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National Bank of Canada World Elite® Mastercard® Review

Last Updated on July 1, 2023



A well rounded travel card that verges on being excellent



National Bank of Canada World Elite® Mastercard®

The National Bank of Canada World Elite® Mastercard® is the flagship premium card offering from the sixth largest bank in Canada. The card underwent some major changes in the summer of 2022 to become Canada's latest 5x points earning card. It joins a small group of cards awarding that many points with an equivalent value for redemption (ie 5 points = at least 5%) but the card does have one major drawback to its 5x points earning that you'll learn about in this review.

The review of the National Bank of Canada World Elite® Mastercard® is broken down into the following sections:

Overview

The National Bank of Canada World Elite® Mastercard® is an all encompassing travel rewards credit card. It has decent points earning, flexible travel redemption options, provides annual refunds for travel expenses and has excellent travel insurance coverage.

Costs & Sign up Features

The National Bank of Canada World Elite® Mastercard® has an annual fee of $150 for the primary card. This fee is near the top end of what you see on premium card offerings in Canada where cards range from $119 to $165 per year. Additional cardholders can be added for $50 per year per card.

At the moment there is no welcome bonus available on this card.

Requirements for the card are to have $80,000 annual personal income or $150,000 annual household income.

Earning

The card earns À la carte rewards points as follows:

  • 5 points per dollar spent on grocery and restaurant purchases (until a total of $2,500 in gross monthly purchases is charged to the account regardless of the purchase category)
  • 2 points per dollar spent on grocery and restaurant purchases (after the $2,500 in gross monthly purchases)
  • 2 points per dollar spent on gas and electric vehicle charging purchases
  • 2 points per dollar spent on recurring bills
  • 2 points per dollar spent on travel purchases via À la carte Travel™ Agency
  • 1 point per dollar spent on all other purchases

Here is that drawback to this card that we mentioned at the start of the review. Unlike other cards that have spending caps specific to a category or high annual gross spending caps, National Bank does not. The $2,500 monthly cap is based on all your spending which means it will affect how you much you can earn at the 5x points level.

That is, if you go out and spend $500 for something that does not fall into groceries or dining – say a Costco visit, a car repair or anything like that, you will only be able to earn 5x points on the remaining $2,000 of spend that month. And this is if, and only if you spend that $2,000 on groceries and dining. The minute you start putting any other spending on the card within your first $2,500 each month you take away your ability to earn 5x points.

Have a big purchase you would like to make? Perhaps put a $5,000 deposit on a car? If you put that purchase on this card near the beginning of your monthly earn cycle you are saying good bye to any 5x points earning for the rest of that month.

Ideally with this card you do not want to put any spending on it other than groceries and dining until you have spent $2,500 in those categories in each monthly period. Once you have, then by all means, go nuts spending in all the other categories.


Recommended Reading:
Loyalty Lesson: The revamped National Bank World Elite Mastercard is good but….
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Point Valuation Chart

 

Spending Category Points earned per dollar spent Rate of return when booking travel with À la carte Travel™ Agency Rate of return when booking your own travel Rate of return Cash Back
Grocery & Restaurant 5 5% 4.17% to 4.55% 2%
Grocery & Restaurant (after $2,500) 2 2% 1.67% to 1.82% 0.8%
Gas, EV Charging, Recurring Bills 2 2% 1.67% to 1.82% 0.8%
À la carte Travel 2 2% 1.67% to 1.82% 0.8%
All other purchases 1 1% 0.83% to 0.91% 0.4%


Redeeming

There are multiple redemption options in the À la carte Rewards Plan and like most proprietary credit card programs these include travel, cash back, merchandise, gift cards and more.

Travel

Redeeming for travel is extremely straightforward with the À la carte Rewards Plan. To get the best value out of your points for all the purchases made on your card you must book your travel via the À la carte Travel™ Agency. Basically you book travel through them as if you were booking travel anywhere else and then you redeem points against the charge during the payment process for your travel. You can choose to redeem a partial amount or the full amount of points against the charge so it makes it quite flexible. The redemption rate is 10,000 points = $100 toward the travel booking.

For example, if you are purchasing $1,200 in flights and have 50,000 points you can redeem those points for a $500 credit and end up only paying $700 out of pocket for those flights. If you have 120,000 points (or more) you could redeem that exact amount so those flights are free!

With that 10,000 points to $100 ratio you are earning a 1% to 5% return for your spending on this card (see the point valuation chart above).

