That’s pretty good for a $150 annual fee card. (This card has an interest rate of 20.99% on purchases and 22.49% on cash advances and balance transfers.) Don’t bother to pull out your calculator – we’ve done the math for you in this explanation, so everything, what you need to do Think about how you spend those points.
Welcome bonus: 30,000 points
Receive 30,000 bonus reward points initially when you charge your card for a net purchase of $5,000 within the first three months of opening your account. Net purchases are billed purchases less all returned items and refunds, and do not include annual fees, interest charges, balance transfers, cash advances, or other account fees.
Also, $5,000 spent over a three-month period would equate to approximately $1,666 in net purchases per month. When you reach this mark, your 30,000 reward points will be credited to your account; they will appear on your account statement no later than five months after opening your account.
Credit card payment insurance: 10,000 points
Credit card payment insurance gives you peace of mind by protecting you against loss of income due to circumstances such as job loss, disability, serious illness or an initial cancer diagnosis. While terms depend on the insurance you choose, this coverage generally continues to pay your credit card bills — either the minimum payments or a lump sum — to help you manage your debt. The insurance premium also depends on the coverage amount.
When you open your account, you can opt into credit card payment insurance for a minimum of three months to receive 10,000 reward points. (They will appear on your bank statement no later than five months after opening your account.) When you apply for the card, you will see this option on the form.
First Year Anniversary: 30,000 points
If you charge your card with a net purchase amount of USD 12,000 within 12 months of opening your account, you will receive a bonus of 30,000 points. (They will be added to your account on the second billing after your first anniversary.)
Reward Points: Up to 30,000 points
Earn points with every purchase when you use the National Bank World Elite Mastercard credit card:
- 5 points per $1 spent in restaurants and groceries (up to the first $2,500 in monthly gross purchases charged to account, regardless of purchase category, and then earn 2 points per $1 spent)
- 2 points per $1 spent on gas and electric vehicle (EV) charging, recurring bill payments, and the National Bank of Canada’s a la carte travel agency service (and there is no monthly cap for these categories)
- 1 point for every $1 spent on everything else.
With these types of points opportunities, there are numerous ways to earn 30,000 points in a year, but generally you need to earn around 2,500 points per month. Here’s an example of what that might look like.