National Bank World Elite MASTERCARD Consumer Reviews

National Bank World Elite Mastercard is a high-end card from National Bank that has an annual fee of $150. It comes with an extensive array of rewards and benefits. This card features a comprehensive travel insurance package. Several travel insurance features go above and beyond what most Canadian cards have to offer. 

Several insurance features that make it stand out are:

1. Solid Trip Interruption coverage of $5,000


2. Travel Medical Insurance with maximal coverage of $5,000,000 covers insured persons aged 54 and under for 60-days trips and those aged 55-64 - for 31 days trips. Even those aged 65 to 75 can enjoy 15-day-long coverage. That is a longer Travel Medical Insurance coverage than most other Canadian credit cards.


3. Also, the presence of Trip Cancellation Insurance is great though it could offer slightly higher coverage. The maximum coverage today is up to $2,500 per insured person.

 

As for travel insurance weaknesses - this card does not have many of them:

1. Travel Medical Insurance does not cover people aged 76 or older. But that is very common for most cards. In fact, many of them have seniors age cut off at 65 years.


2. No Burglary Insurance protection and no Common Carrier Accident coverage

 

This card has many other useful projection elements for travellers such as Rental Car Insurance, Flight Delay coverage of $500 per person (based on 4 hours delay), Baggage Loss and Delay protection.

Summarizing that all together, National Bank World Elite Master Card is a great card for Canadian travellers offers protection that is more extensive than many other credit cards today.

About the Authour: Alex is an InsurEye team member who is heavily focused on credit cards and the assessment of travel insurance features. He has extensive knowledge of most Canadian credit cards including main banks, credit unions, and other financial services organizations. His insights have been featured in such Canadian media outlets as Globe and Mail, Money Sense, Toronto Star, and many others.