NBC mycredit Mastercard | 8% Cashback | Milesopedia
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NBC mycredit Mastercard

NBC mycredit Mastercard
Welcome Bonus
$75 cash back
Ends Jun 30, 2023
Annual Fee
$0
  • No annual fee
  • Purchase Insurance
  • Accepted at Costco
Interest rates
Purchase Rates
20.99 %
Cash Advance Rates
22.49 %
Balance Transfer Rates
22.49 %
Best credit card Newcomers- Reversed

Offer

  • Exclusive Welcome Offer: Get $75 Cash Back
  • 1% cashback on purchases in restaurants and eligible recurring pre-authorized payments
  • 0.5% cashback on other eligible purchases
  • Mobile protection: Get insured against theft or damage for up to 2 years following the purchase of your mobile device

Card Awards

Best credit card – newcomers
Best Credit card for Newcomers

Fees & Conditions

Personal Income $0
Household Income $0
Annual Fee $0
First Additional Card $0
Foreign Transaction Fee 2.5%
Purchase Rates 20.99%
Cash Advance Rates 22.49%
Balance Transfer Rates 22.49%

Value

Calculate the rewards
Your Monthly Spending
Year 1
Year 2+
Welcome Bonus
0 $
Annual Credit
Travel benefits
VIP Lounges
First year offer value
Rewards Earned
Annual fee
Net value

Advantages

Offer ends on Jun 30, 2023
Welcome Bonus amount $75 cash back
Minimum Spending Required $1,500
Minimum Spending Timeframe (Months) 3 month(s)
Costco

Earnings

Per dollar of purchases

All Spending 0.5 %
Groceries 0.5 %
Gas 0.5 %
Dining and Food delivery 1 %
Convenience Stores 0.5 %
Drugstores 0.5 %
Local Transport 0.5 %
Travel 0.5 %
Entertainment 0.5 %
Recurring Payments 1 %
Telecom/Internet 1 %
Streaming services 0.5 %
Online transactions 0.5 %
Office Supplies 0.5 %

Insurance

Travel Insurance

Insurance Name
Included
Amount
Duration
Travel Medical Insurance
Travel medical insurance up to 54 years old
Travel medical insurance up to 64 years old
Travel medical insurance 65+
Trip Cancellation Insurance
Trip Interruption Insurance
Common Carrier Travel Accident Insurance
Flight Delay Insurance
Delayed Baggage Insurance
Lost/Stolen Baggage Insurance
Auto Rental Loss/Insurance
Hotel/Motel Burglary Insurance

Other Insurance

Insurance Name
Included
Amount
Duration
Extended Warranty
1 year
Purchase Protection
90 day(s)
Mobile Device Insurance
$1,000
1 year
Price Protection
Insurance Document

Our review

With the NBC mycredit Mastercard, you get:

  • 1% cash back on restaurant purchases and recurring pre-authorized payments
  • 0.5% cash back on all other purchases

For a limited time, with this exclusive welcome offer, you can get $75 Cash Back!

And since it’s a National Bank Mastercard credit card, you can use it at Costco.

Cash back is automatically applied to your credit card statement every billing cycle.

This is a credit card we recommend for those new to credit cards and want a no-fee credit card. Especially since this credit card comes with some insurance for your purchases, including mobile device insurance (which is rare for a no annual fee credit card ).

Alternative Cards

  • No minimum income required
  • Purchase Insurance
  • Accepted at Costco
  • Receive up to 25,000 points when you sign up for a National Bank Platinum Mastercard® credit card and the first year’s annual fee is waived.
  • Earn up to 2 points per dollar spent on certain purchase categories*.
  • Reassuring protection. Travel with peace of mind thanks to our comprehensive insurance coverage up to 10 days
  • Out-of-province-of-residence medical/hospital insurance, Departure flight delay insurance, Baggage insurance in case of delay, Baggages insurance in case of theft or loss, Vehicule rental insurance
  • Trip Cancellation and Trip Interruption Insurance
  • Flight and baggage delay insurance
  • Car rental insurance
  • Purchase insurance against theft or damage
  • Extended warranty
  • Mobile devices insurance against theft or damages for a period of up to 2 years
Legal

Duration of the promotion

February 13, 2023 to April 16, 2023

Card eligible for the promotion

National Bank Platinum Mastercard® credit card.

