National Bank World Mastercard review
- Welcome Offer
- N/A
- Rewards
- Up to 2 points
- Annual Fee
- $115
- Purchase Interest Rate
- 20.99%
- Cash Advance Rate
- 22.49%
Summary
Earn comprehensive benefits and a decent return on points with the premium National Bank World Mastercard travel card.
Earn up to 2 points for every $1 you spend when you spend over $20,000 per year (and 1.25 points for every $1 before that). You’ll also qualify for comprehensive travel benefits and a generous welcome bonus when you sign up.
30-second take
- Think about the National Bank World Mastercard if you want a decent return on travel points and comprehensive travel insurance.
- Choose something else if you’d rather collect frequent flyer miles or you don’t want to pay an annual fee.
- Your minimum annual income needs to be $60,000, or you should have a household income of $100,000 to qualify.
The basics
Whether you’re planning a short business trip or an all-inclusive tropical vacation, the National Bank World Mastercard could help you get to your next destination faster.
- High return. Earn up to 2 points for every $1 you spend when you spend over $20,000 per year (and 1.25 points for every $1 before that). Any annual spend higher than $30,001 will then earn 1.25 points per $1 spent.
- Purchase protection. Protect the items you buy on your card with extended warranty and insurance coverage.
- Travel insurance.
| Coverage type | Amount |
|---|---|
| Travel medical | Up to $5,000,000 per person |
| Trip cancellation | Up to $2,500 |
| Trip interruption | Up to $5,000 |
| Flight delay | Up to $500 |
| Baggage delay | Up to $500 |
| Baggage insurance (theft or damage) | Up to $1,000 |
The perks
- Car rental insurance. Get car rental insurance whenever you rent a vehicle in Canada or the US using your credit card.
- Zero-liability coverage. Protect yourself against fraudulent charges on your account with zero-liability insurance.
- Special travel agency. Save on vacation packages and airline tickets when you redeem your points through National Bank‘s À la carte online travel agency.
- Flexible rewards. Get flexible rewards when you redeem your points for travel, merchandise, gift cards, banking products and more.
What to watch out for
- High annual fee. The fee for this card is $115 per year.
- High interest. You’ll pay 20.99% interest on outstanding balances and 22.49% for cash advances.
- Low points value. The points you earn won’t be worth as much as other frequent flyer and travel rewards programs.
- Fee for additional cards. There’s an added fee of $35 for every extra card you take out.
- Difficult to qualify. The minimum income to get approved for this card is $60,000 or $100,000 as a household income.
National Bank World Mastercard interest rates
| Interest Type | Interest Rate |
|---|---|
| Purchase interest rate | 20.99% |
| Cash advance rate | 22.49% |
| Standard balance transfer rate | 22.49% |
What should I know before I apply?
Eligibility requirements
To apply for a National Bank World Mastercard, you need to meet the following criteria:
- Be a Canadian citizen or permanent resident with the age of majority in the province of residence.
- Have a minimum annual income of $60,000 or a household income of $100,000
Required documents and information
- Your name, residential status and contact information
- Your social insurance number (SIN) and date of birth
- Your email address and phone number
How to apply for the National Bank World Mastercard
- Click the ‘Go to site’ button above or use this secure link to be securely redirected to the online application.
- Complete the application, which includes providing your name, email address, social insurance number and birth date.
- Review and submit your application.
Compare other credit cards
Bottom line
The National Bank World Mastercard is a travel rewards card designed for frequent flyers. It offers a chance to earn up cash back in addition to the points you’ll earn for purchases. You’ll also qualify for comprehensive travel insurance and other perks like car rental insurance and purchase protection when you sign up.
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