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- Cash Back World Elite Mastercard
Get up to 4x points and premier coverage with a World Elite Mastercard®
Earn higher rewards in the places you spend often, with premium Mastercard benefits and added coverage for eligible purchases, travel, and mobile devices.
Annual Fee: $120
Purchase interest rate: 20.99% fixed
Cash advance interest rate: 22.99%

Earn up to
4 points
for every $1 spent
Travel Coverage
Premium
Mastercard benefits
Cash Back World Elite Mastercard® features
The Cash Back World Elite Mastercard® combines premium cash back rewards with flexible redemption options, comprehensive insurance coverage, and exclusive World Elite Mastercard® benefits.
More valuePremium value with more to earn
Premium value with more to earn
Unlock premium cash back rewards, exclusive benefits, and valuable protections designed for members who want more from every purchase.
Annual fee: $120
Supplementary cards / authorized users: $50 additional card fee
Minimum personal income: $80,000 or
Minimum household income: $150,000 or
Annual credit card spend: $25,000 or
Assets under management $400,000
Flexible rewardsRedeem rewards your way
Choose how you redeem your rewards, whether it's cash deposited directly into your bank account or flexible redemption through the Flex Rewards program.
Redeem rewards your way
Cash deposited directly into your bank account
Redeem through the Flex Rewards program
Flexible redemption options
Accelerated cash backEarn more on the purchases you make most
Earn more on the purchases you make most
Earn more Flex Rewards points in your most common spending categories and keep earning on every eligible purchase.
4 points per $1 on eligible grocery and transit purchases
2 points per $1 on eligible select recurring bills, streaming, and dining
1 point per $1 on all other eligible purchases
Spend with confidencePremium protection and exclusive benefits
Premium protection and exclusive benefits
Travel, shop, and spend with confidence thanks to comprehensive insurance coverage and exclusive World Elite Mastercard® benefits.
Emergency health care coverage
Baggage coverage
24/7 travel assistance
Auto rental collision/loss damage insurance
Purchase protection
Extended warranty insurance
Mobile device insurance
World Elite Mastercard® exclusive benefits
Auto rental benefits
Zero Liability fraud protection
Stay in controlManage your card with ease
Manage your card with ease
Stay in control of your credit card with convenient online and mobile tools to manage transactions, payments, and account activity.
Manage your Collabria-issued credit card online or in the app
View recent transactions
Make payments
Manage your card anytime
Compare YNCU Credit Cards
The features of your credit card should match the way you spend. Compare our options and choose the card that offers the right mix of interest rates, rewards, flexibility, and everyday convenience.
Fees and standard services | ![]() | ![]() |
|---|---|---|
Annual fee | $120.00 | $20.00 |
Reward type | Flex Reward points, with option to redeem to bank account. | This is not a rewards card |
Purchase interest rate | 20.99% fixed | 13.99% fixed |
Cash advance interest rate | 22.99% | 13.99% |
Income required | Must meet at least one listed requirement: $80,000 personal income, $150,000 household income, $25,000 annual spend on a current credit card, or $400,000 in assets under management. | No minimum |
Insurance coverage | Emergency health care and baggage coverage, 24/7 travel assistance, auto rental collision/loss damage insurance, purchase protection, extended warranty insurance, and mobile device insurance. | Purchase protection, extended warranty insurance, and mobile device insurance. |
Premium benefits | World Elite Mastercard exclusive benefits, flexible rewards redemption options, auto rental benefits, and Zero Liability fraud protection. | Standard Mastercard benefits, auto rental benefits, and Zero Liability fraud protection. |
| More about the World Elite® Mastercard® | More about the Classic Mastercard® |


Annual fee
$120.00
$20.00
Reward type
Flex Reward points, with option to redeem to bank account.
This is not a rewards card
Purchase interest rate
20.99% fixed
13.99% fixed
Cash advance interest rate
22.99%
13.99%
Income required
Must meet at least one listed requirement: $80,000 personal income, $150,000 household income, $25,000 annual spend on a current credit card, or $400,000 in assets under management.
No minimum
Insurance coverage
Emergency health care and baggage coverage, 24/7 travel assistance, auto rental collision/loss damage insurance, purchase protection, extended warranty insurance, and mobile device insurance.
Purchase protection, extended warranty insurance, and mobile device insurance.
Premium benefits
World Elite Mastercard exclusive benefits, flexible rewards redemption options, auto rental benefits, and Zero Liability fraud protection.
Standard Mastercard benefits, auto rental benefits, and Zero Liability fraud protection.
Tap, pay, and go. Contactless.
Pay instantly and securely without reaching for your wallet by adding your YNCU Visa Debit Card or Collabria Mastercard® to your Apple Pay®, Google Pay™, or Samsung Pay®. Tokenized technology helps keep your card number from being shared with merchants.