The next travel redemption option is being able to redeem points for any travel you book outside of the À la carte Travel™ Agency What this means is that you can book a flight directly with Air Canada, WestJet or any other airline, book any hotel, car rental, train, vacation package etc. and when that charge shows up on your account you can redeem your points against that charge. The redemption rates for this option are as follows:

  • If you redeem 55,000 or less points in one transaction you will receive a $100 credit for every 12,000 points redeemed
  • If you redeem 55,000 or more points in one transaction you will receive a $100 credit for every 11,000 points redeemed.

For the less than 55,000 points redemption this works out to a 0.83% to 4.16% return on your spending. Over 55,000 it works out to a 0.91% to 4.54% return.

Cash back

You can choose to redeem the points for cash back in the form of a statement credit towards your credit card balance. Like the majority of travel rewards card this option provides lower value than seen when redeeming points towards travel. National Bank publishes the following levels for this redemption option:

  • 6,250 points for a $25 credit
  • 12,500 points for a $50 credit
  • 25,000 points for a $100 credit
  • 125,000 points for a $500 credit
  • 250,000 points for a $1,000 credit

The conversion rate is the same across all levels at 0.4 cents per point. That means you are earning a 0.4% to 2% return for your spending on this card if you choose the cash back option (see the point valuation chart above). This is a relatively low value and while it is good to have this option with this card you can do better with other cards if you are primarily looking for cash back rewards.

Other redemption options

The rest of the redemption options from National Bank of Canada include gift cards, National Bank Investment products and merchandise.

Features and Benefits

The National Bank of Canada World Elite® Mastercard® provides some great benefits and additional features that complement the points earning side of things:

Up to $150 annual credit towards travel expenses

The card provides up to $150 each year in refunds for travel expenses on airport parking, seat selection, baggage fees, airline ticket upgrades and access to airport lounges worldwide. To receive the credits you simply submit your receipt(s) to National Bank of Canada for an approved travel expense that is charged to the card.

Unlimited access to the National Bank lounge at Montreal-Trudeau airport

The card provides free and unlimited access for the primary cardholder along with one guest to the National Bank Lounge® at Montréal-Trudeau airport. This is a great benefit for those people who travel internationally out of YUL as the lounge is in the International portion of the airport. If you primarily fly domestic or to the U.S. this benefit won't mean much to you.

World Elite Mastercard benefits
  • Airport Lounge Access The card also comes with Mastercard Travel Pass provided by DragonPass which is a standard feature found on all World Elite Mastercards in Canada. This means you get free membership in the lounge access program that is pretty much the same as Priority Pass. While the card covers your annual membership it does not cover the actual lounge visit fees which are currently US$32 per person (except for the National Bank Lounge)
  • Boingo Wi-Fi Boingo Wi-Fi for Mastercard Cardholders provides access to more than 1 million premium Wi-Fi hotspots worldwide at no charge. This also covers Wi-Fi on several airlines including WestJet. As of March 9, 2023 members are limited to twelve 90 minute in-flight sessions per year.

Insurance

The National Bank of Canada World Elite® Mastercard® provides excellent insurance coverage and is in fact one of the best that amongst all its direct competitors. The coverage is as follows:

  • Out of Province/Country Emergency Medical Insurance (60 days for ages up to 54, 31 days for 55-64 and 15 days for 65-75)
  • Trip Cancellation Insurance
  • Trip Interruption Insurance
  • Flight Delay Insurance
  • Baggage Delay Insurance
  • Lost or Stolen Baggage Insurance
  • Car Rental Theft and Damage Insurance (up to $65,000 MSRP)
  • Purchase Protection Plan
  • Buyer’s Assurance Protection Plan
  • Mobile Device Insurance

What is notable about National Bank of Canada's coverage is that it covers reward tickets from other loyalty programs*. Typically, most credit card insurance coverage will only cover travel that is redeemed for with that issuer's own proprietary program. Not so with this card. For example, you can redeem Aeroplan points for a flight and as long as you pay the taxes and fees with the National Bank World Elite Mastercard you'll receive the insurance coverage. We do want to note this is specific to certain coverages such as trip cancellation trip interruption flight delay, lost baggage (not delayed baggage however) etc.

* It will cover the dollar amount charged to your card for the taxes and fees that is not refunded to you by the loyalty program if you cancel your flights, hotel etc. It will not refund or return the points or miles you redeem. When you do cancel, most (but not all) loyalty programs will refund the points or miles you redeemed based on the program's own cancellation policies.

