National bank credit cards are some of the best in the market. Most boast no annual fees while earning cardholders great rewards.National Bank credit cards are some of the best in Canada. Discover the different cards available, as well as their benefits, perks & more.
Depending on the card you choose, you can also benefit from comprehensive insurance, purchase protection, and an extended warranty.
There are eight National Bank credit cards available. They cover the typical categories, such as student, cashback, travel rewards, no annual fee, and low interest.
National Bank also offers a credit card that allows you to give back to the Quebec Breast Cancer Foundation. The maximum annual fee on a National Bank credit card is $150.
It’s no secret that it takes lots of research to find the best credit card. All the legwork is necessary because finding the right credit card can save you hundreds of dollars annually.
This article will walk you through the entire National Bank credit card catalogue. We’ll also provide pointers for choosing the right credit card for you. Let’s get started.
The suite of National Bank credit cards includes:
As you may have guessed, these eight National Bank credit cards run on the Mastercard payment processing network. This means you can use your card at millions of stores and in several countries.
Therefore, you won’t have to worry about card acceptance. As long as you see a Mastercard logo, your card will be accepted.
With such a wide range of credit cards, you can find one for any need. This includes saving on interest, earning rewards, and donating to a cause. Below are more details about the different National Bank credit cards.
If you want to earn rewards whenever you use your credit card, look no further than the World Elite Mastercard. This is one of the best credit cards in the market for earning lucrative rewards points.
You’ll receive up to 2 points for every $1 spent on eligible purchases. You can redeem the points you earn for airline tickets, vacation packages, gift cards, merchandise, and more.
Anyone who travels often or plans to take more trips will find immense value in the National Bank World Elite Mastercard. The reason is that it comes with a comprehensive travel insurance package.
The interest rates on this card are as follows:
For a $150 annual fee, which is refunded in the first year, you’ll receive the following benefits:
A step down from the World Elite Mastercard, the National Bank World Mastercard has a lower annual fee of $115. Therefore, if you're looking for a credit card with a lower annual fee and excellent benefits, this one is worth considering.
What's more, the annual fee is refunded in the first year of card ownership.
The National Bank World Mastercard earns you 2 points on all card purchases. You can redeem your points for new electronics, gift cards, statement credits, and travel.
The interest rate on purchases is 20.99%, while the balance transfer and cash advance interest rate is 22.49%.
As a holder of the National Bank World Mastercard, you’ll benefit from:
Platinum credit cards have a reputation for looking good and carrying premium perks. The National Bank Platinum Mastercard doesn’t fall short in both regards.
It boasts a stunning exterior, rewards points, and comprehensive travel insurance.
The Platinum Mastercard has the essential eligibility criteria unique to most National Bank credit cards. This includes having no income requirement. Therefore, if your income doesn’t qualify you for the World and World Elite Mastercard, it’s the best alternative.
You'll earn 1 point on eligible card purchases with the Platinum Mastercard. It also gives you access to the benefits World, and World Elite cardholders enjoy.
This includes travel coverage and purchase protection. You'll get all this and more for a reasonable annual fee of $35.
The Platinum Mastercard is great for frequent travellers. It’s also ideal for anyone looking to earn rewards on their credit card purchases.
As a holder of the Platinum Mastercard, you’ll earn the following perks.
No annual fee credit cards like the National Bank MC1 Mastercard make owning a credit less risky. It's the best way to manage your expenses without the pressure of additional card fees. Besides not having an annual fee, this credit card has a 21-day interest-free grace period.
The standard interest rates of National Bank credit cards apply to the MC1 Mastercard. Purchases have an interest rate of 20.99%. The charge on balance transfers and cash advances is 22.49%.
If you’re looking for a basic credit card, the MC1 Mastercard should be on your radar. It’s the best way to minimize your charges and spending when used responsibly.
The National Bank MC1 Mastercard comes with the following benefits:
As far as low-interest credit cards go, the National Bank Syncro Mastercard is worth checking out. It has a minimum interest rate on purchases of 8.90% and a minimum balance transfer interest rate of 12.90%.
Bear in mind that the interest rates on this credit card fluctuate with the prime rate set by National Bank.
Although you won't earn any points or cashback with this card, you'll benefit from a low-interest rate. The eligibility requirements are also basic enough for anyone to qualify for the Syncro Mastercard.
What’s more, it has a 21-day interest-free grace period. Therefore, you won't incur interest if you pay your balance in full within 21 days of the statement due date.
The National Bank Syncro Mastercard provides the following benefits:
Rewards credit cards are great for earning points or cashback and for accessing premium perks. Like the National Bank mycredit Mastercard, cashback credit cards boast easily understandable terms and flexible redemption options.
With the National Bank mycredit Mastercard, you will earn 1% cashback on dining and recurring automatic transfers. And 0.5% on every other eligible purchase. You can earn these great rewards without having to pay an annual fee.
That said, this card is best if you want to save on credit card fees while earning rewards on your purchases.