Promotional advantages and terms and conditions of the promotion

To benefit from this promotion, sign up for the National Bank Platinum Mastercard® credit card no later than April 16, 2023. In addition, you must not be a primary cardholder of a National Bank Mastercard credit card (personal) or have been in the last 24 months.

  • Save on annual fees the first year:

The primary cardholder will be refunded their annual card fee the first year. The refund will appear as a fee and a credit on their statement no later than 4 months after the account was opened.

  • Bonus Rewards points

You could earn a combination of reward points as follows:

Welcome points

You will earn 10,000 reward points if you charge a net purchase amount of $2,500 to the credit card within 3 months of opening your account.

The net purchases charged to the card are calculated over a period of three months, starting at account opening. Your reward points will be added to your credit card account in a single disbursement and appear on your statement no later than 5 months after the account was opened.

Points when you sign up for credit card payment insurance

You will earn 10,000 reward points if you sign up for credit card payment insurance for a minimum of 3 months. To obtain your reward points, complete the sections related to the Credit Card Payment Protection (CCPP) on the credit card application when you open your account.

Your reward points will be added to your credit card account in a single disbursement and appear on your statement no later than 5 months after the account was opened.

Points earned on the 1st anniversary of account opening date

You will earn 5,000 reward points if you charge a net purchase amount of $6,000 to the credit card no later than 12 months after the account was opened.

Points are earned on net purchases for a period of 12 months from the account opening date. Your reward points will be added to your credit card account in a single disbursement and appear by the 2nd statement following your account anniversary date.

Reward points and refund conditions

Net purchases: The net purchase volume is the amount of purchases charged to the account minus returned items and refunds. Annual fees, balance transfers, cash advances (including transactions that can be directly converted to cash, such as money orders, bank transfers, travellers cheques and gaming transactions), interest charges and any other fees or adjustments not considered purchases are not included in the calculation of net purchases.

Account in good standing: The account must be open and in good standing at the time when annual fees are refunded or reward points are applied.

Reward limit: There is a limit of one cashback amount per category (welcome points, points for signing up for credit card payment insurance, and points earned on the 1st anniversary of the account opening date) per credit card account and per client during the promotion, regardless of the number of cards linked to the account.

Change of eligible credit card If you have been enrolled in an eligible card during the Promotional Period and have changed eligible cards prior to the first anniversary of your account, you will be eligible to earn 1st anniversary points for the card that is active on that date, provided you meet the Promotional Requirements.

Other conditions

  • The credit card is issued subject to credit approval by National Bank. Certain conditions apply.
  • The promotion may not be combined with another promotion applicable to National Bank credit cards, nor is it retroactive.
  • You must not be employed by us or by an entity in our group.
  • The promotion may be modified or withdrawn without notice.

*Grocery and Restaurant: The amount of points earned on grocery and restaurant purchases depends on the total gross monthly amount charged to the credit card account, regardless of the purchase category. Earn 2 points per dollar spent on eligible grocery and restaurant expenses. You will earn 2 points for every dollar in eligible grocery and restaurant purchases until a total of $1,000 in gross monthly purchases is charged to the account. After that, you will earn 1.5 points per dollar in eligible grocery and restaurant purchases. The total gross monthly amount is calculated based on your monthly billing period. Grocery purchases include any purchase made at a store that primarily sells food, i.e., grocery store, delicatessen, supermarket, greengrocer or specialty food store. Ready-to-eat meal services and meal delivery services are eligible. This definition excludes purchases made at retail stores and big box stores whose core business is the sale of non-food items. Certain merchants may sell products and services that appear identical or similar to those sold by eligible merchants, or may be separate merchants located on the same premises as eligible merchants, but are classified in different categories by Mastercard. For purchases at other merchants, you will only earn regular rewards points. Restaurant purchases include purchases at a restaurant, fast food restaurant, bar, nightclub or pub.

