Compare the best National Bank credit cards available to Canadians in 2026 and discover which options align with your spending patterns and financial goals.
To see how National Bank compares beyond its own lineup, its World Elite card also tops our best travel credit cards ranking.
National Bank of Canada offers a focused lineup of Mastercard credit cards designed for both everyday rewards and premium travel benefits. Whether you’re looking to maximize points on groceries and dining, access comprehensive travel insurance, or earn straightforward cash back, National Bank provides options across different fee structures and income requirements. This guide examines the current offerings, welcome bonuses, earning structures, and key benefits to help you identify the card that delivers the most value for your spending habits.
National Bank Card Lineup Overview
National Bank structures its credit card offerings into two primary categories: travel rewards cards that earn À la carte Rewards points, and cash back cards that provide statement credits. The travel rewards portfolio includes three tiers with varying income requirements and benefit packages, while the cash back options focus on simplicity and accessibility. Each card uses the Mastercard network, ensuring broad merchant acceptance across Canada and internationally.
The travel rewards cards differ primarily in their earning potential, welcome bonus structures, insurance coverage limits, and premium perks like airport lounge access. Understanding these distinctions helps match the right card to your annual spending levels and travel frequency. Cash back options provide more straightforward value propositions, with rewards automatically applied to your account balance rather than requiring active redemption.
Best National Bank Travel Cards
National Bank World Elite Mastercard
With Milesopedia, enjoy an exclusive offer to get up to 50,000 points with the National Bank World Elite Mastercard. This offer is exclusively available through the Milesopedia network and allows you to quickly earn points by following these steps:
The National Bank World Elite Mastercard is the best Mastercard credit card offered by NBC.
With this card, you earn up to 5 points per dollar on your purchases:
And since it’s an NBC mycredit Mastercard, you can use it at Costco.
With this card, you have access to a $150 annual travel credit that you can use in any of these categories:
What’s more, you can enjoy access to DragonPass airport lounges and unlimited access to the National Bank Lounge at Montreal-Trudeau.
Finally, Milesopedia has named the National Bank World Elite Mastercard as the Best Travel Credit Card in 2023, 2024, 2025, and 2026.
National Bank World® Mastercard®
Don’t have the minimum income required by National Bank World Elite Mastercard? Then National Bank World® Mastercard® may be a good option for you. This requires a $50,000 individual income (or $80,000 household income).
You can earn up to 2 points per dollar on your purchases. And since it’s a Mastercard credit card, you can use it at Costco.
In addition, you can enjoy access to LoungeKey airport lounges.
And you’ll enjoy up to 60 days’ coverage with its travel, trip cancellation/interruption, baggage loss and car rental insurance.
National Bank Platinum Mastercard®
With the National Bank Platinum Mastercard®, you can earn 2 points per dollar on grocery and restaurant purchases, and 1.5 points per dollar on gas, EV charging, recurring bills and À la carte Travel.
Since it is an NBC mycredit Mastercard, you can use it at Costco.
Unlike the other two National Bank travel rewards cards, the National Bank Platinum Mastercard® does not require a minimum income.
What’s more, you can take advantage of a wide range of insurances usually reserved for high-end credit cards:
We voted the National Bank Platinum Mastercard® as the best credit card for young professionals in 2024.
Best National Bank Cash Back Credit Cards
NBC mycredit Mastercard
With NBC mycredit Mastercard, you get:
And since it’s a Mastercard credit card, you can use it at Costco.
Cash back is automatically applied to your credit card account balance when each monthly statement is issued.
This is a credit card we recommend for those new to credit cards and want a no-fee credit card. What’s more, this credit card comes with a number of insurances for your purchases, including mobile device insurance (which is rare for a credit card with no annual fee).
National Bank Allure Mastercard
Support the Breast Cancer Foundation’s cause at Quebec by becoming a National Bank Allure Mastercard cardholder with this exclusive offer!
For every $2 in purchases charged to your National Bank Allure Mastercard account, you earn 1 point. Once a year, in January, you will receive a $10 cashback for every 1,000 points earned.
And for every $10 you spend with your card, National Bank of Canada donates 10 cents to the Quebec Breast Cancer Foundation! It can be as much as $750,000 per year for all cardholders!
For example, if you charge $1,000/month to your card, National Bank will donate $10/month to the foundation, or $120/year. And since it’s a Mastercard credit card, you can use it at Costco.
Rewards and Redemption
National Bank’s travel rewards cards all participate in the À la carte Rewards Plan, which provides flexibility in how points are redeemed. The program differs from airline-specific cards by offering multiple redemption pathways rather than locking points into a single loyalty ecosystem.
