*Disclosure*: My blog contains referral or affiliate links. I receive a small commission at no additional cost to you. Thank you for your continued support. National Bank is not responsible for maintaining or monitoring the accuracy of information on this website. For full details, current product information and Terms and Conditions, click the Apply Now link.

 

National Bank has announced two elevated welcome bonus offers on their premium credit cards – the World Elite Mastercard now comes with up to 70,000 bonus points, whereas the Platinum Mastercard with up to 35,000 in welcome bonus. The new promotion is applicable for all new cardholders that apply before January 13, 2023National Bank reward points are easy to use travel points, for casual and frequent travellers alike. Let’s take a closer look at the new offers, and the redemption options;

National Bank World Elite® Mastercard®  – Apply Now 

 

National Bank Credit

  • 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:
    • Up to 70,000  points (Apply by January 13, 2023)
      • 30,000 reward points with $5,000 spend in the first 3 months of opening account
      • 10,000 reward points with sign up of credit card payment insurance for minimum 3 months
      • 30,000 reward points with net spend of $12,000 in the first 12 months of opening account
  • Earning Rate:
    • 5 points per dollar on all grocery and restaurant purchases (upto $2500 monthly, 2 points/dollar thereafter)
    • 2 points per dollar on gas, electric vehicle charging, recurring bill payments, and À la carte Travel™ purchases
    • 1 points per dollar on all other purchases
  • Additional Benefits: 
    • $150 in travel-fee refunds. Eligible expenses include, airport parking fees, baggage fees, seat selection fees, lounge access, and ticket upgrade
    • Free and unlimited access along with one guest to the National Bank World Mastercard Lounge at YUL airport
    • 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

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

National Bank Platinum Mastercard®  – Apply Now 

National Bank Credit

 

  • Annual Fee: $70 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:
    • Up to 35,000  points (Apply by January 13, 2023)
      • 15,000 reward points with $3,000 spend in the first 3 months of opening account
      • 10,000 reward points with sign up of credit card payment insurance for minimum 3 months
      • 10,000 reward points with net spend of $6,000 in the first 12 months of opening account
  • Earning Rate:
    • 2 points per dollar on all grocery and restaurant purchases (upto $1000 monthly, 1.5 point/dollar thereafter)
    • 1.5 points per dollar on gas, electric vehicle charging, recurring bill payments, and À la carte Travel™ purchases
    • 1 point per 1.5 dollars on all other purchases
  • Additional Benefits: 
    • Insurance Coverage – Complete Travel insurance for up to 10 days;
      • Out-of-province medical/hospital insurance
      • Lost or delayed luggage insurance
      • Car Rental Insurance
      • Extended warranty coverage

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

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

Take Away

The elevated offers from National Bank are fantastic, and should intrigue travellers that appreciate a good redemption program with defined value, and choices that suit each household. Increased welcome bonus, and the annual fee waiver, are just the cherry on the cake that complement the core benefits of these cards.