Editorial Note: DollarWise may earn a commission on sales made from partner links on this page.

Performance test results

At DollarWise, for each credit card we test 7 different factors including the rewards, value for money, perks, insurance, strengths and weaknesses of the card.

You can see our full testing methodology here to learn why we're the most trusted source for credit card reviews.

The {{card.name}} has earned a {{ranking}} DollarWise Rating out of 5. This score is based on a weighted average of the two highest scoring factors (excluding acceptance and approval).

The highest scoring categories for the {{card.name}} are {{score_1}} and {{score_2}}.

These factors are weighted 70% to the highest scoring factor and 30% to the second highest score to get an overall review score.

This weighting allows us to judge cards on their merits and the customers they are designed for.

For the {{card.name}} the most important factors for scoring this card are its {{score_1}} and {{score_2}}.

Rewards

With the {{card.name}}, here's the rates at which you earn rewards for different spending categories per dollar you spend:

Calculating your annual rewards

We estimate that spending {{monthlyspend}} per month with the {{card.name}} would earn {{card.rewards}} in rewards over the year.

Our performance testing research uses an accurate estimation of the average Canadian households spending patterns to predict the rewards a card will earn.

We found that you'd earn this per category:

Our study investigating the value found that each dollar spent on the {{card.name}} is worth up to {{card.max_reward}}, depending on how you redeem.

This {{card.rewards}} in rewards value puts the {{card.name}} in the {{decile.annual_rewards}} of credit cards in Canada based on rewards earned.

The average credit card in our database earns {{averages.mean_annual_rewards}} in rewards for the same spend that the {{card.name}} earns {{card.rewards}} in rewards value.

We can compare this card to other options by looking at the earn rate by category.

This earn rate is the percentage return that you would get when you spend on this card, assuming you redeem at the predicted maximum value.

For example, if a card earned 5 points per dollar on gas and each point is worth up to $0.02, then the earn rate is 5 points multiplied by $0.02 each, divided by the dollar you spent.

In this example, that's a 10% earn rate on gas.

For an annual spend of {{annualspend}}, we estimated annual rewards value at up to {{total_net_rewards}}.

That's equivalent to a {{total_earn_rate}} return on spending.

The {{card.name}} has an annual fee of {{card.annualFee}}. After deducting this, we predicted net annual rewards of {{net_after_fee}}.

This puts it in the {{decile.net_annual_rewards}} of credit cards for net rewards after fees.

In comparison, the average card earns net annual rewards of {{averages.mean_net_annual_rewards}}.

Fees

The {{card.name}} has a {{card.annualFee}} annual fee.

The average card charges {{averages.mean_annual_fee}}. So, the {{card.name}} is in the {{decile.annual_fee}} of cards based on the cost of the annual fee.

Perks

We manually review the perks of each credit card to determine how they compare to other cards.

The {{card.name}} scored a {{factor_score_perks}} out of 5 for perks, putting it in the {{decile.factor_score_perks}} of cards.

The average card scores {{averages.mean_factor_score_perks}} out of 5 for perks.

Interest Rates

The average (median) credit card has a purchase interest rate of {{averages.median_purchase_interest_rate}} and so the {{card.name}} charges {{purchase_interest_diff}} than the average.

For cash advances it costs {{cash_advance_interest_rate}}% compared to the average of {{averages.mean_cash_advance_interest_rate}}.

Testing the {{card.name}} with a $2,000 starting balance, you can see in the graph how the {{purchase_interest_diff}} in interest rates impacts the interest over a year, compared to the average card.

Insurance coverage

We scored it {{factor_score_insurance}} out of 5 for insurance.

It offers {{insurance_count}} types of insurance, whereas the average card has {{averages.insurance_count}} types of coverage.

Approval and qualifying

We scored it {{factor_score_approval}} out of 5 for approval.

We predict that you will require a credit score of at least {{credit_score_low}} to qualify for the {{card.name}}, while the average card requires {{averages.mean_credit_score_low}} to qualify.

