Per dollar of purchases
There may be a daily maximum amount depending on the type of fees paid
With the National Bank mycredit Mastercard, you get:
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 ).
The National Bank mycredit Mastercard has no annual fee.
Earn 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
Subject to credit approval by National Bank of Canada. The cashback granted is 1% on restaurant purchases and on recurring pre-authorized payments when you use recurring automatic transfers with your mycredit account. The cashback of 0.5% applies to all other eligible purchases during a billing cycle. The account must be in good standing when the cashback is awarded. Your account is in good standing when you comply with the obligations of your cardholder agreement (e.g., making your minimum payment by the due date). These eligible automatic transfers are defined as regular payments that are automatically withdrawn by a merchant on your credit card. Balance transfers, cash advances and fees resulting from the use of the card are excluded from the cashback calculation. For conditions and restrictions that apply to cashback rewards, refer to theCash Back Program[PDF].
Mobile device protection
Subject to the mobile device’s purchase with the card or mobile plan settled by recurring pre-authorized payments from your mycredit 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 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.
Example of credit charges over a 30-day period
*Variable interest rate in effect on September 1st, 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.
