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Mr. Loonie
National Bank Platinum Mastercard

National Bank Platinum Mastercard

6.8
Fair
Expert Score · 3 reviews How we score

Best for: People who want points on groceries and dining plus travel insurance, with no income minimum

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
$557
Every year after
$487

Ranked #67 of 176 for year one. See the list

See how we worked it out
Annual fee
$0 first year
Then $70 a year
Apply now on National Bank’s site (opens in a new tab)
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
2 quick questions

Is it for me?

Do you spend $350 or more a month on groceries and restaurants?

Do you pay your card off in full most months?

Answer the 2 questions to see if it fits.

From the numbers

The good and the bad

Stands out

  • Good: 2 points per $1 on groceries and restaurants At our value for these points, that’s about 1.8% back.
  • Good: No fee in the first year Then $70 a year.

Watch for

  • Watch for: Everything else earns 0.67 point per $1 That’s about 0.6% back, which is low.
  • Watch for: $70 a year from year two You need about $350 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 $173
    2 points per $1 · 1.8% back $800 a month · 19,200 a la carte points a year
  • Restaurants $51
    2 points per $1 · 1.8% back $250 a month · 5,700 a la carte points a year
  • Gas $41
    1.5 points per $1 · 1.4% back $250 a month · 4,500 a la carte points a year
  • Recurring bills $41
    1.5 points per $1 · 1.4% back $250 a month · 4,500 a la carte points a year
  • Travel $24
    1.5 points per $1 · 1.4% back $150 a month · 2,700 a la carte points a year
  • Everything else $47
    0.67 point per $1 · 0.6% back $650 a month · 5,200 a la carte points a year
  • Foreign currency $11
    0.67 point per $1 · 0.6% back $150 a month · 1,200 a la carte points a year
For you Year one Later years
Points you earn43,000 a la carte points a year, at 0.9¢ each $387 $387
Annual fee $0 −$70
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
Phone insurance$60 a year $60 $60
Total $557 $487

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
2 points per $1 Up to $1,000 in spending per month (shared with other categories). Then 1.5 points per $1..
Restaurants
2 points per $1 Up to $1,000 in spending per month (shared with other categories). Then 1.5 points per $1.. Including electric vehicle charging
Gas
1.5 points per $1 Including EV charging
Recurring bills
1.5 points per $1
Travel
1.5 points per $1 Booked through À la carte Travel
Everything else (base rate)
0.67 point per $1 1 point per $1.50
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

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
  • 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

6.8
Fair
Expert Score How we score
  • Finder (opens in a new tab) Sep 2022

    “The National Bank Platinum Mastercard is a mid-level travel rewards card that lets you earn flexible points and cash back. You’ll also get comprehensive travel benefits and other perks like car rental insurance and purchase protection when you sign up.”

  • MoneyGenius (opens in a new tab) Jul 2022
    4.8

    “The National Bank Platinum Mastercard is a good choice for people who don't want high annual fees and complicated rewards systems. You can still redeem your points for travel, but it's a simple 10,000 points = $100 in travel conversion. And it's important to recognize just how rare getting a full 10 days of emergency medical coverage is after you hit the age of 65.”

  • creditcardGenius (opens in a new tab) Jun 2020

    “Although the insurance package isn’t quite as good as its World and World Elite counterparts, it still compares favourably to the competition. Not as impressive as the World and World Elite, but it still offers the same extended warranty and purchase protection. So, if a good insurance package and no income requirement are important to you, then this card could fit the bill.”

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
  • 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
  • Mobile wallets Apple Pay, Google Pay
Coverage limits

Travel medical. Up to 10 days per trip.

Fees and interest

What it costs

Annual fee
$0 first year Then $70 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: $70 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: $557 year one, $487 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 Platinum Mastercard?

$0 the first year, then $70 a year. Each extra card costs $35.

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

$557
year one for you
Apply now on National Bank’s site (opens in a new tab)
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