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National Bank MC1 Mastercard review

Earn cashback in your first year and pay no annual fee with the basic no-frills National Bank MC1 Mastercard.

Control your spending by setting a monthly credit limit and enjoy no annual fee.
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N/A

Welcome Offer

$0

Annual Fee

N/A

Rewards

Details

Welcome OfferN/A
RewardsN/A
Purchase Interest Rate20.99%
Cash Advance Rate22.49%
Balance Transfer Rate22.49%
Interest Free Period Up to 21 days
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More Info

The National Bank MC1 Mastercard is a no-frills credit card designed to help you learn the basics of managing your credit. It doesn’t let you earn points, but you may be able to Control your spending by setting a monthly credit limit and enjoy no annual fee. This card also comes with purchase protection and extended warranty coverage for no annual fee.

Please note: National Bank’s platforms BNC.ca and NBC.ca are both undergoing scheduled maintenance from Saturday, Sept. 24th at 8am to Sunday Sept. 25th at 8pm. If you wish to sign up for one of their credit cards, please revisit their website on Monday, Sept. 26.

30-second take

  • Think about the National Bank MC1 Mastercard if you want an easy-to-manage account with no annual fee.
  • Choose something else if you’d rather collect points or you want comprehensive benefits.
  • There are no minimum annual income requirements to qualify.

The basics

If you want a fee-free credit card that lets you make purchases without having to track points, then the National Bank MC1 Mastercard could be a good fit.

  • No annual fee. This card comes with no annual fee, so you’ll save on out-of-pocket expenses.
  • Extended warranty. Get an extra year added to your manufacturer’s warranty when you use your credit card to pay for eligible purchases.
  • Purchase protection. Lock in purchase protection for up to 90 days
    to protect items you buy on your card against theft or damage.
  • Extra cards for free. Grab up to 3 extra cards for no added fee.

The perks

  • Anti-fraud protection. Rest easy with zero-liability insurance to cover fraudulent charges on your account.
  • Instant pay. Tap to pay on the go with Mastercard contactless payment.
  • Added security. Take advantage of online payment security measures like identity verification through Mastercard ID check.
  • Exclusive deals. Enjoy special upgrades and other exclusive offers on unique experiences with National Bank‘s Priceless Cities program.
  • Low minimum credit limit. Qualify for a credit limit as low as $500 to make sure you don’t exceed your monthly budget.
  • No income requirements. You won’t need to make a certain amount of money each year to qualify.

What to watch out for

  • No rewards. You won’t earn any cash back or points to redeem for rewards when you make purchases on your card.
  • High interest. You’ll pay around 20.99% interest on outstanding balances and even more for cash advances.
  • Few benefits. There are no added benefits that come with this card such as mobile device protection or roadside assistance.
  • No travel insurance. You won’t get complimentary travel or health insurance coverage with this card.

What should I know before I apply?

Eligibility requirements

To apply for a National Bank MC1 Mastercard, you need to meet the following criteria:

  • Be a Canadian citizen or permanent resident who is at least 18 years old (19 in some provinces)

Required documents and information:

  • Your name, residential status and contact information
  • Your social insurance number and date of birth
  • Your email address and phone number

How to apply for the National Bank MC1 Mastercard

  1. Click the ‘Go to site’ button above or use this secure link to be securely redirected to the online application.
  2. Complete the application, which includes providing your name, email address, social insurance number and birth date.
  3. Review and submit your application.

Compare other National Bank credit cards

1 - 8 of 8
Name Product Welcome Offer Rewards Purchase Interest Rate Annual Fee Min. Credit Score Description
National Bank ECHO Cashback Mastercard
N/A
Up to 1.5% cash back
20.99%
$30
Min. recommended credit score: 660
Earn 1.5% cash back on most online purchases, in grocery stores and on gas, and 1% on all other eligible purchases.
National Bank World Elite Mastercard
N/A
Up to 2 points
20.99%
$0 annual fee for the first year ($150 thereafter)
Min. recommended credit score: 660
Earn up to 2 points for every $1 when you spend over $40,000 per year (and 1.5 points for every $1 before that).
National Bank Platinum Mastercard
N/A
1 point per $1 spend
20.99%
$70
Min. recommended credit score: 660
Earn 1 point per $1 spent on eligible purchases.
National Bank MC1 Mastercard
N/A
N/A
20.99%
$0
Min. recommended credit score: 660
Control your spending by setting a monthly credit limit and enjoy no annual fee.
National Bank mycredit Mastercard
N/A
Up to 1% cash back
20.99%
$0
Min. recommended credit score: 660
Earn 1% cash back on restaurant purchases and recurring pre-authorized payments, and get 0.5% on all other eligible purchases.
National Bank World Mastercard
N/A
Up to 2 points
20.99%
$115
Min. recommended credit score: 660
Earn up to 2 points for every $1 you spend when you spend over $20,000 per year (and 1.25 points for every $1 before that).
National Bank Allure Mastercard
N/A
Up to 1 point per $2 spent
20.99%
$0
Min. recommended credit score: 660
Contribute to the Quebec Breast Cancer Foundation with your spending. Plus, receive $10 cash back for every 1,000 points earned.
National Bank Syncro Mastercard
N/A
N/A
8.90% or prime + 4.00%
$35
Min. recommended credit score: 660
Enjoy low purchase interest, cash advance and balance transfer rates.
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Bottom line

The National Bank MC1 Mastercard is a no-frills credit card that offers cash back rewards. It comes with basic insurance like purchase protection and extended warranty coverage but little in the way of other benefits. The biggest downside of this card is that you won’t earn any points or cash back for making daily purchases.

National Bank MC1 Mastercard FAQs

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