Low Interest
National Bank Syncro Mastercard
National Bank of Canada
Annual Fee
$35
Purchase APR
8.90%
Cash Adv. APR
12.90%
RateBuddy Verdict
The Good
- Features one of the lowest ongoing purchase interest rates in Canada, currently at its 8.90% minimum floor.
- No minimum income requirement makes it a great safety-net card for those who may occasionally carry a balance.
- Includes purchase protection and extended warranty, which is rare for many basic low-rate competitors.
The Trade-offs
- Does not offer any rewards points, cashback, or travel perks on your spending.
- Charges a small $35 annual fee, whereas some low-interest cards from other banks are $0 (though often with higher interest rates).
Rewards & Earnings
Base Rate 0.00%
Rewards Summary: No rewards; This is a low-interest utility card designed to minimize interest fees and help pay off balances faster.
- All Purchases: No rewards points or cashback earned
Welcome Bonus Details
Features & Benefits
Extended Warranty Insurance
Doubles warranty up to 1 year
Purchase Security Insurance
90 days following purchase
Low Purchase Interest
Variable rate (Prime + 4%) with 8.90% minimum
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 | 8.90% |
|---|---|
| Cash Advance APR | 12.90% |
| Annual Fee | $35 |
| Supplementary Card | $0.00 |
| Income Required | No specific requirement listed. |