Pros & cons
Pros
- 8.9% interest rate on purchases.
- 12.9% interest rate on balance transfers and cash advances.
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
- Annual Fee
- $35.00
- Extra Card Fee
- $0
- Card type
- Credit
- Purchase
- 8.90%
- Cash Advance
- 12.90%
- Balance Transfer
- 12.90%
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 Syncro Mastercard's 3.3 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.
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Our review
Do you feel like you are spending too much money on interest?
Are you looking for a card with a low interest rate?
The National Bank Syncro Mastercard could be what you’re looking for.
With an annual fee of only $35, this card could give you one of the lowest interest rates in all of Canada. Plus, the interest rate you get isn't based on your credit score. So, if you don't have the best credit score, this card could be a great option for you.
The Syncro card will give you the following interest rates:
- Interest Rate: Canada Prime Rate + 4% (8.90% minimum)
- Cash Advance Rate: Canada Prime Rate + 8% (12.90% minimum)
- Balance Transfer Rate: Canada Prime Rate + 8% (12.90% minimum)
Here are the current rates in effect:
Most credit cards have a purchase interest rate of 19.99%, so with this card in your wallet, you'll be saving about 10%.
Curious what that looks like in terms of annual savings?
| Credit Card | Annual Interest Rate | Annual Interest on $3,000 | Savings |
|---|---|---|---|
| Standard Card | 19.99% | $599.700 | |
| National Bank Syncro Mastercard | 8.90% | $267.00 | $332.70 |
Credit card users who have $3,000 of credit card debt are being charged about $600 a year on interest.
However, with a card like the National Bank Syncro Mastercard, you could save over $300 annually… even more if you usually carry more credit card debt.
Plus, not only will this card save you money, but it will also cover all of your purchases with purchase insurance, giving you some nice peace of mind when you are making purchases.
Curious how much you could save?
Check out our interest savings calculator.
Credit Card Interest Calculator
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.
User review
Reviewed by 1 Canadian
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