National Bank Credit Card Reviews: The Best of NBC Mastercard in 2022

If you’re looking for a new credit card, you might want to consider a National Bank Mastercard.

You can earn 20,000 welcome bonus points just for signing up and earn points with every purchase you make.

national bank credit card reviews

Plus, there are a variety of cards to choose from, depending on your needs.

So whether you’re looking for cash back, rewards, or low-interest rates, National Bank has a credit card for you.

National Bank has something for you if you’re a Canadian looking to diversify your credit cards.  Thanks to their various credit cards, you can enjoy different perks and rewards when shopping, travelling and going about your everyday activities. 

This National Bank credit card review will explore all the cards from this Bank. You’ll learn of their perks, rewards and the best context they’re suitable for.

Ready? Set? Let’s dig in. 


National Bank Credit Cards in Canada: Quick Comparison and Promotion on Select Mastercard Credit Cards

NBC Credit CardsAnnual FeeWelcome BonusPurchase Interest RateInterest Rate – Balance Transfer & Cash AdvancesMinimum Income Required
Best for Travel: National Bank World Elite Mastercard$0 (for the first year), $150 (yearly, from year 2)20,000 Points20.99%22.49%$80,000 (personal), $150,000 (household)
Best for Travel: National Bank World Mastercard$115N/A20.99%22.49%$60,000 (personal), $100,000 (household)
Best for Travel Rewards: National Bank Platinum Mastercard$0 (for the first year), $89 (yearly, from year 2)20,000 Points20.99%22.49%N/A
Best for Cashback / No Annual Fee / Student: National Bank mycredit Mastercard$0N/A20.99%22.49%N/A
Best for Cashback / No Annual Fee: National Bank Allure Mastercard$0N/A20.99%22.49% N/A
Bets for Cashback: National Bank ECHO Cashback Mastercard$30N/A20.99%22.49%N/A
Best Low-Interest Rate Credit Card: National Bank Syncro Mastercard$35N/A8.90%12.90%N/A
Best All-in-one Expense Card / No Annual Fee: National Bank MC1 Mastercard$0N/A20.99%22.49%N/A

National Bank of Canada (NBC): Who and What?

You’ll hear the phrase “National Bank” or “National Bank of Canada” or “NBC” often in this review. So, it’s only normal to give a proper introduction. 

National Bank of Canada (NBC) began its operations in 1859 – the same year it was established. Since then, it has grown into one of the largest Canadian banks. Currently, it sits in the sixth position on the list of the largest banks in Canada. 

What Does National Bank Offer?

They provide a wide range of finance-related products and services to satisfy the financial needs of Canadians. 

Some of their financial products and services include investments, credit cards, personal banking, and more. The sole goal of the National Bank of Canada is to ensure they are the only financial partner you’ll ever need to satisfy your financial need.

National Bank of Canada Credit Cards

  1. World Elite Mastercard
  2. World Mastercard
  3. Platinum Mastercard
  4. MC1 Mastercard
  5. Syncro Mastercard
  6. mycredit Mastercard
  7. Allure Mastercard
  8. ECHO Cashback Mastercard

National Bank Credit Card Promotion

There are two National Bank credit card offers currently available:


National Bank Credit Card Reviews

Did You Know? National Bank ranks #1 among credit card issuers for Customer Experience according to the Forrester CXIndex.

Ready to see the credit card options from National Bank? Keep reading.

Best Travel Credit Cards – National Bank of Canada (NBC)

National Bank understands that customers have a variety of unique needs and interests. That’s why they offer a variety of ways to use the rewards points accumulated on the National Bank Mastercard travel credit cards – World Elite, World, and Platinum.

With your National Bank Mastercard rewards, you can choose from options like:

  • Redeeming for new electronics, kitchen accessories, gift cards, and more.
  • You can also use your points to make a payment on your credit card balance or contribute to your RRSP or TFSA.
  • And for those who like to give back, they offer the option to donate to one of their participating charities.
  • Plus, there’s no need to wait to start planning your next trip – you can use your points to book travel.

With so many options available, it’s easy to find a way to use your rewards that fits your individual needs.

