National Bank · Mastercard · National Bank Rewards
Reviewed 2026-07-06 · By The Points Standard editorial team
National Bank Platinum Mastercard
A capable low-fee card for existing National Bank clients. Cancel the bundled insurance once the bonus posts to keep it cheap.
Standard Score breakdown — Situational
Six weighted components, each rated 0–10. "Contributes" is the rating × weight — add all six and you get the 5.50/10 Standard Score above.
See how the Standard Score works or re-weight it to your priorities.
The numbers
| Annual fee | $70 |
| Welcome bonus | Up to 35,000 National Bank Rewards points (10,000 for enrolling in payment protection insurance + 10,000 on $2,500/3 months + 15,000 on $10,000/12 months), plus first-year fee refund |
| Est. bonus value | ≈ $350 |
| First-year net value | ≈ $390 |
Earn rates
| Groceries and restaurants (first $1,000/month) | 2x |
| Groceries and restaurants (beyond $1,000/month) | 1.5x |
| Gas and recurring bills | 1.5x |
| Everything else | 1x per $1.50 |
Why it earns its score
- Modest fee for a legitimate rewards card with a real welcome bonus
- 2x groceries/dining beats many low-fee competitors
- Points redeem as flat statement credit at 1¢ each, no blackout dates
Where it loses points
- Part of the bonus requires enrolling in payment protection insurance — an ongoing cost most cardholders should cancel once the bonus posts
- No lounge access or premium travel insurance
- 1¢ redemption ceiling with no airline transfer partners
Who it's for
National Bank clients who want a low-fee rewards card with a real grocery/dining bonus rate.
Who should skip it
You want transferable points — Amex Cobalt or other MR cards earn more per dollar with airline upside.
Included insurance
Purchase protection · Extended warranty
Source: issuer card page · Last reviewed 2026-07-06. Details change often — confirm current terms with the issuer before applying.