Cash Back
No Annual Fee
National Bank mycredit Mastercard
National Bank of Canada
Annual Fee
$0
Purchase APR
20.99%
Cash Adv. APR
22.49%
RateBuddy Verdict
The Good
- Includes $1,000 in mobile device insurance, which is a standout feature for a credit card with no annual fee.
- The 1% cashback on monthly recurring bills and dining helps earn rewards on essential expenses.
- Cashback is credited to the account monthly, offering quicker access to rewards compared to annual payout cards.
The Trade-offs
- The base earning rate of 0.5% on non-category purchases is lower than several other no-fee cashback alternatives.
- Lacks travel-specific insurance coverage like car rental collision or travel medical.
Rewards & Earnings
Groceries 0.50%
Dining & Takeout 1.00%
Gas & Transit 0.50%
Travel 0.50%
Base Rate 0.50%
Rewards Summary: Restaurants & Recurring Bills: 1% cashback; All other purchases: 0.5% cashback.
- Restaurant purchases: 1%
- Recurring pre-authorized payments: 1%
- All other eligible purchases: 0.5%
Welcome Bonus Details
Features & Benefits
No Annual Fee
No annual fee
Mobile Device Insurance
Up to $1,000 (Up to 2 years coverage)
Extended Warranty Insurance
Doubles warranty up to 1 year
Purchase Security Insurance
90 days following purchase
Additional Perks
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Insurance Coverage
Mobile Device Insurance
Up to $1,000 for loss, theft, breakage, or damage (up to 2 years from purchase)
Purchase Security
90 days against theft or damage from the date of purchase
Extended Warranty
Doubles manufacturer warranty for up to 1 additional year
Rates & Fees Details
| Purchase APR | 20.99% |
|---|---|
| Cash Advance APR | 22.49% |
| Annual Fee | $0 |
| Supplementary Card | $0.00 |
| Income Required | No specific requirement listed. |