- No annual fee
- Enjoy a simple, efficient and practical payment solution
- Access funds anywhere in the world
- Control your spending by setting your credit limit to $500
- No minimum income is required. Subject to credit approval.
- Protect your purchases with an insurance program you can count on
- MasterCard Zero Liability program
- Purchase protection
4.0 / 5.0 (7 votes)
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Information - Rates - Fees

Intro APR:
N/A*
Intro Period:
N/A*
APR:
20.99%*
Annual Fee:
$0*
Card Network:
Card Category:
Student (Regular)
Card Type:
Beginners Card
Build Credit
Every Day Purchases
New to Canada
Young Adults
Credit Needed:
Good*
Grace Period:
21 days*
Min Credit Line:
$500
Late Payment Fee:
N/A*

Balance Transfers

Balance Transfer:
Yes
APR on Balance Transfer (%):
22.49%

Cash Advances

APR on Cash Advances (%):
22.49%

Other Fees

Additional Fees
Additional card fee: $0
Foreign transaction fee: 2.5%

CreditCardsLab is compensated by featured partners, but editorial opinions are our own.

Review by

The MC1 Mastercard is a perfect blend of security and convenience. With the card's innovative features and the National Bank of Canada's commitment to customer satisfaction, it's a combination that redefines the credit card experience for users in Canada.

One of the standout features of the MC1 Mastercard is the Mastercard ID Check service. This feature is dedicated to ensuring the safety of online transactions, a significant concern for digital-age consumers. Each time users make online purchases, their identities are verified, providing an added level of security. This identity verification mechanism significantly reduces the risk of fraudulent transactions, giving cardholders peace of mind.

Additionally, the MC1 Mastercard provides comprehensive fraud protection, reinforcing the safety of your financial transactions. Benefiting from Mastercard's Zero Liability policy, cardholders are protected from being held liable for unauthorized transactions completed with their cards. This feature is a testament to the card's focus on consumer protection, demonstrating the synergy between MC1 Mastercard and NBC efforts to prioritize customer security.

Moreover, the MC1 Mastercard does not compromise on convenience in its quest for security. The card offers a $0 annual fee, a competitive 20.99% purchase rate, and a 22.49% rate on balance transfers and cash advances, easing the financial burdens of its users. The contactless payment feature, Tap & Go, also contributes to this convenience, making every transaction smooth and quick.

Features

Most attractive:
- No annual fee
- Simple card
- Good for everyday use
Least attractive:
- No rewards
- No intro offers
- No mobile insurance

Rewards & Benefits

Reward Unit:
Cash
Expiration:
None*
Yearly Limit:
None*
Other Benefits:
- Mastercard ID Check
- Extended warranty
- Purchase protection
- Fraud protection
- Urban experiences
- Apple Pay and Google Pay
- Contactless payments
- One-click payment
- Automatic payments
*See terms and conditions of the card for other benefits
Online Access:
Yes!

*The information provided for National Bank MC1 Mastercard® is believed to be accurate at the time of evaluation (Jan 1, 2024). We strongly advise visitors to review the fees, terms and conditions to verify accuracy of the information posted prior to applying for the product.

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