Wait, is the Cash Back World Elite Mastercard® the best fit for me?
Commonly asked questions
This card is a good fit for members who use their credit card often, pay their balance in full, and want higher cash back potential on everyday spending categories6.
The Cash Back World Elite Mastercard has a higher annual fee, higher eligibility requirements, enhanced insurance coverage, and greater cash back earning potential in select spending categories12. It also includes access to a range of premium travel, lifestyle, and Mastercard World Elite benefits designed to deliver added value and convenience†. The Cash Back Mastercard has no annual fee and offers a straightforward cash back earning structure for everyday purchases12.
Both cards earn Flex Rewards points on eligible purchases6. With the Cash Back World Elite Mastercard, points can be redeemed for cash deposited directly into your bank account or for a variety of rewards through the Flex Rewards program††. With the World Mastercard, points can be redeemed through the Flex Rewards program's flexible redemption options††.
The two cards are designed for different spending habits and reward preferences, and insurance coverage varies between them. To see which card may offer the most value based on your everyday spending, try the rewards calculator and compare the features and benefits of each card.
Reward categories are based on merchant category codes assigned by Mastercard. A merchant’s category may not always match what you expect, even if the purchase feels like it belongs in that category.
Yes. The card includes travel-related benefits such as emergency health care and baggage coverage, 24/7 travel assistance, auto rental collision/loss damage insurance, and Mastercard Travel Pass access, subject to program and insurance terms.
No. Meeting one of the listed minimum requirements does not guarantee approval. Applications are still subject to credit approval, identity verification, eligibility criteria, and Collabria’s application review.
Bank from your phone
Easily manage your money, check balances, move money and pay bills.
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†Terms and conditions apply. Visit YNCU (Your Neighbourhood Credit Union) - Mastercard Exclusive Benefits for more details.
††Terms and conditions apply. Visit Home | Flex Rewards for more details.
** Terms and conditions apply. Visit YNCU (Your Neighbourhood Credit Union) - Mastercard Benefits for more details.
1 If annual GROCERIES purchase volume on a Cash Back Card exceeds $5,000 in a calendar year, the points earned for all new net purchases after this amount is reached are those associated with the ‘All other purchases rate’ category until January 1 of the following calendar year.
2 If the combined annual GAS and SUSTAINABLE TRANSIT purchase volume on a Cash Back Card exceeds $5,000 in a calendar year, the points earned for all new net purchases after this amount is reached are those associated with the ‘All other purchases rate’ category until January 1 of the following calendar year.
3 If the combined annual select RECURRING BILLS and DIGITAL STREAMING purchase volume on a Cash Back Card exceeds $5,000 in a calendar year, the points earned for all new net purchases after this amount is reached are those associated with the ‘All other purchases rate’ category until January 1 of the following calendar year.
4 The interest rates are in effect from the date the credit card is approved. For more information, please reference your cardholder agreement or visit online www.collabriacreditcards.ca/cardholder-agreement
5 Insurance coverage is underwritten by American Bankers Insurance Company of Florida (ABIC). ABIC, its subsidiaries, and affiliates carry on business in Canada under the trade name of Assurant®. ®Assurant is a registered trademark of Assurant, Inc. Details of insurance coverage, including definitions, benefits, limitations and exclusions, are in the Certificate of Insurance. The Certificate of Insurance is available online at collabriacreditcards.ca/insurance. Insurance coverage is subject to change.
6 Reward points are earned on net purchases only. Any Cash-like Transactions including Cash Advances, Balance Transfers, and interest charges, fees, payments, credit or debit adjustments and any amount other than Purchases that may be charged to your Account with your Card or Convenience Cheques, do not qualify for Points. For more information visit collabriacreditcards.ca/rewards
7 If annual GROCERY purchase volume on a World Mastercard exceeds $20,000 in a calendar year, the points earned for all new net purchases after this amount is reached are those associated with the ‘All other purchases rate’ category until January 1 of the following calendar year.
8 If annual combined ENTERTAINMENT and DINING purchase volume on a World Mastercard exceeds $15,000 in a calendar year, the points earned for all new net purchases after this amount is reached are those associated with the ‘All other purchases rate’ category until January 1 of the following calendar year.
9 Insurance coverage is underwritten by Desjardins Financial Security Life Assurance Company. Details of insurance coverage, including number of days of coverage, definitions, benefits, limitations and exclusions are in the Travel Insurance Contract. Please visit collabriacreditcards.ca/insurance for complete details. Insurance coverage is subject to change
10 If the combined annual GROCERY and SUSTAINABLE TRANSIT purchase volume on a Cash Back World Elite Mastercard exceeds $20,000 in a calendar year, the points earned for all net new purchases after this amount is reached will be associated with the ‘All other purchases’ rate category until January 1 of the following calendar year.
11 If the combined annual select RECURRING BILLS, DIGITAL STREAMING AND DINING purchase volume on a Cash Back World Elite Mastercard exceeds $20,000 in a calendar year, the points earned for all net new purchases after this amount is reached will be associated with the ‘All other purchases’ rate category until January 1 of the following calendar year.
12 The base value of one reward point is equal to one cent (a penny per point). The cash equivalent shown for illustration purposes only is based upon the redemption of these points as a statement credit. The valuation is for cash equivalent only; the value of redeeming for merchandise and travel may vary.
13 Zero Liability applies to your purchases made with your credit card in the store, over the telephone, online or via a mobile device. As a cardholder, you will not be held responsible for unauthorized transactions if:
- You have used reasonable care in protecting your card from loss or theft; and
- You have reported to Cardholder Service at 1.855.341.4643 (Canada and U.S.) or 1.647.252.9564 (International Collect) when you knew that your credit card was lost or stolen.
If you believe there has been unauthorized use on your account and you meet the conditions above, you are protected by Zero Liability.
™Google and the Google Pay logo are trademarks of Google LLC.
Apple Pay is a trademark of Apple Inc., registered in the U.S. and other countries and regions.
® Samsung and Samsung Pay are trademarks of Samsung Electronics Co., Ltd.
Collabria Financial Services Inc. (“Collabria”) is an independent entity from your credit union with no ownership interest in the other. If you choose to obtain Collabria credit card services through a referral from your credit union, it will receive compensation from Collabria.
® Mastercard, World Elite, World Mastercard and the circles design are registered trademarks of Mastercard International Incorporated. The Collabria Mastercard is issued by Collabria Financial Services Inc. pursuant to a license from Mastercard International Incorporated.

