- No annual fee
- 20.99% interest rate on purchases
- 22.49% interest rate on balance transfer and cash advances
- Earn cashback at a rate of 1% on restaurants purchases and recurring pre-authorized payments
- Get 0.5% cashback on all other eligible purchases.
- Cashback will automatically be deducted each month from the balance on your bill.
-
Priority airport services
No
-
Airport lounge access
No
-
Concierge service
No
-
Balance protection(Optional)
No
-
Purchase Security & Extended Protection Insurance
Yes
-
Flight delay insurance,Baggage Insurance
No
-
Vehicle rental insurance
No
-
Travel accident insurance
No
-
Travel medical insurance
No
- Annual Fee: $0
- Additional Card Fee: $0
- Purchases Interest Rate: 20.99%
- Cash Advance Interest Rate: 22.49%
- You're a Canadian resident
- You've reached the age of majority in your province or territory
Mobile protection
Get insured against theft or damage for up to 2 years following the purchase of your mobile device.
Purchase protection
Protect your new purchases from loss, theft or damage for up to 90 days after the date of purchase.
Extended warranty
Get up to double the manufacturer's warranty for most items purchased using your credit card.
Secure online purchases
Mastercard® ID CheckTM is a service that protects you against fraud by verifying your identity when making online purchases.
Fraud protection
Benefit from Mastercard's Zero Liability policy—you won't be liable for unauthorized transactions completed with your card.
Overview
The mycredit Mastercard offers up to 1% cash back on everyday purchases. The credit card also comes with extra insurance coverage and no annual fee. Check out the other features below.
Key Features and Benefits- No annual fee and standard interest rates
- Earn up to 1% cash back
- Mobile protection, purchase protection, fraud protection and extended warranty coverage included
- No annual fee
- Mobile protection
- Earn 1% cash back on restaurant purchases and recurring pre-authorized payments, all other purchases earn at a rate of 0.5%
- National Bank is rated as one of the best banks for customer service support
- No reduced fees or special offers
- Cash back rewards are automatically applied to your monthly bill, there is no option to withdraw the cash
The mycredit Mastercard is an optimal choice for individuals who primarily spend on restaurant purchases and recurring payments with their credit card. The cash back you earn is automatically applied to your bill every month and you get extra coverage(mobile protection) for your mobile device.
Legal notes :
®Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated. Authorized user: National Bank
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 |
|
12.90% |
$5.30 |
$31.81 |
|
8.9% |
$3.66 |
$21.95 |
*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.
Cashback 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 the Cashback 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.
Author Bio
Mohamed Konate is a personal finance expert and blogger with years of experience in the Canadian financial industry. As a former financial services professional at major institutions, he developed a deep understanding of the financial challenges facing everyday Canadians. Passionate about helping others achieve financial success, Mohamed shares his insights and knowledge on this blog. He holds a Bachelor and a Master in Business Administration from universities in Quebec.