Gas and Electric Vehicle Charging: To earn 1.5 points per dollar in purchases, you will need to purchase gas or an electrical vehicle charge from a service station or from certain big box stores. Certain merchants may sell products and services that appear identical or similar to those sold by eligible merchants, or may be separate merchants located on the same premises as eligible merchants, but are classified in different categories by Mastercard. For purchases at other merchants, you will only earn regular rewards points.

Recurring Bill: Recurring bill payments are defined as monthly or regular payments automatically charged by a merchant to your National Bank Platinum Mastercard credit card. Not all merchants offer recurring bill payments, and not all recurring payments are considered recurring bill payments. Certain payments therefore may not entitle you to earn more points.

Travel À laCarte: To earn 1.5 points per dollar in purchases, you must make your eligible purchases via the À la carte TravelTM Agency section of our À la carte RewardsTM site.

Other purchasesFor example, if each month you charge $400 in groceries, $200 in gas, $100 in recurring bill payments and $150 in other purchases to your card, your $850 in purchases will earn you 1,350 points, as follows: 800 points for grocery purchases (since the total gross monthly amount is $850, i.e., under $1,000), 300 points for gas purchases, 150 points for recurring bill payments and 100 points for other purchases.

Annual Fee
  • Primary card $70
  • Additional card $35
Annual Income Required
  • Individual $0
  • Household $0
Conversion fees
  • 2.5 %
Interest Rates
  • Purchase Rates 20.99 %
  • Cash Advance Rates 22.49 %
  • Balance Transfer Rates 22.49 %
Earning Rate
  • Groceries2Points
  • Dining and Food delivery2Points
  • Gas1.5Points
Value
  • Year 1 $574
  • Year 2+ $209
Best For
Transfer Partners
  • BNC Rewards

Advantages

  • Annual Credit
  • VIP Lounges
  • Concierge
  • Wifi
  • Travel credit

Travel Insurance

Insurance Name
Included
Amount
Duration
Travel Medical Insurance
Travel medical insurance up to 54 years old
$5,000,000
10 day(s)
Travel medical insurance up to 64 years old
$5,000,000
10 day(s)
Travel medical insurance 65+
$5,000,000
10 day(s)
Trip Cancellation Insurance
$1,000
Trip Interruption Insurance
$1,500
Common Carrier Travel Accident Insurance
Flight Delay Insurance
$500
Delayed Baggage Insurance
$500
Lost/Stolen Baggage Insurance
$1,000
Auto Rental Loss/Insurance
$65,000
48 day(s)
Hotel/Motel Burglary Insurance
  • 5 points per dollar at grocery stores and restaurants
  • Up to $150 Annual Credit
  • Premium Insurance
Best Travel Credit Card in 2023

Exclusive Offer: Earn up to 70,000 points and the first-year annual fee is waived for the primary cardholder.

  • Earn up to 5 points per dollar in eligible grocery and restaurant purchases*
  • Earn 2 points per dollar in eligible gas and electric vehicle charging purchases, recurring bill payments and À la carte (TM) travel purchases*
  • Earn 1 point per 1 dollar in other purchases
  • Up to $150 each year in refund for travel expenses on airport parking, seat selection, check-in fees, airline ticket upgrades and access to airport lounges worldwide
  • Your credit card gives you access to a multitude of rewards. Our customers choose from several options to treat themselves with the points they have accumulated:
    • Get your hands on new electronics, kitchen accessories, gift cards and more
    • Make a payment on your credit card with your points
    • Contribute to your RRSP and TFSA
    • Make a donation to one of the participating charities
    • Plan a trip when you can travel again
    • And more!
  • Free and unlimited access along with one (1) guest to the National Bank Lounge at Montréal-Trudeau airport.
  • Enjoy up to 60 days’ coverage with our travel, trip cancellation/interruption, baggage loss and car rental insurance
  • Out-of-province-of-residence medical/hospital insurance, Departure flight delay insurance, Baggage insurance in case of delay, Baggages insurance in case of theft or loss, Vehicule rental insurance

This promotion is intended for individuals who do not have a National Bank Mastercard credit card and have not held a National Bank credit card within the last 24 months.

