Banco Nacional de Canadá
No annual fee. Up to 1% cashback on eligible purchases, mobile and purchase protection, extended warranty, and an easy approval process for all incomes.
The National Bank No Annual Fee Mastercard stands out with its strong perks despite a $0 annual fee. If you’re searching for a reliable everyday card, this may be the one.
This card lets you earn up to 1% cashback on eligible purchases, with no minimum income required. Additional features include mobile protection, purchase protection, and extended warranty insurance.
The standard purchase interest rate is approximately 20-22%, which aligns with most basic cards in this category. Balance transfer and cash advance rates are slightly higher but within typical range.
How to Apply for the National Bank No Annual Fee Mastercard
Applying is simple and can be completed online in just minutes. To start, fill out the application form through the provider’s website.
You’ll be required to provide your personal and financial details for credit approval. There’s no minimum income requirement, making approval accessible to most Canadians.
Review and accept the cardholder agreement before submitting your application. Once approved, you’ll receive your card in the mail promptly.
Activate your card through online banking or over the phone, then immediately start making secure purchases, both in-store and online.
Benefits: Cashback and Protection
This Mastercard offers up to 1% cashback on qualifying purchases, so your daily spending rewards you automatically.
There is also comprehensive purchase protection and an extended warranty, giving added peace of mind for electronic and major purchases.
Mobile protection ensures your device is covered when purchased with the card or when your plan is billed automatically.
The card also allows for convenient contactless and digital wallet payments, making it easy to pay securely wherever Mastercard is accepted.
Desventajas a considerar
One limitation is the standard interest rates on purchases, which range around 20-22%—consistent with most no fee cards but still higher than low-interest products.
This card does not include high-end travel insurance or premium perks offered by some fee-based cards, so frequent travellers may want to look elsewhere.
Nuestro veredicto
The National Bank No Annual Fee Mastercard is ideal for Canadians who seek value and simplicity without an annual charge. It delivers solid rewards and useful protection.
If you want a straightforward card with cashback and extra security features, this no-fee option from National Bank deserves your consideration. It’s a clear winner for budget-conscious spenders.