1. National Bank Mastercard World Elite

✅ Perks: Travel Rewards
✅ WELCOME OFFER: 20,000 bonus points
✅ OFFER: No annual fee for the first year
✅ Earn up to 2 points on ALL card purchases* without restrictions*!
✅ $250 refund for travel expenses
✅ Free access along with one guest to the National Bank World MasterCard Lounge at Montréal-Trudeau
✅ Travel insurance for up to 60 days
✅ Receive benefits and rewards over the first year valued at $1,117

  • Annual Fee: $0 (First Year), $150 (after the first year), $50 (additional card fee)
  • Minimum gross annual income required: $80,000 (personal) or $150,000 (household)
  • Recommended Credit Score: Good
  • Purchase rate: 20.99%
  • Balance transfer and Cash advances rate: 22.49%
  • ✔️ Up to $250 each year in “savvy traveller” fee rebates  on airport parking, seat selection and check-in fees
  • ✔️ Comprehensive travel insurance coverage – Trip cancellation/interruption, flight delay and baggage insurance
  • ✔️ Rental vehicle insurance*
  • ✔️ Travel assistance service
  • ✔️ Purchase protection in case of theft or damage*
  • ✔️ Extended Warranty*

National Bank World Elite Mastercard Review

As an individual who travels the world, you’ll gain much from the National Bank World Elite Mastercard. For starters, NBC would pamper you with a $250 refund on your travel expenses. 

When opening your Elite world Mastercard account, they’ll waive the first year’s $150 annual fee. You’ll only start to pay annual fees on the card from the second year. 

The World Elite Mastercard National bank card makes the difference. Get travel experience to the next level.

Guess what? When next you are at Montreal-Trudeau International Airport (YUL) as a National Bank World Elite Mastercard holder, feel free to relax at the National Bank Lounge at the airport.

This credit card gives you unlimited free access to the lounge. Enjoy exclusive perks – free snacks and drinks (including wines, beers and spirits), free wi-fi, international newspapers and magazines, charging ports, and more!

National Bank Lounge Montreal Review

⭐️⭐️⭐️⭐️⭐️ Better than Air Canada Lounges. Good food, nice kids section, and great when quiet.

Let’s talk about the insurance benefits attached to this card. They are purchase protection, trip cancellation and interruption, flight delay, medical, baggage, extended warranty and rental vehicle insurance.

WELCOME OFFER: 20,000 Bonus Points

The best part is that your cumulative first-year benefit and reward are valued at $1,117.

2. National Bank World Mastercard

✅ Perks: Travel Rewards
✅ Earn up to 2 points on ALL card purchases* without restrictions*!
✅ Travel insurance for up to 60 days
✅ Comprehensive travel insurance coverage – Trip cancellation/interruption, flight delay and baggage insurance

  • Annual Fee: $115 (additional card fee: $35)
  • Minimum gross annual income required: $60,000 (personal) or $100,000 (household)
  • Recommended Credit Score: Good
  • Purchase rate: 20.99%
  • Balance transfer & Cash advances rate: 22.49%
  • ✔️ Rental vehicle insurance*
  • ✔️ Travel assistance service
  • ✔️ Purchase protection in case of theft or damage*
  • ✔️ Extended Warranty*

National Bank World Mastercard Review

Although this World Mastercard from NBC does not offer you a refund on your travel expense, there are other rewards to enjoy. For instance, you’ll get travel discounts. 

Simply redeem your points and use them to pay for travel expenses like your travel ticket or rental vehicle.

Let’s talk about what it takes to sign up for this card. 

If you are an individual applying for this card, you’ll need a minimum gross annual income of $60,000. Or minimum gross annual household income of $100,000.

Of course, this card is loaded with insurance coverage benefits. 

Cardholders would enjoy insurance coverage on trip cancellation and interruption, car rental, travel, and baggage loss.

The best part is that you’ll get 3X the manufacturer’s warranty, up to 2 additional years, on most of the products you buy with this card. 

3. National Bank Platinum Mastercard

✅ Perks: Travel Rewards
✅ WELCOME OFFER: 20,000 bonus points
✅ OFFER: No annual fee for the first year
✅ Earn 1 point on ALL card purchases* without restrictions*!
✅ Travel insurance for up to 10 days
✅ No minimum income required

  • Recommended Credit Score: Good
  • Annual Fee: $0 (for the first year), $89 (yearly, from year 2), $35 additional card fee.
  • Purchase rate: 20.99%
  • Balance transfer & Cash advances rate: 22.49%
  • ✔️ Comprehensive travel insurance coverage – Trip cancellation/interruption, flight delay and baggage insurance
  • ✔️ Rental vehicle insurance*
  • ✔️ Travel assistance service
  • ✔️ Purchase protection in case of theft or damage*
  • ✔️ Extended Warranty*

National Bank Platinum Mastercard Review

The National Bank Platinum Mastercard is the third card in NBC’s series of travel reward cards. With this card, you get awarded redeemable points on anything you buy.