In terms of other coverage such as flight delay you would simply submit your reasonable expenses as if you would if you used the card for a revenue flight.





What is good about this card

The 5x points can be great but only if you know that you will strictly use this card for groceries and dining for the first $2,500 of spending each statement period.

The $150 of annual travel refunds are another good thing about this card. If you can use these credits up they pay for the card's annual fee each year. Another good benefit is the lounge access if Montreal is your home airport (or one you transit frequently) and you travel internationally from YUL.

The insurance coverage is really good. With 60 days out of province emergency medical coverage for those 54 and under and providing a variety of coverage for reward tickets from other programs this card is an insurance star!

Being a Mastercard you can count on the card being accepted almost everywhere including Costco warehouses in Canada!

What is not so good about this card

The $2,500 cap for 5x points earning being based on all spend on the card. It makes it really easy to not be able to earn 5x points if this card is your daily driver and being used for purchases other than groceries and restaurants. I mean it's not bad to still be able to earn 2 points on those categories after the fact but why you would when you can earn more on other cards. For example, you have the MBNA Rewards World Elite Mastercard which is the highest earning Mastercard in Canada for groceries and restaurants (not the National Bank card as proclaimed by other sites) The MBNA card offers 5 points per dollar (5.5 with the birthday bonus) on $50,000 of spending annually which means you can earn a lot more points with 5% to 5.5% value towards travel.

To get the best value you have to book through the À la carte travel agency which makes the card is a little less flexible than other cards in this category, including two other 5x points cards. Those others allow you to book travel with whomever you want and still get the full value of your points when you redeem against the charge. This lets the holders of those cards shop around for the best deals in travel and while you can do that with the National Bank card you lose value compared to redeeming via the À la carte travel agency. An example of this would be buying tickets to take the train from Tokyo to Nagasaki when you are already in Japan on vacation, with those other cards you can just buy the tickets and then redeem points against that charge when you get home from vacation and still receive the full value of those points.

Common carrier travel accident insurance is noticeably absent on this card. I can't tell you why it isn't provided since it is one of the most common types of coverage that you will find even on no fee travel cards. Granted, it is quite possibly the least utilized of all insurance coverages as it is pays out if you are injured or killed as the result of an accident involving a plane, train, boat or bus that you are travelling on. All of which are very rare in this day and age.

And while not a deal breaker, the card's CDW insurance coverage only covers cars up to a C$65,000 MSRP - which is actually quite common for World Elite Mastercards. However, there are some other World Elite cards, plus many Visa cards and almost all Amex cards cover rental cars up to $85,000. So while this isn't bad per se, it's just something to be aware of when using this card to pay for car rentals. You may have to decline an upgrade to a really nice car or pay for the rental company's insurance coverage.

Who should get this card

  • Consumers who know they will only use the card for grocery and dining purchases
  • Consumers who have enough travel expenses so that you can utilize the annual $150 in travel expense credits
  • Consumers who want excellent insurance coverage including coverage of reward travel from other loyalty programs
  • Consumers who fly internationally out Montreal Trudeau Airport to make use of the free access to the National Bank Lounge.

Conclusion

If you are researching this card on multiple sites and reading other reviews you'll see high praise of this card's 5x points earning (and why not - it is 5x points afterall) but they don't take the time to explain the gross monthly spending cap in detail. Don't get me wrong, this card is a really good card that verges on being great. However, unlike the other sites, Rewards Canada wants you to know what you are getting into with this card and that there are no surprises when you find out you aren't earning $2,500 worth of 5x points each and every month on it.

Outside of the convoluted points earning system you have a card with annual travel credits that can pay for the card itself, decent points earning overall (even with the $2,500 monthly cap) and most importantly this card is one of the best when it comes to insurance coverage. In other words, much like the wording we use for some select other cards, the National Bank of Canada World Elite® Mastercard® is well rounded, it gives you a little bit of everything that you would want in a travel rewards credit card.

Latest card details:


National Bank of Canada World Elite Mastercard

National Bank of Canada World Elite® Mastercard®

No welcome bonus offer at this time.