This puts it in the top {{decile.credit_score_low}} of cards by approval difficulty.

The personal income requirements are {{personal_income}}, while the average card requires {{averages.mean_personal_income}}.

This puts it in the {{decile.personal_income}} of cards by the income required to qualify.

The National Bank World MasterCard is a versatile and valuable credit card for users looking to maximize their earning potential across various spending categories. In this review, we will discuss the card’s numerous benefits, as well as highlight two notable drawbacks, and provide other relevant information for prospective users.

Earning potential with the card

The National Bank World MasterCard offers reward points that can be used towards a variety of redemption options, including travel, merchandise, gift cards, and more. Cardholders will earn 2 points per dollar spent on travel, dining, and entertainment purchases.

Additionally, users will receive 1.5 points per dollar spent on gas, grocery, and pharmacy purchases, and 1 point per dollar spent on all other purchases. This flexible reward system allows cardholders to optimize their reward-earning opportunities based on their individual spending habits.

Benefits

1. Comprehensive Insurance Coverage: The first major advantage of the National Bank World MasterCard is its comprehensive insurance coverage. Cardholders enjoy a wide range of protection features, such as travel medical insurance, trip cancellation and interruption insurance, baggage loss or delay insurance, car rental insurance, and extended warranty and purchase protection.
   
   This comprehensive coverage offers peace of mind for cardholders while traveling or making major purchases.





2. Airport Lounge Access via LoungeKey Program: The second major advantage of this credit card is the included access to airport lounges through the MasterCard Airport Experiences provided by LoungeKey program.
   
   Cardholders can enjoy a more relaxing and comfortable travel experience with complimentary access to over 1,000 airport lounges worldwide by paying a reduced-price fee per visit.





3. Accelerated Reward Point Earnings: The third major advantage of the National Bank World MasterCard is the potential for accelerated reward point earnings through the À La Carte Rewards Plan.
   
   Cardholders can take advantage of exclusive promotions and offers to earn bonus points on select purchases, enabling them to accumulate points more quickly for faster redemptions.





4. Easy Point Redemption: The fourth major advantage of this credit card is the ease of point redemption. With a user-friendly online platform, cardholders can easily redeem their points for travel, merchandise, gift cards, or even statement credits. This flexibility ensures that all users can find value in their reward points, regardless of their preferred redemption options.

Drawbacks

1. High Annual Fee: A significant drawback of the National Bank World MasterCard is the relatively high annual fee of $150. While this cost is partially offset by the card’s various benefits and rewards, it may be prohibitive for some users who may not maximize the card’s full potential.





2. High Income Requirement: Another drawback of this credit card is the requirement for a minimum annual income of $60,000 (individual) or $100,000 (household) for eligibility. This income benchmark may exclude some potential cardholders who would otherwise benefit from the card’s features.

Additional information

In conclusion, the National Bank World MasterCard offers a diverse range of benefits that can provide considerable value for eligible cardholders. While the relatively high annual fee and minimum income requirement may be drawbacks for some, those who fully utilize the card’s rewards and benefits will likely find it a worthwhile option.

Not the right fit? You could consider the National Bank ECHO Cashback Mastercard. Or, if you’re looking for other options check out the National Bank Platinum MasterCard, and the National Bank Syncro MasterCard.

FAQ

Key benefits

• Earn 2.5 points for each $1 spent on travel, dining, and entertainment





• Earn 1 point for each $1 spent on other eligible purchases





• Redeem points for statement credits, gift cards, or directly through National Bank’s À la carte Rewards Travel Agency





• 1.5% cash back on foreign currency purchases without incurring conversion fees





• Access to 24/7 fraud alert services





• Mobile payment capability through Apple Pay, Google Pay, and Samsung Pay





• Emergency health care coverage up to $5 million during the first 15 days of a trip





• Trip cancellation and interruption insurance





• Auto rental collision and loss damage coverage





• Baggage delay and lost baggage protection





• Extended warranty on purchases plus purchase protection for 90 days after date of transaction





• Customer service available through phone, email, or chat support