Guess what? You don’t need a minimum income to get this card. Thus, it is a great choice for those wanting to build their credit scores.

The minimum credit limit on this card is $500.

WELCOME OFFER: 20,000 Bonus Points

Unless you understand the value of these points, you won’t appreciate it. Here’s a sneak peek; you can redeem your points for something bigger- like that product you’ve been saving up to buy from your favourite brand.

You’ll also enjoy up to 10-days insurance coverage on trip cancellation and interruption, purchase protection, medical, legal, baggage theft or loss, flight delay, etc.


Best Cash Back Credit Cards – National Bank of Canada (NBC)

Getting cashback on anything you buy is a great way to save money.

National Bank of Canada understands that saving money on anything is part of the financial freedom journey and therefore has some cashback credit card options available for you.

The following are the cashback credit cards from National Bank. 

4. Best Cashback No Annual Fee Card for Students → National Bank mycredit Mastercard

✅ Perks: Cashback
✅ 1% cashback on restaurant transactions and recurring automatic transfers
✅ 0.5% on all other eligible purchases
✅ Free protection for your mobile phone
✅ Annual Fee: $0
✅ No minimum income required

  • Recommended Credit Score: Good
  • Cashback offer: Up to 1%
  • Purchase rate: 20.99%
  • Balance transfer and Cash advances rate: 22.49%

mycredit Mastercard National Bank Review

This credit card gives you 1% cash back on certain purchases – restaurant purchases and payments you pre-authorize. For other purchases, you’ll get 0.5% cashback.

Now, you might think the cashback means nothing, and that’s understandable. But if you approach it from an “annual cashback” perspective, you’ll appreciate it better. See the table below for a scenario of what you can earn.

Weekly SpendingCashbackAnnual Cashback
Restaurants $1001%$52
Mobile Plan (Recurring Pre-Authorized Payments) $251%$13
Groceries $850.5%$22
Online purchases $750.5%$20
Total of $107 in Cashback!

Aside from the 1% cashback offer, you’ll also enjoy free mobile protection. Here’s how it works. When you buy your mobile phone with the mycredit Mastercard or phone subscriptions paid for with this credit card or by automatic transfers from your mycredit account, you’ll enjoy two years of free insurance coverage if your mobile phone is stolen or damaged. The mobile phone insurance coverage is for up to $1,000. 

Benefit from cashback on your restaurant purchases, pre-authorized payment, and a free mobile protection.

Beyond that, this card gives you fraud protection, thanks to the zero liability policy. You’ll also enjoy an extended warranty on products you buy with this card. 

To apply for this credit card or any other National Bank Mastercard, you must be a Canadian resident. That is a Canadian citizen, permanent resident of Canada, temporary resident – student or worker. In addition, you must have attained the age of majority in the province or territory where you live.

5. Best No Annual Fee Cash back Credit Card → National Bank Allure Mastercard

✅ Perks: Cashback
✅ Earn 1 point for every $2 spent
✅ One of the only cards in Canada associated with a cause – Support the Quebec Breast Cancer Foundation with each purchase
✅ Get 10% discount on purchase of certain gift cards
✅ Annual Fee: $0
✅ No minimum income required

  • Recommended Credit Score: Good
  • Cashback: $10 cashback for every 1,000 points earned
  • Purchase rate: 20.99%
  • Balance transfer and Cash advances rate: 22.49%
  • Minimum credit limit: $500
  • ✔️ Extended warranty*
  • ✔️ Purchase protection in case of theft or damage*
  • ✔️ Your cause. Your card. Created for today’s women, the Allure card allows you to contribute to the Quebec Breast Cancer Foundation. 

National Bank Allure Mastercard Review

This card is more than a credit card. It allows you to support the Quebec Breast Cancer Foundation.

You don’t have to go on breast cancer rallies with the foundation. All you need to do is diligently use your National Bank Allure Mastercard for everyday purchases.

As you use this National Bank credit card, National Bank makes an annual 1% donation of your purchases to the foundation, for a total amount of up to $750,000.

National Bank Allure Mastercard – Support the Quebec Breast Cancer Foundation and get cashback.

Of course, you don’t only give to a cause with this card. You’ll also receive cashback perks.

For every $2 you spend, you’ll earn 1 point. Thus, you would earn $10 for every 1,000 points. Your cashback automatically gets credited to your credit card account once a year.

