Highlights

  • No annual fee on the primary card or the second authorized card.
  • Restaurants and recurring pre-authorized payments earn unlimited 1%.
  • Includes mobile-device coverage, 90-day purchase protection, and extended warranty.
mycredit Mastercard

Issuer: National Bank
Payment network: Mastercard
Product type: Credit card
Annual fee: $0 primary card; $0 for the second authorized card
Foreign currency conversion fee: charged

Rewards are cash back. The credit posts automatically to the card balance when each monthly statement is produced.

Welcome Offer

【September 8, 2026 update】 None

Official application link🔗

Eligibility: the age of majority in your province or territory, and a Canadian resident.

Everyday Spending

1%: Restaurant purchases and recurring pre-authorized payments, with no official spending cap. The account must be in good standing when cash back is issued. A recurring pre-authorized payment is a regular charge a merchant automatically takes from this card.

0.5%: Other eligible purchases, also with no official spending cap. Balance transfers, cash advances, and fees generated by this card do not earn cash back.

Benefits & Insurance

  • Online transaction verification (Mastercard ID Check)

Mastercard ID Check verifies your identity on online purchases to help prevent fraud. Unauthorized transactions are covered by Mastercard Zero Liability, subject to Mastercard’s terms.

  • Card management features

You can lock, unlock, or replace the card, and set balance alerts, travel notices, and pre-authorized payment schedules. The official site says these account features have no annual fee.

Shopping Insurance

  • Purchase Protection and Extended Warranty

Eligible new movable property must be paid entirely by the cardholder with this card. Theft or accidental damage within 90 days of purchase is covered. A manufacturer’s warranty that is valid in Canada is automatically doubled for a maximum of one extra year. If the original warranty is longer than five years, you must contact the insurer to register the purchase. Benefits do not exceed the purchase price charged to the account. Purchase protection and extended warranty together pay a maximum of $60,000 while the account is active, with no deductible. Gift cards, currency, tickets, and other items listed in the certificate are not covered. If the manufacturer’s warranty or another policy has already paid, the insurer coordinates payment under the certificate.

  • Repair or replacement of mobile devices

A new phone must be charged in full to this account, or financed so that every monthly payment posts consecutively to this card. A device with cellular transmission must also be activated by the carrier. Coverage starts on the later of the 60th day after purchase or the date the second monthly payment posts, ends no later than two years after purchase, and covers damage, loss, or theft. The payout is the lowest of replacement cost, repair cost, and depreciated value, minus the applicable deductible, up to $1,000. Depreciation is 3% of the purchase price per month. No benefit is paid if one mobile-device claim was already paid in the past 12 months, or two in the past four years.

  • Filing a Claim

Report theft or vandalism to police immediately and get a report. Call CanAssistance as soon as the event occurs, and ideally submit the form and complete supporting documents within 90 days. A late claim that prejudices the insurer may be denied. A mobile-device claim also needs proof of purchase, monthly statements or consecutive monthly-payment proof, a carrier loss report if applicable, and a repair quote. After the insurer accepts the claim, it may require the repair or replacement cost to be charged to this card before paying the benefit.