1. Unlock the earning potential of your each day expenses
Everyone has expenses. The trick is determining how you can get rewards on the purchases you have already made. Your best bet is to decide on a card that gives increased rewards within the categories where you spend essentially the most. For many Canadians, groceries and gas are the highest spending categories, so paying with a card just like the National Bank World Elite Mastercard can aid you rack up plenty of points.
Let’s say your loved ones spends about $1,000 a month on groceries and about $250 on gas. If you pay for these purchases with the National Bank World Elite Mastercard, you can earn as much as 5,500 points per 30 days – that is 66,000 points per yr in those two categories alone. For example, with 66,000 points, you can buy tech items (like a smartwatch or tablet) or repay your mortgage with National Bank of Canada.
Here’s how it really works: The variety of points you earn on grocery and restaurant purchases depends upon the overall gross monthly amount charged to the bank card account, whatever the purchase category. You’ll earn five points for each dollar of eligible grocery and restaurant purchases until $2,500 in total gross monthly purchases are charged to the account. After that, you may earn two points per dollar of eligible grocery and restaurant purchases. (The total gross monthly amount is calculated based in your monthly billing cycle.)
Apply for the National Bank World Elite Mastercard between May 13 and August 15, 2024 and earn as much as 40,000 bonus points in the primary yr. Minimum purchase and insurance product required. See applicable Terms and Conditions.
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National Bank World Elite Mastercard
- Annual fee: $150
- Interest charges: 20.99% on purchases, 22.49% on balance transfers and money advances
- Earning rate: Up to five points per $1 on grocery and restaurant purchases, 2 points per $1 on gas, electric vehicle charging, recurring bill payments and travel booked through À La Carte Rewards, and 1 point per $1 on all other purchases.
- Welcome offer: You can earn as much as 40,000 reward points in the primary yr. Application deadline: August 15, 2024. Minimum purchase and insurance product required. Find out more about applicable Terms and Conditions.
- Annual income requirement: Personal income of $80,000 or household income of $150,000
2. Make essentially the most of your optional expenses
Of course, bills aren’t nearly groceries and gas, so select a card that rewards your other purchases, too. When you pay your restaurant bill together with your National Bank World Elite Mastercard, you possibly can earn as much as five points per dollar. And with a base rate of 1 point per dollar spent together with your card in other categories, your rewards will pile up quickly.
3. Subscribe to reward points
If you are like most Canadians, you have got a pile of bills every month, including for services like your phone plan and subscriptions to streaming services. Get some a refund in your monthly bills by establishing automatic payments together with your National Bank World Elite Mastercard. You’ll earn two points per dollar on recurring payments and never must worry about missing a payment.
4. Involve the family
When you add a cardholder to your account, all of their rewards points shall be collected in the identical account together with yours, helping you reach your rewards goals faster. This might be an awesome option for spouses, for instance. Each person has their very own card with their very own PIN, but all transactions are charged to the identical account. With the National Bank World Elite Mastercard, the annual fee for every additional card is just $50 per yr.
5. Earn more while traveling
Using a bank card is a convenient and secure option to pay for travel—and it could earn you rewards points, too. With the National Bank World Elite Mastercard, you may earn two points per dollar spent on every trip you book through the À la carte Travel portal. Plus, you may receive as much as $150 in travel credits every year to reimburse you for eligible expenses charged to your card, including flight upgrades, seat selection, airport parking, extra checked baggage and airport lounge access. And with travel insurance included with this card, you may be well prepared to your next trip. (Coverage is restricted to certain amounts. Please read the total Insurance details.)