Annual Fee: $150 Primary Card (Waived in first year) | $50 Secondary Card | Interest Rate: Purchases 20.99% Cash Advances 22.49% | $80,000 personal or $150,000 household annual income



Terms & Conditions apply





    • Earn up to 5 points per dollar in eligible grocery and restaurant purchases*
    • 2 points per dollar in eligible gas and electric vehicle charging purchases, recurring bill payments and À la carte travel purchases*
    • 1 point per 1 dollar in other purchases

    • Up to $150 each year in refund for travel expenses on airport parking, seat selection, check-in fees, airline ticket upgrades and access to airport lounges worldwide
    • Free and unlimited access along with one (1) guest to the National Bank Bank World MasterCard™ Lounge at Montréal-Trudeau airport.
    • Reassuring protection. Travel with peace of mind thanks to our comprehensive insurance coverage up to 60 days
    • Out-of-province-of-residence medical/hospital insurance, Departure flight delay insurance, Baggage insurance in case of delay, Baggages insurance in case of theft or loss, Vehicule rental insurance
    • Mobile devices insurance against theft or damages for a period of up to 2 years
    • Purchase protection in case of theft or damage* and extended warranty
    • National Bank ranks #1 among credit card issuers for Customer Experience according to the Forrester CX Index.

  • Click here to apply for National Bank of Canada World Elite Mastercard


Disclaimer

Credit terms

Grace period: No interest will be charged on purchases made during the month, provided the client pays the balance in full within twenty-one (21) days of the statement date. This grace period does not apply to cash advances or balance transfers. Minimum payment: If your account balance is lower than $10, you must pay the entire balance. If you reside in the province of Quebec, your minimum payment will correspond to 5% of the credit card account balance plus any overdue payment or $10, whichever amount is higher. If you reside outside of Quebec, your minimum payment represents 2.5% of the credit card account balance plus any overdue payment or $10, whichever amount is higher. Account statement: A statement is sent monthly.

Example of credit charges over a 30-day period

Annual interest rate 

Average balance 

 

$500 

$3,000 

22.49% 

$9.24 

$55.45 

20.99% 

$8.63 

$51.76 

12.90% 

$5.30 

$31.81 

8.9% 

$3.66 

$21.95 

Details of eligible rewards points

Certain restrictions apply.

For more information, consult the Rewards plan section or the Plan rules regarding how to earn points. The amount of points earned on grocery and restaurant purchases depends on the total gross monthly amount charged to the credit card account, regardless of the purchase category. You will earn 5 points for every dollar in eligible grocery and restaurant purchases until a total of $2,500 in gross monthly purchases is charged to the account. After that, you will earn 2 points per dollar in eligible grocery and restaurant purchases. The total gross monthly amount is calculated based on your monthly billing period. Grocery purchases include any purchase made at a store that primarily sells food, i.e., grocery store, delicatessen, supermarket, greengrocer or specialty food store. Ready-to-eat meal services and meal delivery services are eligible. This definition excludes purchases made at retail stores and big box stores whose core business is the sale of non-food items. Certain merchants may sell products and services that appear identical or similar to those sold by eligible merchants, or may be separate merchants located on the same premises as eligible merchants, but are classified in different categories by Mastercard. For purchases at other merchants, you will only earn regular rewards points. Restaurant purchases include purchases at a restaurant, fast food restaurant, bar, nightclub or pub. For a full list of Mastercard codes associated with eligible merchants, download the terms and conditions of the À la carte Rewards Plan®.

To earn 2 points per dollar in purchases, you will need to purchase gas or an electrical vehicle charge from a service station or from certain big-box stores. Certain merchants may sell products and services that appear identical or similar to those sold by eligible merchants, or may be separate merchants located on the same premises as eligible merchants, but are classified in different categories by Mastercard. For purchases at other merchants, you will only earn regular rewards points. For a full list of Mastercard codes associated with eligible merchants, download the terms and conditions of the À la carte Rewards Plan®.

Recurring bill payments are defined as monthly or regular payments automatically charged by a merchant to your National Bank World Elite Mastercard credit card. Not all merchants offer recurring bill payments, and not all recurring payments are considered recurring bill payments. Certain payments therefore may not entitle you to earn more points.

To earn 2 points per dollar in purchases, you must make your eligible purchases via the À la carte TravelTM Agency section of our À la carte RewardsTM site.

For example, if each month you charge $400 in groceries, $200 in gas, $100 in recurring bill payments and $150 in other purchases to your card, your $850 in purchases will earn you 2,750 points, as follows: 2,000 points for grocery purchases (since the total gross monthly amount is $850, i.e., under $2,500), 400 points for gas purchases, 200 points for recurring bill payments and 150 points for other purchases.

