Applying for a credit card can be a pivotal financial decision, especially when it comes to selecting one that aligns with your needs and lifestyle.

The National Bank Syncro Mastercard stands out as a compelling option for many Canadians due to its unique features and benefits.

Unlike traditional credit cards, the Syncro Mastercard offers a variable interest rate that is tied to the National Bank’s prime rate, potentially offering significant savings on interest charges.


In this article, we will explore how the National Bank Syncro Mastercard works, its advantages and disadvantages, the application process, and whether it’s the right choice for you.

Whether you’re looking to manage your expenses more effectively or seeking a card with no annual fee, this guide will provide you with all the necessary information to make an informed decision.

How Does the National Bank Syncro Mastercard Credit Card Work?


The National Bank Syncro Mastercard is a unique credit card offering by the National Bank of Canada, designed to provide cardholders with competitive interest rates and a host of benefits.


Unlike many traditional credit cards that come with a fixed interest rate, the Syncro Mastercard features a variable rate that is closely linked to the National Bank’s prime rate.

This means that as the prime rate fluctuates, so does the interest rate on your card. This can be advantageous in a low-interest-rate environment, potentially saving you money on interest charges.

The Syncro Mastercard functions similarly to other credit cards, allowing cardholders to make purchases, pay bills, and withdraw cash advances.

However, its standout feature is the variable interest rate, which is typically lower than that of many other credit cards.

This makes it an attractive option for individuals who often carry a balance and want to minimize interest costs.


Advantages of the National Bank Syncro Mastercard Credit Card

  • Low Variable Interest Rate: The primary benefit of the Syncro Mastercard is its low variable interest rate, which can save cardholders money, especially if they carry a balance.
  • No Annual Fee: There is no annual fee for this credit card, making it an affordable option for budget-conscious consumers.
  • Purchase Protection: Purchases made with the Syncro Mastercard are covered against theft or damage for up to 90 days from the date of purchase.
  • Extended Warranty: The card doubles the manufacturer’s warranty up to an additional year on most items purchased with the card.
  • Zero Liability Protection: Cardholders are protected from unauthorized transactions with zero liability, ensuring peace of mind.
  • Emergency Card Replacement: In case your card is lost or stolen, the National Bank provides an emergency card replacement service.
  • Access to Mastercard Global Services: This includes 24/7 assistance for lost and stolen card reporting, emergency cash advances, and ATM locations.
  • Cash Advances: The card allows for cash advances, although these typically come with higher interest rates than regular purchases.
  • Contactless Payments: The card supports contactless payments, making transactions quicker and more convenient.
  • Online Account Management: Cardholders can manage their accounts online, making it easy to track spending, make payments, and view statements.

Disadvantages of the National Bank Syncro Mastercard Credit Card

While the Syncro Mastercard offers numerous benefits, there are also some drawbacks to consider:

  • Variable Interest Rate: While a variable rate can be low, it can also increase if the prime rate rises, potentially leading to higher interest costs.
  • Higher Interest on Cash Advances: The interest rate on cash advances is typically higher than on regular purchases, which can add up quickly if not paid off promptly.
  • Foreign Transaction Fees: There may be fees for transactions made in foreign currencies, which could be a consideration for frequent travelers.

Is the National Bank Syncro Mastercard Credit Card Worth Applying For?

Whether the National Bank Syncro Mastercard is worth applying for depends on your financial situation and spending habits.

If you frequently carry a balance and are looking for a card with a low interest rate to minimize interest charges, this card can be a great choice.

Its lack of an annual fee and solid purchase protection benefits add to its appeal.

However, if you prefer a card with a robust rewards program or more premium benefits, you might want to explore other options.


Requirements to Apply for the National Bank Syncro Mastercard Credit Card

To be eligible for the National Bank Syncro Mastercard, applicants typically need to meet the following requirements:

  • Age: Applicants must be at least the age of majority in their province or territory.
  • Residency: Must be a Canadian resident.
  • Credit History: A good credit score and credit history are often required to be approved for the card.
  • Income: Proof of sufficient income or financial stability may be necessary.
  • Identification: Valid identification documents, such as a driver’s license or passport, are required during the application process.

How to Apply for the National Bank Syncro Mastercard Credit Card?

  1. Visit the National Bank Website: Go to the official National Bank of Canada website.
  2. Navigate to Credit Cards: Find the credit cards section and select the Syncro Mastercard.
  3. Review Card Details: Carefully read through the card’s terms, conditions, and benefits to ensure it meets your needs.
  4. Start the Application: Click on the “Apply Now” button to begin the application process.
  5. Fill Out the Application Form: Provide personal information, including your name, address, social insurance number, and employment details.
  6. Submit Documentation: Upload any required documents, such as proof of income and identification.
  7. Review and Submit: Review your application for accuracy and submit it.
  8. Wait for Approval: The bank will review your application and notify you of the decision. This process can take a few days to a few weeks.
  9. Receive Your Card: If approved, your new Syncro Mastercard will be mailed to you.
  10. Activate Your Card: Once you receive your card, follow the instructions to activate it and set up your PIN.


Frequently Asked Questions

1. What is the interest rate on the Syncro Mastercard?

The interest rate is variable and linked to the National Bank’s prime rate. It can fluctuate, so it’s important to check the current rate before applying.

2. Is there an annual fee for the Syncro Mastercard?

No, there is no annual fee for this card.

3. Can I use the Syncro Mastercard internationally?

Yes, the card can be used worldwide wherever Mastercard is accepted, but be aware of foreign transaction fees.

4. What should I do if my card is lost or stolen?

Contact National Bank immediately to report the loss or theft. They will assist with blocking the card and issuing a replacement.

5. How can I check my balance and transactions?

You can check your balance and transactions online through the National Bank’s online banking platform or mobile app.

Applying for the National Bank Syncro Mastercard can be a smart choice for those seeking a low-interest credit card without an annual fee.

By understanding the application process and weighing the pros and cons, you can make an informed decision that aligns with your financial goals.