The National Bank World Elite Mastercard is a top-tier credit card designed for those who seek exceptional rewards and premium benefits. This card stands out for its generous rewards program, offering up to 5 points per dollar spent on eligible purchases. Additionally, cardholders can enjoy exclusive travel perks and comprehensive insurance coverage, making it an ideal choice for frequent travelers and those who appreciate luxury and convenience.

With an attractive promotional offer that includes up to $1,340 in benefits and rewards for the first year, the National Bank World Elite Mastercard provides substantial value. Whether you’re looking to maximize your points on everyday expenses, enjoy exclusive access to airport lounges, or benefit from extensive travel insurance, this card delivers on multiple fronts. The following sections will delve into the key features, advantages, and application process of this prestigious credit card.

Key information about the National Bank World Elite Mastercard card

The National Bank World Elite Mastercard is a premium credit card offering exceptional rewards and benefits tailored for high-spending individuals. With an annual fee of $150, the card provides up to 5 points per dollar spent on eligible purchases, including groceries, restaurants, gas, and travel. Cardholders can enjoy up to $1,340 in benefits and rewards during the first year, including 40,000 bonus points.

The card features a 20.99% purchase interest rate and a 22.49% rate for balance transfers and cash advances. Additional perks include unlimited access to the National Bank Lounge at Montréal-Trudeau Airport, travel insurance, extended warranty protection, and the ability to redeem points for travel discounts, gift cards, and more.

How does the annual fee work?

The National Bank World Elite Mastercard comes with an annual fee of $150. This fee grants cardholders access to a range of premium benefits, including extensive travel insurance coverage and enhanced purchase protection.

How is the credit limit determined?

For conventional credit cards like the National Bank World Elite Mastercard, credit limits are determined based on factors such as credit history, income level, and existing financial obligations. National Bank evaluates these criteria to establish a suitable credit limit for each applicant.

Credit card benefits 

• Generous rewards program: Earn up to 5 points per dollar spent on eligible purchases, including groceries, dining, gas, and travel, allowing you to accumulate points quickly.
• Significant first-year benefits: Enjoy up to $1,340 in benefits and rewards in the first year, including 40,000 bonus points and various travel discounts.
• Exclusive lounge access: Gain unlimited access to the National Bank Lounge at Montréal-Trudeau Airport, providing a comfortable and convenient travel experience with free Wi-Fi, drinks, snacks, and newspapers.
• Comprehensive travel insurance: Benefit from extensive travel insurance coverage, including out-of-province hospital medical insurance, flight cancellation, trip interruption insurance, and delayed flight and luggage insurance.
• Annual travel expense reimbursement: Receive up to $150 annually in reimbursements for travel expenses such as seat selection, airport parking, and checked luggage, enhancing your travel experience.
• Extended warranty and purchase protection: Enjoy extended warranties on purchases and protection against accidental damage or theft, giving you peace of mind when making significant purchases.

Robust rewards program

The standout feature of the National Bank World Elite Mastercard lies in its robust rewards program and comprehensive travel benefits. Not only do cardholders earn significant points on everyday purchases, but they also enjoy substantial travel perks and insurance coverage, making it an ideal choice for frequent travelers.

Disadvantages

• High annual fee: The card comes with an annual fee of $150, which may be a deterrent for individuals who do not maximize the card’s rewards and benefits.
• High interest rates: The card has a purchase interest rate of 20.99% and a rate of 22.49% for balance transfers and cash advances. These high interest rates can lead to significant charges if balances are not paid off in full each month.
• Income requirements: The card requires a substantial minimum annual income, making it inaccessible for individuals with lower earnings who may not meet the eligibility criteria.

Annual fee

The primary drawback of the National Bank World Elite Mastercard is its annual fee of $150, which may not be justified for occasional users or those who do not maximize the card’s travel and rewards benefits. This fee can seem steep for individuals who don’t frequently travel or utilize the extensive range of rewards and insurance options offered by the card.

Who can apply for this card?

To qualify for the National Bank World Elite Mastercard, applicants must meet specific eligibility criteria. This includes having a minimum annual income, a good credit history, and meeting National Bank’s credit approval standards. The card is designed for individuals who travel frequently and spend significantly on categories like dining, groceries, and travel-related expenses.

How to apply for the National Bank World Elite Mastercard card

Via WebSite

First, navigate to the National Bank’s official website. Once there, locate the credit cards section by either using the search bar or browsing through the main menu. Select the National Bank World Elite Mastercard from the list of available credit cards.

This will take you to the card’s detailed information page, where you can review the card’s features, benefits, and terms. If you decide that this card is right for you, click on the “Apply Now” button to begin the application process.

The application form will prompt you to enter your personal information. This includes your full name, date of birth, and contact details such as your address, phone number, and email address. Make sure to enter this information accurately to avoid any delays in processing your application. Next, you will be asked to provide your financial details.

After providing your personal and financial information, you will need to agree to the terms and conditions of the card. This includes consenting to a credit check, which is a standard part of the application process. The bank will use your credit report to evaluate your credit history and score. Ensure you read through the terms and conditions carefully before agreeing, as this will give you a clear understanding of your responsibilities as a cardholder.

Once you have completed all the required fields and agreed to the terms and conditions, you can submit your application. The bank will then review your application and perform a credit check. This process can take a few minutes to a few days, depending on various factors. You may receive instant approval, but in some cases, additional verification may be required, and the bank might contact you for further information.

If your application is approved, you will receive a confirmation email, and your new National Bank World Elite Mastercard will be mailed to you within a few business days. Once you receive your card, you will need to activate it before you can start using it. Activation instructions will be included with your card, and you can typically activate it online or by calling the bank’s customer service.