National Bank Syncro Mastercard®

About National Bank Syncro Mastercard

National Bank Syncro Mastercard is a cost-effective credit card option with a low-interest rate, low annual fee, and a minimum credit limit of $500. Being an affordable credit solution, a National Bank Syncro Mastercard credit card doesn’t feature cash back or reward-earning opportunities.

National Bank Syncro Mastercard features

A National Bank Syncro Mastercard credit card features lowered variable rates on purchases, balance transfers, and cash advances that fluctuate with the Prime rate. The purchase interest rate equals the Prime rate plus 4%, or 8.90% minimum. The balance transfer and cash advance interest rates equal the Prime rate plus 8%, or 12.90% minimum.

The annual fee for this credit card is $35 for the primary cardholder, and you can order additional cards for a $0 annual fee.

The minimum credit limit with a National Bank Syncro Mastercard credit card is $500.

A National Bank Syncro Mastercard credit card doesn’t provide cash back or reward-earning opportunities. Still, it can be a cost-effective credit solution for those who don’t use credit cards often.

Like all other Mastercard credit cards from the National bank of Canada, a Syncro Mastercard credit card supports contactless payment through the Tap & Go® technology. 

National Bank Syncro Mastercard provides its cardholders with 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 this credit card are:

• Purchase protection providing 90-day coverage for purchases charged to your credit card account against theft or damage

• Extended warranty increasing the original manufacturer’s warranty by up to one additional year

Pros and cons

A National Bank Syncro Mastercard credit card has both pros and cons. Let’s look through the pros first:

• Low-interest rates

• A low annual fee

• Free issuance of additional cards

• Affordable minimum credit card limit

• No minimum annual income requirements to apply

• 24/7 customer service

• Contactless payment supported

• Zero liability protection from Mastercard

• Protection against fraud with Mastercard® ID CheckTM 

The cons of a National Bank Syncro Mastercard credit card are:

• The lack of welcome offers for new applicants

• The lack of cash back or reward-earning opportunities

• The lack of partner benefits 

• Few insurance coverages included

How to apply for a National Bank Syncro Mastercard

National Bank of Canada accepts applications for its Syncro Mastercard credit card online. To apply online, click the “Apply now” button on the credit card description page. If you are a National Bank of Canada client already, you can save time on your application by signing in with your login credentials and filling out a shorter form. If you are new to the National Bank of Canada, fill out an extended application form with the following details:

• Your first name

• Your last name

• Your date of birth

• Your email

• Your social insurance number (optional)

• Your phone number

• Your address

• How long you have lived there

• Your occupation 

• Your employee status

• Your position

• The name of your employer

• Work phone number

• Month and year since you work there

• Your gross annual income

• Whether you want to add a credit card payment insurance plan

Once you do, review your information, agree to the terms and conditions, and proceed with identity verification. To verify your identity, upload a picture of your government-issued photo ID and take a selfie. 

In the next step, you can order additional cards if needed.

To apply for a National Bank Syncro 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.