Are you looking for a credit card with no annual fees? The best beginner card to choose is a National Bank Credit Card.
This credit card gives you access to exciting promotions and deals, maximum purchase protection and a low-interest rate.
Read on to find out how you can apply for a National Bank credit card. We will also tell you about the fees and rates that apply.
National Bank Credit Card Features & Benefits
National Bank of Canada offers a range of credit cards with different features. There’s something to cater to each person’s individual needs and lifestyle.
In this article, we’re going to dive into the benefits and features of the National Bank MC1 Mastercard Credit Card.
One of the highlights of this credit card is the 90-day purchase warranty. The bank can cover damage, theft or loss of selected purchases. Aside from the Purchase Protection, you can also enjoy an extended warranty of purchases. Double or triple the manufacturer’s warranty for items purchased using this credit card.
For shopping, you’ll be happy to know that this credit card is powered by Mastercard. Earn cash back rewards, redeem travel and entertainment packages, and get VIP treatment.
Simply present your MC1 Mastercard Credit Card to avail of room upgrades, unique tours, big discounts, and more.
You can also benefit from Mastercard’s Zero Liability policy for unauthorized transactions. Sounds great? There’s more…
Having this credit card also helps you build your credit score, thanks to its’ low-interest rate.
MC1 Mastercard Credit Card Application
Applying for a National Bank credit card is fast, easy, and convenient. Start by visiting the National Bank website and fill out the online application form with your personal and financial information. For a high chance of success with your application, you need to be at least 18 years old and a Canadian resident.
A manageable credit limit of $500 can be set but it’s possible to request an increase later on.
MC1 Mastercard Credit Card Fees & Charges
One of the best things about this credit card is there’s NO annual fee. You only need to settle your bills on time to prevent additional fees and charges.
Since this credit card can be used to enhance your credit score, be sure to maintain your rating by paying your dues on time. After the grace period of 21 days, a 20.99% purchase rate will be charged on top of your bill.
Another $45 will be added to your bill as a late payment fee.
If you opt for a cash advance, there will be a 3.9% charge of the total amount. On balance transfers and cash advances, the interest rate is 22.99%
Contact the Bank
If you would like to contact the bank you can call them at 1-888-622-2783. You can also find their main address at 880 Douglas St, Victoria, BC V8W 2B7, Canada.
Overall, a National Bank credit card, particularly the MC1 Mastercard is a great credit card for first-time cardholders or people needing to build up their credit score.
Along with its advanced features, exclusive benefits, and low-interest rate, you are sure to have a rewarding experience. Apply for yours today!
Note: There are risks involved when applying for and using credit. Consult the bank’s terms and conditions page for more information.