This week has seen the return of limited time increased welcome bonuses on several cards from National Bank of Canada. The offer provides 20,000 bonus points and no annual fee in the first year when you spend $3,000 in the first three months on either the Platinum, World or World Elite Mastercard. With National Bank's A la carte rewards those 20,000 points are worth up to $200 towards travel and the first year annual fee savings ranges from $89 to $150 depending on which card you get. On top of this, if you get the World Elite Mastercard you can enjoy a refund of up to $250 per year on seat selection, airport parking and baggage fees.
Here are the details on the three cards :
National Bank of Canada World Elite Mastercard
Annual Fee $150 Additional Cards: $50
(Waived in the first year when you apply by May 31, 2022)
Annual interest rate 20.99% on purchases and 22.49% on funds advances
$80,000 personal or $150,000 household annual income
Limited time welcome offer: 20,000 Rewards Points when you spend $3,000 on your card in the first three months and a savings on the annual fee in the first year. Offer valid until May 31, 2022
• Earn up to 2 points on ALL card purchases without restrictions!
- $0 to $40 000 = 1.5 points per dollar in purchases
- $40 001 to $80 000 = 2 points per dollar in purchases
- $80 001 and more = 1.5 points per dollar in purchases
• A refund of up to $250 per year on seat selection, airport parking and baggage fees
• Unlimited access to the National Bank VIP Lounge at Montreal-Trudeau for you and a guest
• Travel rewards you can benefit from during your next trip abroad or for your vacation closer to home, for example for a car rental
• Your points can be exchanged towards a wide range of articles and gift-cards, a payment on your credit card balance or a donation to a good cause
• Purchase protection such as purchase insurance, extended warranty on your purchases and fraud protection
• National Bank ranks #1 among credit card issuers for Customer Experience according to the Forrester CX Index
Click here to learn more or apply for the National Bank of Canada World Elite Mastercard
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National Bank of Canada World Mastercard
Annual Fee $115 Additional Cards: $35
(Waived in the first year when you apply by May 31, 2022)
Annual interest rate 20.99% on purchases and 22.49% on funds advances
$60,000 personal or $100,000 household annual income
Limited time welcome offer: 20,000 Rewards Points when you spend $3,000 on your card in the first three months and a savings on the annual fee in the first year. Offer valid until May 31, 2022
• Earn up to 2 points on ALL card purchases without restrictions!
- $0 to $40 000 = 1.25 points per dollar in purchases
- $40 001 to $80 000 = 2 points per dollar in purchases
- $80 001 and more = 1.25 points per dollar in purchases
• Travel rewards you can benefit from during your next trip abroad or for your vacation closer to home, for example for a car rental
• Your points can be exchanged towards a wide range of articles and gift-cards, a payment on your credit card balance or a donation to a good cause
• Purchase protection such as purchase insurance, extended warranty on your purchases and fraud protection
• National Bank ranks #1 among credit card issuers for Customer Experience according to the Forrester CX Index
Click here to learn more or apply for the National Bank of Canada World Mastercard
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National Bank of Canada Platinum Mastercard
Annual Fee $89 Additional Cards: $35
(Waived in the first year when you apply by May 31, 2022)
Annual interest rate 20.99% on purchases and 22.49% on funds advances
No minimum annual income requirement
Limited time welcome offer: 20,000 Rewards Points when you spend $3,000 on your card in the first three months and a savings on the annual fee in the first year. Offer valid until May 31, 2022
• Earn 1 point on ALL card purchases without restrictions!
• Travel rewards you can benefit from during your next trip abroad or for your vacation closer to home, for example for a car rental
• Your points can be exchanged towards a wide range of articles and gift-cards, a payment on your credit card balance or a donation to a good cause
• Purchase protection such as purchase insurance, extended warranty on your purchases and fraud protection
• National Bank ranks #1 among credit card issuers for Customer Experience according to the Forrester CX Index
Click here to learn more or apply for the National Bank of Canada Platinum Mastercard
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For those of you who may not be familiar with National Bank of Canada A la carte rewards they give various redemption options from travel to merchandise to gift cards and more. On the travel side you have two options, you can redeem your points via the A la carte travel agency or you can take the most flexible option and book your travel with anyone you like and then redeem points against that charge once it shows up on your statement. You have up to 60 days after that charge posts to redeem points against it.
With the 20,000 point welcome bonus if you choose to redeem it for travel via the A la carte travel agency you'll get $200 in value and a bit less when you redeem for travel that you may book yourself. For those self non A la carte travel bookings you can redeem 12,000 points for a $100 credit or if you redeem 55,000 or more points in one shot the exchange rate becomes 11,000 points for a $100 credit. Depending on how you redeem with this option those 20,000 points are worth between $166.67 and $181.82. As you can see the incentive is to book with NBC's travel agency but it is nice to have the option to also complete your own bookings.
Wrapping it up
Canada's sixth largest bank just came out with an increased welcome bonus offer on their primary travel rewards credit cards of 20,000 points when you spend $3,000 in the first three months. On top of that they are waiving the first year annual fee which is nice for those who have not considered National Bank before but want to give them a go right now. Not to mention, many of these card's competitors are offering first year annual fee rebates or waivers as well. I must say though when you do compare to this the competitors the 20,000 point bonus is on the lower end so be sure to do your research!
Click here to see these and other National Bank of Canada credit card offers.