Prime rate and Interest details
The prime rate means the annual variable interest rate posted by National Bank, from time to time, and used by the Bank to determine the interest rates on the demand loans it grants in Canadian dollars in Canada.
The interest rate for the SYNCRO card consists of a variable prime rate set by National Bank plus a fixed adjustment rate of 4% for purchases and 8% for balance transfers and cash advances. Please note that the annual interest rate for the SYNCRO card will not be less than 8.9% for purchases and 12.9% for balance transfers and cash advances.
Credit terms
Grace period: No interest will be charged on purchases made during the month, provided the client pays the balance in full within twenty-one (21) days of the statement date. This grace period does not apply to cash advances or balance transfers. Minimum payment: If your account balance is lower than $10, you must pay the entire balance. If you reside in the province of Quebec, your minimum payment will correspond to 5% of the credit card account balance plus any overdue payment or $10, whichever amount is higher. If you reside outside of Quebec, your minimum payment represents 2.5% of the credit card account balance plus any overdue payment or $10, whichever amount is higher. Account statement: A statement is sent monthly.
Example of credit charges over a 30-day period
| Annual interest rate |
Average balance |
| |
$500 |
$3,000 |
| 22.49% |
$9.24 |
$55.45 |
| 20.99% |
$8.63 |
$51.76 |
| 12.90% |
$5.30 |
$31.81 |
| 8.9% |
$3.66 |
$21.95 |
*Variable interest rate in effect on September 1, 2021
Balance transfer and cash advance are subject to credit approval by National Bank. Each balance transfer must be at least $250.
Purchase protection and Extended warranty
This coverage applies to purchases charged to the National Bank Syncro card. Extended warranty coverage applies to most new items purchased with the card, in Canada or abroad, as long as the manufacturer’s warranty is valid in Canada. Certain conditions and restrictions apply. For more information and for details of your insurance coverage, please consult the insurance certificate associated with your card.
CONDITIONS – SYNCRO PROMOTIONAL OFFER
Length of the welcome promotion
From October 1st, 2025 to March 3rd, 2026
Eligibility conditions
• Sign up for a National Bank® Syncro™ Mastercard® credit card during the promotion as a primary cardholder.
• Not have held one of our Mastercard credit card for individuals from National Bank over the past 12 months as a primary cardholder.
• Keep the credit card account open until the annual fees are refunded, and the bonus is awarded.
• Keep the account in good standing by complying with the conditions set out in the credit card agreement, until the annual fees are refunded and the bonus is awarded. For example, all minimum payments must be made on time.
• Not be employed by National Bank or one of its subsidiaries.
The annual fees will be refunded for the first year for the primary cardholder, and a $70 cashback bonus will be credited to the account if $5,000 in net purchases are made within the first 12 months of card membership.
Promotion Description
Annual Fees
Refund of annual fees in the first year for the primary cardholder.
These annual fees will be charged to your new card account, and we will refund these fees. You will receive this refund within three months of account opening, provided your account is still open and in good standing. It will appear on your statement as a credit.
Bonus Payment
You may receive $70 as a cashback bonus to your account if a minimum of $5,000 in net purchases is charged to the credit card account within the first 12 months of account opening.
You will receive this cashback bonus within fifteen months of account opening, provided your account is still open and in good standing. It will appear on your statement as a credit.
The net purchases calculation period begins on the card membership date. For example, if you sign up for the card on November 25, 2025, you have until November 25, 2026, to complete the required $5,000 in net purchases to qualify for the $70 cashback bonus, and it will be credited to your account by the end of February 2027.
How Purchases Are Calculated
The total of purchases made with all cards linked to the account is considered.
The following transactions are not counted toward the total purchases: cash advances; balance transfers; Mastercard checks; interest; non-interest fees (such as annual fees, currency conversion fees, and insurance premiums); purchase returns.
Other Conditions
• You can only benefit from the promotion once.
• The card is subject to the Bank’s credit approval. Other conditions apply to the issuance of the card.
• This promotion cannot be combined with another promotion applicable to the Bank’s credit cards and is not retroactive.
• This promotion may be changed or withdrawn without notice.
