National Bank Syncro Mastercard Review

The National Bank Syncro Mastercard is considered one of the best National Bank credit cards, particularly for those prioritizing low-interest rates.

It offers a current rate of 9.20% APR on purchases and 13.20% on cash advance transactions for a $35 annual fee.

This National Bank Syncro Mastercard review covers this card’s benefits, downsides and eligibility requirements to help you determine if it’s the right card for you.

National Bank Syncro Mastercard – Summary

The National Bank Syncro Mastercard is an ideal choice for individuals who wish to transfer their balance, receive basic insurance coverage on purchases, or minimize their interest payments on their credit card.

After all, the current APR for purchases on this card is only 9.20% (4% + Prime), while the minimum APR for cash advances is 13.20% (8% + Prime).

However, note that since this Mastercard uses the National Bank’s annual variable interest rate, aka Prime Rate, the interest rates can vary slightly, depending on your transaction type.

Benefits Of The National Bank Syncro Mastercard

Some of the main benefits of the National Bank Syncro Mastercard include the following:

Purchase Protection

The National Bank Syncro Mastercard protects your purchases from loss, damage, or theft for 90 days from the purchase date of your goods.

Extended Purchase Warranty

Double the manufacturer’s warranty of the items you buy using the National Bank Syncro Mastercard for up to a one-year extension. This benefit also covers purchases made abroad, provided the manufacturer’s warranty is valid in Canada.

Fraud Protection

Mastercard’s Zero Liability Policy guarantees you won’t be held liable for unauthorized transactions made using your card. In case of any disputed payments, simply contact National Bank’s customer service for assistance.

Special Offers For Urban Travels

Thanks to the Priceless Cities program, this National Bank Mastercard provides you with exclusive offers for room upgrades, unique tours, and menus when visiting eligible cities worldwide.

Safe And Convenient Payments

Whether you need to make contactless, mobile, automated or one-click payments, the National Bank Syncro Mastercard has got you covered. It caters to all forms of popular payments, ensuring your safe and convenient financial transactions.

Downsides Of The National Bank Syncro Mastercard

Although it has multiple benefits, the National Bank Syncro Mastercard still has some downsides you should take note of, which are listed below.

$35 Annual Fee

Although paying $35 per year is a considerably fair price for this National Bank credit card, some may still consider this a downside, considering that some other low-interest credit cards in Canada have no annual fees.

No Rewards Points Or Cash Back

You can’t accumulate rewards points or receive cash back with this credit card.

Interest Rates May Vary

Since the National Bank Syncro Mastercard incorporates the Prime Rate to determine its APR, it’s not unusual for its interest rates to vary over time.

Note: The increase or decrease of this National Bank Mastercard’s APR is subject to change based on the Bank of Canada’s overnight rate.

Paid Balance Transfers

This card’s low-interest rates make it an excellent option for balance transfers. Unfortunately, it charges a minimum of 13.20% when transferring balances, which makes it the weaker candidate against other low-balance transfer credit cards in Canada.

How To Apply For The National Bank Syncro Mastercard

The following requirements must be met to apply for the National Bank Syncro Mastercard:

• Be a Canadian resident.
• Be at the age of majority in your province or territory.

Provided you meet these two criteria, you can apply for this credit card online, by calling the National Bank customer service, or by visiting the bank in person.

The application process typically takes only a few minutes. Ensure you have your SIN and several pieces of ID for identification purposes to avoid potential delays when applying.

Alternatives To The National Bank Syncro Mastercard

If you’re open to other low-interest credit card options apart from the National Bank Syncro Mastercard, you may want to consider the cards listed below.

BMO Preferred Rate Mastercard

The BMO Preferred Rate Mastercard is another affordable credit card option with a low annual fee of $20.

CIBC Select Visa Card

This Visa card is another excellent low-interest credit card option for any Canadian resident whose household income is at least $15,000 per year.

Related: CIBC Select Visa Review.

MBNA TrueLine Mastercard

If you are looking for a low-interest credit card with zero annual fees, the MBNA TrueLine Mastercard fits the bill.

Is the National Bank Syncro Mastercard Worth It?

The National Bank Syncro Mastercard is worth it if you need a secure, low-interest credit card with multiple benefits.

This credit card offers purchase and fraud protection and an extended purchase warranty, making it one of the best cards for Canadian residents who prioritize security while saving money.

Related: Best Instant Approval Credit Cards for Bad Credit.