Get the lowest interest rates available with National Bank Syncro Mastercard

National Bank Syncro Mastercard Overview

Editorial Note: Comparewise is supported by our readers. When you find products and services through links on our site, we may earn commission.

The National Bank Syncro Mastercard offers one of the lowest interest rates available. In addition, you’ll receive peace of mind with its comprehensive protection and insurance features.

Rather than offer reward points, the National Bank Syncro Mastercard focuses entirely on providing valuable features and saving you money.

You’ll benefit from fraud protection through Mastercard Zero Liability and Mastercard ID Check and seamless payments through Mastercard Tap & Go. In addition, you’ll receive purchase protection and an extended warranty on eligible purchases made with your card.

As a bonus, your credit score doesn’t determine your chances of being approved for the National Bank Syncro Mastercard. Therefore, if you have a poor credit score, you can apply for this card.

The National Bank Syncro Mastercard has a low annual fee of $35. It also offers a 21-day interest-free grace period. Therefore, purchases made during the month won’t be charged with interest. This is as long as you pay your balance in full within 21 days of the statement due date. The interest rate on purchases is 4% + the prime rate.

Overall, the National Bank Syncro Mastercard is a good fit for anyone who wants a low-interest, feature-rich credit card.

Essential Information

Network

Mastercard

Provider

National Bank

Card Type

Low interest

Key Perks

The National Bank Syncro Mastercard comes with the following benefits.

Tap and Go

Tap and Go is a convenient and fast way to make payments. All you have to do is tap your card on a reader to pay for your purchases. Tap & Go is one of the most valuable perks on the National Bank Syncro Mastercard.

Purchase Protection

The National Bank Syncro Mastercard provides purchase protection. This ensures purchases charged to your card are protected in case of theft or damage for up to 90 days.

National Bank Review Credit Cards - Comparewisel

Fraud Protection

With the National Bank Syncro Mastercard, you never have to worry about being liable for unauthorized transactions made with your card. You’ll benefit from Mastercard’s Zero Liability policy.

In addition, you can call customer support if you notice suspicious or unusual activity on your account. You also have the option of temporarily locking your card through online banking.

Extended Warranty

As a National Bank Syncro Mastercard holder, you’ll benefit from an extended warranty. This doubles a manufacturer’s original warranty, granting any items you purchase an additional year of protection. To qualify for this perk, you must charge your purchase on your National Bank Syncro Mastercard.

Secure Online Purchases

This helpful feature further protects you against fraud. With the Mastercard ID Check perk, your identity is protected when making online purchases. This is achieved by a secure identity verification process. Therefore, you can have peace of mind while shopping online.

Costs and Fees

Annual fee: $35
Additional card fee: $0
The interest rate on purchases: 4% + prime rate [4% + 6.70% = 10.70%] (current rate)
Cash advance interest rate: 8% + prime rate or min. of 12.90% (current rate is 14.70%)
Balance transfer interest rate: 8% + prime rate or min. of 12.90% (current rate is 14.70%)
Minimum credit limit: $500
Interest-free grace period: 21 days

FAQs about the
National Bank Syncro Mastercard

Should I Get the National Bank Syncro Mastercard?

The National Bank Syncro Mastercard is suited for anyone who doesn't want a credit card with high fees. It's also best if you're looking for a low-interest credit card to minimize debt.

Am I Eligible for the National Bank Syncro Mastercard?

To be approved for the National Bank Syncro Mastercard, you must:

Be a Canadian resident
Be the age of majority in your province or territory (18 or 19 years old)
Meet the credit score requirement

What Is the Credit Score Requirement for this Card?

A fair to good credit score of 660 - 724 is required to qualify for the National Bank Syncro Mastercard.

What Information Do I Need to Provide in My Application?

You’ll need to provide your personal information, contact details, and financial information.

What Is a Prime Rate?

The prime rate is the annual variable interest rate determined by National Bank. It’s used to determine how much interest is charged on demand loans granted in Canada. And it varies depending on several factors.

How Can I Avoid High Card Fees With the National Bank Syncro Mastercard?

Pay your balance in full within 21 days of your statement due date. This way, you won’t have to pay any interest. Additionally, do not exceed your credit limit.

When Will I Receive My Credit Card?

If you're approved for a National Bank Syncro Credit card, it will be mailed to you within 7-10 business days.

How Can I Find Out the Status of My Card Application?

You can check the status of your online application by signing into your National Bank account. Select ‘applications’, and you should see the status of your application.

What Should I Do If My Card Is Lost Or Stolen?

The safest thing to do is call the customer support number to temporarily deactivate your card. You can also temporarily freeze your card through your online banking portal.

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 2022 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. TM SYNCRO is a trademark of National Bank of Canada. ® Mastercard an Tap & Go 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. ® Priceless cities is a registered trademark of Mastercard International Incorporated. Authorized user: National Bank. 1. The prime rate means the annual variable interest rate posted by National Bank, from time to time, and used by the Bank to determine the interest rates on the demand loans it grants in Canadian dollars in Canada. 2. The interest rate for the SYNCRO card consists of a variable prime rate set by National Bank plus a fixed adjustment rate of 4% for purchases and 8% for balance transfers and cash advances. Please note that the annual interest rate for the SYNCRO card will not be less than 8.9% for purchases and 12.9% for balance transfers and cash advances. 3. 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. *Variable interest rate in effect on September 1, 2021 4. Balance transfers and cash advances are subject to credit approval by National Bank. Each balance transfer must be at least $250. 5. This coverage applies to purchases charged to the National Bank Syncro 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. 6. Certain conditions apply. Visit mastercard.ca for more information. Refer to the credit card terms and conditions. 7. Subject to credit approval by National Bank.