The National Bank World Elite Mastercard offers benefits that include an annual $150 travel credit and access to the National Bank VIP airport lounge in the Montreal Airport International terminal.
As a result of its stellar travel insurance and purchase protection benefits, we awarded this card as the Best Overall Insurance Credit Card of 2025.
Check out our National Bank World Elite Mastercard review for more details.
Earning À la Carte Rewards Points
The National Bank World Elite Mastercard 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 should be redeemed for travel purchases, as the best value for À la carte rewards points is to redeem them against travel purchases made through the À la carte rewards travel agency, as points will be worth 1 cent per point with this redemption option.
A close second is to redeem them against travel you have booked on your own, as points will be worth 0.833 cents per point with this redemption option.
Points can also be redeemed for statement credits, contributions to an investment account, gift cards, or merchandise, but these are much lower-value redemption options compared to using your points for travel.
Benefits
$150 Annual Travel Credit
National Bank World Elite Mastercard 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.
National Bank VIP Airport Lounge Access
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, to access the lounge.
Fees & Eligibility
| Personal Income | $80,000 |
| Household Income | $150,000 |
| Annual Fee | $150 |
| Foreign Exchange Fee | 2.50% |
| Purchase Rate | 20.99% |
| Cash Advance Rate | 22.49% |
| Balance Transfer Rate | 22.49% |
Insurance Coverage
The National Bank World Elite Mastercard offers several types of insurance coverage:
- Emergency medical insurance: Coverage of up to $5,000,000 for the first 60 days of any out-of-province trips for travelers aged 54 and under; or the first 31 days for those aged 55 to 64; or the first 15 days for those aged 65 to 75 (if the length of trip exceeds the maximum number of covered days, no coverage is offered for that trip)
- Trip cancellation insurance: Up to $2,500 per person
- Trip interruption insurance: Up to $5,000 per person
- Flight delay insurance: Up to $500 per person on a minimum 4-hour delay
- Delayed, lost, damaged, or stolen baggage insurance: Up to $1,000 per person (up to $500 for baggage delay)
- Rental car insurance: Comprehensive coverage for cars up to $65,000 MSRP
- Purchase protection: Coverage for accidental physical damage or theft for 180 days from the date of purchase
- Extended warranty: Triple the manufacturer’s original warranty up to two additional years
- Mobile device insurance: $1,000 coverage for theft, loss, or accidental damage to your mobile device for a period of up to 2 years
Refer to the National Bank World Elite Mastercard insurance certificate for additional details, including terms and conditions for eligibility.
Top National Bank Cards
| Credit Card | ||
|---|---|---|
 |
25,000 À la carte Rewards and $50 FlyerFunds Estimated value: $300 Ends Aug 4, 2025 |
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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 |
| 12.95% | $5.32 | $31.93 |
| 8.95% | $3.68 | $22.07 |
*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.
*Groceries and restaurants: 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 speciality 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.
Gas and electric vehicle charging: 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.
Recurring bill payments: 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.
À la carte Travel TM : 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 Rewards TM site.
Other purchases: 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, and 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.
Travel purchases that have been booked on your own externally. Points can be redeemed at a rate of 0.833 cents per point (12,000 points = $100) and the value increases the more points you redeem (up to 0.909 cents per point for a $500 redemption).
Statement credit. Points can be redeemed at a rate of 0.4 cents per point (25,000 points = $100).
Contribute to a National Bank TFSA or RRSP. Points can be redeemed at a rate of 0.083 cents per point (12,000 points = $100).
How can TFSA/RRSP’s value be 0.083cpp if the exchange rate (12,000 points = $100) is the same as that of non-À la carte rewards portal travel purchases?
Hey Kyrie,
Good catch on that typo. I’ve updated the page with the correct cents per point.