mycredit Mastercard: cashback and protection with no annual fee
Earn cashback on everyday dining and pre-authorized payments with mobile device protection.
The mycredit Mastercard from National Bank of Canada is a simple, no-annual-fee credit card designed for everyday value.
With cashback rewards, built-in protections, and easy digital features, this card aims to make spending more rewarding and secure.
If you seek straightforward rewards and peace of mind for regular purchases, mycredit Mastercard stands out as a practical option.
Why choose mycredit Mastercard
The mycredit Mastercard is issued by National Bank of Canada, a reputable Canadian financial institution.
This card offers unlimited 1% cashback on restaurant purchases and recurring pre-authorized payments, along with 0.5% cashback on all other eligible purchases.
With no annual fee, mycredit Mastercard allows users to benefit from rewards without ongoing costs.
The card’s built-in protection and robust online monitoring give added confidence for digital-first lifestyles.
Eligibility requires being a Canadian resident and at least the age of majority in your province or territory.
Cashback is only awarded if your account is in good standing, such as making minimum payments by the due date.
Protection and security
Mycredit Mastercard comes with several important security features.
Mobile device insurance protects new smartphones or tablets purchased with the card, or financed on plans where payments go through the card, against theft or damage for up to two years.
Your purchases are also covered by Mastercard Zero Liability, helping shield against unauthorized use.
Standard purchase protection and extended warranty allow you to shop with confidence, knowing new items may be protected and manufacturer warranties can be doubled on eligible purchases.
Mastercard ID Check helps verify your identity for online purchases, adding an extra layer of fraud protection.
Purchase protection covers most new items against theft or damage for up to 90 days from the purchase date.
How the credit works
Mycredit Mastercard has a $0 annual fee, offering clear value to cost-conscious users.
The ongoing purchase interest rate is 20.99% and the rate for cash advances or balance transfers is 22.49%.
Interest charges apply if you carry a balance, and the 21-day payment grace period is available if the balance is paid in full each month.
There is no grace period for cash advances or balance transfers, so interest begins accruing immediately for those transactions.
Minimum payments are required monthly and vary depending on your province of residence and account balance.
Statements are issued monthly, and you can review all transactions and charges through your online account.
Daily use and digital features
Earning cashback with mycredit Mastercard is automatic: use the card for restaurant meals or recurring bill payments to earn 1%, and for other eligible purchases to earn 0.5%.
Your rewards are credited automatically to your card statement each month, making redemption effortless.
The card supports digital wallet options, so you can add it to popular apps for easy mobile payments.
Navigating your account online, setting alerts, and tracking expenses are all possible through National Bank’s secure website and mobile app.
You can add up to three authorized users, and their purchases contribute to the primary cardholder’s cashback.
Account management features include the ability to lock, unlock, or replace your card directly from your online account.
If you want more details on requirements or the application process, continue to the complete step-by-step guide.
