Earn 40,000 points + first year free with the newly revamped ATB World Elite Mastercard

June 4th saw the launch of the revamped ATB World Elite Mastercard and to celebrate they have a pretty amazing welcome bonus offer! Right now Albertans who apply and are approved for the card by July 14, 2024 can get a $500 statement credit + 40,000 points and a first year fee waiver ($120 value).

Update: The $500 statement credit part of the offer has suddenly been removed!

The Welcome Bonus

The 40,000 points are worth $200 (Redemptions in the new program are 200 points to $1)  add in the $500 statement credit with no annual fee in the first year and you have a full welcome bonus value of $700! This offer makes this the highest value welcome bonus in the country at this moment. And what’s even more amazing is you literally only need to spend $1 on the card and all of the bonus is yours. The 40,000 points are awarded upon first purchase and the $500 statement credit is awarded on approval!

New Earn Rates

As of June 4, 2024 the ATB World Elite Mastercard has new accelerated earn rates in several categories as well as a new base earn rate:

• Earn 8 points for every $1 spent on eligible purchases made at select travel merchants, including: airlines, hotels, motels and car rental companies*
• Earn 6 points for every $1 spent on eligible purchases in essential categories, including: groceries, gas, digital streaming services and/or subscriptions, and entertainment*
• Earn 2 points for every $1 spent on any other purchases you make with your car

New Redemption Rates & actual value

As mentioned above, the revamped ATB My Rewards program will have a redemption rate of 200 points to $1. That will put actual value of the new earn rates on the ATB World Elite Mastercard as follows:

• 8 points for travel = 4% return
• 6 points for groceries, gas, digital streaming services and/or subscriptions, and entertainment = 3% return
• 2 points for everything else = 1%
  The accelerated earn rates of 6 and 8 points per dollar are capped at $50,000 in annual spending across all those categories.

As you can see this card is actually a 1%, 3%, and 4% return card despite having those inflated earn rates. The current version of the card provides a straight 1.5% return on all spending.

Additional Benefits and Insurance

In addition to the new earn and redemption rates, the benefits and insurance on the card have been enhanced.

The revamped ATB World Elite Mastercard will now receive four (4) free annual lounge visits with its Mastercard TravelPass airport lounge access membership. This is up from the current two passes. This benefit is also extended to co-applicant/joint cardholders who will receive four visits annually.

On the insurance side the World Elite will have Mobile Device Insurance (up to $1,500) and Event Ticket Protector Insurance added to its coverage package.

Click here to learn more and/or to apply for the ATB World Elite Mastercard

 

* List of eligible merchants:

Airlines