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  • $0 Annual fee
  • $0 Welcome Bonus
  • 1% Rewards Rate
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National Bank mycredit Mastercard Overview

The National Bank mycredit Mastercard is a good choice for anyone looking for a simple reward program. You can earn up to 1% when dining out and for pre-approved payments such as bills.

Every other purchase earns 0.5% cashback. The cashback you earn is deducted automatically from your credit card balance each month.

Also, the National Bank mycredit Mastercard is a good option if you’re looking for an introductory card with zero annual fees. You can save the average $120 annual fee with this card in your pocket.

While the cashback you earn may not trump offerings from other credit cards, the card has several benefits. You will receive purchase protection and an extended warranty. Also, you get mobile device insurance, a rarity with most cashback cards available in Canada.

Also, you’ll get a host of Mastercard benefits, including Priceless Cities, Zero Liability and Tap & Go. You’ll also be able to add other cardholders to your account to increase your cashback rewards.

One other thing that makes this card appealing to everyone is the basic eligibility requirements. You may be approved if you meet the legal status and age requirements.

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Essential Information

Network

Mastercard

Provider

National Bank

Card Type

Cashback

Rewards

With the National Bank mycredit Mastercard, you’ll be automatically enrolled in the National Bank Cashback program.

Cashback

As a holder of the National Bank mycredit Mastercard, you’ll earn:

  • 1% cashback on restaurant purchases and recurring automatic transfers, and
  • 0.5% on every other eligible purchase

Insurance

The National Bank mycredit Mastercard offers the following coverage.

Mobile Device Insurance

If you use your National Bank mycredit MasterCard to purchase a mobile device, you’ll get up to $1000 coverage. The insurance protects your device from theft or damages for a period of up to 2 years. It doesn’t cover unexplained losses of a mobile device.

Purchase Protection

Purchase protection covers instances of theft or damage to items charged to your National Bank mycredit Mastercard. Products receive coverage for up to 90 days from the purchase date.

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Extended Warranty

You can avoid paying for an additional warranty on your purchases using the National Bank mycredit Mastercard. Product warranties are extended for one additional year after the manufacturer’s original warranty expires.

An extended warranty provides secondary coverage. This is useful if you plan to buy household appliances.

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Other Perks

Besides cashback rewards, all National Bank mycredit Mastercard holders receive the following benefits.

  • Mastercard® ID Check – protects you against fraud when shopping online by verifying your identity.
  • Mastercard Zero Liability – keeps you from being held liable for unauthorized card transactions.
  • Mastercard Tap & Go® – allows you to checkout quicker by making contactless payments.
  • Option of adding more cards to your account to maximize cashback rewards.
  • Access to unique experiences with Priceless Cities®, including culinary encounters and priority access.
  • Ability to lock your card temporarily or replace it through your online bank if it’s lost or missing.

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

FAQ

Should I get the National Bank mycredit Mastercard?

This card is suitable for people who don’t want to accumulate a lot of debt. And for those who want a card for essential purposes. It’s especially great if you want a card that can improve your credit score.

Who Is This Card Not Suitable For?

If you don’t have a regular source of income, this card may not be best for you. For instance, if you are self-employed. It’s better to opt for a different card because the 20.99% interest charged on purchases can accumulate quickly.

What Are the General Eligibility Requirements?

To qualify for the National Bank mycredit Mastercard, you must be 18 years old or older. This age requirement varies depending on your province’s age of majority. You should also be a Canadian resident at the time of your application.

What Is the Credit Score Requirement for the National Bank mycredit Mastercard?

To qualify for the National Bank mycredit Mastercard, you should have a good credit score. It should be 600 or higher.

What Benefits Come With the National Bank mycredit Mastercard?

The National mycredit Mastercard comes with purchase insurance. This covers damage or theft to eligible purchases made with your card for up to 90 days. You’ll also receive mobile insurance for eligible mobile devices purchased with your card. And an extended warranty of up to 1 extra year.

Does the National Bank mycredit Mastercard Come With a Welcome Bonus?

Unfortunately, the National Bank mycredit Mastercard doesn’t come with a welcome bonus. However, it has zero annual fees and no additional fees on extra cards.

What Is the Minimum Income Requirement?

If you want to sign up for a National Bank mycredit Mastercard, you’ll be glad to know it has no income requirement. Therefore, almost anyone can receive approval for this card.

National Bank mycredit Mastercard Details

Provider
National Bank
Network Provider
Mastercard
Card Type
Balance Transfer, Rewards
Rewards Type
Cashback
Annual Fee
$0
Purchase Interest Rate
22.99%
Cash Advance Rate
22.49%
Balance Transfer Rate
22.49%
Credit Needed
Good (660 - 724)
                                                                                                                    

National Bank mycredit Mastercard Offices

Phone Number
1-888-835-6281
Email
info@nbc.ca
Hours
Monday to Friday, 7 a.m. to 10 p.m. (ET), Saturday and Sunday, 8 a.m. to 8 p.m. (ET)
Address
600 Gauchetiere St W Montreal QC H3B 4L2 Canada
Social
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National Bank mycredit Mastercard Card Details
  • Min. Credit :
    Good (660 - 724)
                                                                    
  • Card Type : Balance Transfer, Rewards
  • Reward Type : Cashback
  • Providers : National Bank
  • Network Provider : Mastercard
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Characteristics
  • Bonuses
  • Rewards
Experience
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  • Usability

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