What’s Better: National Bank Syncro Mastercard Vs. Home Trust Secured Annual Fee VISA Card Vs. HSBC+ Rewards Mastercard
Read on to find out the comparison between National Bank Syncro Mastercard Vs. Home Trust Secured Annual Fee VISA Card Vs. HSBC+ Rewards Mastercard.
Source: Freepik
In this article, we compare these top three credit cards in Canada. Let us look at their distinctive features individually-
National Bank Syncro Mastercard
First, let us discuss the National Bank Syncro Mastercard-
1. Eligibility
There is no minimum income requirement or household income requirement. Further, your credit score needs to be 660 or more, and you must be a permanent resident of Canada.
2. Annual fee
The annual fee on this card is just $35.
3. Interest charged on Balance-
The purchase interest rate on this card is 8.90%, the cash advance interest rate is 12.90%, and the balance transfer interest rate is12.90%.
4. Reward
This specific card is a low-interest card. Compared to other major cards, you can enjoy a low-interest rate. Also, you get purchase protection if there is any case of theft or any damage
| Eligibility | 1. No minimum income requirement. 2. No minimum household income requirement. 3. A credit score of 660+. 4. A permanent resident of Canada and age. |
| Annual fees | $35 |
| Interest charged on Balance | 1. The purchase interest rate on this card is 8.90%. 2. The cash advance interest rate is 12.90%. 3. The balance transfer interest rate is12.90%. |
| Reward | 1. Low-interest card. 2. Purchase protection if there is any case of theft or any damage. |
Home Trust Secured Annual Fee VISA Card
1. Eligibility
There is no minimum income requirement or household income requirement. Further, your credit score needs to be 300 or more, and you must be a permanent resident of Canada.
2. Annual fees
The annual fee on this card is $59.
3. Interest on balances
The Purchase interest rate on this card is 14.90%, the cash advance interest rate is19.80%, and if you talk about the balance transfer interest rate, it is zero.
4. Reward
For this card, you can avail of low-interest rates and access cash anytime, anywhere from over 1 million ATMs around the world displaying the visa or Plus logo.
Let us present it in a tabular manner-
| Eligibility | 1. No minimum income requirement. 2. No minimum household income requirement. ‘ 3. A credit score of 300+. 4. A permanent resident of Canada and age. |
| Annual fees | $59 |
| Interest on Balances | 1. The purchase interest rate on this card is 14.90%. 2. The cash advance interest rate is 19.80%. 3. The balance transfer interest rate is zero. |
| Reward | 1. A low-interest credit card. 2. Access cash anytime, anywhere from over 1 million ATMs around the world displaying the visa or Plus logo |
HSBC+ Rewards Mastercard
1. Eligibility
There is no minimum income requirement or household income requirement. Further, your credit score needs to be 725 or more, and you must be a permanent resident of Canada.
2. Annual fees
The annual fee on this card is $25. The bank waives it off in the first year.
3. Interest on balances
On this card, the purchase interest rate is11.90%, the cash advance interest rate is 11.90%, and the balance transfer interest rate is 11.90%
4. Cashback and Rewards
On this card, you get a welcome bonus of 35,000 bonus points, which comes to about $175.
Further, you can earn 2x points on entertainment, restaurants (including fast food & drinks), another 1x points on bills, gas, groceries, other purchases, drug & pharmacy, and travel (including flights, hotels, taxis, public transit).
Also, on this card, you can
- A chance to earn 30,000 points when you spend around $2,000 within six months of your account opening ($150 travel value)
- Earn 5,000 points if you start your application online ($25 travel value)
| Eligibility | 1. No minimum income requirement. 2. No minimum household income requirement. 3. A credit score of 725+. 4. A permanent resident of Canada and age. |
| Annual fees | $25 but waived in the first year. |
| Interest on balances | 1. The purchase interest rate on this card is 11.90%. 2. The cash advance interest rate is 11.90%. 3. The balance transfer interest rate is 11.90%. |
| Cashback/ Rewards | 1. A welcome bonus of 35,000 bonus points. 2. Earn 2x points on entertainment and restaurants. 3. Earn 1x points on bills, gas, groceries, other purchases, drug & pharmacy, and travel. 4. A chance to earn 30,000 points when you spend around $2,000 within six months of your account opening. 5. Earn 5,000 points if you start your application online. |
Now, knowing these three credit cards in detail, let us do a comparative analysis of these three credit cards-
| National Bank Syncro Mastercard | Home Trust Secured Annual Fee VISA Card | HSBC+ Rewards Mastercard | |
| Additional Benefits | 1. Low-interest card. 2. Purchase protection if there is any case of theft or any damage. | 1. A low-interest credit card. 2. Access cash anytime, anywhere from over 1 million ATMs around the world displaying the visa or Plus logo | 1. Earn 2x points on entertainment and restaurants. 2. Earn 1x points on bills, gas, groceries, other purchases, drug & pharmacy, and travel. 3. A chance to earn 30,000 points when you spend around $2,000 within six months of your account opening. 4. Earn 5,000 points if you start your application online |
| Welcome Offer | – | – | A welcome bonus of 35,000 bonus points. ($175 values) |
| Minimum Income Requirement | None. | None. | None. |
| Condition of Canadian Resident | Yes. | Yes. | Yes. |
Expertbyarea Advice-
We have listed all low-interest credit cards, but each card differs from the other.
If you are looking for a low-interest card with cashback and reward features, the HSBC+ rewards card can be the best for you. But, if you want just a low-interest card with no extra rewards, the other two can be a good pick for you.
As experts, we can provide all the features of a credit card, but the last choice will be yours!
Let all your acquaintances know and help them get a clear view of these credit cards with our comparative analysis.