In addition, this card does not have an annual fee.

The National Bank Allure Mastercard is the perfect way to support the Quebec Bearst Cancer Foundation. It’s easy to apply and only takes five minutes.
Plus, you get an immediate response to your card application.
Apply Now

With the Allure Mastercard, you’ll get all the benefits of a great credit card, plus the added satisfaction of knowing that you’re supporting a great cause.

This National Bank credit card is accepted everywhere Mastercard is accepted, so you can use it wherever you shop.

And, best of all, every time you use your Allure Mastercard, the foundation will receive a donation. So why wait? Apply today and start making a difference.

6. National Bank ECHO Cashback Mastercard

✅ Perks: Cashback
✅ Earn up to 1.5% cashback on your day-to-day purchases
✅ Urban experiences
✅ Annual Fee: $30
✅ No minimum income required

  • Recommended Credit Score: Good
  • Annual Fee: $30 
  • Purchase rate: 20.99%
  • Balance transfer & Cash advances rate: 22.49%
  • ✔️ Earn 1.5% cashback on most online purchases, in grocery stores and on gas
  • ✔️ Get unlimited 1% cashback on all other purchases

National Bank Echo Cashback Mastercard Review

The ECHO Mastercard from National Bank gives you up to 1.5% cashback on most things you buy. Specifically, you’ll get 1.5% cashback reward when you buy gas, make online purchases and shop groceries with this National Bank credit card. For all other purchases, you’ll get 1% cashback.

Unlike the other National Bank cashback cards (mycredit Mastercard and Allure Mastercard) that have no annual fee, the ECHO Mastercard has a $30 annual fee but also has a higher cashback percentage.

How much cashback could you earn? See the table below for a scenario of how much cashback you could earn with your weekly expenses.

Weekly SpendingCashbackAnnual Cashback
Groceries $1251.5%$97
Online purchases $751.5%$58
Gas $751.5%$58
Restaurants and shows $501%$26
Cellphone and utilities $501%$26
Miscellaneous expenses1%$26
Total of $291 in Cashback!

There’s more to this card than the cashback benefit. 

One of the best features of this card is Urban Experiences! Enjoy unique experiences with Priceless Cities. Get room upgrades, exclusive menus and many other surprises.

And, of course, it goes all out to give cardholders some of the best insurance coverage. There’s the extended warranty, purchase protection and zero liability insurance coverage.

Also, the Mastercard ID Check protects card holders from fraud by verifying their identities before approving online purchases. 

The ECHO Cashback Mastercard is a great way to get up to 1.5% cashback on your day-to-day purchases. It’s easy to apply for and only takes a few minutes to complete the application. Plus, no minimum income is required.

So why wait? Apply today and start earning cashback on the things you buy every day.


Best Low-Interest Rate Credit Card – National Bank of Canada (NBC)

Credit cards come with interest rates. Sometimes, paying interest on purchases can be heartbreaking. Here is NBC’s low-interest rate credit card to soothe your financial burden. 

7. National Bank Syncro Mastercard

✅ Perks: Low-Interest rate
✅ Purchase rate: 8.90%
✅ Balance transfers and cash advances interest rate: 12.90%
✅ Extended warranty*
✅ Purchase protection in case of theft or damage*
✅ Annual Fee: $35
✅ No minimum income required

  • Recommended Credit Score: Good
  • Purchase rate: 8.90% (minimum) or prime rate + 4%
  • Balance transfers and Cash advances rate: 12.90% (minimum) or prime rate + 8%

National Bank Syncro Mastercard Review

If the thought of interest is beginning to scare you, you can take a break now with the Syncro Mastercard. This National Bank credit card has a reduced interest rate than NBC’s other credit cards. 

You’ll only pay 8.90% (minimum) or prime rate +4% on purchases and 12.90% (minimum) or prime rate +8% when you take a cash advance and on balance transfers.

Although the card does not earn you rewards, it has other benefits such as an extended warranty, purchase protection, and more.

The Syncro Mastercard is a great choice for anyone looking for a low-interest rate credit card. With its competitive rates and easy application process, it’s no wonder that so many people are choosing the Syncro Mastercard.

Whether you’re looking to consolidate your debts or simply save on interest, the Syncro Mastercard is a great option. So why wait? Apply today and take advantage of all that the Syncro Mastercard has to offer.


Best All-In-One Expenses NBC Mastercard

Sometimes, you need a card that caters to all your expenses. If you’re a student or new to credit, a credit card that helps you get things done and build your credit score in the process is all you need.

