No Annual Fee
National Bank MC1 Mastercard
National Bank of Canada
Annual Fee
$0
Purchase APR
20.99%
Cash Adv. APR
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 0.00%
Rewards Summary: No rewards; This is a basic entry-level card designed for simplicity and credit building.
- All Purchases: No rewards points or cashback earned
Welcome Bonus Details
Features & Benefits
No Annual Fee
No annual fee
Extended Warranty Insurance
Doubles warranty up to 1 year
Purchase Security Insurance
90 days following purchase
Additional Perks
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Insurance Coverage
Purchase Protection
90 days against theft or damage from date of purchase
Extended Warranty
Doubles manufacturer warranty for up to 1 additional year (Max $60,000 lifetime limit)
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. |