National Bank mycredit Mastercard®
Mobile device protection on a no-fee card is unusual — most cards that include it charge $120 or more annually. Add a newcomer-specific $100 welcome bonus, no income requirement, and 1% on dining and recurring bills, and it makes a solid companion card for anyone arriving in Canada and building credit from scratch.
Earn rates
What this card earns you
Enter what you spend in a month. Caps are applied exactly as the card states them.
Annual spend
$21,600
$1,800 a month
Estimated rewards
$150
per year, after caps
After the annual fee
$150
no annual fee
0.5%
$30
per year
0.5%
$9
per year
1%
$36
per year
0.5%
$12
per year
1%
$48
per year
0.5%
$15
per year
Estimates use each card's published earn rates and spending caps, annualized from your monthly figures. Where a cap is shared across categories it is split in proportion to what you spend in each. Welcome bonuses are not included.
Key facts
Annual fee
$0
$0 for the second authorized card.
Purchase APR
20.99 %
Cash advance APR
22.49 %
Foreign transaction fee
2.5%
Income required
No minimum income required.
Credit score
600+
Quebec residents — terms may differ
Standard Quebec-market terms apply: 20.99% / 22.49% interest rates and a 5% minimum monthly payment (vs 2.5% elsewhere in Canada).
Rates and fees sourced from National Bank of Canada's official card page →
Perks & benefits
$100 cash back welcome bonus for newcomers to Canada
Mobile device protection up to $1,000 — rare on any no-fee card
No annual fee and no minimum income requirement
1% cash back on dining and recurring pre-authorized payments
Insurance coverage
- Mobile device protection ($1,000, 2 years).
- Purchase protection (90 days).
- Extended warranty (1 year).
Pros & cons
Pros
- Mobile device protection up to $1,000 is exceptional for a no-fee card
- Newcomer welcome bonus specifically targets new Canadians
- No income requirement makes it accessible to anyone building credit
- National Bank is headquartered in Quebec — strong French-language support
Cons
- 0.5% base rate on all other purchases is among the lowest available
- 1% earn rate on bonus categories is modest compared to competing no-fee cards
- Limited nationwide branch and ATM network outside Quebec
- Welcome bonus requires completing 20 purchases — higher threshold than most
Eligibility requirements
- Subject to credit approval.
Frequently asked questions
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