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mycredit Mastercard®

mycredit Mastercard®

1% on restaurant transactions and recurring automatic transfers

Annual Fee Interest Rate Balance Transfer Cash Advance Credit Score Good: -- I've had a credit card, or loan for 6+ years. I've had good credit for the last 7 years (no bankruptcies or no defaults on credit as a result of failing to pay debts back to creditors). I haven't opened a new credit card account, loan, or line of credit in the last nine months. I've made the minimum payments on my existing credit cards for the past three months. Rewards Are all rewards created equal? From points, to miles, to cash back – how do you know how much you’re really getting? To help you find the best rewards card, we’ve created the Your Reward Return, an estimate on the dollar value of your rewards based on your monthly spend so that you can compare like for like. Now that’s wise thinking!
$0.00 20.99% 3.90% *22.99% after 6 months 22.99% Good -
  • Card Details Details
  • Our Review Review

Card Details


  • 1% on restaurant transactions and recurring automatic transfers

  • 0.5% on all other eligible purchases

  • Protection for your mobile phone: Your new mobile devices, purchased with your card, or phone subscriptions paid for with your card or by automatic transfers from your mycredit account is protected against theft or damages for a period of up to 2 years

To find out more on the credit terms applicable to this product, click here.

RateSupermarket.ca's Review

Is there such a thing as FREE money? The reward structure offered by the National Bank mycredit Mastercard® provides just that in cash-back advantages!

First of all, there is no fee. Secondly, for the first three months of card membership, you will earn 6% cash-back on restaurant purchases and recurring pre-authorized payments. Other eligible purchases earn 2% cash-back. Once the promo expires, you will earn 1% cash-back at restaurants and with pre-authorized payments, and 0.5% cash-back on everything else. This money adds up, and is automatically applied to your monthly balance.

Cash rewards aside, the mycredit Mastercard® boasts an impressive suite of purchase insurance, covering mobile devices for two years and other eligible purchases for 90 days.

In a nutshell, this card rewards you for every day purchases and gives you the opportunity to earn cash-back each month without having to do anything. You will struggle to find another no-fee card that can compete with this offer.

Earning Potential: $224.78*** in cash-back

How does this card stack up to other cash-back options? We crunched the numbers using our Best of Finance methodology to see how much you could earn over a 24-month period.

Assuming $1,222.96 is spent on the card monthly, at eligible retailers in the following categories*:


Pharmacy Food Gas
$55.33 $758.33 $155.72**
Travel Other Monthly Total
$151.21 $102.17 $1,222.96


Total cash-back earned over a 24-month period: $224.78***

*Source: Statistics Canada
**Based on $1.00/litre gas prices
***includes 3 month promotion of 6% cash-back on eligible purchases, up to a maximum of $125 in cash-back.

$224.78 in cash-back from two years of average spending is pretty great for a no-fee card. Note, you won't receive a lump sum because the money is automatically deducted from your monthly bill.



  • No annual fee AND cash-back rewards.
  • New cardholders enjoy an eye-watering 6% cash-back rate on restaurant purchases and pre-authorized payments (valid for the first three months, up to a maximum of $125 in cash-back).
  • During this promo, you earn 2% cash-back on all other eligible purchases.
  • After the promo expires, you get 1% cash-back on restaurant purchases and recurring pre-authorized payments, and 0.5% cash-back on all other eligible purchases.
  • No limit to the amount of cash-back you can get. If you keep spending, you keep earning.
  • You can accumulate cash-back faster by adding an additional card to your account. There is no charge for this.
  • There is no wait to receive your hard-earned rewards. The amount earned is deducted from your monthly credit card balance.
  • All new mobile devices purchased with your card, are protected against damages or theft for two years.
  • Get double the manufacturer's warranty on all eligible purchases.
  • Enjoy 90-day purchase protection against theft and damage.
  • Shop securely with Zero Liability fraud protection, which protects you against fraudulent charges should your card get lost or stolen.



  • Some cards do offer a higher rate of cash-back, but they have higher eligibility requirements and almost certainly charge an annual fee.
  • No travel insurance benefits included with this card.


Rate, product information and rewards estimate are subject to change at any time and does not constitute financial advice. Please contact supplier for complete details

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