No Annual Fee
National Bank MC1 Mastercard
National Bank of Canada
Annual Fee
$0
Purchase APR
20.99%
Cash Advance
22.49%
RateBuddy Verdict
The Good
- A zero-cost option for those who simply need a reliable payment method without any ongoing fees.
- Highly accessible with no minimum income requirement, making it a solid choice for a first credit card.
- Includes basic purchase and warranty protection which is often missing from entry-level cards.
The Trade-offs
- Offers no cashback, rewards points, or travel benefits of any kind.
- Does not provide the mobile device insurance found on National Bank's other no-fee card (mycredit).
Rewards & Earnings
Base Rate
0%
Rewards Summary:
No rewards; This is a basic entry-level card designed for simplicity and credit building.
Welcome Bonus Details
No welcome bonus details are currently listed for this card.
Features & Benefits
No Annual Fee
No annual fee
Extended Warranty Insurance
Doubles warranty up to 1 year
Purchase Security Insurance
90 days following purchase
Insurance Coverage
Purchase Protection: 90 days; Extended Warranty: Double manufacturer warranty (up to 1 extra year).
Rates, Fees & Eligibility
| Purchase APR | 20.99% |
|---|---|
| Cash Advance APR | 22.49% |
| Annual Fee | $0 |
| Supplementary Card Fee | $0 |
| Grace Period | 21 days |
| Income Required | No specific requirement listed. |
| Recommended Credit Score | — |
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Filed Under
No Annual Fee
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