American Express Cobalt vs National Bank World Mastercard

By   |   Verified by David Boyd   |   Updated 17 Aug 2023

The main difference between the American Express Cobalt and National Bank World Mastercard lies in their rewards structure, fees, and standout features. While both cards offer appealing perks, they do have some striking differences.

When it comes to rewards, the American Express Cobalt takes the spotlight with its impressive earning potential. The card's multi-category approach allows you to rack up points faster on everyday purchases like dining, groceries, and travel. On the other hand, the National Bank World Mastercard offers a more straightforward rewards system, catering to those who prefer a simpler approach to earning points.

In terms of fees, the American Express Cobalt does come with an annual fee, but the benefits and rewards can often offset this cost for active users. Meanwhile, the National Bank World Mastercard presents a competitive yearly fee and can be a solid option for those looking to balance rewards with affordability.

Both cards showcase introductory offers and bonuses that can sweeten the deal. The American Express Cobalt often entices new cardholders with bonus points upon meeting spending thresholds. Conversely, the National Bank World Mastercard may offer attractive welcome bonuses or promotional rates for a limited time.

Standout features set these cards apart. The American Express Cobalt boasts exclusive access to entertainment events and travel perks, appealing to those seeking unique experiences. Meanwhile, the National Bank World Mastercard may offer specialized benefits like travel insurance coverage, enhancing peace of mind for globetrotters.

In conclusion, the American Express Cobalt and National Bank World Mastercard share some common ground in rewards and benefits. However, their distinct rewards structures, fees, introductory offers, and standout features allow individuals to choose the card that aligns best with their spending habits and financial goals.

American Express Cobalt Card
 

On website

National Bank World Mastercard
 
Description
Offers an attractive rewards program with a focus on earning points quickly on everyday spending categories like dining, streaming subscriptions, and transportation.Spend just $2,000 a month on your National Bank World Mastercard and you can get up to 33,000 rewards points per year.
Basics
Additional Cardholders
93
Card Type
American ExpressMastercard
Minimum Credit Limit
N/A$500.00
Maximum Credit Limit
N/AN/A
Sign up bonus
Signup Bonus Points
15000 pointsN/A
Signup Bonus Points Required Spend
$750.00N/A
Signup Bonus Points Required Spend Terms
eligible purchases every month for 12 months, that's 1,250 Membership Rewards points for each monthly billing period.N/A
Rewards
Rewards Program
American Express RewardsNational Bank Rewards
Domestic Rewards Points Earn Rate
11.25
Benefits
Airport Lounge Access Included
YesNo
Concierge Service Included
YesNo
Cardholder's International Travel Insurance
YesYes
Complimentary Flight Voucher Included
NoNo
Introductory balance transfer
Balance Transfer Rate
N/A22.49%
Balance Transfer Period
N/AN/A
Balance Transfer Fee
N/AN/A
Balance Transfer Limit
N/AN/A
Balance Transfer Revert Rate
N/AN/A
Ongoing rates
Cash Advance Rate
21.99% p.a.22.49% p.a.
Purchase Rate Ongoing
21.99% p.a.20.99% p.a.
Ongoing fees
Annual Fee Ongoing
$155.88$115.00
Foreign Exchange Fee Percentage
N/A2.5%
Late Payment Fee
$38.00N/A
Overseas ATM Withdrawal Fee
$5.00N/A
Digital wallets
Apple Pay Enabled
YesYes
Google Pay Enabled
YesYes
Samsung Pay Enabled
YesNo
Eligibility
Available To Existing Customers
NoNo
Minimum Age
18 years18 years
Minimum Credit Rating
GoodGood
Minimum Income
N/A$60,000.00
Temporary Residents Accepted
NoNo