National Bank MC1 Mastercard

National Bank MC1 Mastercard

Whether you’re a student or not, the National Bank MC1 Mastercard could be the perfect card to help you build your credit. With no annual fee and basic purchase insurance, the MC1 Mastercard is National Bank's most accessible credit card. Some details or information regarding this product may be out of date or inaccurate. For full details, be sure to visit National Bank's website.

$0.00
Annual fee
Learn more
$0
Welcome bonus
Learn more
$0
Annual rewards
Learn more
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Monthly Spending:
$

Pros & cons

Pros

  • No annual fee.

Cons

  • No rewards on purchases.
  • Limited insurance included.

Your rewards

How you earn rewards

This card does not earn rewards on purchases.

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Details and eligibility

Estimated Credit Score
760 - 900
Personal Income
N/A
Household Income
N/A
Canadian resident who has reached the provincial age of majority.
Annual Fee
$0.00
Extra Card Fee
$0
Card type
Credit
Purchase
20.99%
Cash Advance
22.49%
Balance Transfer
22.49%

Insurance coverage

Extended Warranty
1 year
Purchase Protection
90 days

Please review your insurance certificate for details, exclusions and limitations of your coverage, terms and conditions apply.

Learn more about the value of credit card insurance coverage.

Genius Rating

National Bank MC1 Mastercard's 2.8 Genius Rating is based on the weighted average of the following scores:

Rewards
0.0
Fees
4.3
Insurance
0.6
Interest
2.0
Perks
0.3
Approval
1.1
Acceptance
5.0

Methodology

All scores are produced by our math-based rating algorithm that takes into account over 126 credit card features.

Learn more about our rating methodology.

Our review

creditcardGenius Team
Fact Checked
Fact Checked
Accuracy is important to us so this article has gone through a thorough 3-stage review process and fact-checked by our team.

If you're looking for a "starter" credit card, the National Bank MC1 Mastercard is one that lets cardholders build up their credit history while offering security and peace of mind.

Build your credit history – not just for students

Although the National Bank MC1 Mastercard is sometimes seen as a student credit card, you don't need to be a student to apply for it.

Instead, this card is perfect if you're looking to:

  • get your first credit card,
  • build your credit history, or
  • add a basic no fee card to your wallet.

The perks of owning a credit card

Credit cards are a secure and effective mode of payment, and the National Bank MC1 Mastercard will add to this security by covering your purchases with purchases insurance.

That's right. Not only will this credit card double the manufacturer’s warranty for up to an extra year, but it will also give you 90 days of purchase protection.

Your MC1 Mastercard will also give you access to one-of-a-kind Mastercard Priceless Cities experiences in the cities you live and travel like:

  • Montreal,
  • Toronto,
  • Paris,
  • Miami, and
  • New York.

Plus, this card has no annual fee and you can also add secondary cardholders for free.

Not sure this card is for you?

As a starter credit card, the National Bank MC1 Mastercard won't give you any credit card rewards. If you’re looking for a no fee National Bank card that does, you should check out the National Bank mycredit Mastercard.

Key benefits

  • Helps you build up your credit history.
  • Protects your purchases with included insurance.
  • Add an additional card for free.
  • No annual fee.

User reviews

3.8 out of 5

Reviewed by 4 Canadians

5 stars
50%
4 stars
0%
3 stars
25%
2 stars
25%
1 stars
0%
5 years ago
1

Love it, its my first ever unsecured credit card, i make my payments and its perfect

6 years ago
1

i was home invaded and then fraud via loan several years ago. i cancelled every account and ID and noted i would not be applying for 2 years and deny every application until. I have been dealing with ONLY cash with self employment, no matter the amount , rent at 2550/mo for 2 years. i payout everything in full amount from my 2 vehicles - my 5 children's tuition fees, cars and mac books . i have recently accessed my reports from tran and eq and updated my Name from being married and address. there is no debt , bankruptcies... 1 current cellular 2yrs in good standing. No credit history due to my fear of fraud. they have not produced a score due to no recent activity. clearly i can afford to live without debt, but i would like to now build credit for future emergency reason and as my kids say....cash is out ,mom, you cant carry 2K in cash with u everywhere u go. lol . Suggestions? i just got approved this m1 mastercard last week

7 years ago
2

Good card for building credit. Not much going for it otherwise

Simon 7 years ago
1

Very good card but no rewards ; this is the big problem!

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Rating Methodology

The most comprehensive credit card rating system in Canada.

126+ total data points analyzed
Data point breakdown