National Bank World Elite

The National Bank World Elite card earns À la Carte Rewards points and offers cardholders benefits such as $150 in annual travel credits and access to the National Bank VIP lounge in the YUL International terminal. Due to it’s stellar travel insurance and purchase protection benefits, we deemed this card the Best Overall Insurance Credit Card of 2023.

Check out our National Bank World Elite Mastercard review for more details.

Rewards Rates

The National Bank World Elite credit card earns À la carte rewards points for all purchases made on the card:

• Groceries and restaurants:
  • 5 À la carte rewards points per dollar spent when the total gross monthly amount charged to the credit card, regardless of the category, is between $0 and $2,500
  • 2 À la carte rewards points per dollar spent when the total gross monthly amount charged to the credit card, regardless of the category, is over $2,500
• 2 À la carte rewards points for every dollar spent on Gas and electric vehicle charging purchases, recurring bill payments, and À la carte Travel Agency purchases.
• 1 À la carte rewards point for every dollar spent on all other eligible purchases.

Redeeming À la Carte Rewards Points

À la Carte Rewards points are a flexible currency that can be redeemed for travel purchases (either made with National Bank or booked on your own), statement credits, contributing to an investment account, gift cards, and merchandise.

The best value for your À la carte rewards points is to redeem them against travel purchases made through the À la carte rewards travel agency. A close second is to redeem them against travel you have booked on your own.

Click to learn everything about the À la Carte Rewards program.

Benefits

National Bank World Elite cardholders are eligible to receive a $150 travel credit per calendar year. This travel credit can be applied towards a range of ancillary travel expenses including airport parking, baggage fees, seat selection, access to airline lounges, and airline ticket upgrades.

These travel credits are awarded based on the calendar year, and thus, need to be utilized during the year in which they were issued. To redeem, the cardholder needs to log in to their National Bank account and access the “Travel Expenses” tab in the rewards portal.

Cardholders also receive complimentary access to the National Bank VIP airport lounge at Montreal Trudeau Airport (YUL). The lounge is located in the international terminal. This benefit entitles the cardholder, one guest, and two children 12 and under access to the lounge.

National Bank World Elite Mastercard cardholders are eligible to sign up for free Boingo WiFi at over one million hotspots worldwide. Through Boingo, you are also able to access free in-flight WiFi on WestJet flights.

Insurance Coverage

The National Bank World Elite card offers ten types of insurance coverage:

• Trip cancellation insurance
• Trip interruption insurance
• Out-of-province medical and hospital coverage
• Flight delay insurance
• Delayed baggage insurance
• Theft or loss of baggage coverage
• Rental car insurance
• Purchase protection
• Extended warranty coverage
• Mobile device insurance

Refer to the National Bank World Elite card insurance certificate for additional details, including terms and conditions for eligibility.

Other A la Carte Rewards Cards You Might Consider

	Credit Card	Welcome Bonus	Net Value
	National Bank Platinum	0 À la carte Rewards	$-70	Apply
	National Bank World	0 À la carte Rewards	$-115	Apply

Legal

Credit terms

Grace period: No interest will be charged on purchases made during the month, provided the client pays the balance in full within twenty-one (21) days of the statement date. This grace period does not apply to cash advances or balance transfers. Minimum payment: If your account balance is lower than $10, you must pay the entire balance. If you reside in the province of Quebec, your minimum payment will correspond to 5% of the credit card account balance plus any overdue payment or $10, whichever amount is higher. If you reside outside of Quebec, your minimum payment represents 2.5% of the credit card account balance plus any overdue payment or $10, whichever amount is higher. Account statement: A statement is sent monthly.

Example of credit charges over a 30-day period 

Annual interest rate	Average balance
	$500	$3,000
22.49%	$9.24	$55.45
20.99%	$8.63	$51.76
12.90%	$5.30	$31.81
8.9%	$3.66	$21.95

*Variable interest rate in effect on September 1, 2021 

Balance transfer and cash advance are subject to credit approval by National Bank. Each balance transfer must be at least $250. 

Details of eligible rewards points

Certain restrictions apply. For more information, consult the Rewards plan section or the Plan rules regarding how to earn points. 

