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Per dollar of purchases
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.
With NBC mycredit Mastercard, you get:
And since it’s a Mastercard credit card, you can use it at Costco.
Cash back is automatically applied to your credit card account balance when each monthly statement is issued.
This is a credit card we recommend for those new to credit cards and want a no-fee credit card. What’s more, this credit card comes with a number of insurances for your purchases, including mobile device insurance (which is rare for a credit card with no annual fee).
The National Bank mycredit Mastercard has no annual fee.
You get 1% cash back on restaurant purchases and recurring pre-authorized payments, and 0.5% on all other eligible purchases.
The interest rate is 20.99% for purchases and 22.49% for balance transfers and cash advances.
Yes, it offers insurance against theft or damage to mobile devices purchased with the card or paid for by pre-authorized payments.
It includes purchase insurance against theft or damage for 90 days and an extended warranty that doubles the manufacturer’s warranty period.
Yes, it includes Mastercard ID Check for extra protection when shopping online.
Yes, it’s equipped with Tap & Go functionality for fast, secure payments.
Cash back details
Card issued subject to National Bank credit approval. A 1% cash back is granted on restaurant purchases and recurring pre-authorized payments when settled by recurring automatic payments to your macrédit account. The 0.5% cash back applies to all other eligible purchases during a billing cycle. The account must be in good standing when the cash back is disbursed. Your account is in good standing when you meet the obligations of your credit card agreement (e.g., making the minimum payment by the due date). Eligible pre-authorized payments are defined as payments made regularly and automatically debited by a merchant from your credit card. Balance transfers, cash advances, and fees related to card usage are not included in the cash back calculation. To learn about the terms and restrictions applicable to cash back, consult the Cash Back Program [PDF].
Mobile device protection
Subject to purchase of device with card or telephony service subscription paid by recurring pre-authorized payments from your macro-credit account.
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.
®MASTERCARD is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated. National Bank is an authorized user.
®NATIONAL BANK and the NATIONAL BANK logo are registered trademarks of National Bank of Canada.
TM mycredit is a trademark of National Bank of Canada.
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