National Bank Lounge conditions

Exclusively available to World Elite Mastercard cardholders. Visitors must present their physical credit card and boarding pass to access the National Bank Lounge. The National Bank Lounge is only available to clients travelling to international destinations (excluding Canada and U.S. flights). Guests cannot spend more than three (3) hours in the Lounge. For National Bank clients who do not have free Lounge access and for additional guests, admission is around $37 for adults and $26 for children, plus tax. Admission is free for children under three years old. The entry price may change at any time without notice and at the discretion of the Lounge operator.

Travel and health insurance conditions

Clients must submit required documents within the given deadline. Certain conditions may apply. Only the primary cardholder (“Cardholder”) of National Bank World Elite Mastercard whose account is in good standing can request a refund of travel expenses. An account in good standing refers to an account linked to a credit card which complies with the Agreement governing the use of the credit card and which is not subject to any restrictions. For example, the annual fees related to the credit card must have been paid in full. The maximum amount that can be submitted for reimbursement between January 1 and December 31 of each year is $150.

Eligible expenses include:

  • airport parking fees
  • baggage fees
  • seat selection fees
  • access to airport lounges worldwide
  • airline ticket upgrades

The claim must be submitted within 60 days of the purchase date and accompanied by proof of purchase. The travel fees must be charged to the National Bank World Elite Mastercard credit card. The maximum reimbursement amount is $150 per account. The refund will be issued within 7 business days following the request approval date and after receiving all required information. An amount not claimed in a year cannot be carried over to the following year. For more information or to obtain the refund form, sign in to rewards.nbc.ca, click the Refund of travel expenses tab and complete the form, you can also contact us at 1-888-296-8881 (toll-free).

This coverage applies to purchases and rentals charged in part to the card, except out-of-province medical/hospital insurance for which the travel arrangements need not be charged to the card and lost or delayed luggage insurance where all transportation costs must be charged to the card. This coverage applies to the primary cardholder, their spouse and/or dependent children when they (spouse and/or dependent children) travel with the primary cardholder. Extended warranty coverage applies to most new items purchased with the card, in Canada or abroad, as long as the manufacturer's warranty is valid in Canada. Certain conditions and restrictions apply. For more information and for details of your insurance coverage, please consult the insurance certificate associated with your card.

Mobile devices protection:

Up to $1,000 in the event of breakage, loss or theft for a maximum of 2 years after the purchase date. The device must have been purchased using your National Bank World Elite Mastercard credit card, or your phone plan must be paid via recurring payments charged to your National Bank World Elite credit card starting September 1, 2022. For complete terms and conditions, please consult the insurance certificate associated with your card.



Other cards to consider if you are looking at this card:

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Legal Disclaimers:

Credit terms

Grace period: No interest will be charged on purchases made during the month, provided the client pays the balance in full within twenty-one (21) days of the statement date. This grace period does not apply to cash advances or balance transfers. Minimum payment: If your account balance is lower than $10, you must pay the entire balance. If you reside in the province of Quebec, your minimum payment will correspond to 5% of the credit card account balance plus any overdue payment or $10, whichever amount is higher. If you reside outside of Quebec, your minimum payment represents 2.5% of the credit card account balance plus any overdue payment or $10, whichever amount is higher. Account statement: A statement is sent monthly.

Example of credit charges over a 30-day period

Annual interest rate 

Average balance 

 

$500 

$3,000 

22.49% 

$9.24 

$55.45 

20.99% 

$8.63 

$51.76 

12.90% 

$5.30 

$31.81 

8.9% 

$3.66 

$21.95 

Details of eligible rewards points

Certain restrictions apply.

For more information, consult the Rewards plan section or the Plan rules regarding how to earn points. The amount of points earned on grocery and restaurant purchases depends on the total gross monthly amount charged to the credit card account, regardless of the purchase category. You will earn 5 points for every dollar in eligible grocery and restaurant purchases until a total of $2,500 in gross monthly purchases is charged to the account. After that, you will earn 2 points per dollar in eligible grocery and restaurant purchases. The total gross monthly amount is calculated based on your monthly billing period. Grocery purchases include any purchase made at a store that primarily sells food, i.e., grocery store, delicatessen, supermarket, greengrocer or specialty food store. Ready-to-eat meal services and meal delivery services are eligible. This definition excludes purchases made at retail stores and big box stores whose core business is the sale of non-food items. Certain merchants may sell products and services that appear identical or similar to those sold by eligible merchants, or may be separate merchants located on the same premises as eligible merchants, but are classified in different categories by Mastercard. For purchases at other merchants, you will only earn regular rewards points. Restaurant purchases include purchases at a restaurant, fast food restaurant, bar, nightclub or pub. For a full list of Mastercard codes associated with eligible merchants, download the terms and conditions of the À la carte Rewards Plan®.

