Syncro Mastercard

The Syncro Mastercard from National Bank is a low-interest credit card with a $35 annual fee. It offers a prime rate plus 4% for purchases and prime plus 8% for balance transfers and cash advances, with minimum rates of 8.9% and 12.9% respectively.

Welcome Offer

There is no specific welcome offer mentioned for this card.

Summary

• Annual Fee: $35
• Purchase Rate: Prime rate + 4% (min. 8.9%)
• Balance Transfer and Cash Advance Rate: Prime rate + 8% (min. 12.9%)

Rewards

• This card does not have a rewards program.

Benefits

• No minimum income requirement
• Zero Liability protection for unauthorized transactions
• Enhanced security with Mastercard ID Check
• Contactless payments with Apple Pay and Google Pay

Insurance

• Purchase protection against theft or damage for 90 days
• Extended warranty doubling the manufacturer’s warranty for up to 1 additional year

Editor’s Review

Syncro Mastercard Review

The Syncro Mastercard from National Bank offers low variable interest rates tied to the prime rate, making it a solid choice for those seeking to minimize interest charges. With a modest annual fee of $35, this card provides essential protections and ease of use.

Key Features and Benefits

• Interest Rates:
  • Purchase Rate: Prime Rate + 4% (minimum 8.9%)
  • Balance Transfers and Cash Advances: Prime Rate + 8% (minimum 12.9%)
• Fees:
  • Annual Fee: $35
• Benefits:
  • Extended warranty up to double the manufacturer’s warranty
  • Purchase protection against theft or damage for 90 days
  • No minimum annual income requirement
• Insurance Coverage:
  • Purchase protection and extended warranty coverage
• Security Features:
  • Mastercard® ID Check™ for secure online purchases
  • Zero Liability for unauthorized transactions

Pros and Cons

Pros:

• Low variable interest rates
• Affordable annual fee
• Strong purchase protection and extended warranty benefits
• No minimum income requirement

Cons:

• Variable interest rates depend on the prime rate
• Limited rewards and travel benefits

Who is this card for?

This card is ideal for consumers who prioritize low interest rates and want to minimize interest costs on their purchases. It’s well-suited for those who value purchase protection and extended warranties without needing a high income.

Comparison Table

Final Verdict

The Syncro Mastercard scores a 7.2/10. It excels in offering low variable interest rates and essential purchase protections, making it a cost-effective option for those focused on minimizing interest expenses. However, it lacks rewards and travel-related benefits, which may be a drawback for some users. Ideal for individuals who seek a straightforward credit card with low interest rates and fundamental protections.

Disclaimer: Refer to the official credit card web page for the latest rates, terms, and conditions. Nothing in the Site constitutes professional and/or financial advice, nor does any information on the Site constitute professional and/or financial advice.