There’s not much you possibly can do about grocery prices apart from coupons and rebate apps, but with the precise bank card, you need to use that spending to your advantage (and ultimately save your wallet, too). The World Elite Mastercard from National Bank earns you as much as five points per dollar spent on groceries and restaurants on the primary $2,500 of gross purchases monthly, making this card an excellent selection for families and repeat customers. Read on to learn more about how this card can assist you optimize your spending. (Terms and Conditions apply.)
Earn rewards on grocery purchases
You cannot control the fee of groceries, but you possibly can offset those expenses with a bank card that rewards grocery and restaurant purchases. The World Elite Mastercard from National Bank, for instance, offers an earning rate of 5 points per dollar on the primary $2,500 of monthly gross purchases charged to the account, whatever the purchase category. After that, you may earn two points per dollar on eligible grocery and restaurant purchases.
In addition to groceries, the National Bank World Elite Mastercard has increased earning rates on recurring bills, gas and electric vehicle charging, and travel bookings through À la carte Travel. For all of those categories, cardholders earn two points per dollar spent, with no limit on the variety of points they will earn. All other eligible purchases have a base rate of 1 point per dollar spent, making this card a solid selection for on a regular basis spending.
Do reward points make a difference?
Can a rewards bank card assist you deal with the rising cost of on a regular basis expenses? Maybe, for certain things. As mentioned above, the National Bank World Elite Mastercard enables you to earn as much as five points per dollar spent on groceries and restaurants. Let’s see the way it stacks up against food inflation.
Accordingly Canada’s Food Price Report for 2024, released by Dalhousie University’s AgriFood Analytics Lab, a family of 4 is predicted to spend $16,297.20 on groceries this yr – $701.79 greater than last yr. Those who spend $16,297 on groceries with a National Bank World Elite Mastercard can earn 81,485 bonus points. That’s almost enough for a $600 payment on a National Bank mortgage.
Additional features of the National Bank World Elite Mastercard
Not only is that this an excellent card for grocery shopping, however it’s also a reliable travel companion filled with features and advantages.
When you book your trip with this card, you’re robotically covered by an insurance package that features medical insurance for trips outside your province of residence, trip cancellation and interruption insurance, flight delay insurance, stolen baggage insurance and vehicle rental insurance (for accidents, fire, theft or vandalism) – a package price several hundred dollars. (Insurance is capped at certain amounts; read the total Insurance details.)
In addition, as a cardholder, you possibly can visit the National Bank Lounge at Montréal-Trudeau Airport as often as possible so that you just arrive at your international destination well-nourished and rested.
