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This section sets out the maximum coverage amounts or periods. Please review your insurance certificate for details, exclusions and limitations of your coverage, terms and conditions apply.
The National Bank MC1 Mastercard is a no-annual-fee credit card, designed as a simple, convenient everyday payment solution. It gives you access to your funds anywhere in the world where Mastercard is accepted.
The card includes a purchase insurance program to protect your purchases and the Mastercard Zero Liability program, which frees you from liability for unauthorized purchases. It does not include a rewards program.
The annual interest rate is 20.99% on purchases and 22.49% on cash advances. A 2.5% foreign transaction fee applies to purchases made in a foreign currency.
The card has no annual fee.
The card offers competitive interest rates for purchases and balance transfers.
This card focuses on simplicity and does not primarily offer a rewards or cash back program.
Yes, the card includes purchase protection and an extended warranty.
The card offers flexible credit limit options to suit various financial needs.
Enhanced security features such as Mastercard ID Check are included for safer online shopping.
Cardholders can access unique experiences and offers through the Mastercard Priceless Cities program.
Credit terms
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 is the greater of 5% of your account balance, plus any overdue amounts, or $10.
If you live outside Quebec, your minimum payment is 2.5% of your credit card balance, plus any past-due amount or $10, whichever is greater.
Account statement: A statement is sent monthly.
Example of credit charges over a 30-day period
*Variable interest rate in effect on September 1, 2021.
Balance transfer and cash advance are subject to credit approval by National Bank. Each balance transfer must be at least $250.
Savings this way:
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