The ClearFin bottom line
🌾 Travel Rewards
Its strongest published earn rate in our data is 4.0% on travel. The $120 annual fee should be weighed against the rewards and benefits you expect to use.
Checked 2026-08-09 · Official issuer catalogueIndependent ClearFin review · ATB Financial
ATB World Elite Mastercard
Start with 40,000 ATB My Rewards points — $200 stated value — plus first-year fee waiver.
Independent comparisonFees includedCanadian card data
- Annual fee
- $120
- Reward type
- ATB Points
- Welcome offer
- 40,000 pts
- Insurance
- 1 coverages
First year free
Current new-cardmember offer
Certificate terms apply
🌾 Travel Rewards
Welcome bonus
40,000 ATB My Rewards points$200 stated value — plus first-year fee waiver
New cardmembers can earn 40,000 ATB My Rewards points — $200 stated value — plus first-year fee waiver by completing the steps below.
Offer details
The points are awarded after the first eligible purchase; the stated combined value includes the $120 first-year fee waiver.
How you earn
- 8 points per $1 spent on eligible airline purchases
- 8 points per $1 spent on eligible hotel and motel purchases
- 8 points per $1 spent on eligible car rental purchases
- 6 points per $1 spent on eligible grocery purchases
- 6 points per $1 spent on eligible gas purchases
- 6 points per $1 spent on eligible digital streaming services and subscriptions
- 6 points per $1 spent on eligible entertainment purchases
- 2 points per $1 spent on all other eligible purchases
Costs and requirements
Fees & eligibility
Confirm final approval criteria and current rates directly with the issuer.
Annual fee$120First year free
Purchase interest20.99%
Cash advance interest22.99%
Foreign transaction fee2.9%
Income requirement$80,000Issuer approval criteria apply
Additional card$35
Household income$150,000Alternative minimum
Recommended credit score725+ Good to Very Good
Applicants typically have stronger approval odds with a good to very good credit profile and sufficient income to meet World Elite eligibility requirements.
300Poor
560Fair
660Good
725+Very Good
760Excellent
ClearFin estimate on Canada's 300–900 scale. This is not an issuer cutoff or approval guarantee; lenders may use different bureau scores and underwriting criteria. This is an estimated approval range. ATB does not publish a minimum credit score requirement for the ATB World Elite Mastercard. Approval decisions may also consider income, assets under management, credit history, existing debt, payment history, and overall application profile.
Earning capAccelerated earn rates apply to the first $50,000 in annual spending across eligible accelerated categories. After the cap is reached, eligible purchases earn the base rate of 2 points per $1 spent until the cap resets in January.
Using your rewards
Redemption options
Redemption values and availability may vary by option and can change.
Redeem the card's rewards through the issuer's current rewards program.
Available options, minimums, transfer access, and redemption values vary; confirm the current program terms before applying.
Beyond the points
Benefits that come with the card
Consider these extras by the value they add to purchases and experiences you already use.
Mastercard Travel Pass by DragonPass
Receive complimentary membership in Mastercard Travel Pass provided by DragonPass, giving access to more than 1,300 airport lounges worldwide as well as select airport dining and spa offers.
Complimentary Airport Lounge Visits
Primary cardholders receive 4 complimentary airport lounge visits each calendar year through Mastercard Travel Pass. If the account has a joint cardholder, each cardholder receives their own set of visits.
Travel Emergency Medical Insurance
The card includes emergency medical coverage for eligible travellers during covered trips, helping protect against unexpected medical expenses while travelling.
Trip Cancellation Insurance
Provides coverage for eligible prepaid travel expenses when a covered event forces the cancellation of a trip before departure.
Trip Interruption and Trip Delay Insurance
Provides protection for covered travel disruptions, helping reimburse eligible expenses when a trip is interrupted or delayed.
Flight Delay Insurance
Provides reimbursement for eligible expenses when a covered flight is delayed, helping offset costs incurred during the delay period.
Delayed and Lost Luggage Insurance
Provides coverage for essential purchases when baggage is delayed and protection for covered losses involving lost luggage during eligible travel.
Mobile Device Insurance
Eligible mobile devices purchased with the card are protected against covered loss, theft, accidental damage, and mechanical breakdown, subject to policy terms and coverage limits.
