Elevated bonus offer on National Bank World Elite Mastercard now extended

by Anshul
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The elevated welcome bonus offer of 70,000 points on National Bank World Elite Mastercard has now been extended until June 30, 2023. National Bank reward points are easy to use travel points, for casual and frequent travellers alike. Recently, I had also listed reasons why someone should have the card in their wallet, and it bears repeating;

    • Exclusive offer: 70,000 points, and First Year annual fee waiver (a value of $850 CAD)
    • Elevated earning at grocery stores and restaurant purchases – 5 points per dollar
    • $150 in travel fee refunds – expenses include, airport parking fees, baggage fees, seat selection fees, lounge access, and ticket upgrade
    • Lounge access – free and unlimited access (with one guest) to the National Bank World Mastercard Lounge at YUL airport

Let’s take a closer look at the new offers, and the redemption options;

National Bank World Elite® Mastercard®  – Apply Now 

National Bank World Elite

  • Eligibility: Personal income of $80,000 or a minimum household income of $150,000
  • Annual Fee: $150 CAD No fee for first year
    • The annual fee will appear as a charge and credit on the second or third statement after the account is opened
  • Welcome Bonus Offer:
    • Up to 70,000  points (Apply by January 13, 2023)
      • 30,000 reward points with $5,000 spend in the first 3 months of opening account
      • 10,000 reward points with sign up of credit card payment insurance for minimum 3 months
      • 30,000 reward points with net spend of $12,000 in the first 12 months of opening account
  • Earning Rate:
    • 5 points per dollar on all grocery and restaurant purchases (upto $2500 monthly, 2 points/dollar thereafter)
    • 2 points per dollar on gas, electric vehicle charging, recurring bill payments, and À la carte Travel™ purchases
    • 1 points per dollar on all other purchases
  • Additional Benefits: 
    • $150 in travel-fee refunds. Eligible expenses include, airport parking fees, baggage fees, seat selection fees, lounge access, and ticket upgrade
    • Free and unlimited access along with one guest to the National Bank World Mastercard Lounge at YUL airport
    • Extensive Insurance Coverage
      • Flight cancellation or trip interruption insurance
      • Delayed flight and stolen luggage insurance
      • Stolen or lost luggage insurance
      • Out-of-province hospital medical insurance
      • Vehicle rental insurance
      • Medical, legal or general assistance
      • Extended manufacturer’s warranty on purchases 
      • Purchase Protection Insurance

Refer to National Bank page for up to date offer terms and conditions

Redeeming National Bank Rewards
    • Best Value: Members can redeem points at 1 cent a piece when booking flights and vacation packages directly with the À la carte Travel™ Agency powered by Transat. 10,000 points  = $100
    • Statement Credit towards travel expenses: Redeem points for any travel expenses already charged to your card.
      • 11,000 points = $100 when redeeming more than 55,000 points
      • 12,000 points = $100 (up to 55,000 points)
    • Financial Rewards: Members can redeem points for National Bank products like Banking plans, Mortgage payments, or investing in RRSP and TFSA products
    • Statement Credits: Members can also apply their points towards credit card balance, at 0.4 Cents per point. 25,000 points = $100
Take Away

The extended offer on the National Bank World Elite Mastercard is a great signup opportunity for travellers that appreciate a good redemption program with defined value. Increased welcome bonus, and the annual fee waiver complement the core benefits of the cards well, and National Bank rewards offer easy and predictable redemption opportunity – a good card for every wallet.

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