a gift card, a travel discount, a donation, a financial product, repayment with rewards points or any other reward offered under the À la carte Plan.
Annual Rewards Breakdown
Annual Rewards Summary
Point Redemptions
Redemption Method
Net Value (After Annual Fee)
Insurance & Benefits
12 insurance
0 benefits
Insurance
Coverage
Purchase Protection
180 days
Extended Warranty
2 years
Travel Medical Insurance (54 & under)
60 days
Travel Medical Insurance (55 to 64)
31 days
Travel Medical Insurance (65 to 75)
15 days
Trip Interruption
$5,000
Trip Cancellation
$2,500
Baggage Delay
$500
Flight Delay
$500
Lost or Stolen Baggage
$1,000
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Car Rental Damage & Theft
Against collision, theft or damage for a period of 48 days or less (theft of personal effects up to $2,000)
Mastercard Zero Liability Protection
yes
Benefits
No additional benefits listed for this card.
Pros & Cons
Pros
- Decent optimization
- Comprehensive coverage
- Flexible redemptions
Cons
- High income requirements
- Complex rewards structure
- No welcome bonus
- No benefits
- Annual fee
Legal
Little details that matter
This welcome offer will end on May 31, 2022. It includes a 3-month period during which you get a discount on the account if a minimum amount of net purchases is charged to the World Mastercard credit card.
* Promotion of 20,000 rewards points upon joining and pay no annual fee for the first year:
Promotion valid from February 14, 2022 to May 31, 2022 for the National Bank World® Mastercard® credit card. To take advantage of this offer, you must sign up for an eligible National Bank credit card by May 31, 2022. Credit card issued subject to credit approval by National Bank. Certain conditions apply.
Savings on annual fees for the first year:
The annual fees for the card will be refunded for the first year for the primary cardholder and for the first authorized user added to the account. To receive the annual fee refund for the first authorized user, you must add them on the account opening application. Annual fees will appear as a charge and credit on the 4th statement, at the latest, after your account is opened.
The primary cardholder is responsible for all charges to the account, including those incurred by authorized users.
Bonus rewards points:
The 20,000 rewards points applied under this promotion will be credited to the credit card account in a single payment no later than the 5th statement following the account opening:
You'll receive 20,000 rewards points if $3,000 or more in net purchases are charged to the credit card account within the first three months following enrollment.
The account must be in good standing at the time the annual fees are refunded and bonus rewards points are applied.
The net purchases charged to your card are calculated over a period of three months, starting at account opening. For example, if the account is opened on March 15, 2022, the account holder will have until June 15, 2022 to charge the required amount of purchases to the account and obtain the bonus rewards points.
Net purchases refer to the amount in purchases charged to the account, excluding returns and refunds. Annual fees, balance transfers, cash advances (including transactions that can be converted directly to cash, such as money orders and gambling transactions), interest charges and any other fees and adjustments are not considered purchases and are therefore not included in the calculation.
Eligibility and terms and conditions
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. There is a limit of 20,000 rewards points per eligible credit card account during the promotional period, regardless of the number of credit cards associated with the account. It cannot be combined with any other National Bank credit card promotion. Employees of National Bank and its subsidiaries and entities are not eligible for this promotion. The promotion may be modified, extended or cancelled, without prior notice, at any time.
Minimum age | Age of majority in your province or territory of residence |
|---|---|
Legal status | Be a Canadian resident |
Gross annual income or Minimum purchases per year (existing client only) or Investable assets | $50,000 for applicant or $80,000 for household income
$15,000 charged to the card annually
$250,000 |
You aren't eligible? Discover the Platinum credit card.
Number of points per $ spent 1 | Earn up to 2 points per dollar spent, based on your
Earn points even faster by adding another card to your account (e.g. for your spouse) or by booking travel through our À la carte Travel™ online agency. |
|---|---|
Travel deals 1 | With the À la carte RewardsTM, you have the freedom to travel with the agency and airline of your choice. For more information on travel rewards, go to nbcrewards.ca. |
À la carte Travel | Save on vacation packages and airline tickets when you redeem your points through the À la carte Travel™ online agency. Plan your entire trip with hotel and cruise bookings, car rentals and more. |
À la carte Extras | Invest in a financial product, save on your banking packages or pay your mortgage with your rewards points thanks to the À la carte Extras program® |
Repayment with rewards points | Pay your credit card balance with your rewards points directly in your online bank. For more details, visit our Repay with points program page. |
Summary and insurance certificate | Consult the Purchase protection summary[PDF] | Travel insurance summary [PDF] |Insurance Certificate[PDF] |
|---|---|
Zero Liability6 | Included |
Purchase protection in the event of theft or damage4 | 180 days following the purchase date |
Extended warranty4 | Possibility of tripling the manufacturer's warranty (up to 2 additional years) |
Trip cancellation insurance4 | Up to $2,500 per person |
Trip interruption insurance4 | Up to $5,000 per person |
Out-of-province-of-residence medical/hospital insurance4 | Up to $5,000,000 per person:
If your trip exceeds these time frames, you will not be covered. |
Flight delay insurance4 | Up to $500 per person (over 4 hours) |
Baggage insurance in case of delay4 | Up to $500 per person (over 6 hours) |
Baggage insurance in case of theft or loss4 | Up to $1,000 per person |
Vehicle rental insurance4 | Against collision, theft or damage for a period of 48 days or less (theft of personal effects up to $2,000) |
Medical, general and legal assistance4 | Included |
Customer service (24/7) |
|
|---|---|
À la carte Rewards Centre |
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Insurance claim and assistance |
|
Lost or stolen card |
|
Chargeback |
To learn more about the terms applicable to your card, read the Credit card Agreement[PDF].
