MC1 Mastercard credit card from National Bank of Canada
No annual fee and purchase protection on your everyday spending.
The MC1 Mastercard from National Bank of Canada is a straightforward credit card designed for basic use.
It provides zero annual fee with practical features for those seeking flexibility and simplicity.
This card stands out for accessible eligibility, key purchase protections, and digital convenience.
Why choose MC1 Mastercard
The MC1 Mastercard appeals to individuals wanting a no-annual-fee option without strict eligibility barriers.
Backed by the National Bank of Canada, a well-established Canadian financial institution, this card is built for reliability and trust.
The minimum credit limit starts at $500, offering flexibility for those new to credit or seeking a secondary card.
No minimum income is required, making it an option for students, newcomers, or anyone prioritizing accessibility over rewards programs.
Applicants must still meet National Bank’s credit assessment and provide personal, employment, and financial information during the application process.
Protection and security
Security is central to the MC1 Mastercard, with Mastercard’s Zero Liability protection included.
Cardholders are not responsible for unauthorised transactions, provided all card security rules are followed.
Purchase protection covers theft or damage on qualifying purchases for up to 90 days.
The extended warranty benefit doubles the manufacturer’s warranty by up to one additional year, with a maximum coverage cap of $60,000 over the account’s lifetime.
Card management allows users to block, unblock, or replace the card, receive balance alerts, and set up travel notifications for extra security.
Online purchases are protected by Mastercard ID Check, adding an extra layer of verification for digital transactions.
How the credit works
The MC1 Mastercard comes with no annual fee for both the primary and up to three additional authorised cards.
The purchase interest rate is 20.99% and the balance transfer or cash advance rate is 22.49%.
There are no introductory or promotional rates for new approvals.
Cardholders can make payments via Apple Pay, Google Pay, or traditional payment methods, giving flexibility across digital and physical environments.
Fees and limits depend on credit approval and individual circumstances, so assigned limits may vary.
Statements are sent monthly, and paying the full balance by the due date avoids interest charges on purchases due to the grace period.
Daily use and digital features
The MC1 Mastercard features contactless payments and works with Apple Pay and Google Pay for seamless daily transactions.
The card’s app support provides real-time notifications, account controls, and easy transaction tracking.
It does not offer a points or cashback program, keeping the focus on simplicity and transparent ongoing costs.
Enjoy global Mastercard acceptance, easy account monitoring, and security-focused controls every day.
Authorized users can have their own card and PIN, but only the primary cardholder receives statements and manages the account.
To learn more about applying and what to expect, move to the full guide below.
