How to Apply mycredit Mastercard – National Bank of Canada

The National Bank of Canada mycredit Mastercard is a no-fee cashback credit card that offers cardholders an easy way to earn rewards on everyday purchases. With unlimited 1% cashback and no annual fee, customers can simplify earning cashback without needing to keep track of rotating bonus categories or tiers.

This Mastercard issued by National Bank of Canada provides up to $10,000 in credit that can grow over time as spending needs increase. The regular purchase rate is competitive, and new cardholders benefit from a low introductory rate of 1.99% on balance transfers and cash advances for the first 6 months. Making purchases at home and abroad is easy and rewarding with no foreign transaction fees charged.

Additional benefits include purchase protection, extended warranty coverage, and travel insurance giving cardholders added peace of mind when shopping and travelling. For customers looking for a straightforward cashback card with competitive rates and no strings attached, the mycredit Mastercard is an excellent option worth considering.

Benefits of mycredit Mastercard

With unlimited 1% cashback on every purchase, no annual fee, and competitive intro rates, the mycredit Mastercard makes earning rewards simple. Additional benefits like insurance coverage and no foreign transaction fees provide protection at home and while travelling. Plus, cashback can be redeemed at any time.

•       Unlimited 1% cashback on all purchases
•       No annual fee
•       Low introductory rate of 1.99% on balance transfers and cash advances for 6 months
•       Cashback can be redeemed at any time
•       Purchase protection and extended warranty coverage
•       Travel insurance included
•       No foreign transaction fees
•       Credit limits up to $10,000
•       Additional benefits like car rental discounts and access to Experiences travel offers

Prerequisites

To apply for the mycredit Mastercard, you’ll need to be a Canadian resident at least 18 years old. Approved applicants will need a personal National Bank chequing account to link their new credit card to.

About the Bank

National Bank of Canada has been in business for over 160 years since its founding in 1859. Headquartered in Montreal, National Bank operates across Canada and internationally. It provides a wide range of banking, investment, and credit solutions including loans, mortgages, credit cards, and insurance products. As one of the country’s big six banks, National Bank has a strong reputation and long history in Canadian banking and financial services.

Who is this Card for?

The mycredit Mastercard is a flexible cashback card well-suited for a range of customer profiles. It can make a great first credit card for those new to building their credit history thanks to its low rates and lack of an annual fee. For experienced credit card users, it offers a straightforward way to earn uncapped cashback without needing to activate bonus categories. The mycredit Mastercard is ideal for customers who appreciate simplicity and ease when it comes to earning rewards through credit card spending.

Step by step instructions on applying for mycredit MasterCard

• Gather necessary information – Make sure you have things like your income, employment details, SIN, and government ID ready.
• Apply online – Visit the mycredit Mastercard application page on National Bank’s website. You can complete the online application form to get a quick decision.
• Apply in branch – Visit any National Bank branch to apply in person and get support from a banking specialist. Use the branch locator at https://locator.nbc.ca/ to find one near you.
• Download the mobile app – Get the National Bank mobile app for iOS or Android to manage your new card anytime.
• Activate your card – Once approved, activate your new card as soon as you receive it and start enjoying the benefits and rewards.
• Set up online banking – Log in to National Bank’s online banking platform to view statements, make payments, redeem rewards, and more.

With just a few simple steps, you can apply for the mycredit Mastercard from National Bank and start earning unlimited cashback!

Positives and negatives of mycredit MasterCard

The biggest positives of the mycredit Mastercard are the unlimited 1% cashback on all purchases and lack of an annual fee. This allows cardholders to simplify earning rewards without needing to monitor bonus categories or tiers. The cashback structure makes it easy to estimate earnings based on your spending. Intro rates of 1.99% on balance transfers and cash advances for 6 months are also very competitive.

Additional benefits like included insurance coverage for purchases, extended warranties, and travel provide protections for cardholders’ purchases while using the card. There are no foreign transaction fees when travelling internationally either.

A potential downside to note is that the regular purchase interest rate is 19.99% after the intro period ends. This is on the high side so this card is best suited for those who pay their balance off fully each month. Other cons are the lack of an extensive signup bonus beyond the intro rates and the need for a National Bank chequing account to redeem cashback earnings.

Overall, the unlimited cashback structure without an annual fee provides strong value for a no-frills cashback card. Just be aware of the higher regular interest rate and restrictions around rebates when weighing if this card fits your needs.

How to Activate

Activating your new mycredit Mastercard is easy. Simply call or log in to National Bank online banking after receiving your card. Have your SIN and account information handy to verify your identity and complete the short activation process. Once activated, your card will be ready for immediate use in stores, online, and anywhere Mastercard is accepted.

Fees and Rates

There is no annual fee for the card. The regular purchase interest rate is 19.99%. A lower 1.99% intro rate applies to balance transfers and cash advances for the first 6 months. There are no foreign transaction fees charged on international purchases. Cash advances incur a $3.50 fee plus interest. Standard credit card fees apply.

Customer Service

Contact National Bank customer service at:

By phone at 1-888-622-2783

Online chat at https://www.nbc.ca

Visit a branch

Card inquiries: [email protected]