Check out this all-in-one expense card from the National Bank of Canada.

8. Best National Bank Student Credit Card with No Annual Fee → National Bank MC1 Mastercard

✅ Enjoy a simple, efficient and practical payment solution
✅ Control your spending by setting your credit limit to $500
✅ Protect your purchases with an insurance program you can count on
✅ Annual Fee: $0
✅ No minimum income required

  • Recommended Credit Score: Good
  • Purchase rate: 20.99%
  • Balance transfer and Cash advances rate: 22.49%

National Bank MC1 Mastercard Review

Think of this card as your all-in-one credit card solution. You can use it for everyday purchases. But that’s not where the magic lies.

The true magic of this card is in helping you monitor all your expenses – making you conscious of how you spend money.

With just one card, you can easily manage all your expenses – making it easier than ever to stay on top of your finances.

Guess what? Cardholders won’t pay a dime as an annual fee.

Although no rewards are tied to this card, cardholders would enjoy a 21-day grace period where they don’t have to pay interest on purchases, as long as they promptly pay what they owe within 21 days of the agreed payment date.

The added benefits attached to this card are purchase protection, extended warranty and fraud protection.

Ready to take advantage of this National Bank credit card? It takes just a few minutes to apply!

So what are you waiting for? Get started today and enjoy the simplicity and convenience of the MC1 Mastercard.


FAQs: National Bank of Canada Credit Cards

What Is the Most Accepted Credit Card in Canada?

The most accepted credit card in Canada is the Mastercard. You can use it at any store in Canada.
Next is the Visa card. Although the Visa card is not accepted at all stores in Canada, most stores accept it. The only stores that do not accept Visa cards are Costco Canada and Walmart Canada. 

What Credit Bureau Does the National Bank of Canada Use?

National Bank of Canada uses Equifax Credit Bureau. Other banks that use this Credit Bureau are TD Canada Trust, Bank of Montreal, HSBC, Scotia Bank, and Mogo.
Get your free Equifax credit score with Borrowell.

Does Getting Denied a Credit Card Hurt Your Score? 

No, getting denied a credit card does not hurt your credit score. What hurts your credit score is applying for a credit card. It reduces your credit score a little. Check your credit score for free before you apply for a credit card.

Can I Get a Credit Card with a 700 Credit Score?

Yes, you can get a credit card with a 700 credit score. Generally, a good credit score starts from 640. So, if your credit score is 700, you’re eligible to get a sound credit card with tremendous rewards. We recommend the National Bank Mastercard World Elite.

How Many Credit Cards Are Too Many?

While it’s okay to diversify your credit portfolio, it’s better to have only two to four credit card accounts along with a blend of other types of credit like loans (Mogo personal loan) and a mortgage


Final Thoughts: Best National Bank Credit Card, Canada

We hope that with this National Bank credit card review, you are in a better position to decide which National Bank credit card works best for you. Learning about these cards is the best way to help you decide which one best meets your needs. 

If you have a good credit score, you can easily get approved for a National Bank credit card in minutes by completing an application online.

✔️ Best National Bank Travel Credit Card for Rewards → National Bank Mastercard World Elite (20,000 welcome bonus points) or National Bank World Mastercard

✔️ Best National Bank Travel Credit Card with no minimum income required → National Bank Platinum Mastercard (20,000 welcome bonus points)

✔️ Best National Bank Cashback Credit Card, with high cashback earning potential → National Bank ECHO Cashback Mastercard

✔️ Best National Bank Cashback Credit Card, with no annual fee → National Bank mycredit Mastercard

✔️ Best National Bank Cashback Credit Card, with no annual fee and associated with a cause → National Bank Allure Mastercard

✔️ Best National Bank Credit Card for Low-Interest → National Bank Syncro Mastercard

✔️ Best National Bank Student Credit Card → National Bank MC1 Mastercard

On the other hand, if you have a bad credit score, you may need to focus on increasing your credit score before you can apply for a credit card from National Bank.


More: Best Credit Cards in Canada


AUTHOR

Charity Oisamoje

Charity's professional competencies and expertise make her qualified to write about this topic. She is an expert at collecting details, verifying facts, and making complex subjects easy to understand. Backed by solid credentials: ✔️MBA in Finance ✔️Canadian Investment Funds (IFIC) Graduate ✔️Masters Degree in International Business ✔️Chartered Professional Accountant (CPA) Candidate ✔️Chartered Insurance Professional (CIP)
Learn More >> About Page


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