National Bank World Elite Mastercard Review (Earn $300 + FYF!)

The National Bank World Elite Mastercard is not a well known card in Canada. That’s because National Bank is mostly popular in Quebec. It’s only recently that they are trying to expand to other parts in Canada. Lucky for us, this expansion comes with a very lucrative sign up bonus.

I have no affiliation with National Bank or this credit card.

VIDEO – National Bank World Elite Mastercard – Earn $300 + AMAZING Travel Insurance (Jan. 31, 2021 DEADLINE)

Points and sign-up bonus

  • Earn $300 after spending $4000 between February 1, 2021 to April 30, 2021
  • You must apply for this credit card by January 31, 2021 to qualify for the promotion
  • Earn 1.5 points for for every $1 spent between $0-$40,000. 2 points earned for every $1 spent between $40,001-$80,000. Finally, you will earn 1.5 points for every $1 spent above $80,000
  • Apparently, you can exchange 10,000 points to get a $100 statement credit
  • $150 annual fee waived for the first year

As you can see, if you want to qualify for this amazing promotion, we have until the end of January to get this card. I personally applied and got approved.

The requirements to get approved for this card is to earn $80,000 personal income or have a household income of $150,000. I opted for the household income route.

national bank world elite Mastercard


While the $300 cash back is enough to entice people to sign-up for this credit card, there are more amazing perks to keep using this credit card.

  • $100 baggage statement credit
  • $100 airport parking credit (Park N’ Fly weeks cost is $99.95 according to google)
  • $50 flight seat selection credit (works with Aeroplan redemption)
  • 60 days out of province travel medical insurance (number of days depends on your age)
  • Purchase protection insurance for up to 180 days after purchase
  • Possibility to extend manufacturer’s warranty by an additional 2 years
  • Trip cancellation and interruption insurance
  • Insurance in case of theft or loss of baggage
  • Baggage delay insurance
  • Car rental insurance
  • Unlimited National Bank lounge access in Montreal

To qualify for the out of province travel medical insurance, you need to charge at least part of your flight with this credit card. I’m choked this card wasn’t available before I made my Aeroplan redemptions for 2021 since I could have saved money on travel insurance. Insurance is very expensive for seniors and even with the decreased number of days towards medical insurance, it’s still an amazing perk.


I can’t say enough good things about this credit card. I feel like, if someone made a travel credit card correctly, it’s definitely this card. The insurance alone is worth it to keep this card for many years to come.

I also love the purchase insurance and the numerous statement credits that comes with it. There’s a strong possibility this might be one of my permanent credit cards moving forward.

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