- Earn points towards the À la carte Rewards Plan while you spend
- Earn up to 2 points on ALL card purchases* without restrictions*!
- Travel rewards you can benefit from during your next trip abroad or for your vacation closer to home, for example for a car rental
- Your points can be exchanged towards a wide range of articles and gift-cards, a payment on your credit card balance or a donation to a good cause
- Purchase protection such as purchase insurance, extended warranty on your purchases and fraud protection
- Minimum annual income of $60,000 as an individual or $100,000 as a household OR minimum of $250,000 in assets OR be an existing client that spends at least $15,000 per year
-
Priority airport services
No
-
Airport lounge access
No
-
Concierge service
No
-
Balance protection(Optional)
No
-
Purchase Security & Extended Protection Insurance
Yes
-
Flight delay insurance,Baggage Insurance
Yes
-
Vehicle rental insurance
Yes
-
Travel accident insurance
Yes
-
Travel medical insurance
Yes
- Annual Fee: $115
- Additional Card Fee: $35
- Purchases Interest Rate: 20.99%
- Cash Advance Interest Rate: 22.49%
- You're a Canadian resident
- You've reached the age of majority in your province or territory
More with your points
Pay your card balance, invest in a Financial product or pay your mortgage with your rewards points or discover the À la carte Extras program®.
Travel discounts
Redeem your points to pay for travel expenses, such as plane tickets, car rentals or vacation home rentals.
Comprehensive travel insurance
Enjoy up to 60 days' coverage with the travel, trip cancellation/interruption, baggage loss and car rental insurance.
Travel agency
Get more for your points when you redeem them for travel rewards.
Extended warranty
Get up to triple the manufacturer's warranty for most items purchased using your credit card.
Dedicated online store
Redeem your points at the online store where a wide range of rewards from top brands are offered.
Overview
The World Mastercard is one of the higher end credit cards National Bank offers. While spending, cardholders earn points towards the À la carte Rewards Plan. Points can be redeemed for a number of things, including travel and merchandise. There are lots of other perks that come with this card for an annual fee of $115. Read more about this credit card below.
- Annual fee of $115 and standard interest rates
- Earn points towards the À la carte Rewards Plan while you spend
- Earn up to 2 points on ALL card purchases* without restrictions*!
- Minimum annual income of $60,000 as an individual or $100,000 as a household OR minimum of $250,000 in assets OR be an existing client that spends at least $15,000 per year
- Eligibility for a travel expense discount
- Comprehensive travel insurance and extended warranty coverage included along wiht fraud protection
Pros
- Access to a special travel agency and a dedicated online store under the À la carte Rewards Plan
- Redeem points for merchandise, gift cards, vacation packages, plane tickets, travel experiences, À la carte Extras, or credit card statement credits
- National Bank is rated as one of the best banks for customer service support
Cons
- Tiered points earning system under the À la carte Rewards Plan
- Minimum annual incomes, expenditures, or savings are required to apply for this credit card
- Minimum credit limit of $5,000
Takeaway
The World Mastercard is definitely a luxury credit card because of the ample perks that come with it. These benefits can be yours if you meet the eligibility criteria and are willing to pay the annual fee of $115. If you’re looking for a more simple credit card, consider other National Bank credit cards.
Legal notes :
®Mastercard and World Mastercard are registered trademarks, and the circles design is a trademark of Mastercard International Incorporated. Authorized user: National Bank
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.
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.
Travel and health insurance conditions
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.
Author Bio
Mohamed Konate is a personal finance expert, blogger, and marketing consultant based in Toronto. He is a former financial services professional who worked at major Canadian financial institutions for many years. He managed the marketing strategy around various financial products ranging from credit cards to lines of credit. Mohamed is passionate about personal finance and holds a Bachelor's in Business Administration from the University of Quebec (Montreal) and a Master's in International Business from the University of Sherbrooke (Quebec). He is also the author of the Canadian Credit Card Guidebook.
