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National Bank has announced an extension of their limited time 20,000 reward points welcome bonus offer for the World Elite, and Platinum cards. The new promotion expiry date is set to August 31st, 2022. National Bank reward points are easy to use travel points, for casual and frequent travellers alike. The World Elite Mastercard in a premium travel card by National Bank – with no annual fee in first year, a $250 refund for travel expenses, unlimited access to National Bank lounge in Montreal, and comprehensive travel insurance coverage, there is a lot to like. Let’s take a closer look;

World Elite® Mastercard®  – Apply Now 

 

 

  • Eligibility: Personal income of $80,000 or a minimum household income of $150,000
  • Annual Fee: $150 CAD No fee for first year
    • The annual fee will appear as a charge and credit on the second or third statement after the account is opened
  • Welcome Bonus Offer:
    • 20,000  points (Apply by August 31, 2022) with $3000 spend in first 3 months
  • Earning Rate:
    • 1.5 points per dollar on all purchases ($0 to $40 000)
    • 2 points per dollar on all purchases ($40 001 to $80 000)
    • 1.5 points per dollar on all purchases ($80 001 and more)
  • Additional Benefits: 
    • $250 in travel-fee refunds. Eligible expenses include, airport parking fees (maximum $100), baggage fees (maximum $100) and seat selection fees (maximum $50).
    • Extensive Insurance Coverage
      • Flight cancellation or trip interruption insurance
      • Delayed flight and stolen luggage insurance
      • Stolen or lost luggage insurance
      • Out-of-province hospital medical insurance
      • Vehicle rental insurance
      • Medical, legal or general assistance
      • Extended manufacturer’s warranty on purchases 
      • Purchase Protection Insurance
  • Redeeming National Bank Rewards
    • Best Value: Members can redeem points at 1 cent a piece when booking flights and vacation packages directly with the À la carte Travel™ Agency powered by Transat. 10,000 points  = $100
    • Statement Credit towards travel expenses: Redeem points for any travel expenses already charged to your card.
      • 11,000 points = $100 when redeeming more than 55,000 points
      • 12,000 points = $100 (up to 55,000 points)
    • Financial Rewards: Members can redeem points for National Bank products like Banking plans, Mortgage payments, or investing in RRSP and TFSA products
    • Statement Credits: Members can also apply their points towards credit card balance, at 0.4 Cents per point. 25,000 points = $100

Refer to National Bank page *link* for up to date offer terms and conditions

Take Away

I appreciate a card that allows a simple structure of earn and burn without complicated redemptions. And the World Elite Mastercard from National Bank is just that – a card for every kind of traveller, and a redemption program with defined value, with choices to suit each household. A good card for Canadian wallets.

 

Title Image Credit: Monteal-Trudeau International Airport