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Mr. Loonie
National Bank World Elite Mastercard

National Bank World Elite Mastercard

8.1
Very good
Expert Score · 10 reviews How we score

Best for: Travellers who want strong travel insurance and points on groceries and dining

Your spending a month
What’s in each?
Light:
Groceries $400, restaurants $100, gas $100, recurring bills $100, everything else (base rate) $250, foreign currency $50
Typical:
Groceries $800, restaurants $250, gas $250, recurring bills $250, travel $150, everything else (base rate) $650, foreign currency $150
Big:
Groceries $1,200, restaurants $500, gas $400, recurring bills $400, travel $500, everything else (base rate) $1,600, foreign currency $400
Yours:
Your own amounts, saved on this device only
Year one
$1,099
Every year after
$904

Ranked #26 of 176 for year one. See the list

See how we worked it out
Welcome offer you’d get
$45
The full offer. Up to 5,000 a la carte points.
Annual fee
$0 first year
Then $150 a year
Apply now on National Bank’s site (opens in a new tab)
Needs $80,000 personal or $150,000 household income
We may get paid if you apply through this link. It never changes our score.

Have this card?

Details from National Bank’s site. Banks can update terms at any time, so give them a quick look before you apply. Source

Is it for me? What you’d earn Welcome offer Can I get it? Fees Similar cards
3 quick questions

Is it for me?

Do you spend $300 or more a month on groceries and restaurants?

Is your personal income $80,000 or more, or your household’s $150,000 or more?

Do you pay your card off in full most months?

Answer the 3 questions to see if it fits.

From the numbers

The good and the bad

Stands out

  • Good: 5 points per $1 on groceries and restaurants At our value for these points, that’s about 4.5% back.
  • Good: No fee in the first year Then $150 a year.
  • Good: Welcome offer up to 5,000 a la carte points About $45 at our value for these points.

Watch for

  • Watch for: Everything else earns 1 point per $1 That’s about 0.9% back, which is low.
  • Watch for: $150 a year from year two You need about $300 a month on groceries and restaurants to earn it back.
  • Watch for: 2.5% on foreign purchases Use a no foreign fee card when you travel.

Worked out from the card’s rates and fees.

Show your work

What you’d earn

With typical spending of $2,500 a month.

A la carte points valued at 0.9¢ each.

  • Groceries $432
    5 points per $1 · 4.5% back $800 a month · 48,000 a la carte points a year
  • Restaurants $135
    5 points per $1 · 4.5% back $250 a month · 15,000 a la carte points a year
  • Gas $54
    2 points per $1 · 1.8% back $250 a month · 6,000 a la carte points a year
  • Recurring bills $54
    2 points per $1 · 1.8% back $250 a month · 6,000 a la carte points a year
  • Travel $32
    2 points per $1 · 1.8% back $150 a month · 3,600 a la carte points a year
  • Everything else $70
    1 point per $1 · 0.9% back $650 a month · 7,800 a la carte points a year
  • Foreign currency $16
    1 point per $1 · 0.9% back $150 a month · 1,800 a la carte points a year
For you Year one Later years
Points you earn88,200 a la carte points a year, at 0.9¢ each $794 $794
Welcome offer5,000 a la carte points you’d reach $45 $0
Annual fee $0 −$150
Foreign currency fee2.5% on $1,800 a year −$45 −$45
Lounge visits2 visits at $45 $90 $90
Travel medical insurance1 trip at $50 $50 $50
Rental car damage cover1 rental of 3 days at $35 a day $105 $105
Phone insurance$60 a year $60 $60
Total $1,099 $904

Rows are rounded to the dollar. Insurance counts at what the same cover costs on its own, and only pays when you charge the trip, rental or phone to the card.

What counts in each category
Groceries
5 points per $1 Up to $2,500 in spending per month (shared with other categories). Then 2 points per $1..
Restaurants
5 points per $1 Up to $2,500 in spending per month (shared with other categories). Then 2 points per $1.. Including electric vehicle charging
Gas
2 points per $1 Including EV charging
Recurring bills
2 points per $1
Travel
2 points per $1 Booked through À la carte Travel
Everything else (base rate)
1 point per $1

5X points category up to combined $2,500 in gross monthly purchases, earn 2 points thereafter

How a la carte points work, and why 0.9¢

We count a la carte points at 0.9¢ each, a typical value when you use them well. Depending on how you use them, they’re usually worth 0.4¢ to 1¢.

We set one value per points program and use it on every card in that program, so you can compare points cards and cash back cards on the same scale.

These are example budgets to compare cards side by side, not averages. Your own spending will give a different number.

Checked on Nov 8, 2026. Source

Welcome offer

Can your spending get the offer?

At $2,500 a month, here’s when you’d reach each step.

  1. 1

    5,000 a la carte points · about $45

    Spend $5,000 in your first 3 months.

    You’d reach it in month 2.

    • On purchases within the first 3 months
    • Earn an additional 10000 points after spending $20000 within the first 12 months
    • Earn another 10000 points by enrolling in credit card insurance for at least the first 3 months

Offer end date not published.

Before you apply

Can I get it?

  • Age 18 or older 19 or older in BC, NB, NL, NS and the territories
  • Where you live Canada
  • Personal income $80,000 or more Issuer says
  • Household income $150,000 or more Issuer says
  • Credit score No minimum on record Most banks don’t publish one, and we don’t guess.

