National Bank of Canada World Elite Mastercard review

We’ll get into the small print beneath in our Nationwide Financial institution World Elite Mastercard overview, however listed below are some highlights. This card nonetheless provides one of many best possible journey insurance coverage packages available on the market—significantly for the hard-to-insure older market between 65 and 75 years previous. The factors program has been simplified, making rewards redemption simpler, and you may nonetheless use your factors towards all kinds of choices, from assertion credit to journey. And talking of journey, this card nonetheless will get you unique advantages like free airport lounge stays (at Montréal-Pierre Elliott Trudeau Worldwide Airport solely) and annual rebates on journey bills.

Image of National Bank World Elite Mastercard
Annual payment $150
Finest options Complete journey insurance coverage, even for older travellers between 65 and 75 years previous
Earn charge 5 factors per $1 spent on groceries and at eating places (as much as the primary $2,500 in gross month-to-month purchases charged to the account, whatever the buy class, and a pair of factors per $1 after); 2 factors per $1 spent on fuel and EV charging, recurring funds and À la carte Journey service; 1 level per $1 on all the pieces else
Revenue requirement $80,000 private or $150,000 family
Rates of interest Purchases 20.99%, money advances 22.49%, steadiness transfers 22.49%
Level worth Varies, from a low of $0.004 on assertion credit as much as a excessive of $0.01 on journey
Welcome provide No welcome provide presently
Who it’s good for World travellers, significantly those that are older; cardholders who wish to use rewards factors for RRSP or TFSA investments  

Nationwide Financial institution World Elite Mastercard overview

We take an in depth take a look at the brand new Nationwide Financial institution World Elite Mastercard and weigh the professionals and cons to see whether or not it’s a top-tier journey rewards bank card.

Tips on how to redeem your rewards for journey and extra

If you use your Nationwide Financial institution World Elite Mastercard, you earn rewards factors to redeem for quite a lot of rewards together with present playing cards, assertion credit, merchandise, experiences, journey and even investments in your registered retirement financial savings plan (RRSP) or tax-free financial savings account (TFSA) at Nationwide Financial institution of Canada.

Redemptions are lifeless easy. When you’ve accrued sufficient rewards factors in your desired reward, go to the Nationwide Financial institution on-line rewards boutique. There, you possibly can browse or seek for your merchandise and redeem your factors.

You possibly can reap the benefits of Nationwide Financial institution journey rewards in two methods. Ebook your journey utilizing your factors on the À la carte Journey Company, or redeem factors in opposition to journey bills already charged to your card. Both method, you should utilize your rewards factors.

Professionals of the Nationwide Financial institution World Elite Mastercard

Rewards

  • The brand new rewards factors are boosted in a number of classes, together with groceries and eating places, and a few boosted classes—comparable to fuel, EV charging and recurring invoice funds—don’t have any cap.
  • Spending limits have been simplified. Bonus factors are utilized on the primary $2,500 spent month-to-month, no matter class, for the 5x acceleration.

Insurance coverage

  • The Nationwide Financial institution World Elite Mastercard has an distinctive suite of included travel-related insurance coverage—accessible even to cardholders aged 65 and older, who can journey with peace of thoughts understanding they’ve an computerized 15 days of emergency journey insurance coverage of their pockets. Folks underneath age 54 get 60 days, and people aged 55 to 64 get 31 days.
  • Different journey safety protection consists of as much as $2,500 for journey cancellation, as much as $5,000 for journey interruption, as much as $500 for flight delays, and protection for bags theft, loss or delay.
  • With latest modifications to this card’s insurance coverage, there may be now two years of latest cell gadget protection that protects your gadget from breakage, loss or theft as much as $1,000.

Perks

  • The Nationwide Financial institution World Elite Mastercard carries some spectacular—and distinctive—perks like complimentary lounge entry for you, a visitor and as much as two kids underneath 12 years of age on the Montréal-Pierre Elliott Trudeau Worldwide Airport, and journey rebates.
  • Efficient January 2023, flight ticket upgrades and worldwide lounge entry shall be newly eligible for rebates.
  • Plus, in a win for simplicity, maximums in journey expense classes shall be changed by a single annual most refund of $150.

Cons of the Nationwide Financial institution World Elite Mastercard

  • Regardless of wholesome boosts in some spending classes, you’ll solely earn at accelerated charges on groceries and eating places till you attain $2,500 spent (in all classes) month-to-month. After that, you get 2 factors per $1.
  • For those who had the cardboard beforehand, know that latest modifications eliminated private results safety aboard a rental automobile.
  • The a number of protection clause was clarified to disqualify any claims paid out by some other insurer.
  • Most annual journey rebates are capped at $150.

Various playing cards

If the Nationwide Financial institution World Elite Mastercard piques your curiosity, it’s price comparability buying. (Try our full record of “Finest bank cards in Canada.”)

Scotiabank Gold American Categorical

With its rewards program and included insurance coverage, the Scotiabank Gold American Categorical is a strong various and has the extra advantage of a low $12,000 minimal private earnings requirement. This card expenses no overseas change payment, which may prevent 2.5% to three% on purchases made in one other foreign money, and it additionally entices new cardholders with a welcome provide of as much as 40,000 bonus Scene+ factors (a $400 worth).

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