There are two main elements of a joint credit card:
- The primary cardholder’s name will be the one that appears on the credit card contract. This person can decide to add up to three authorized users to their account, as well as remove them at any time. They must meet all the eligibility criteria to apply for a credit card.
- An authorized user has their own card and PIN. However, all transactions made by that person are charged to the primary cardholder’s account. An authorized user could be a spouse, a child aged 16 or older, or a friend. The designated person doesn’t need to meet all of the eligibility criteria to access their card.
Please remember that the primary cardholder is responsible for paying any outstanding balances and managing the account. This also means that they’re the ones who will receive any cashback generated by the account. If any disagreements or separations occur, the authorized users and primary cardholder must agree on how to proceed.
The authorized user doesn’t receive a statement and doesn’t have access to transaction details and account information, including the credit card limit. However, both cardholders can enjoy the benefits of their card. They can also change their respective PINs, as well as cancel or replace their cards.
How do I get a joint credit card?
If you’re applying for a new credit card, answer “Yes” to the “Do you need an additional card” question in our application form.
If you’d like an additional card for an existing account, fill out our credit card application or call us at 1-888-622-2783.
Please note that there’s an annual fee for an additional credit card.
To learn about how we protect your information, consult our Confidentiality Policies.
®Mastercard and World Mastercard are registered trademarks, and the circles design is a trademark of Mastercard International Incorporated. Authorized user: National Bank.
®À LA CARTE EXTRAS is a registered trademark of National Bank of Canada.
®À LA CARTE REWARDS PLAN is a registered trademark of National Bank of Canada.
TM À LA CARTE TRAVEL is a trademark of National Bank of Canada. À la carte Travel is owned by Transat Distribution Canada Inc., holder of permit No. 753141 in Quebec.
TM À LA CARTE REWARDS is a trademark of National Bank of Canada.
1. Certain restrictions apply. For more information, consult the Rewards plan section or the Plan rules regarding how to earn points.
2. Grace period:
No interest will be charged on purchases made during the month, provided the client pays the balance in full within twenty-one (21) days of the statement date. This grace period does not apply to cash advances or balance transfers. Minimum payment: If your account balance is lower than $10, you must pay the entire balance. If you reside in the province of Quebec, your minimum payment will correspond to 5% of the credit card account balance plus any overdue payment or $10, whichever amount is higher. If you reside outside of Quebec, your minimum payment represents 2.5% of the credit card account balance plus any overdue payment or $10, whichever amount is higher. Account statement: A statement is sent monthly.
Example of credit charges over a 30-day period
Annual interest rate | Average balance | |
|---|---|---|
| $500 | $3,000 |
22.49% | $9.24 | $55.45 |
20.99% | $8.63 | $51.76 |
13.2% | $5.53 | $33.16 |
9.2% | $3.78 | $22.68 |
*Variable interest rate in effect on September 1, 2021
3. Balance transfer and cash advance are subject to credit approval by National Bank. Each balance transfer must be at least $250.
4. This coverage applies to purchases and rentals charged in part to the card, except out-of-province medical/hospital insurance for which the travel arrangements need not be charged to the card and lost or delayed luggage insurance where all transportation costs must be charged to the card. This coverage applies to the primary cardholder, their spouse and/or dependent children when they (spouse and/or dependent children) travel with the primary cardholder. Extended warranty coverage applies to most new items purchased with the card, in Canada or abroad, as long as the manufacturer's warranty is valid in Canada. Certain conditions and restrictions apply. For more information and for details of your insurance coverage, please consult the insurance certificate associated with your card.
5. Subject to credit approval by National Bank.
6 . Certain conditions apply. Visit mastercard.ca for more information. Refer to the credit card terms and conditions.
National Bank is not responsible for maintaining or monitoring the accuracy of information on this website. If you apply and get approved for a National Bank Card, (I/we) may receive compensation from National Bank, which can be in the form of monetary payment.