If you are a regular traveler, you know there are a lot of unpredictable things that can happen when abroad. The good thing is that you can stay protected when these things happen with the National Bank of Canada World Elite Mastercard.
Safeguard your travel plans with the help of the World Elite Mastercard from National Bank of Canada. Unlike other credit cards, this card offers travel insurance coverage that you rely on. More perks are waiting for you when you sign up for the card today!
Learn how to apply for the World Elite Mastercard in this guide.
Reasons to Get the National Bank of Canada World Elite Mastercard
There are a lot of reasons for applying for and using the National Bank of Canada World Elite Mastercard. One of the main reasons why a lot of people are keen on getting this credit card is its welcome bonus.
The card offers a whopping 70,000 reward points as a welcoming offer to new cardholders. You also get to earn the first 30,000 rewards points after spending $5,000 in the first 3 months.
You get a further bonus of another 10,000 reward points when you sign up for the insurance. You’ll then get an additional 30,000 reward points when you spend $12,000 on purchases in the first 12 months of owning the card.
When you redeem your reward points through the National Bank of Canada’s A la Carte Rewards Program, you’ll get $700 in rewards.
Get Your Annual Fee Reimbursed
When you sign up for the Frugal Flyer exclusive, applicants will get their annual fee reimbursed for their first year, up to a value of $150. The annual fee will still be charged to your account but you will receive a statement credit that will cover the annual fee on the first four months of having the account.
After a year, you will need to pay a $150 annual fee. However, there is one secret to making sure that you will never pay an annual fee ever again, and is a tip highly recommended for frequent flyers.
When you use this card for travel, you’ll receive a $150 travel credit every year. This effectively covers your annual fee if you keep on using the card for ticket upgrades and other travel expenses.
Best Travel Credit Card in Canada
The National Bank of Canada World Elite Mastercard is touted as the best travel credit card in Canada.
Cardholders are entitled to travel and medical insurance, especially when it comes to travel interruption, flight delays, baggage delays, lost or stolen baggage, and any other inconvenience.
Apart from that, you are also entitled to rental car insurance. Travel insurance coverage also applies to bookings as long as you use a credit card to pay for the booking.
Rewards and Other Offers
While the National Bank of Canada World Elite Mastercard is a great partner when it comes to traveling, the card also rewards you when you use it for your daily spending. Each time you spend using the card up to $2,500, you’ll get 5 rewards points and 2 rewards points for any amount that is over $2,500.
This is highly valuable if you use the card to buy groceries and other necessities. You can also receive rewards points for just eating at your favorite restaurant.
The card also lets you earn on other purchases like gas and electric vehicle charging with 2 reward points and 1 reward point for every dollar that you spend on other eligible purchases.
Interest Rates, Fees, and Other Charges
Before you sign up for the National Bank of Canada World Elite Mastercard, it’s important to completely understand the fees and charges associated with the card.
The card has a purchase rate of 20.99%, with a balance transfer and cash advance rate of 22.49%.
There is also an annual fee of $150 and another $50 for additional cards. When you sign up for the card, you will have a minimum $5,000 credit limit dependent on your creditworthiness.
Is the National Bank of Canada World Elite Mastercard Right For You?
If you are someone who loves to travel and doesn’t mind paying some extra fees, then this card is right up your alley.
This is also a card for those who can reach a minimum spend of $3,000 a month so you can take full advantage of the rewards.
If you want convenience and get rewards in return, this is the right credit card to own.
Find Out If You’re Eligible
Now that you know all the important details about the National Bank of Canada World Elite Mastercard, it is time to learn if you’re eligible to apply for the card.
You must be 18 years old and must be a resident of Canada. You must also have a personal income of $80,000 or more or $150,000 for a single household.
You must also present the documents to verify this information, such as government-issued ID, Social Insurance Number, utility bills, and bank statements.
If you need further assistance, you can contact the bank at 1-888-622-2783 or visit their office at 301 – 8th Avenue South West Calgary, Alberta T2P 1E4.
How to Apply for the National Bank of Canada World Elite Mastercard
Once you have all the necessary documents, applying for the card is easy when you follow these steps. Head over to the National Bank of Canada website and choose “World Elite” under the credit cards section.
Click on the Apply button and enter your details on the application form. Complete the application and make sure that you review everything before you submit it.
Once approved, a bank representative will contact you with further instructions.
Conclusion
The World Elite Mastercard offered by the National Bank of Canada is a great choice for frequent flyers. With so many travel benefits and purchasing power, it can be a very lucrative credit card to use as a traveler. It is a rewarding card that fits well with your lifestyle.
Note: There are risks involved when applying for and using credit. Consult the bank’s terms and conditions page for more information.