To earn 2 points per dollar in purchases, you will need to purchase gas or an electrical vehicle charge from a service station or from certain big-box stores. Certain merchants may sell products and services that appear identical or similar to those sold by eligible merchants, or may be separate merchants located on the same premises as eligible merchants, but are classified in different categories by Mastercard. For purchases at other merchants, you will only earn regular rewards points. For a full list of Mastercard codes associated with eligible merchants, download the terms and conditions of the À la carte Rewards Plan®.

Recurring bill payments are defined as monthly or regular payments automatically charged by a merchant to your National Bank World Elite Mastercard credit card. Not all merchants offer recurring bill payments, and not all recurring payments are considered recurring bill payments. Certain payments therefore may not entitle you to earn more points.

To earn 2 points per dollar in purchases, you must make your eligible purchases via the À la carte TravelTM Agency section of our À la carte RewardsTM site.

For example, if each month you charge $400 in groceries, $200 in gas, $100 in recurring bill payments and $150 in other purchases to your card, your $850 in purchases will earn you 2,750 points, as follows: 2,000 points for grocery purchases (since the total gross monthly amount is $850, i.e., under $2,500), 400 points for gas purchases, 200 points for recurring bill payments and 150 points for other purchases.

National Bank Lounge conditions

Exclusively available to World Elite Mastercard cardholders. Visitors must present their physical credit card and boarding pass to access the National Bank Lounge. The National Bank Lounge is only available to clients travelling to international destinations (excluding Canada and U.S. flights). Guests cannot spend more than three (3) hours in the Lounge. For National Bank clients who do not have free Lounge access and for additional guests, admission is around $37 for adults and $26 for children, plus tax. Admission is free for children under three years old. The entry price may change at any time without notice and at the discretion of the Lounge operator.

Travel and health insurance conditions

Clients must submit required documents within the given deadline. Certain conditions may apply. Only the primary cardholder (“Cardholder”) of National Bank World Elite Mastercard whose account is in good standing can request a refund of travel expenses. An account in good standing refers to an account linked to a credit card which complies with the Agreement governing the use of the credit card and which is not subject to any restrictions. For example, the annual fees related to the credit card must have been paid in full. The maximum amount that can be submitted for reimbursement between January 1 and December 31 of each year is $150.

Eligible expenses include:

  • airport parking fees
  • baggage fees
  • seat selection fees
  • access to airport lounges worldwide
  • airline ticket upgrades

The claim must be submitted within 60 days of the purchase date and accompanied by proof of purchase. The travel fees must be charged to the National Bank World Elite Mastercard credit card. The maximum reimbursement amount is $150 per account. The refund will be issued within 7 business days following the request approval date and after receiving all required information. An amount not claimed in a year cannot be carried over to the following year. For more information or to obtain the refund form, sign in to rewards.nbc.ca, click the Refund of travel expenses tab and complete the form, you can also contact us at 1-888-296-8881 (toll-free).

This coverage applies to purchases and rentals charged in part to the card, except out-of-province medical/hospital insurance for which the travel arrangements need not be charged to the card and lost or delayed luggage insurance where all transportation costs must be charged to the card. This coverage applies to the primary cardholder, their spouse and/or dependent children when they (spouse and/or dependent children) travel with the primary cardholder. Extended warranty coverage applies to most new items purchased with the card, in Canada or abroad, as long as the manufacturer's warranty is valid in Canada. Certain conditions and restrictions apply. For more information and for details of your insurance coverage, please consult the insurance certificate associated with your card.

Mobile devices protection:

Up to $1,000 in the event of breakage, loss or theft for a maximum of 2 years after the purchase date. The device must have been purchased using your National Bank World Elite Mastercard credit card, or your phone plan must be paid via recurring payments charged to your National Bank World Elite credit card starting September 1, 2022. For complete terms and conditions, please consult the insurance certificate associated with your card.



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