Points can be redeemed through the À la carte Travel agency for flights, hotels, vacation packages, car rentals, and cruises without restrictions to specific airlines or hotel chains. This flexibility allows cardholders to book travel based on price and preference rather than loyalty program availability. Points can also be applied as statement credits against eligible travel expenses already charged to the card, functioning similarly to cash back for travel purchases made outside the rewards portal.
The online rewards boutique offers merchandise, electronics, experiences, and gift cards as alternative redemption options. Redemption values vary by category, with travel typically providing the strongest value proposition. The catalog includes gift cards for various retailers including SAQ, gas stations, and Costco, providing options for those who prefer to convert points to spending power at specific merchants.
Fees and Interest Rates
Understanding the fee structure and interest rates associated with National Bank credit cards helps determine the total cost of card ownership and identify the most suitable option based on your payment habits and international spending patterns.
| Card | Annual Fee | Purchase Rate | Cash Advance Rate | Foreign Transaction Fee |
|---|---|---|---|---|
| World Elite Mastercard | $150 | 20.99% | 22.49% | 2.5% |
| World Mastercard | $115 | 20.99% | 22.49% | 2.5% |
| Platinum Mastercard | $70 | 20.99% | 22.49% | 2.5% |
| mycredit Mastercard | $0 | 20.99% | 22.49% | 2.5% |
| Allure Mastercard | $0 | 20.99% | 22.49% | 2.5% |
All National Bank credit cards apply a 2.5 percent foreign transaction fee on purchases made in currencies other than Canadian dollars. This fee is added after the transaction is converted to Canadian dollars using the Mastercard exchange rate. For frequent international travelers or those who make regular foreign currency purchases, this fee can accumulate significantly over time. Rates and terms may vary by financial institution.
The consistent purchase interest rate of 20.99 percent across all cards emphasizes the importance of paying statement balances in full each month. Carrying a balance at these rates can quickly erode any rewards value earned. Cash advances and balance transfers incur higher rates of 22.49 percent, making these features costly options for accessing funds or consolidating debt.
Who Should Consider These Cards
National Bank credit cards suit different cardholder profiles based on spending patterns, income levels, and financial priorities. Matching your situation to the appropriate card maximizes rewards earning while minimizing unnecessary annual fees.
- Frequent travelers who regularly spend on groceries and dining may find the World Elite Mastercard delivers strong value through its 5 points per dollar earning rate and annual travel credit.
- Cardholders seeking comprehensive travel insurance who don’t meet World Elite income requirements could consider the World Mastercard or Platinum Mastercard based on trip duration needs.
- Young professionals and those building credit history benefit from the Platinum Mastercard’s absence of income requirements while still accessing accelerated earning and insurance coverage.
- Individuals preferring simplicity and automatic rewards may find the mycredit Mastercard’s cash back structure more straightforward than points-based systems.
- Costco shoppers gain access to a major retailer that exclusively accepts Mastercard among credit card networks in their warehouse locations.
Who Should Consider Alternatives
- Frequent international travelers who want to avoid foreign transaction fees should explore cards that waive this 2.5 percent charge on foreign currency purchases.
- Cardholders who regularly carry balances month-to-month may benefit from low-interest credit cards rather than rewards cards, as interest charges at 20.99 percent will likely exceed rewards value.
- Those seeking maximum flexibility in transferring points to airline and hotel loyalty programs might prefer cards offering direct transfer partnerships rather than fixed-value redemptions.
- Individuals with limited spending on National Bank’s bonus categories may not maximize the earning potential that justifies annual fees on premium cards.
Application Considerations
National Bank partners with Equifax to review credit files when processing credit card applications. A strong credit score increases approval likelihood and may influence the credit limit offered. Income requirements vary by card, with the World Elite Mastercard requiring the highest thresholds and the Platinum Mastercard having no minimum income requirement.
Welcome bonus eligibility typically requires that applicants have not held a personal National Bank Mastercard as the primary cardholder within the previous 24 months. This restriction prevents existing cardholders from repeatedly collecting welcome bonuses by canceling and reapplying. Credit card accounts must remain open and in good standing until welcome bonus points are credited, which may occur several months after meeting spending requirements.
Before applying, consider whether you can realistically meet welcome bonus spending thresholds within the required timeframes. Accelerating spending unnecessarily or purchasing items you wouldn’t otherwise buy reduces the actual value of any bonus earned. Compare the annual fee against the benefits you’ll actively use to determine whether premium cards justify their cost based on your specific travel patterns and spending habits.
