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MasterCard No Fee Cash Back and Costco Purchases
June 29, 2020
8:12 pm
Forum Posts: 528
Member Since:
March 17, 2018
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@Loonie , it would be a good card to churn, since you can spend 6500 dollars on it and earn 300.00, (just under 5% cash back), and then cancel the card.
It's got 150 dollar fee after first year, too rich for me, although it has good travel insurance. But it's missing no foreign exchange fees.

June 29, 2020
9:11 pm
Forum Posts: 3721
Member Since:
April 6, 2013
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The $150/year National Bank World Elite MasterCard seems to be for frequent air travellers.

Each year, there is reimbursement of up to $100 in airport parking fees, up to $50 in baggage fees, and up to $50 in seat selection fees.

$2,500 per person trip cancellation insurance and $5,000 per person trip interruption insurance.

$5 million per person out-of-province medical/hospital insurance for 60 days (age 54 and under), 31 days (age 55 to 64), or 15 days (age 65 to 75).

The VIP Airport Lounge benefit is odd. Only the National Bank Lounge at Montréal-Trudeau Airport and only when flying out to a destination outside Canada and the U.S.! What about cardholders who are not flying through that airport?

June 30, 2020
2:58 am
Forum Posts: 6708
Member Since:
October 21, 2013
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National Bank is based in Montreal, I believe. Perhaps that's where most of their CC customers are.

Since people aren't travelling much outside the country, it's not very appearing at this time at least, especially for the fee involved.
I looked, out of curiosity (I don't travel) and found it hard to understand the reward structure too. Soon lost interest.
I can't remember if you could get cash out of it or just travel - through their travel agent as I recall.

Maybe it will be save2retire@55's next churn!sf-cool

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