Legal

Duration of the promotion

October 3, 2022, to June 30, 2023

Participating partners

This promotion is valid only through strategic partners.

Card eligible for the promotion

National Bank World Elite® Mastercard® credit card.

Promotional advantages and terms and conditions of the promotion

To benefit from this promotion, sign up for the National Bank World Elite Mastercard credit card no later than June 30, 2023. You must sign up via the hyperlink contained in one of the promotional emails sent by one of our participating partners, via one of the promotional banners on their websites, or via one of their webpages.

  • Save on annual fees the first year:

The primary cardholder will be refunded their annual card fee the first year. The refund will appear as a fee and a credit on their statement no later than 4 months after the account was opened.

  • Bonus Rewards points

You will earn reward points or a combination of points as follows:

    • Welcome points

You will earn 30,000 reward points if you charge a net purchase amount of $5,000 to the credit card within 3 months of opening your account.

The net purchases charged to the card are calculated over a period of three months, starting at account opening. Your reward points will be added to your credit card account in a single disbursement and appear on your statement no later than 5 months after the account was opened.

    • Points when you sign up for credit card payment insurance

You will earn 10,000 reward points if you sign up for credit card payment insurance for a minimum of 3 months. To obtain your reward points, complete the sections related to the Credit Card Payment Protection (CCPP) on the credit card application when you open your account.

Your reward points will be added to your credit card account in a single disbursement and appear on your statement no later than 5 months after the account was opened.

    • Points earned on the 1st anniversary of account opening date

You will earn 30,000 reward points if you charge a net purchase amount of $12,000 to the credit card within 12 months of opening your account.

Points are earned on net purchases for a period of 12 months from when the account was opened. Your reward points will be added to your credit card account in a single disbursement and appear by the 2nd statement following your account anniversary date.

  • Reward points and refund conditions
    • Net purchases: The net purchase volume is the amount of purchases charged to the account minus returned items and refunds. Annual fees, balance transfers, cash advances (including transactions that can be directly converted to cash, such as money orders, bank transfers, travellers cheques and gaming transactions), interest charges and any other fees or adjustments not considered purchases are not included in the calculation of net purchases.
    • Account in good standing: The account must be open and in good standing at the time when annual fees are refunded or reward points are applied.
    • Reward limit: There is a limit of one cashback amount per category (welcome points, points for signing up for credit card payment insurance, and points earned on the 1st anniversary of the account opening date) per credit card account and per client during the promotion, regardless of the number of cards linked to the account.

Other conditions

  • The credit card is issued subject to credit approval by National Bank. Certain conditions apply.
  • You must not have a National Bank Mastercard credit card or have had one in the past 24 months.
  • The promotion may not be combined with another promotion applicable to National Bank credit cards, nor is it retroactive.
  • You must not be employed by us or by an entity in our group.
  • The promotion may be modified or withdrawn without notice.
  • Minimum purchase and insurance product required

*Grocery and Restaurant: The amount of points earned on grocery and restaurant purchases depends on the total gross monthly amount charged to the credit card account, regardless of the purchase category. You will earn 5 points for every dollar in eligible grocery and restaurant purchases The accumulation of 5 points per dollar of purchase is valid until a total of $2,500 in gross monthly purchases is charged to the account. After that, you will earn 2 points per dollar in eligible grocery and restaurant purchases. The total gross monthly amount is calculated based on your monthly billing period. Grocery purchases include any purchase made at a store that primarily sells food, i.e., grocery store, delicatessen, supermarket, greengrocer or specialty food store. Ready-to-eat meal services and meal delivery services are eligible. This definition excludes purchases made at retail stores and big box stores whose core business is the sale of non-food items. Certain merchants may sell products and services that appear identical or similar to those sold by eligible merchants, or may be separate merchants located on the same premises as eligible merchants, but are classified in different categories by Mastercard. For purchases at other merchants, you will only earn regular rewards points. Restaurant purchases include purchases at a restaurant, fast food restaurant, bar, nightclub or pub.