Contactless Payments and Features
All National Bank Mastercard credit cards include contactless payment functionality, allowing cardholders to tap their card against payment terminals for quick transactions. National Bank credit cards support contactless payments over $100 at participating merchants, which exceeds the limits set by some other card issuers and accelerates checkout for larger purchases.
This contactless capability extends to rewards earning, as tapped transactions accumulate cash back or points identically to chip-inserted or swiped purchases. The technology provides convenience without sacrificing security, as contactless transactions use encrypted data rather than transmitting actual card numbers to merchants.
Conclusion
National Bank’s credit card lineup provides distinct options across travel rewards and cash back categories, with differentiation based on earning rates, insurance coverage, income requirements, and annual fees. The World Elite Mastercard offers the strongest earning potential on groceries and dining alongside comprehensive travel benefits, while the Platinum Mastercard removes income barriers while maintaining accelerated earning and robust insurance. Cash back options deliver simplicity through the mycredit Mastercard or charitable contributions via the Allure Mastercard. All cards share the Mastercard network advantage of Costco acceptance and the limitation of 2.5 percent foreign transaction fees. Selecting the appropriate card requires evaluating your annual spending patterns against each card’s bonus categories, determining whether you’ll utilize travel insurance and premium perks, and ensuring the annual fee is justified by the rewards and benefits you’ll actively use. Rates and terms may vary by financial institution, and cardholders should review current offers and terms before applying.
If you’re comparing multiple products, use our credit card comparison tool to model earnings based on your actual spending patterns across categories.
Before applying, compare our full list of the best credit cards in Canada to make sure this card is the right fit for your wallet.
FAQ
What is the best National Bank credit card for travel?
The National Bank World Elite Mastercard is generally considered the strongest travel option, offering up to 5 points per dollar on groceries and restaurants, a $150 annual travel credit, airport lounge access, and comprehensive travel insurance covering trips up to 60 days. However, it requires $80,000 individual or $150,000 household income and charges a $150 annual fee. For those who don’t meet these income requirements, the Platinum Mastercard provides travel insurance and accelerated earning with no minimum income requirement.
Do National Bank credit cards have foreign transaction fees?
Yes, all National Bank credit cards apply a 2.5 percent foreign transaction fee on purchases made in currencies other than Canadian dollars. This fee is charged in addition to the Mastercard exchange rate used to convert the transaction to Canadian dollars. Frequent international travelers or those who regularly make foreign currency purchases should consider this fee when evaluating total card costs.
Can I use National Bank credit cards at Costco?
Yes, all National Bank credit cards are Mastercards and can be used at Costco warehouse locations in Canada. Costco exclusively accepts Mastercard among credit card networks at their warehouses, making National Bank cards a viable option for earning rewards on Costco purchases.
How do I redeem National Bank rewards points?
À la carte Rewards points from National Bank travel cards can be redeemed through the À la carte Travel agency for flights, hotels, vacation packages, car rentals, and cruises. Points can also be applied as statement credits against eligible travel expenses or redeemed for merchandise, experiences, and gift cards through the online rewards boutique. Redemption values vary by category, with travel typically offering the strongest value.
What income do I need for National Bank credit cards?
Income requirements vary by card. The World Elite Mastercard requires $80,000 individual or $150,000 household income. The World Mastercard requires $50,000 individual or $80,000 household income. The Platinum Mastercard has no minimum income requirement, making it accessible to those building credit or with lower income levels. Alternative qualification criteria may apply for existing National Bank clients with significant spending or investable assets.
Which credit bureau does National Bank use?
National Bank partners with Equifax to review credit files when processing credit card applications. A strong credit score with Equifax increases approval likelihood and may influence the credit limit offered. National Bank does not use TransUnion or other credit bureaus for their credit card application process.
Are there National Bank credit cards with no annual fee?
Yes, the NBC mycredit Mastercard and NBC Allure Mastercard both have no annual fee. The mycredit Mastercard earns 1 percent cash back on restaurants and recurring debits and 0.5 percent on other purchases, while the Allure Mastercard earns points convertible to cash back and supports the Quebec Breast Cancer Foundation through National Bank donations based on card spending.
What is the interest rate on National Bank credit cards?
All National Bank credit cards charge a 20.99 percent annual interest rate on purchases. Cash advances and balance transfers incur a higher rate of 22.49 percent. These rates are consistent across the entire National Bank credit card lineup regardless of card tier or annual fee. To maximize rewards value, cardholders should pay statement balances in full each month to avoid interest charges. Rates and terms may vary by financial institution.
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