For the seat and baggage claims, does the entire ticket fare have to charged to the nbc cc or just the associated portions?
Edit: meh, I just applied for the platinum for simplicity.
Edit: meh, I just applied for the platinum for simplicity.
Score breakdown ×
Sep 19th, 2019 9:55 pm
Sep 20th, 2019 6:41 am
Sep 20th, 2019 8:15 am
Sep 20th, 2019 9:55 am
Only the travel fees must be charged to the National Bank World Elite Mastercard credit card to claim the reimbursement.
Sep 21st, 2019 11:31 am
Sep 21st, 2019 10:29 pm
Sep 23rd, 2019 9:37 am
Sep 28th, 2019 8:43 am
Thanks for doing the calculations. I also accounted for the lost cashback if I did not use my Rogers MC which has gives 1.75%.stemfi wrote: ↑ To choose which card, you need to factor in the point value of the minimum spend of $6,000 ($500 x 12) and determine the net cost of each card. If we assume you will be using the points earned against travel not booked through the National Bank travel site, a point is worth $0.0083. So if we use the $6,000 spend, the net cost of the World Elite would be $150 (Annual Fee) - $74.70 (Rewards on the $6,000 x 1.5 points = 9,000 points x $0.0083 = $74.70) = $75.30. The World net cost would be $115 (Annual Fee) - $62.25 (Rewards on the $6,000 x 1.25 points = 7,500 points x $0.0083 = $62.25) = $52.75. The Platinum net cost would be $89 (Annual Fee) - $49.80 (Rewards on the $6,000 x 1 point = 6,000 points x $0083 = $49.80) = $39.20. No one would choose the World since it costs more than the Platinum with no extra benefit (except for the higher multiplier). So the choice boils down to whether you can use any of the Travel perks (Airport Parking $100, Seat Selection $50 or Baggage Fees $100) that would offset the extra net cost of $36.10 for the World Elite ($75.30 net cost) vs. the Platinum ($39.20 net cost).
Oct 1st, 2019 6:44 pm
Oct 3rd, 2019 9:18 pm
Wow that's a detailed analysis haha. What if you factored in the other perks as well, eg triple warranty, travel insurance, etc. What would be the approximate benefit?IOwnAndPwnU wrote: ↑ Thanks for doing the calculations. I also accounted for the lost cashback if I did not use my Rogers MC which has gives 1.75%.
- Rogers MC: purchases of $6000 x 0.0175 = $105
- NBC: as per your calculations, $6000 spending = $74.70
- Therefore, loss of $105 - $74.70 = $30.3
Other potential losses as mentioned in the thread:
- The $40 monthly bonus is applied ~45 days later. This means, if you do not continue with the card into a 2nd year --> you lose the 11th and 12th month's $40 --> loss of $80. See their exact wording for details ("The total amount of monthly net purchases is calculated on the first day of the month after the account has been opened. For example, an account that was opened on September 15 will have its net purchases calculated on October 1 and the first cashback will be made no later than November 15."
- If you do continue with the card into the 2nd year, you pay the annual fee of $150 (which is probably subject to change, I imagine).
But in the big picture of using the NBC, if you're reducing your spending on the Rogers MC to take advantage of this promotion, it looks the range of bonus money you will make is:
- cancel card before renewal (therefore 10 months of $40/month cashback) is: ($40/mo for 10 months = $400) - $150 annual fee + $62.25 in NBC rewards (adjusted for 10 months) - $25.25 (for not using Rogers MC, adjusted for 10 months) = $400 - $150 + $62.25 -$25.25 = $287, with up to $250 additional value if you use the travel perks. Therefore range is $287-$537 in value. It is unclear to me, but I think if you use the $250 travel perks by the end of 2019, this limit renews at the beginning of 2020, so the potential value of this card is $787?
- cancel card after renewal: $480 - 2x $150 annual fee (=$300) + $74.70 (NBC rewards) - $30.3 (Rogers) = $144.40 with two years worth of $500 travel perks = therefore range is $144.40-$644.40.
Any thoughts on my analysis? Please correct me if/where I am mistaken.
Oct 3rd, 2019 10:01 pm
Not sure if sarcasm, but I'll answer the question for other members. The other perks like travel insurance, etc. are fairly standard across similar credit cards and so I don't see them as offering additional value with this specific credit card. But you do make a good point that a detailed analysis should account for these factors.TheSheldor wrote: ↑ Wow that's a detailed analysis haha. What if you factored in the other perks as well, eg triple warranty, travel insurance, etc. What would be the approximate benefit?
Oct 3rd, 2019 10:34 pm
No I'm serious. Correct me if I'm wrong but not many cards offer triple warranty and also the travel insuranc is on the better end of the spectrum.IOwnAndPwnU wrote: ↑ Not sure if sarcasm, but I'll answer the question for other members. The other perks like travel insurance, etc. are fairly standard across similar credit cards and so I don't see them as offering additional value with this specific credit card. But you do make a good point that a detailed analysis should account for these factors.
