Independent ClearFin review · National Bank
Full earn rates, fees and benefits for the National Bank mycredit Mastercard.
Offers can change without notice
Certificate terms apply
💸 No-Fee CashbackIts strongest published earn rate in our data is 1.0% on dining. With no annual fee, it can be easier to keep long term without needing rewards to offset a yearly cost.
Checked 2026-08-09 · Official issuer catalogueIssuer promotions change frequently. Check the card's official page before applying.
Confirm final approval criteria and current rates directly with the issuer.
Approval is based on credit history, repayment behavior, and overall creditworthiness. No fixed minimum credit score is publicly disclosed by the issuer.
ClearFin estimate on Canada's 300–900 scale. This is not an issuer cutoff or approval guarantee; lenders may use different bureau scores and underwriting criteria. This is a no-fee, entry-to-mid tier cashback card designed for broad accessibility. Applicants with fair credit may qualify, but stronger credit profiles improve approval odds and credit limits. Income is not a primary published requirement.
Reward limits: No official spending caps are published for cashback accumulation. Cashback is earned at 1% on restaurant purchases and recurring pre-authorized payments, and 0.5% on all other eligible purchases. Because there are no category-specific limits, earn is effectively uncapped; however, issuer risk controls and credit limits indirectly constrain total monthly accumulation.
Redemption values and availability may vary by option and can change.
Redeem earned cash rewards using the issuer's available cash-back or statement-credit options.
Minimum redemption amounts, automatic payout timing, and eligible account credits vary by issuer; confirm the current program terms before applying.
Consider these extras by the value they add to purchases and experiences you already use.
Cashback on everyday spending categories
Earn up to 1% cashback on restaurant purchases and recurring pre-authorized payments, and 0.5% on all other eligible purchases.
No annual fee structure
No yearly cost for primary or additional cards, making it accessible for low to moderate spend users.
Mobile device protection
Coverage against theft or damage of eligible mobile devices purchased with the card or financed through eligible payment plans (up to 2 years).
Extended warranty protection
Extends manufacturer warranty on eligible purchases, typically doubling coverage for up to 1 additional year.
Purchase protection insurance
Protection for new eligible purchases against theft or damage for up to 90 days after purchase.
Fraud and Zero Liability protection
Protection against unauthorized transactions under Mastercard security conditions.
Secure online payment authentication
Mastercard ID Check provides an additional verification layer for online purchases to reduce fraud risk.
Flexible cashback redemption
Cashback is automatically applied monthly as a statement credit, reducing manual redemption friction.
2 coverages listed. Key terms are summarized below; full certificate terms apply.
This coverage is listed in ClearFin's card catalogue. Confirm eligibility, limits, exclusions, and payment requirements in the issuer's current insurance certificate.
This coverage is listed in ClearFin's card catalogue. Confirm eligibility, limits, exclusions, and payment requirements in the issuer's current insurance certificate.
Coverage is subject to eligibility, exclusions, limits, payment requirements, and claim rules in the insurance certificate.
What we like
Worth noting
A practical reading of where the card earns, what the fee buys, and which limits matter.
Up to 1% cashback. Mobile device & extended warranty protection. No annual fee.
Dining receive the strongest estimated return at 1.0%. Purchases outside the accelerated categories earn an estimated 0.50%.
There is no annual fee to recover, which can make the card easier to keep for credit-history length or occasional use. Interest and other transaction fees can still apply.
This card is most relevant for someone who spends consistently on dining and groceries and prefers to avoid a yearly fee.
Compare the purchase interest rate, foreign-transaction fee, approval requirements, reward limits, and insurance certificates. Pay particular attention to merchant-category rules because a store may not receive the reward rate its products appear to suggest.
💸 No-Fee Cashback
💸 No-Fee Cashback
📉 Low Interest
Issuer terms apply. ClearFin is not affiliated with this provider. How we make money. Card facts were checked against the issuer's official source. The issuer's current catalogue was checked. Any field not explicitly listed remains marked as unverified rather than estimated.
