When looking for a credit card, you will find many different options. Many cards will offer a variety of rewards including travelling and shopping deals.
While the National Bank Credit card doesn’t come with a whole list of rewards, it has many travel related benefits.
So, if you are looking for the perfect travel rewards card that comes with excellent insurance and low interest rates, then this card is a great option. This guide will show you exactly what to expect and how to apply.
Benefits of Using the National Bank Credit Card
Here are some of the key benefits of having this card in your wallet.
Mobile Protection
You will receive protection against damage and theft for two years as an incentive for having this card. If you buy a new phone, be sure to inform the bank so that you can enjoy this benefit.
Contactless Payments
This card is compatible with your mobile phone. When you download the app, you can simply tap and pay for purchases on the go. There's no need to carry the card around and increase the risk of losing it.
Purchase Protection
You will get protection for damages and theft on all purchases you make for up to 90 days from the date of purchasing the products. You must however use the card to pay for the purchases.
Extended Warranties
The card will double up as the manufacturer’s warranty for most of the products you purchase.
Other Perks of Using this Card
Take a look at the other perks you can expect.
- No annual fee
- Cash back rewards – you will earn 1% cashback on the amount paid for purchases in restaurants that are pre-approved, and a 0.5% cashback when you shop everywhere else
- Annual cashbacks can amount up to $52 per year on purchases
Fees and Charges
The card attracts the following charges.
- A regular APR interest rate – This is charged at 20.99%
- Balance transfer rate – This is charged at 22.99%
- Cash advance interest rate – 22.99% on the cash advance
- Annual fee - $0
- Balance transfer fee – charged at 1%
- Cash advance fee outside of Canada - $5
- Foreign transfer fee – charged at 2.5% of the amount
How to Apply
The application can be done on the National Bank website. Simply access the site and click on ‘apply for the card’. You will be provided with an application form that requires you to fill out your personal information.
This information includes your name, social insurer, income information, your email address, and current residential address.
Ensure to review your application form before submitting.
Eligibility
To be eligible for the National Bank MasterCard Credit Card, you must meet the following requirements.
- Must be a Canadian Citizen or a Permanent resident who is at least 18 years old – some provinces insist on 19 years
- You must provide all the required documentation
- You must have a residential address
- You must have a steady income
Kindly check out the National Bank Company Website to fill out an application form and learn more about this card.
Contact Information
For technical assistance, call the bank between 7am and 10p.m. Mondays to Friday on 1-888-835-6281
Mailing address
Secrétariat corporatif
600, rue de La Gauchetière Ouest, 4e étage
Montréal, Québec
H3B 4L2
Bottom Line
This card may not have too many frills, but it gives you plenty of benefits including the 1% fee on balance transfers. If you are looking for a good credit card, there are also plenty of other perks such as the warranty extension and the mobile phone insurance. Check out their website to learn more.
Note: There are risks involved when applying for and using credit. Consult the bank’s terms and conditions page for more information.