Oct 3rd, 2019 10:56 pm
Good point on the potential impact of the cash back delay. Whether you can get 10/11/12 months of cash back for 1 annual fee may be impacted by the credit card opening date and annual fee posting date. Does anyone know what the policy is regarding a possible annual fee refund if you were to cancel the card 1-2 months after you paid the annual fee for year 2 (after you received the 12th cash back)?IOwnAndPwnU wrote: ↑ Thanks for doing the calculations. I also accounted for the lost cashback if I did not use my Rogers MC which has gives 1.75%.
- Rogers MC: purchases of $6000 x 0.0175 = $105
- NBC: as per your calculations, $6000 spending = $74.70
- Therefore, loss of $105 - $74.70 = $30.3
Other potential losses as mentioned in the thread:
- The $40 monthly bonus is applied ~45 days later. This means, if you do not continue with the card into a 2nd year --> you lose the 11th and 12th month's $40 --> loss of $80. See their exact wording for details ("The total amount of monthly net purchases is calculated on the first day of the month after the account has been opened. For example, an account that was opened on September 15 will have its net purchases calculated on October 1 and the first cashback will be made no later than November 15."
- If you do continue with the card into the 2nd year, you pay the annual fee of $150 (which is probably subject to change, I imagine).
But in the big picture of using the NBC, if you're reducing your spending on the Rogers MC to take advantage of this promotion, it looks the range of bonus money you will make is:
- cancel card before renewal (therefore 10 months of $40/month cashback) is: ($40/mo for 10 months = $400) - $150 annual fee + $62.25 in NBC rewards (adjusted for 10 months) - $25.25 (for not using Rogers MC, adjusted for 10 months) = $400 - $150 + $62.25 -$25.25 = $287, with up to $250 additional value if you use the travel perks. Therefore range is $287-$537 in value. It is unclear to me, but I think if you use the $250 travel perks by the end of 2019, this limit renews at the beginning of 2020, so the potential value of this card is $787?
- cancel card after renewal: $480 - 2x $150 annual fee (=$300) + $74.70 (NBC rewards) - $30.3 (Rogers) = $144.40 with two years worth of $500 travel perks = therefore range is $144.40-$644.40.
Any thoughts on my analysis? Please correct me if/where I am mistaken.
Oct 3rd, 2019 10:59 pm
The travel insurance on NBC WE card ranks at the top of the offerings in Canada (along with the Desjardins premium cards). For those that want/need insurance, the WE card definitely provides value through the insurance offering. And compared to the Rogers WE, the NBC travel insurance offering is substantially better than what the Rogers card offers (which, to me, is inadequate for travel insurance, and I personally wouldn't book travel on the Rogers card for that reason).TheSheldor wrote: ↑ No I'm serious. Correct me if I'm wrong but not many cards offer triple warranty and also the travel insuranc is on the better end of the spectrum.
Also my comment was specifically targeted at the comparison he was making with the Rogers mc. I don't own a Rogers mc but I don't think it has that many "premium" features?
I'm just curious for curiosities sake. I already got the national bank world elite
Oct 3rd, 2019 11:10 pm
True, the triple extended warranty (+2 years) and 180 purchase protection insurance are rare. The National Bank premium cards have a very good insurance package (better than Rogers) but are missing a few key benefits (common carrier, mobile device, hotel burglary, etc.).TheSheldor wrote: ↑ No I'm serious. Correct me if I'm wrong but not many cards offer triple warranty and also the travel insuranc is on the better end of the spectrum.
Also my comment was specifically targeted at the comparison he was making with the Rogers mc. I don't own a Rogers mc but I don't think it has that many "premium" features?
I'm just curious for curiosities sake. I already got the national bank world elite
Oct 4th, 2019 5:41 pm
Good question, I suppose getting the card opened 2nd half of the month is better (i.e. so you get the rebate for your 11th calendar month's spending on the 15th day of your 12th month, before your 2nd year Annual Fee posts). If they will prorate the annual fee upon cancellation or at least prorate/refund within 30 days of it being charged, that would make things easier. But I'm not sure on their policy.jevonb wrote: ↑ Good point on the potential impact of the cash back delay. Whether you can get 10/11/12 months of cash back for 1 annual fee may be impacted by the credit card opening date and annual fee posting date. Does anyone know what the policy is regarding a possible annual fee refund if you were to cancel the card 1-2 months after you paid the annual fee for year 2 (after you received the 12th cash back)?
Yes, the smart travel benefits for the world elite card are $250 per calendar year (Jan-Dec), so you could get $500 in rebates for the first year annual fee.
Oct 5th, 2019 1:24 pm
Oct 5th, 2019 2:24 pm
Oct 5th, 2019 3:12 pm
Oct 5th, 2019 5:31 pm
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