Show all 19 benefitsShow fewer
Event Ticket Protection
Provides protection for eligible event tickets purchased with the card against covered losses and unforeseen circumstances.
Purchase Assurance
Eligible purchases are protected against accidental damage, loss, or theft for up to 90 days from the purchase date.
Extended Warranty Protection
Doubles the original manufacturer's warranty on eligible purchases for up to one additional year beyond the original warranty period.
Price Protection Service
Eligible purchases may qualify for reimbursement when the same item is found at a lower advertised price within the eligible protection period.
Rental Car Collision Damage Waiver Coverage
Provides collision damage waiver protection on eligible rental vehicles when the full rental cost is charged to the card.
Rental Car Personal Effects Coverage
Provides protection for personal belongings carried in an eligible rental vehicle during a covered rental period.
Travel Accident Insurance
Includes common carrier and rental vehicle accidental death and dismemberment coverage for eligible travellers.
Hotel and Motel Burglary Insurance
Provides coverage for covered losses resulting from burglary of personal property while staying at an eligible hotel or motel.
24/7 Travel Assistance Services
Access emergency travel assistance services, including help with lost documents, lost luggage, legal referrals, and other travel-related emergencies.
Avis and Budget Rental Discounts
Receive up to 25% off eligible rentals at participating Avis and Budget locations when paying with the card.
Annual Fee Waiver with ATB Advantage Account
The annual fee can be waived for eligible cardholders who maintain a qualifying ATB Advantage Account.
Protection included
Insurance at a glance
1 coverage listed. Key terms are summarized below; full certificate terms apply.
World Elite Mastercard benefits & travel insurance
This coverage is listed in ClearFin's card catalogue. Confirm eligibility, limits, exclusions, and payment requirements in the issuer's current insurance certificate.
Coverage is subject to eligibility, exclusions, limits, payment requirements, and claim rules in the insurance certificate.
The verdict
What we like
- High rewards earning rates on travel, groceries, gas, entertainment, and digital streaming purchases
- Extensive insurance coverage including travel medical, trip cancellation, trip interruption, flight delay, luggage, mobile device, event ticket, rental car, and purchase protection benefits
- Complimentary airport lounge access through Mastercard Travel Pass by DragonPass with 4 lounge visits annually for each primary cardholder
- First-year annual fee waiver provides immediate value for new cardholders
- Premium travel perks including access to more than 1,300 airport lounges worldwide and select airport dining and spa offers
- Annual fee can be waived on an ongoing basis for eligible ATB Advantage Account holders
Worth noting
- ATB My Rewards points generally provide lower redemption value than leading airline and transferable points programs
- Only available to Alberta residents, limiting eligibility for applicants in other provinces and territories
- High eligibility requirements, requiring either $80,000 personal income, $150,000 household income, or $400,000 in assets under management
- Additional cardholders are subject to an annual fee
- Foreign currency purchases incur a 2.5% foreign exchange fee
ClearFin analysis
Our detailed review
A practical reading of where the card earns, what the fee buys, and which limits matter.
🌾 Travel Rewards
8x points (4%) on travel, 6x (3%) on groceries, gas, streaming & entertainment. 2x (1%) on everything else.
How the rewards work
Travel receive the strongest estimated return at 4.0%. Purchases outside the accelerated categories earn an estimated 1.0%.
What the annual cost means
Using the strongest estimated category return alone, roughly $3,000 in annual spending at that rate would equal the $120 fee before considering the value of insurance, partner benefits, or a welcome offer.
Who it may suit
This card is most relevant for someone who spends consistently on travel and groceries and can use enough of the included value to justify the yearly cost.
What to examine before applying
Compare the purchase interest rate, foreign-transaction fee, approval requirements, reward limits, and insurance certificates. Pay particular attention to merchant-category rules because a store may not receive the reward rate its products appear to suggest.
Other cards to examine
Browse all 126 cards →Compare your alternatives
Issuer terms apply. ClearFin is not affiliated with this provider. How we make money. Card facts were checked against the issuer's official source. The issuer's current catalogue was checked. Any field not explicitly listed remains marked as unverified rather than estimated.