National Bank Credit Card Canada

By: EconomyWatch   Date: 6 October 2010

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The National Bank Financial Group, formerly the National Bank of Canada, provides Canada National Bank Credit Cards. There are a number of different National Bank Credit Cards available for Canadians of all income levels. The National Bank Credit Cards Canada are recommended for people who want to experience the pinnacle of financial freedom.

The National Bank Financial Group: Past and Present

The history of The National Bank of Canada can be traced back to 1859, when Banque Nationale was established in Quebec. After a series of takeovers, mergers and acquisitions, it became The National Bank of Canada. In 2008, it was rechristened as The NationalBank Financial Group. Headquartered in Montreal, it has a nationwide network of 448 branches and is the sixth largest bank in Canada.

National Bank Credit Card Canada: Popular Ones and Their Features

The most popular National Bank Credit Cards Canada include the MC1, Edition, Escapade, Allure, Ovation Gold and Platinum cards. They have a common regular interest rate of 19.5%. Cardholders can also take advantage of a low purchase rate of 14.5% and balance transfer, as well as cash advance rate of 11.5% for an annual fee $15. However, the interest rate might change without prior notice. Apart from the interest rate, the most prominent features of these cards include:

MC1:

  • Minimum credit limit: $500

Edition:

  • Regular interest rate: 19.5%
  • Minimum credit limit: $1,000

Escapade:

  • $20 annual fee for main card and $10 for every additional card.
  • Minimum credit limit: $1,000 and $500 for students.
  • Customer loyalty reward program, where customers earn one point for every dollar worth of card transaction. These points can be redeemed for a variety of gifts.

Allure

  • Although most of its features are similar to that of the Escapade, unlike the Escapade, Allure has the added advantage of giving discount options at partner retailers.
  • Initial charge to procure the main card is $30.

Ovation Gold:

  • Minimum Credit limit: $1,000.
  • Annual fee of $90 for main card and $30 for additional cards.
  • Travel accident insurance worth $500,000.

Platinum:

  • $120 is charged for the main card and $60 for supplementary cards.
  • Trip Cancellation and Trip Interruption insurance up to $2,500.
  • Flight Delay insurance up to $500. To get this cover, the delay must exceed four hours.

‘National Bank Credit Card’ and ‘National Bank Canada’ are trademarks of The National Bank Financial Group, who can be found at www.nbc.ca/

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Most Popular in Canada Credit Cards

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