Checked on Nov 8, 2026. Source

Mr. Loonie’s tip Each application shows up on your credit file. Leave a few months between card applications.

What critics say

Other reviewers on this card

8.1
Very good
Expert Score How we score
  • Frugal Flyer (opens in a new tab) May 2026

    “The National Bank World Elite Mastercard is a great addition to any traveler’s wallet, with its $250 travel credit/calendar year, extremely competitive insurance portfolio, and a decent earning rate of 1.5% which can be redeemed flexibly.”

  • Frugal Flyer (opens in a new tab) Jan 2026

    “The National Bank® World Elite® Mastercard® is a strong card on many levels. With a high earning rate of 5 À la carte rewards points per dollar spent on groceries and restaurants, it even makes our list of best credit cards for grocery purchases in Canada. But one of the most standout features that drives me to use the card on travel purchases is the insurance benefits package, which is competitive in all categories and even best-in-class in some. Couple this with the flexibility to be covered when making award bookings and you’ve got a winning combination.”

  • NerdWallet (opens in a new tab) Sep 2025
    8.2

    “Get up to 5x points per $1 spent on everyday expenses, expansive travel insurance and the freedom to redeem points in unique ways, like paying your mortgage or investing. Plus, get unlimited access to the National Bank Lounge at the Montreal Airport. But the minimum income requirements and $150 annual fee may exclude some users.”

  • Rewards Canada (opens in a new tab) May 2023

    “The National Bank of Canada World Elite Mastercard is well rounded, it gives you a little bit of everything that you would want in a travel rewards credit card.”

  • MoneySense (opens in a new tab) Oct 2022

    “This credit card has a lot going for it, including an excellent insurance package, boosted earn rates and travel rebates. However, the $150 annual fee is a touch higher than those of other cards in its category, which makes room for other contenders.”

  • SAVVY New Canadians (opens in a new tab) Jun 2022
    9

    “I like that the card has a lot of flexibility when you want to use your points, and its insurance coverage benefits are exceptional.”

What cardholders say

Ratings from people with this card

No ratings yet. If you have this card, tell others what it’s like.

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Insurance and perks

What comes with it

  • Car rental damage Included
  • Extended warranty Included
  • Purchase protection Included
  • Travel accident Included
  • Trip cancellation Included
  • Trip interruption Included
  • Travel medical $5,000,000 per person
  • Flight delay Included
  • Baggage delay Included
  • Lost baggage Included
  • Mobile device $1,000 per device
  • Lounges: National Bank Lounge Unlimited visits
  • Flight cancellation or trip interruption insurance
  • Delayed flight and stolen luggage insurance
  • Stolen or lost luggage insurance
  • Insurance in case of accidental breaks, loss or theft of mobile devices
  • Enjoy unlimited access to the National Bank Lounge at Montréal-Trudeau Airport4 and get up to a $150 refund per year on your travel expenses (seat selection, airport parking and more)
  • Mobile wallets Apple Pay, Google Pay
Coverage limits

We haven’t recorded the coverage limits for this card yet. Read National Bank’s insurance certificate before you count on any coverage.

Fees and interest

What it costs

Annual fee
$0 first year Then $150 a year
Purchase interest
20.99%
Cash advance interest
22.49%
Foreign currency fee
2.5%
All fees and rates

Fees

Extra cards
$50
Fee waivers
First year: $150 off (Waived on the first year)
Cash advance fee
$3.50, $5.00 fee for cash advances outside of Canada.
Balance transfer fee
1%, If transfer is requested when credit card account is opened, otherwise 3% .
Over-limit fee
None
Late payment fee
None
Source
Issuer page

Interest rates

Balance transfer interest
22.49%
Source
Issuer page

Read the card terms and conditions for the full terms.

Checked on Nov 8, 2026. Source

Before you decide

Similar cards for the same spending

With typical spending. This card: $1,099 year one, $904 every year after.

See all cards ranked for your spending

Some of these links pay us when you apply, at no extra cost to you. Most don’t, and pay never changes our score. How we make money

Common questions

Questions people ask

What is the annual fee on the National Bank World Elite Mastercard?

$0 the first year, then $150 a year. Each extra card costs $50.

How much is the National Bank World Elite Mastercard welcome offer worth?

5,000 a la carte points after you spend $5,000 in the first 3 months, worth about $45.

What income do I need?

National Bank asks for $80,000 in personal income.

Does it charge a foreign transaction fee?

Yes, 2.5% on purchases in other currencies.

What is the interest rate?

20.99% on purchases. Cash advances are 22.49%.

Does it include insurance?

It lists extended warranty, purchase protection, flight cancellation or trip interruption insurance and delayed flight and stolen luggage insurance. Read the insurance certificate for the limits.

Rates, fees and offers come from the card issuers and change often. We work to keep this page accurate and current, but it may contain mistakes, so always check the issuer’s terms before you apply. This page is general information and isn’t financial advice.

Spot something wrong? We’ll check it with the bank. Suggest a correction

Card names, logos and trademarks belong to their owners. No issuer wrote, paid for or approved what we say about this card. Our scores and opinions are our own.

Mr. Loonie is independent and supported by affiliate links. We may earn a commission when you apply through some links, at no cost to you. How we make money

$1,099
year one for you
Apply now on National Bank’s site (opens in a new tab)
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