Pros & cons
Pros
- No annual fee.
- Earns Servus Circle Rewards.
- Includes basic travel insurance.
Cons
- Only available in Alberta.
- Relatively low rewards earn rate.
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 Servus No Fee Mastercard, here's how you earn rewards:
- 1 point per $2 spent 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 Servus No Fee Mastercard in particular, if you spend $2,000 per month, here's our estimated annual rewards earned depending on which reward you choose:
| Travel | $120 | |
| Statement Credits | $76 |
Calculating your annual rewards
$24,000 annual spending x 0.50% return on spending = $120 annual rewards
$120 annual rewards − $0.00 annual fee = $120 net annual rewards
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1x Award Winner
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
- 24.99%
- Balance Transfer
- 24.99%
Insurance coverage
- Travel Accident
- $100,000
- Baggage Delay
- $300
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
Servus No Fee Mastercard's 1.7 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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GC: $150
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Servus No Fee Mastercard review
The Servus No Fee Mastercard is a no-frills, no fee Mastercard from Servus Credit Union that earns Servus Circle Rewards and comes with some basic travel insurance.
In this article, we'll go over some of the pros and cons, as well as an alternative if you don't live in Alberta.
Pros of the Servus No Fee Mastercard
The Servus No Fee Mastercard is a basic Mastercard with few benefits and perks. That being said, there are some good things to look forward to if you choose to get one.
1. Earn rewards on purchases
The Servus No Fee Mastercard earns 1 point per $2 spent on all purchases. With each point worth 1 point each, that means you'll get 0.5% in rewards.
It’s not the highest earn rate but it's certainly better than nothing. Plus, there are no caps to how much you can earn and the points will never expire.
2. No annual fee
You can rest assured that you won't be spending any money on an annual fee, even if the rewards aren't stellar.
3. Basic insurance coverage
The Servus No Fee Mastercard comes with 2 types of insurance: travel accident and baggage delay. The $100,000 of coverage for travel accidents is lower than average – but with a no fee credit card, something is better than nothing.
Cons of the Servus No Fee Mastercard
The Servus No Fee Mastercard has one major drawback and one smaller one.
1. Only available to Alberta residents
The biggest caveat to getting a Servus credit card is that they're only offered in Alberta. There are no physical branches elsewhere, either.
2. Perks and rewards are comparatively low
Other no annual fee credit cards are much more rewarding. A return of 0.5% isn't much to write home about when a card like the American Express Green Card can get you up to 2% back on purchases.
How does it stack up to another no fee Mastercard?
Here's how the Servus No Fee Mastercard compares with one of our top-rated Mastercards, the MBNA Rewards Platinum Plus Mastercard.
| Servus No Fee Mastercard | MBNA Rewards Platinum Plus Mastercard | |
|---|---|---|
| Rewards | * 1 point per $2 spent on all purchases | * 2 points for every $1 spent on restaurants, groceries, and select recurring bills (up to $10,000 spent annually per category) * 1 point per $1 spent on all other purchases |
| Welcome bonus | None | 10,000 after spending $500 in the first 90 days and signing up for paperless e-statements |
| Features | * 2 types of insurance | * Birthday bonus of 10% of your total points earned * 3 types of insurance |
In pretty much every category, the MBNA Rewards Platinum Plus Mastercard comes out on top. Aside from having a substantial welcome bonus worth up to $100, the big thing is its everyday earn rates. With each point worth up to 1 cent each, you can earn 2% back on 3 popular categories.
Would you get a Servus No Fee Mastercard?
It's a basic card without too much behind it, so would you be interested in getting one? Do you have one? Leave us a review of your experience!
FAQ
Does the Servus No Fee Mastercard offer any benefits?
The Servus No Fee Mastercard has 2 types of insurance (travel accident and baggage delay) to go along with its earn rate of 1 point per $2 spent on all purchases.
Does the Servus No Fee Mastercard charge any fees?
No, you won’t have to pay an annual fee for the Servus No Fee Mastercard.
Can you only get the Servus No Fee Mastercard in Alberta?
Yes, the Servus No Fee Mastercard is only available in Alberta. Residents of any other province or territory won’t be able to get this card.
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