National Bank Syncro Mastercard
Annual Fee
$35.00
Interest Rate
8.90%*
Balance Transfer
12.90%*
Cash Advance
12.90%*
Credit Score
Good
Rewards
-
- Avoid late payments with pre-authorized debits: set up automatic payments before each due date. Simple. Smart. Effective.
- Discover exclusive offers: enjoy great food and so much more in the world’s top cities thanks to Priceless Cities.
- Enjoy purchase protection and warranties: 90-day purchase protection and an extended warranty on most items bought with your card.
- Benefit from fraud protection: shop securely with Zero Liability fraud protection.
- You must be a Canadian resident
- You must be the age of majority in your province/territory of residence.
Summary
The National Bank Syncro Mastercard allows its holders to finance major projects while benefitting from a low interest rate. Plus, with this card you can enjoy purchase protection and extended warranties!
Our Review
National Bank Syncro Mastercard
The National Bank Syncro Mastercard allows its holders to benefit from a low interest rate. The interest rate on purchases charged to this card is a minimum of 8.90%, and the interest rate on both balance transfers and cash advances are at a minimum of 12.90%. At an annual fee of $35 cardholders can take advantage of these low rates to pay off existing credit card debt or to finance major projects. Plus, with this card you can enjoy purchase protection and extended warranties! This card doesn’t offer much in the way of insurance coverage, rewards or perks but it is a decent option for low interest with no whistles and bells. While the 8.90% interest rate on purchases is one of the lowest you will find, you should keep in mind that this number is a minimum rate which may vary annually depending on the prime rate set by the National Bank. All in all, at a fee of $35 this card comes with some attractively low rates, but they are variable and you could find similar rates with a smaller or no annual fee.
As per our rating system, this card scored 0/25 on rewards, 24/25 on interest rates and balance transfers, 8/25 on perks and insurance, and 24/25 on annual fees. Therefore, the total smart score of this card is 56/100.
Pros
- Low interest rates on purchases, balance transfers and cash advances.
- Avoid late payments with pre-authorized debits: set up automatic payments before each due date. Simple. Smart. Effective.
- Discover exclusive offers: enjoy great food and so much more in the world’s top cities thanks to Priceless Cities.
- Enjoy purchase protection and warranties: 90-day purchase protection and an extended warranty on most items bought with your card.
- Benefit from fraud protection: shop securely with Zero Liability fraud protection.
Cons
- An annual fee of $35
- No rewards program or insurance coverage.
- The interest rate consists of an annually variable prime rate set by National Bank plus a fixed adjustment rate of 4% for purchases and 8% for balance transfers and cash advances. Rates are therefore variable and the rates of 8.90% and 12.90% are minimums.