You possibly can’t do a lot about grocery costs, other than utilizing coupons and low cost apps, however the suitable credit card may also help you set these bills to work in your favour (and in the end profit your pockets). With Nationwide Financial institution’s World Elite Mastercard, you’ll earn as much as 5 factors per greenback spent on groceries and eating places for the primary $2,500 in gross month-to-month purchases, making this card a powerful decide for households and frequent diners. Learn on to be taught extra about how this card may also help you leverage your spending. (Terms and conditions apply.)
Earn rewards on meals purchases
You possibly can’t management the prices of meals, however you can make these bills pay dividends utilizing a credit card that rewards grocery and restaurant spends. Nationwide Financial institution’s World Elite Mastercard, for instance, has an earn price of 5 factors per greenback for the primary $2,500 in gross month-to-month purchases charged to the account, whatever the buy class. After that, you’ll earn two factors per greenback on eligible grocery and restaurant purchases.
Moreover meals, the Nationwide Financial institution World Elite Mastercard has boosted earn charges for recurring payments, gasoline and electrical car charging and journey reserving by way of À la carte Journey. For all of those classes, cardholders get two factors per greenback spent, with no restrict to what number of factors you possibly can earn. All different eligible purchases earn a base price of 1 level per greenback spent, making this a stable alternative for on a regular basis spending.
Do rewards factors make a distinction?
Can a rewards bank card assist you handle rising prices for on a regular basis bills? Maybe, for sure issues. As famous above, the Nationwide Financial institution World Elite Mastercard has an earn price of as much as 5 factors per greenback spent on meals and eating places. Let’s see the way it stacks up towards meals inflation.
Based on Canada’s Food Price Report for 2024, printed by the AgriFood Analytics Lab at Dalhousie College, a household of 4 is anticipated to spend $16,297.20 on meals this 12 months—up $701.79 from final 12 months. Spending $16,297 on meals utilizing a Nationwide Financial institution World Elite Mastercard might earn 81,485 rewards factors. That’s virtually sufficient for a $600 fee towards a Nationwide Financial institution mortgage.
Extra options of the Nationwide Financial institution World Elite Mastercard
This isn’t only a nice card for purchasing meals—it’s additionally a trusty journey companion with options and advantages.
Once you e book your journey with this card, you’ll be coated mechanically by an insurance coverage package deal that features medical insurance coverage if you’re out of your province of residence, journey cancellation, journey interruption, departure flight delay insurance coverage, stolen baggage and car rental protection (for an accident, fireplace, theft or vandalism)—a package deal price a whole lot of {dollars}. (Insurance coverage is proscribed to particular quantities; learn the total insurance details.)
Plus, as a cardholder, you’re welcome to make limitless visits to the Nationwide Financial institution Lounge at Montréal-Trudeau Airport, so you possibly can arrive at your worldwide vacation spot effectively fed and effectively rested.
