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National Bank of Canada credit cards

The MC1 by the National Bank of Canada is a credit product that lets young adults build a credit history. The annual interest rate is 19.5 percent with no annual fee and a minimum credit limit of $500. Clients who are more cautious can choose to keep the limit at that amount. You enjoy access to your finances from any location worldwide and the benefit of a purchase insurance program. The purchase insurance covers the value of stolen or damaged items within three months of the date of purchase. Under MasterCard’s zero liability policy, holders of the card are not responsible in the event of unauthorized use. The coverage extends to purchases made in stores, over the phone or online. Under the extended warranty policy, the original warranty period is extended by as much as one year.

The annual interest rate on the Edition card is 19.5 percent. If you become a member of the CashBack Rewards program, no extra fee is charged. There is no annual fee, and the reduced interest rate option is 14.5 percent, with a fee of $20 per year. There is no fee on additional cards, and the minimum credit limit is set at $500. There are two versions of the Edition card – Edition with Cash Back and Edition with the Ŕ la carte Rewards Plan. With the former, you earn one point for every two dollars charged to the card. Your account is credited with ten dollars for every segment of 1,000 points. Under the Rewards Plan, the annual fee is $20, and one point is earned per dollar in purchases. This plan allows you to earn points at a high rate and lets you choose from a wide variety of prizes. These include travel rebates, gift cards, brand goods, and more.

The interest rate on the Allure card is 19.5 percent with no annual fee. There is no extra fee on Cash Back Rewards, but there is a fee of $20 per year if you opt for the rewards plan. If you subscribe to this card, you will be supporting the battle against breast cancer, with some proceeds going toward the Canadian Breast Cancer Foundation. Further advantages that come with the card are pre-authorized debit, balance transfers, payment protection plan, additional cards, and internet banking solutions. The online banking service of the National Bank of Canada allows clients to view their card history and account balance, see the number of rewards points they have accumulated, or increase their credit limit. The Travel Insurance protects card holders for a full year, covering medical, paramedical, and hospitalization expenses, living expenses’ allowance if abroad, and transportation expenses. The insurance includes coverage of baggage against vandalism, theft, and loss, together with refund of expenses if one’s trip is interrupted or cancelled. Flight Delay Insurance, Vehicle Rental Insurance, and medical, general, and legal assistance are not provided.

The Platinum card is an excellent choice for people who love traveling. Apart from an excellent rewards program, this card offers full-scale, extensive insurance coverage. The regular interest rate is 19.5 percent, and the annual fee stands at $125. The rewards plan is included. Holding such a card is a privilege that few can afford and indeed, this offer is directed at the bank’s most distinguished clients.

National Bank of Canada credit card reviews and credit card application details.

NameTypeInterest RateAnnual Fee
National Bank Platinum MasterCardMasterCard19.5%$125
National Bank Ovation Gold MasterCardMasterCard19.5%$95
National Bank Allure MasterCardMasterCard19.5%$30
National Bank Gold Edition MasterCardMasterCard19.5%$0
National Bank MasterCardMasterCard19.5%$0
National Bank Ultramar MasterCardMasterCard19.9%$0
National Bank MasterCard Business CardMasterCard19.9%$0