How to Apply Platinum Mastercard

The Platinum Mastercard is a top choice for consumers who want to earn and redeem rewards points on everyday purchases. It offers bonus point categories like grocery, dining, gas, travel, and more to accelerate earnings. With multiple ways to boost points across common spending, cardholders can maximize value and savings.

Key perks include extensive travel medical insurance, mobile device protection, opportunities to redeem points for travel, merchandise, gift cards, and cashback. There are also payment conveniences like contactless and mobile wallet capabilities for efficiency. The flexible rewards structure, protections, and features provide strong overall value.

With no annual income requirement and a low purchase interest rate, this card provides value and accessibility. The flexible eligibility criteria make it attainable for more applicants compared to cards with income requirements. New cardholders can also transfer high-interest balances from other cards as part of the application process. This allows consolidating debts at a more affordable rate for major interest savings.

Key Benefits

• Earn up to 2x points on bonus categories – Get bonus points on everyday monthly purchases to maximize value. The accelerated earning rates create ample opportunities to rack up points faster across categories.
• Travel medical and trip cancellation/interruption insurance – Get coverage for trips within or outside your province of residence. This provides security and peace of mind when booking vacations and getaways.
• Mobile device insurance – Coverage in case of damage or theft of your cell phone or tablet. This safeguards expensive phones and electronics from costly damages or loss.
• No minimum income required – Easily accessible based on credit approval alone. Avoiding an income requirement makes approval more inclusive for responsible borrowers.
• Low purchase interest rate – A competitive rate makes financing more affordable long-term. Carrying a balance is cheaper than many competitor cards.
• Balance transfer offer – Transfer high-interest debt from other cards and save substantially on interest. Consolidating debt provides major savings.

Requirements to Apply

Here are the key eligibility requirements for the Platinum Mastercard:

• Fair to excellent personal credit – Having good credit improves approval odds. Responsible usage and payment history aid approval chances.
• Canadian residency – Must be a Canadian citizen or permanent resident. Available only to current residents.
• Age of majority – Must be the minimum age in your province to apply. Adults of all ages can qualify based on credit.

Meeting the credit requirements ensures applicants have the means to manage monthly payments responsibly. Overall, the eligibility criteria are quite reasonable and accessible for responsible borrowers.

About National Bank

National Bank is one of the central banks in Canada, with over 3 million clients nationwide. Headquartered in Montreal, National Bank offers various banking, investment, and insurance products tailored for consumers and businesses.

National Bank emphasizes digital innovation and convenient online/mobile access. With over 25,000 employees, they are committed to providing excellent customized solutions and client service. The expertise and resources provide robust capabilities.

Ideal Cardholder

The Platinum Mastercard is ideal for:

• Households who want to earn rewards on common spending. The bonus categories align with frequent household purchases.
• Anyone seeking an affordable, accessible credit card option. The flexible eligibility expands potential applicants.
• Those looking for solid travel medical and trip cancellation/interruption insurance. Protection for vacation disruptions provides invaluable peace of mind.
• Responsible borrowers build their credit history. Can demonstrate healthy usage and payments over time.

It suits many Canadian credit users with rewards flexibility, key insurance protections, and digital conveniences. The benefits cater well to diverse spending needs.

How to Apply

Applying for the Platinum Mastercard is simple and convenient:

• Go to nbc.ca and click “Apply now” to begin the online application. Quick and easy digital submission.
• Provide personal details, including your name, address, DOB, and SIN. Verify eligibility and identity.
• Accept the terms and conditions electronically. Finish the application process completely online.
• Receive an instant decision in less than 2 minutes. Know right away if you are approved.
• If approved, your new card will arrive within 10 business days typically. Receive it promptly in the mail.
• The online application takes just minutes from start to finish. You could have the physical card in hand very shortly after applying.

Pros and Cons

The National Bank Platinum Mastercard has excellent benefits and a few limitations:

Pros:

• Lucrative earn rates across bonus categories. Maximize points and savings on frequent purchases.
• Strong insurance protections for travel and devices. Coverage provides security, savings, and peace of mind.
• No annual income requirement. More accessible and inclusive approval criteria.
• Low purchase interest rate. Affordable costs if carrying a balance month-to-month.
• Contactless payment capabilities. Easy, quick, and convenient transactions.

Cons:

• $70 annual fee. A cost to maintain the account each year.
• Redeeming points for cash back offers lower value. Better redemption options are available.
• The rewards earning potential, key insurance protections, and accessibility make it an excellent choice for many Canadians. The significant pros make it a strong card overall.

Activating Your Card

Once you receive your National Bank Platinum Mastercard, take the following steps to activate it:

• Call the number on the sticker on the front of your new card. Easily reach customer service to activate.
• Confirm your identity by providing the requested information. Validate personal security details.
• Follow the prompts to select your card PIN number. Choose something secure you’ll reliably remember.
• Your card will now be activated for use. You can immediately start transacting securely.
• Register for online banking to manage your account digitally anytime. Access your account conveniently online.

Fees & Charges

Key charges associated with the National Bank Platinum Mastercard include:

• $70 annual fee. The yearly cost charged for the account benefits.
• 20.99% purchase interest rate. The APR applied if carrying a balance month-to-month.
• 22.49% rate for balance transfers and cash advances. The APR on transferred/advanced balances.
• 2.5% foreign transaction fee on international purchases. Added cost on all foreign transactions.
• 1% fee on cash advances (minimum $5). Extra fee for ATM and teller cash withdrawals.

Customer Service

Contact National Bank customer service for assistance:

• Call 1-888-969-2273 for service in English. Speak to a representative for help in English.
• Call 1-888-969-2273 for support in French. Get assistance in French.
• Send a secure message through online banking. Reach out digitally anytime through your account.
• Visit a National Bank branch location in person. Meet with an advisor face-to-face.