What’s more, the eligibility criteria are basic, so almost anyone can get approval for this credit card. The interest rates are as follows:
As a National Bank mycredit Mastercard holder, you’ll receive the following perks:
If you’re looking to donate to a cause, the National Bank Allure Mastercard should be on your radar. You can support the Quebec Breast Cancer Foundation with this credit card in hand.
National Bank will donate $0.10 for every $10 charged to your credit card.
Besides donating to the foundation, the National Bank Allure Mastercard can earn you rewards points. For every $2 you spend, you'll earn 1 point.
Moreover, every 1,000 points earned will grant you a discount of $10 on your credit card statement once a year.
You can reap all the benefits of the Allure Mastercard without paying an annual fee. Also, there aren’t any income requirements for this credit card, so almost anyone can qualify.
The standard interest rate on purchases of 20.99% applies, while the balance transfer and cash advance rate is 22.49%.
The National Bank Allure Mastercard has the following benefits:
The ECHO Cashback Mastercard is one of the best National Bank credit cards to earn cashback in common spending categories. Frequent shoppers will benefit from this card, as you'll earn 1.5% cashback on gas, groceries, and online purchases.
Also, you'll receive a 1% return on dining, entertainment, utilities, and more.
Besides frequent shoppers, the National Bank ECHO Mastercard is ideal if you want a simple Mastercard that earns rewards.
This card has a reasonable annual fee of $30. The interest rate on purchases is 20.99%, which is higher than most credit cards and requires responsible card use.
With the ECHO Cashback Mastercard, you’ll receive the following benefits:
Given the wide range of National Bank credit cards, it’s understandable if you don’t know which one to go for. The first thing to consider is your credit card needs when choosing one.
A credit card with a low-interest rate, like the Syncro Mastercard, is ideal if you're a student.
Frequent travel dictates a credit card that will provide travel insurance and rewards that can be redeemed for flights. National Bank has three for this purpose: World Elite, World, and Platinum Mastercard.
If you buy groceries, gas, and dine out often, the National Bank cashback credit cards are best. Remember, when choosing a rewards credit card, assess whether the rewards program is truly beneficial.
Besides your credit card needs, consider the eligibility criteria as well. Most National Bank credit cards have income requirements, but not all.
You can quickly eliminate those you don't qualify for and focus on deciding between the remaining cards. Also, look at the annual fee, purchase interest rate, and balance transfer charges.
National Bank offers a wide range of credit cards to consumers. Whether you’re a frequent traveller or a student, you can find a suitable credit card. Most National Bank credit cards carry no annual fee, while others offer lucrative rewards.
Deciding on which of the National Bank Credit Cards is best, will depend entirely on your personal requirements. Therefore, when shopping for a National Bank credit card, consider what you'll likely use the card for. And determine what you’d like to get out of a credit card.
It’s also a great idea to assess the interest rate on purchases and balance transfers. And, before applying, find out if you meet all the requirements for your chosen credit card.
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There’s no single-best National Bank credit card because everyone has their own preferences. One credit card holder might enjoy the National Bank World Elite Mastercard because of its travel insurance. Another might enjoy it because it provides VIP lounge access.
The better question would be, ‘What’s the best National Bank credit card for me?’ Consider what you’re looking for in a credit card. The ECHO, Mycredit, World, and World Elite Mastercards are ideal if it’s earning rewards you’re after.
For interest savings, you can look into the Syncro Mastercard. Students may find the MC1 and Syncro Mastercard an ideal first credit card because of its $0 annual fee.
Each National Bank credit card has specific requirements for approval. However, some criteria overlap between the different credit cards. This includes being the age of majority in your province, which is 18 or 19 years old. And being a Canadian resident.
The only National Bank credit cards with an income requirement are the World and World Elite Mastercards. These are the income requirements for each credit card:
Unfortunately, you may not be approved for a National Bank credit card if you have less-than-perfect credit. All the National Bank credit cards require good to excellent credit. This means a low-interest credit card will be out of your scope if you need it to manage your debt.
The specific credit score requirement for those living in Quebec is 640. If you live outside of Quebec, the credit score required for a National Bank credit card is 660. The best thing you can do if you have bad credit is to improve your credit score. That way, you’ll qualify for a National Bank credit card.
Yes, you can apply for a National Bank Credit Card online. Simply fill out an online application, which may take you less than five minutes. To begin an application, visit the National Bank website. Click on credit cards in the navigation bar.
Browse the credit cards and pick one that’s suitable for you. Tap ‘apply now’ below the credit card’s description. You’ll be redirected to another page where you can begin your application.
To apply for a National Bank credit card, you’ll need to provide information about yourself and your income. You’ll also need to verify your identity on the system.
National Bank credit card rewards points can be redeemed by signing into your account at rewards.nbc.ca. Alternatively, you can call the À la carte Rewards Centre’s toll-free line, which National Bank claims is easier and faster. Remember that you must meet some conditions before redeeming your rewards points.
You must have a Canadian address. In addition, your credit card account must adhere to your credit card agreement conditions. This means you paid your annual fees and settled any minimum payments by their due dates.
Rewards points can be redeemed for gift cards, beauty and home products, and donations. Also, you can redeem your points for travel through the À la carte Travel™ Agency.