No fees + 21-day interest-free grace period: National Bank MC1 Mastercard

National Bank MC1 Mastercard Overview

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The National Bank MC1 Mastercard is the best low–risk card to manage your expenses. By keeping track of your expenditure with this one credit card, you’ll save money and time.

Not only does the card come with zero annual fees, but it also has a 21-day interest-free grace period. This means purchases made during the month won’t be charged with interest. This grace period will apply as long as you pay your balance within 21 days of the statement date.

In addition, it won’t cost you anything to get an additional card. You’ll also get a host of benefits, including an extended warranty and purchase protection.

In addition, you can benefit from Mastercard perks such as Tap & Go, which allow you to make seamless contactless payments. Also, you get Mastercard ID Check for secure online purchases and Mastercard Zero Liability for unauthorized payments made with your card.

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What’s more, you’ll have access to Priceless Cities. This offer provides benefits such as culinary encounters and exclusive menus in various cities, priority access, and room upgrades.

Given its low fees, this Mastercard could be a frontrunner if you wish to minimize your spending and charges. Also, if you’re a fan of a basic credit card, the National Bank MC1 Mastercard is for you.

Essential Information

Network

Mastercard

Provider

National Bank

Card Type

No fee

Key Perks

Besides having no annual fee, the National Bank MC1 Mastercard has many features.

Insurance

The National Bank MC1 Mastercard provides the following coverage.

Purchase Protection

This card offers purchase protection on all new purchases for up to 90 days. You get a reimbursement for eligible purchases that are stolen or damaged.

Extended Warranty

The National Bank MC1 Mastercard doubles a manufacturer’s standard warranty. This means you’ll get up to one additional year of protection for your purchases.

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Other Benefits

Tap and Go

The National Bank MC1 Mastercard is known for its Tap and Go feature. It’s convenient to checkout by simply tapping your card on a reader.

Fraud Protection

If your card is ever compromised, National Bank will take full responsibility for any unauthorized transactions incurred. Which means you will not be liable.

Secure Online Purchases

Mastercard ID Check protects you from suspicious activities such as fraud when shopping online. This is achieved by a secure identity verification process.

Mastercard Priceless Cities

Considering the National Bank MC1 Mastercard is a low-cost card, Mastercard Priceless Cities is an exciting bonus. You can receive travel credit card discounts and several rewards. Visit National Bank’s website to determine which cities are eligible for this offer.

Mastercard Zero Liability

Mastercard Zero Liability protects you if you lose money from fraudulent card use. With this perk, you won’t be held responsible for unauthorized transactions made with your card.

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Costs and Fees

Annual fee: $0
Additional card fee: $0
The interest rate on purchases: 20.99%
Cash advance interest rate: 22.49%
Balance transfer interest rate: 22.49%
Minimum credit limit: $500
Interest-free grace period: 21 days

FAQs about the
National Bank MC1 Mastercard

How Does the National Bank MC1 Mastercard Differ from Other Credit Cards?

The most significant difference between these cards is the fees. With the National Bank MC1 Mastercard doesn't charge any annual fees. This card also rewards you with more features at low-cost rates. With the National Bank MC1 Mastercard, you'll also never have to worry about foreign transaction fees.

Can I Get Reward Points With the National Bank MC1 Mastercard?

Unfortunately, you cannot earn reward points when you purchase using the National Bank MC1 Mastercard. However, you can enjoy other perks, including an extended warranty and purchase protection.

Does the National Bank MC1 Mastercard Have a Welcome Offer?

No, there is no welcome offer for the National Bank MC1 Mastercard. It offers zero annual fees instead.

Does the National Bank MC1 Mastercard Have Foreign Transaction Fees?

Unlike most Mastercards that typically charge a 2.5% foreign transaction fee, the card does not charge any foreign transaction fees.

What Credit Score Do I Need for a National Bank MC1 Mastercard?

You need a good to an excellent score of over 670 to be eligible for the National Bank MC1 Mastercard.

Who Is the National Bank MC1 Mastercard Best For?

The National Bank MC1 Mastercard is best for people who want to manage their expenses at a low cost. With no annual fees and a 21-day interest-free grace period, the card is perfect for reducing credit card costs.

Can I Add a Card to My Account?

Yes, you can include an additional card in your account. If you add another card, you won’t have to pay an additional fee.

Where Can I Use the National Bank MC1 Mastercard?

You can use the card anywhere that accepts Mastercard. Visit the National Bank website to check what locations accept the National Bank MC1 Mastercard.

General Terms

TM CX Index and Forrester are trademarks of Forrester Research inc National Bank of Canada received the highest CX Index™ score among credit card issuers in Canada in Forrester’s proprietary 2021 CX Index™ survey. The ranking was based on responses from 8,840 measuring 12 brands. The proprietary survey results are based on consumers’ opinions of the experiences with the brands in the survey. Forrester Research does not endorse any company included in any CX Index™ report and does not advise any person to select the products or services of any particular company based on the ratings included in such reports. 1. Grace period: No interest will be charged on purchases made during the month, provided the client pays the balance in full within twenty-one (21) days of the statement date. This grace period does not apply to cash advances or balance transfers. Minimum payment: If your account balance is lower than $10, you must pay the entire balance. If you reside in the province of Quebec, your minimum payment will correspond to 5% of the credit card account balance plus any overdue payment or $10, whichever amount is higher. If you reside outside of Quebec, your minimum payment represents 2.5% of the credit card account balance plus any overdue payment or $10, whichever amount is higher. Account statement: A statement is sent monthly. Examples of credit charges *Variable interest rate in effect on September 1, 2021 2. Balance transfer and cash advance are subject to credit approval by National Bank. Each balance transfer must be at least $250. 3. This coverage applies to purchases charged to the National Bank MC1 card. Extended warranty coverage applies to most new items purchased with the card, in Canada or abroad, as long as the manufacturer's warranty is valid in Canada. Certain conditions and restrictions apply. For more information and for details of your insurance coverage, please consult the insurance certificate associated with your card. 4.Certain conditions apply. Visit mastercard.ca for more information. Refer to the credit card terms and conditions. 5. Subject to credit approval by National Bank. ® Mastercard, is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated. Authorized user: National Bank ® MC1 is a registered trademark of Mastercard International Incorporated. Authorized user: National Bank. ® Tap & Go and Priceless cities are registered trademarks, and the circles design is a trademark of Mastercard International Incorporated. Authorized user: National Bank. TM ID Check and Identity Check are trademarks of Mastercard International Inc. Authorized user: National Bank.