The amount of points earned on grocery and restaurant purchases depends on the total gross monthly amount charged to the credit card account, regardless of the purchase category. You will earn 5 points for every dollar in eligible grocery and restaurant purchases until a total of $2,500 in gross monthly purchases is charged to the account. After that, you will earn 2 points per dollar in eligible grocery and restaurant purchases. The total gross monthly amount is calculated based on your monthly billing period. Grocery purchases include any purchase made at a store that primarily sells food, i.e., grocery store, delicatessen, supermarket, greengrocer or specialty food store. Ready-to-eat meal services and meal delivery services are eligible. This definition excludes purchases made at retail stores and big box stores whose core business is the sale of non-food items. Certain merchants may sell products and services that appear identical or similar to those sold by eligible merchants, or may be separate merchants located on the same premises as eligible merchants, but are classified in different categories by Mastercard. For purchases at other merchants, you will only earn regular rewards points. Restaurant purchases include purchases at a restaurant, fast food restaurant, bar, nightclub or pub. For a full list of Mastercard codes associated with eligible merchants, download the terms and conditions of the À la carte Rewards Plan®. 

To earn 2 points per dollar in purchases, you will need to purchase gas or an electrical vehicle charge from a service station or from certain big-box stores. Certain merchants may sell products and services that appear identical or similar to those sold by eligible merchants, or may be separate merchants located on the same premises as eligible merchants, but are classified in different categories by Mastercard. For purchases at other merchants, you will only earn regular rewards points. For a full list of Mastercard codes associated with eligible merchants, download the terms and conditions of the À la carte Rewards Plan®. 

Recurring bill payments are defined as monthly or regular payments automatically charged by a merchant to your National Bank World Elite Mastercard credit card. Not all merchants offer recurring bill payments, and not all recurring payments are considered recurring bill payments. Certain payments therefore may not entitle you to earn more points. 

 To earn 2 points per dollar in purchases, you must make your eligible purchases via the À la carte TravelTM Agency section of our À la carte RewardsTM site. 

 For example, if each month you charge $400 in groceries, $200 in gas, $100 in recurring bill payments and $150 in other purchases to your card, your $850 in purchases will earn you 2,750 points, as follows: 2,000 points for grocery purchases (since the total gross monthly amount is $850, i.e., under $2,500), 400 points for gas purchases, 200 points for recurring bill payments and 150 points for other purchases.

National Bank Lounge conditions

Exclusively available to World Elite Mastercard cardholders. Visitors must present their physical credit card and boarding pass to access the National Bank Lounge. The National Bank Lounge is only available to clients travelling to international destinations (excluding Canada and U.S. flights). Guests cannot spend more than three (3) hours in the Lounge. For National Bank clients who do not have free Lounge access and for additional guests, admission is around $37 for adults and $26 for children, plus tax. Admission is free for children under three years old. The entry price may change at any time without notice and at the discretion of the Lounge operator.

Travel and health insurance conditions

Clients must submit required documents within the given deadline. Certain conditions may apply. Only the primary cardholder (“Cardholder”) of National Bank World Elite Mastercard whose account is in good standing can request a refund of travel expenses. An account in good standing refers to an account linked to a credit card which complies with the Agreement governing the use of the credit card and which is not subject to any restrictions. For example, the annual fees related to the credit card must have been paid in full. The maximum amount that can be submitted for reimbursement between January 1 and December 31 of each year is $150.

Eligible expenses include: 

•   airport parking fees
•   baggage fees
•   seat selection fees
•   access to airport lounges worldwide 
•   airline ticket upgrades

The claim must be submitted within 60 days of the purchase date and accompanied by proof of purchase. The travel fees must be charged to the National Bank World Elite Mastercard credit card. The maximum reimbursement amount is $150 per account. The refund will be issued within 7 business days following the request approval date and after receiving all required information. An amount not claimed in a year cannot be carried over to the following year. For more information or to obtain the refund form, sign in to rewards.nbc.ca, click the Refund of travel expenses tab and complete the form, you can also contact us at 1-888-296-8881 (toll-free).  

This coverage applies to purchases and rentals charged in part to the card, except out-of-province medical/hospital insurance for which the travel arrangements need not be charged to the card and lost or delayed luggage insurance where all transportation costs must be charged to the card. This coverage applies to the primary cardholder, their spouse and/or dependent children when they (spouse and/or dependent children) travel with the primary cardholder. Extended warranty coverage applies to most new items purchased with the card, in Canada or abroad, as long as the manufacturer’s warranty is valid in Canada. Certain conditions and restrictions apply. For more information and for details of your insurance coverage, please consult the insurance certificate associated with your card. 

Mobile devices protection:

Up to $1,000 in the event of breakage, loss or theft for a maximum of 2 years after the purchase date. The device must have been purchased using your National Bank World Elite Mastercard credit card, or your phone plan must be paid via recurring payments charged to your National Bank World Elite credit card starting September 1, 2022. For complete terms and conditions, please consult the insurance certificate associated with your card.