Thursday, May 28, 2015

National Bank: FYF and 20000 points with World MasterCard


Deal Link: https://www.nbc.ca/en/personal/credit-cards/mastercard-credit-cards/promotions-and-news.html
Expiry: July 12, 2015

Sign up for the National Bank World MasterCard by Jul 12, you can get 20,000 points (11000 points = $100 travel expense, or 10000 points = $100 travel expense if redeem more than 50000 points) and no annual fees for the first year (savings of $125). So, after receiving the card, you need to spend at least $1333.33 to get enough points to redeem $200. The rewards plan (from the date at which the card was opened) is as follows:
  • $0 to $20,000: 1.5 points per dollar in purchases
  • $20,001 to $30,000: 2 points per dollar in purchases 
  • $30,001 and more: 1.5 points per dollar in purchases

Some benefits of this card:
  • A comprehensive insurance program (this card provides the best out-of-province-medical/hospital insurance in Canada)
  • Access the National Bank World MasterCard lounge at Montreal-Trudeau airport (with a guest, unlimited)
  • 180-day purchase insurance (usually 90-day from other credit cards)
  • Extended warranty that triples the original warranty period up to a maximum of two additional years (one more year than most of other credit cards)

As I mentioned, this card provides the best out-of-province-medical/hospital insurance in Canada (up to $5,000,000 per person):
  • 54 and under: 60 days
  • 55 to 64: 31 days
  • 65 to 74: 15 days

If you are qualified (minimum gross annual income > $60,000), I highly recommend this card to you, especially with this FYF offer. Note: This card lacks the common carrier travel accident insurance package.