What are the annual fees for the National Bank mycredit Mastercard?

The National Bank mycredit Mastercard has no annual fee.

How does the cash back program work with the National Bank mycredit Mastercard?

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

What are the interest rates for purchases and cash advances with the National Bank mycredit Mastercard?

The interest rate is 20.99% for purchases and 22.49% for balance transfers and cash advances.

Does the National Bank mycredit Mastercard offer insurance for mobile devices?

Yes, it offers insurance against theft or damage to mobile devices purchased with the card or paid for by pre-authorized payments.

What additional insurance is included with the National Bank mycredit Mastercard?

It includes purchase insurance against theft or damage for 90 days and an extended warranty that doubles the manufacturer’s warranty period.

Does the National Bank mycredit Mastercard offer security features for online purchases?

Yes, it includes Mastercard ID Check for extra protection when shopping online.

Does the National Bank mycredit Mastercard offer contactless payment options?

Yes, it’s equipped with Tap & Go functionality for fast, secure payments.

NBC mycredit Mastercard

Offer

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

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%

Advantages

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

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

There may be a daily maximum amount depending on the type of fees paid

Other Insurance

Extended Warranty

1 year

Purchase Protection

90 day(s)

Mobile Device Insurance

$1,000

2 year(s)

Price Protection

Alternative Cards

Featured

Carte Mastercard Platine Banque Nationale

National Bank Platinum Mastercard^®

Up to 25,000 Points

Ends Oct 31, 2024

First year value : $574

Apply Now

Exclusive

National Bank World Elite Mastercard

Up to 35,000 Points

Ends Oct 31, 2024

First year value : $1,538

Apply Now

NBC ECHO Cashback Mastercard

No Welcome Offer

First year value : $252

Apply Now

Legal

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

Annual interest rate	Average balance
	$500	$3,000
22,49 %	$9.24	$55.45
20,99 %	$8.63	$51.76
12,9 %	$5.30	$31.81
8,9 %	$3.66	$21.95

*Variable interest rate in effect on September 1^st, 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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