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MC1 Mastercard® credit card review

Check out the MC1 Mastercard® credit card review to understand how the card works and to enjoy all the benefits it offers!

MC1 Mastercard® credit card: many benefits at a zero annual fee

This card mixes security features with a unique experience program you may enjoy! Source: National Bank.
This card mixes security features with a unique experience program you may enjoy! Source: National Bank.

National Bank is one of the best financial institutions in Canada when it comes to customer experience. According to Forrester CX IndexTM, this bank has achieved first place for Customer Experience for the second year. So now you can get one of its credit cards: the MC1 Mastercard®. The card comes with many benefits, security features, and an experiential program that allows you to get exclusive menus and upgraded rooms. You’ll learn all that and more in our MC1 Mastercard® credit card review.

So, check out all the details about it right below and keep reading for more!

Credit ScoreFair
Annual Fee$0
Regular APR20.99% (purchase rate)
22.49% (cash advances and balance transfers)
Welcome bonusNone
RewardsNone
MC1 Mastercard® credit card

How to apply for MC1 Mastercard® credit card?

Learn how to apply for an MC1 Mastercard® credit card and enjoy all its benefits at a zero annual fee!

How does the MC1 Mastercard® credit card work?

The MC1 Mastercard is a fantastic option for Canadians that want to build a credit history and enjoy benefits at a zero annual fee.

Although the card doesn’t come with rewards and a welcome bonus, it offers many security features, such as Purchase Protection for up to 90 days after purchase, an Extended warranty, and Fraud Protection against unauthorized transactions.

Also, it provides you with a contactless payment option and ID Check to guarantee secure online purchases.

Furthermore, this credit card offers a program called Priceless Cities, in which cardholders can enjoy entertainment experiences, culinary encounters, priority access, and many other events across the world.

The interest rate ranges from 20.99% on purchases to 22.49% on cash advances and balance transfers.

And there is no annual fee for an additional card, as well. 

Finally, the minimum credit limit is a reasonable $500.

MC1 Mastercard® credit card benefits

Keep reading our MC1 Mastercard® credit card review. Source: Pexels.
Keep reading our MC1 Mastercard® credit card review. Source: Pexels.

Firstly, one of the main benefits you can get from an MC1 card is the $0 annual fee. Contrary to many other credit cards available in Canada, this one guarantees zero cost to both primary and additional cards.

Also, it provides you with a complete package of security features. Moreover, it includes Mastercard’s Zero Liability, Purchase Protection, Extended Warranty, and Mastercard® ID CheckTM for online shopping. 

In addition, the card comes with a contactless payment option for your convenience.

Even though there are no welcome bonuses, the card offers a program for cardholders. Including dining, shopping, and entertainment worldwide.

Pros

  • There is no annual fee;
  • It offers a complete package of security features;
  • The application requirements are accessible;
  • You can build a credit history by using the credit card responsibly;
  • It offers the Priceless Cities program.

Cons

  • The card doesn’t offer a welcome bonus or rewards;
  • The interest rate is relatively high.

Pre-approved credit cards for low credit score available now

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How good does your credit score need to be?

The credit score recommended for applying for this card is a fair score. Also, you must be a Canadian resident at the age of majority in the province you live in.

How to apply for an MC1 Mastercard® credit card?

If you are interested in getting a secure credit card to enjoy a good customer experience, check out how to apply for an MC1 Mastercard right on the next post!

MC1 Mastercard® credit card

How to apply for MC1 Mastercard® credit card?

Learn how to apply for an MC1 Mastercard® credit card and enjoy all its benefits at a zero annual fee!

About the author

Aline Augusto

My name is Aline Mesquita; I'm a writer here on the blog, where I write about finance in general and other subjects. I have been working with content creation for ten years. Also, I'm post-graduated in Project Management, with expertise in SEO practices. Currently, I am studying finance, market trends, and cryptocurrencies.

Reviewed by

Aline Barbosa

Senior Editor

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