Gas and Electric Vehicle Charging: To earn 2 points per dollar in purchases, you will need to purchase gas or an electrical vehicle charge from a service station or from certain big-box stores. Certain merchants may sell products and services that appear identical or similar to those sold by eligible merchants, or may be separate merchants located on the same premises as eligible merchants, but are classified in different categories by Mastercard. For purchases at other merchants, you will only earn regular rewards points.

Recurring Bill: Recurring bill payments are defined as monthly or regular payments automatically charged by a merchant to your National Bank World Elite Mastercard credit card. Not all merchants offer recurring bill payments, and not all recurring payments are considered recurring bill payments. Certain payments therefore may not entitle you to earn more points.

À la Carte Travel: To earn 2 points per dollar in purchases, you must make your eligible purchases via the À la carte TravelTM Agency section of our À la carte RewardsTM site.

Other purchaseFor example, if each month you charge $400 in groceries, $200 in gas, $100 in recurring bill payments and $150 in other purchases to your card, your $850 in purchases will earn you 2,750 points, as follows: 2,000 points for grocery purchases (since the total gross monthly amount is $850, i.e., under $2,500), 400 points for gas purchases, 200 points for recurring bill payments and 150 points for other purchases.

Annual Fee
  • Primary card $150
  • Additional card $50
Annual Income Required
  • Individual $80,000
  • Household $150,000
Conversion fees
  • 2.5 %
Interest Rates
  • Purchase Rates 20.99 %
  • Cash Advance Rates 22.49 %
  • Balance Transfer Rates 22.49 %
Earning Rate
  • Groceries5Points
  • Dining and Food delivery5Points
  • Gas2Points
Value
  • Year 1 $1,853
  • Year 2+ $923
Best For
Transfer Partners
  • BNC Rewards

Advantages

  • Annual Credit
  • VIP Lounges
  • Concierge
  • Wifi
  • Travel credit

Travel Insurance

Insurance Name
Included
Amount
Duration
Travel Medical Insurance
Travel medical insurance up to 54 years old
$5,000,000
60 day(s)
Travel medical insurance up to 64 years old
$5,000,000
31 day(s)
Travel medical insurance 65+
$5,000,000
15 day(s)
Trip Cancellation Insurance
$2,500
Trip Interruption Insurance
$5,000
Common Carrier Travel Accident Insurance
Flight Delay Insurance
$500
Delayed Baggage Insurance
$500
Lost/Stolen Baggage Insurance
$1,000
Auto Rental Loss/Insurance
$65,000
48 day(s)
Hotel/Motel Burglary Insurance
  • 1.5% cash back on online purchases
  • Purchase Insurance
  • Accepted at Costco
  • Earn up to 1.5% cash back on eligible purchases (gas, groceries and online)
  • Earn unlimited 1% cash back on all other qualifying purchases
  • Earn a minimum of $25 cash back and access your account online to apply it to your credit card statement
  • Purchase insurance against theft or damage
  • Extended warranty
Legal

Credit card is issued subject to credit approval by National Bank. For new holders, certain conditions apply.

For credit terms and conditions applicable to the product, click here.

Annual Fee
  • Primary card $30
  • Additional card $0
Annual Income Required
  • Individual $0
  • Household $0
Conversion fees
  • 2.5 %
Interest Rates
  • Purchase Rates 20.99 %
  • Cash Advance Rates 22.49 %
  • Balance Transfer Rates 22.49 %
Milesopedia Links
Earning Rate
  • Groceries1.5%
  • Gas1.5%
  • Online transactions1.5%
Value
  • Year 1 $252
  • Year 2+ $252
Best For
Transfer Partners
  • Cashback

Advantages

  • Annual Credit
  • VIP Lounges
  • Concierge
  • Wifi
  • Travel credit

Travel Insurance

Insurance Name
Included
Amount
Duration
Travel Medical Insurance
Travel medical insurance up to 54 years old
Travel medical insurance up to 64 years old
Travel medical insurance 65+
Trip Cancellation Insurance
Trip Interruption Insurance
Common Carrier Travel Accident Insurance
Flight Delay Insurance
Delayed Baggage Insurance
Lost/Stolen Baggage Insurance
Auto Rental Loss/Insurance
Hotel/Motel Burglary Insurance
4.1 Milesopedia Rating