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Mr. Loonie
National Bank World Mastercard

National Bank World Mastercard

Best for: People who want points on their spending and travel insurance

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
$650
Every year after
$535

Ranked #59 of 176 for year one. See the list

See how we worked it out
Annual fee
$0 first year
Then $115 a year
Apply now on National Bank’s site (opens in a new tab)
Needs $50,000 personal or $80,000 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 Can I get it? Fees Similar cards
3 quick questions

Is it for me?

Do you spend $550 or more a month on everything?

Is your personal income $50,000 or more, or your household’s $80,000 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: No fee in the first year Then $115 a year.

Watch for

  • Watch for: $115 a year from year two You need about $550 a month on everything 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 $173
    2 points per $1 · 1.8% back $800 a month · 19,200 a la carte points a year
  • Restaurants $54
    2 points per $1 · 1.8% back $250 a month · 6,000 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 $140
    2 points per $1 · 1.8% back $650 a month · 15,600 a la carte points a year
  • Foreign currency $32
    2 points per $1 · 1.8% back $150 a month · 3,600 a la carte points a year
For you Year one Later years
Points you earn60,000 a la carte points a year, at 0.9¢ each $540 $540
Annual fee $0 −$115
Foreign currency fee2.5% on $1,800 a year −$45 −$45
Travel medical insurance1 trip at $50 $50 $50
Rental car damage cover1 rental of 3 days at $35 a day $105 $105
Total $650 $535

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
Everything else (base rate)
2 points per $1 Earn additional 1.25 points per dollar spent on À la carte Travel
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.

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 $50,000 or more Issuer says
  • Household income $80,000 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

  • creditcardGenius (opens in a new tab) Jun 2020

    “Similar to the World Elite, this World version doesn’t have the best earn rate. The first $20,000 in annual spend is easily matched by some no annual fee cash back cards. But, if you spend $30,000 or more a year, you will start to see some value in points. Unfortunately, this card does not offer the complimentary travel benefits that the World Elite Mastercard comes with to make up for its lower return on spending.”

What cardholders say

Ratings from people with this card

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

Applied and weren’t approved?

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
  • Free access (with one guest) to the National Bank Lounge at Montreal-Trudeau airport
  • Trip Cancellation and Interruption Insurance
  • Flight delay insurance
  • Baggage insurance
  • Baggage delay insurance
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.

Not included

Not listed for this card: mobile device.

Fees and interest

What it costs

Annual fee
$0 first year Then $115 a year
Purchase interest
20.99%
Cash advance interest
22.49%
Foreign currency fee
2.5%
All fees and rates

Fees

Extra cards
$35
Fee waivers
First year: $115 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: $650 year one, $535 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 Mastercard?

$0 the first year, then $115 a year. Each extra card costs $35.

What income do I need?

National Bank asks for $50,000 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, trip cancellation and interruption insurance and flight delay 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

$650
year one for you
Apply now on National Bank’s site (opens in a new tab)
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