Pros & cons
Pros
- 1% cash back on recurring bill payments and restaurants.
- No annual fee.
Cons
- Only earns 0.5% cash back on all other purchases.
- Limited insurance included.
Your rewards
How you earn rewards
Each card earns rewards differently. Part of choosing your card is deciding what type of rewards you want to get. With National Bank mycredit Mastercard, here's how you earn rewards:
- 1% cash back on recurring bills and restaurants
- 0.5% cash back on all purchases
For all reward details click here.
How much your rewards are worth
The dollar value of your rewards depends on the specific rewards program ‒ and what you choose to redeem your points for. For National Bank mycredit Mastercard in particular, if you spend $2,000 per month, here's our estimated annual rewards earned depending on which reward you choose:
| Statement credits | $147 |
Calculating your annual rewards
$24,000 annual spending x 0.61% return on spending = $147 annual rewards
$147 annual rewards − $0.00 annual fee = $147 net annual rewards
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Details and eligibility
- Estimated Credit Score
- 760 - 900
- Personal Income
- N/A
- Household Income
- N/A
- 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
- Mobile Device
- $1,000
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 mycredit Mastercard's 3.1 Genius Rating is based on the weighted average of the following scores:
Methodology
All scores are produced by our math-based rating algorithm that takes into account over 126 credit card features.
Top cards from Mastercard
GC: $150
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GC: $125 + $25
Our review
There are plenty of reasons for adding a no fee card to your wallet. Whether you:
- don't spend enough to justify an annual fee, or
- just want a no fee card to pair with a more premium card...
...if you're looking for a no fee cash back card, the National Bank mycredit Mastercard is a good place to start.
Earn cash back on all your spending
You'll get 1% cash back on all your recurring bill and restaurant purchases and 0.5% on all other purchases, with no limits on the amount of cash back you can earn.
Enjoy your cash back rewards every month
One area where this card really stands out is that you're not forced to wait around for a whole year to get your cash back rewards. Instead, it's automatically applied as a statement credit every billing cycle.
Although, your welcome bonus rewards won't be paid out until after it is all earned – on your 4th billing cycle.
Complimentary insurance
Not only does this no fee card have rewards and a nice welcome bonus, but it also comes with the following complimentary insurance:
- Mobile device protection: Mobile device protection is a very rare type of credit card insurance that will protect your cell phone against theft and damages for up to 2 years after the date you purchased it.
- Manufacturer's warranty: Extended warranty will double the manufacturer's warranty for up to 1 additional year.
- Purchase protection: Purchase protection will give you 90 days of peace of mind for your new purchases. If they are lost, stolen, or damaged within 90 days of purchasing them, this insurance will reimburse you the cost of replacing them.
Not sure this card is for you?
If you're looking to earn even more cash back on all of your purchases, take a look at the
Although it has an annual fee of $30, you'll earn 1.5% back on all your gas, grocery, and online purchases (the only card in Canada that gives you bonuses on all your online shopping) and 1% cash back on all other purchases.
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Key benefits
®ECHO, ALLURE, EDITION and À LA CARTE REWARDS PLAN, are registered trademarks of National Bank.
®ULTRAMAR is a registered trademark of Valero, used under licence.
® WORLD MASTERCARD and WORLD ELITE are registered trademarks of Mastercard International Inc. Authorized user: National Bank.
® Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated.
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