How to Apply MC1 Mastercard

Credit cards from National Bank, such as the MC1 Mastercard, are a versatile way to pay for your financial needs. This card offers convenience without breaking the bank, with no annual fee and a 19.99% purchase interest rate.

The security of your information is paramount in today’s digital age, and this card will keep you protected.  You can also take advantage of the easy and practical payment system provided by the National Bank MC1 Mastercard to enjoy urban experiences. Having access to funds around the world makes it a suitable travel companion. As well as that, you can set a credit limit of $500 to help you manage your expenses, which will help you keep within your budget.

Providing every day payment convenience and financial security, this credit card is a reliable choice for all your financial needs. If you’re shopping, traveling, or managing your expenses, the National Bank MC1 Mastercard should be on your list.

Benefits

The credit card offers you financial security, convenience, and better credit overall. The following are some of its benefits.

Secure Online purchases

Security is paramount when shopping online. Using Mastercard® ID Check TM, you can make secure online purchases. By verifying your identity online, your personal information will be protected from fraud.

Fee-free

No annual fee is a significant cost-saving feature of this credit card. All these benefits and features are available to you without any annual fees. You can reap the benefits without breaking the bank with this cost-effective option.

An urban experience

Priceless Cities® takes you on an urban adventure like no other. Guests can enjoy access to exclusive menus, room upgrades, and delightful surprises with this exclusive program. You’ll enjoy unforgettable moments in the city with this ticket.

Purchase Protection

Among the benefits of this credit card is the purchase protection it offers. A 90-day theft and damage warranty protects your investments against theft and damage.

Extension of warranty

Expenses for repairs and replacements will no longer be necessary. When you purchase most items with this credit card, your manufacturer’s warranty is potentially doubled. Protecting your valuable purchases is a great benefit.

Contactless Payments

Use Tap & Go® technology to speed up and simplify your transactions. Your card will be read as soon as you tap it on the reader. Enjoy the convenience of contactless payments and say goodbye to traditional checkout processes.

Fraud prevention

Your safety is ensured by Mastercard’s Zero Liability policy. You won’t be responsible if unauthorized transactions are made with your card. You won’t have to pay for unauthorized transactions when you have this robust fraud protection.

Providing convenience

You can take advantage of a wide range of convenient features with this card. Your balance can be checked online or via text message, and payments can be made from anywhere. You can shop with confidence due to the fact that your account is protected from fraud since each purchase is protected by Zero Liability policy.

Prerequisites

In order to determine if you qualify, please check if your estimated credit score falls within the range of 760 to 900, as well as meeting the eligibility criteria of being a Canadian resident and reaching the age of majority. Applicants must meet these criteria collectively to be considered.

National Bank MC1 Mastercard applicants must meet the following requirements:

• The name and address of your residence, as well as your contact information
• Date of birth and social security number
• Email address and telephone number

About the bank/financial institution

Originally based in Quebec in the mid-19th century, the National Bank of Canada has a rich history dating back to that time period. The web site history of National Bank recounts that the bank was founded and incorporated in 1859 by French-speaking businessmen. After three decades, the operation survived two economic crises and a fire. Following the early 1920s economic recession, the companies merged. With the merger of Banque Nationale and Banque d’Hochelaga in 1924, National Bank Canada was formed.

With its website and mobile banking app, the National Bank of Canada offers a full range of online banking services like most of the country’s major banks and credit unions. With the online portal and app, NBC customers can conduct just about any banking transaction, as well as deposit checks, pay bills, and transfer funds via Interac. The National Bank offers a variety of Mastercard® credit cards.

Who is this card for?

Students and non-students alike can benefit from the National Bank MC1 Mastercard to help build their credit. With no annual fee and basic purchase insurance, this is the most accessible credit card from National Bank. In addition to its no-annual fee, there is a 21-day interest-free grace period, which makes it a great way to pay off credit card debt.

Step by step to apply for the card

To apply for the card, follow these steps.

• Visit the official website to apply.
• By clicking “Apply”, you can submit your application.
• If you are an existing client, please confirm your status. Select the appropriate option to apply for a card.
• Fill out the form with your personal information, including details about yourself.
• It is important to disclose your revenue.
• For credit card payments, you can choose the insurance coverage you want.
• You should take a look at the information you have provided and summarize it. If you consent, you can proceed.
• The identity verification process must be completed.
• You will receive the results of your card application.

Positives and Negatives of the Card

Pros

• Fees are not charged annually
• Protect your purchase with an extended warranty
• Cardholders are protected by MasterCard’s Zero Liability policy
• Payments via contactless technology
• Purchases made online are secure
• Your credit history will be built up as a result.
• Free additional card when you add one.

Cons

• The sign-up bonus is not available
• The absence of travel insurance
• There is no reward program

Fees and tariffs

A simple fee structure makes the card budget-friendly. The card does not charge an annual fee, so cardholders are not burdened by recurring charges. In addition, it is also free to obtain the first additional card, making it convenient for those who want to share benefits with their family or friends.

However, you should be aware that when using the card for international purchases, you will be charged a foreign transaction fee of 2.5%. In terms of interest rates, the purchase rate is 20.99%, while the cash advance and balance transfer rates are both 22.49%. Cardholders should consider these rates when withdrawing cash or transferring balances. You should be aware of the foreign transaction fee and interest rates for other transactions.