About National Bank mycredit Mastercard
A National Bank mycredit Mastercard is a no-fee credit card with cash back earning opportunities. Along with that, National Bank mycredit Mastercard features mobile device insurance coverage.
National Bank mycredit Mastercard features
A National Bank mycredit Mastercard credit card provides a 20.99% interest rate on purchases and 22.49% — on balance transfers and cash advances. There is no annual fee for this card, and you can issue additional cards free of charge.
The minimum credit limit with a National Bank mycredit Mastercard credit card is $500.
For restaurant purchases and recurring pre-authorized payments charged to your National Bank mycredit Mastercard credit card account, you will earn 1% cash back. For all other eligible purchases, you will earn 0.5% cash back. National Bank sets no limits on the maximum amount of cash back you can earn.
A National Bank mycredit Mastercard credit card supports contactless payment available through the Tap & Go® technology.
A National Bank mycredit Mastercard credit card also gives you access to Priceless Cities® — an opportunity to explore the neighborhood in the cities you live and travel to, enjoy unique experiences, get room upgrades, and more.
Insurance coverages included in a National Bank mycredit Mastercard credit card are:
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Mobile device insurance providing up to $1,000 coverage against theft, loss, or damages for new mobile devices either purchased with your credit card or financed with a plan where monthly payments are made with your credit card
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Purchase protection providing 90-day coverage for purchases charged to your credit card account against theft or damage
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Extended warranty increasing the original manufacturer’s warranty by up to one additional year
Pros and cons
Here are the key benefits of a National Bank mycredit Mastercard credit card:
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A zero annual fee
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Free issuance of additional cards
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Affordable minimum credit card limit
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Unlimited cash back earning opportunities
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Mobile device insurance included
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No minimum annual income requirements to apply
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24/7 customer service
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Contactless payment supported
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Zero liability protection from Mastercard
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Protection against fraud with Mastercard® ID CheckTM
The disadvantages of a National Bank mycredit Mastercard credit card are:
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The lack of welcome offers for new applicants
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The lack of partner benefits
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Few insurance coverages included
How to apply for a National Bank mycredit Mastercard credit card
You can apply for a National Bank mycredit Mastercard credit card online by clicking the “Apply now” button on the credit card description page. First of all, specify if you are a National Bank of Canada client already. If yes, sign in to save time on your application. If no, proceed with an online application form and provide the following information:
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Your first name
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Your last name
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Your date of birth
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Your email
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Your social insurance number (optional)
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Your phone number
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Your address
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How long you have lived there
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Your occupation
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Your employee status
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Your position
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The name of your employer
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Work phone number
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Month and year since you work there
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Your gross annual income
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Whether you want to add a credit card payment insurance plan
Once you do, review your applicant details, agree to the terms and conditions, and proceed with identity verification. To verify your identity, you will need to upload a picture of your government-issued photo ID and make a selfie.
After that, you can order additional cards if needed.
To qualify for a National Bank mycredit Mastercard credit card, you must be a Canadian resident at the age of majority in your province or territory. There are no minimum annual income requirements to apply for this credit card.