National Bank MC1 World Elite Mastercard
National Bank of Canada · Cashback · Statement Credit
This comprehensive guide covers the National Bank MC1 World Elite Mastercard's reward rates, fees, and terms — updated regularly from official sources — to help you decide if this card fits your spending. The National Bank MC1 World Elite Mastercard from National Bank of Canada offers cashback rewards credited directly to your statement at 3% (up to C$12,000 per cycle). Top earning categories include 3% cash back on groceries and more. Annual fee is C$120 (no annual fee waiver).
Best for: Grocery, Fuel, General Online, Electronics Accessories
Reward Examples
Spend C$1,000 on Grocery → earn C$30 (3%) · 3% cash back on groceries
Spend C$1,000 on Fuel → earn C$30 (3%) · 3% cash back on gas
Spend C$1,000 on General online → earn C$10 (1%) · 1% cash back on all other purchases
Official product page → Official rules →
Waiver: No annual fee waiver
Reward Rules
- 3% 3% cash back on groceries (cap: C$12,000)
- 3% 3% cash back on gas (cap: C$12,000)
- 1% 1% cash back on all other purchases
Important Notes
- 3% grocery capped at $12,000 per year then 1x
- 3% gas capped at $12,000 per year then 1x
- No foreign transaction fees
How to Apply
- Apply online: Official application page →
- Credit score: Most rewards cards require good to excellent credit (typically 670+ FICO).
- Issuer rules: Some issuers restrict approvals (e.g. Chase 5/24). Verify current eligibility before applying.
National Bank MC1 World Elite Mastercard vs Similar Cards
- Alterna Savings Cash Back Visa — 2% top rate · C$0
- BMO Cash Back Mastercard — 3% top rate · C$0
- BMO CashBack World Elite Mastercard — 5% top rate · C$120
Maximize Your Rewards
To earn the highest rewards, use the National Bank MC1 World Elite Mastercard for its bonus categories: Grocery, Fuel, General Online, Electronics Accessories, Dining.