Benefit from cashback on your pre-authorized payments and restaurant purchases, as well as free mobile protection

The National Bank mycredit Mastercard is designed for consumers looking for a card that offers cash back on everyday purchases, along with various protections and benefits. With an annual fee of $0, this card is appealing for those who want to earn rewards without worrying about high fees. The purchase rate stands at 20.99%, while the interest rate on balance transfers and cash advances is 22.49%.

Key Benefits of the mycredit Mastercard

This card comes packed with several attractive benefits that can enhance your spending experience:

• Cashback Rewards: Earn up to 1% cash back on restaurant purchases and recurring pre-authorized payments. For all other eligible purchases, you can earn 0.5% cash back.
• Mobile Protection: Your mobile device is insured against theft or damage for up to two years after purchase.
• Extended Warranty: Extend the manufacturer’s warranty on most items purchased with your card for up to an additional year.
• Fraud Protection: Benefit from Mastercard’s zero liability policy and ID check service to secure your online purchases.
• Purchase Protection: Protect most new purchases from theft or damage for up to 90 days after the purchase date.

How to Enjoy Your Cashback

So, how do you actually enjoy the cashback rewards? It’s straightforward:

1. Apply Online: Start by applying for the card online.
2. Make Purchases: Use your card for eligible purchases to earn cashback.
3. Utilize Your Cashback: Your cashback is automatically applied to your credit card account balance with each monthly statement.

Features That Simplify Your Life

The mycredit Mastercard includes features that cater to modern financial needs:

• Account Management: Easily lock, unlock, or replace your credit card when needed. You can also set up balance alerts and activate travel notifications.
• Pre-Authorized Payments: Schedule your payments without incurring an annual fee, making it easier to manage your finances.

Pros and Cons

Like any credit card, the National Bank mycredit Mastercard has its advantages and disadvantages. Here’s a quick breakdown:

Pros:

• Zero annual fee makes it cost-effective.
• Cashback rewards on restaurant purchases and recurring payments are beneficial for frequent spenders.
• Mobile protection and extended warranty offer peace of mind for purchases.
• Fraud protection features enhance security for online shopping.

Cons:

• Higher interest rates compared to some other credit cards.
• Cashback on general purchases is lower than some competing cards.