Pros & Cons
Pros
- +No annual fee
Cons
- –Foreign Transaction Fee (2.5%)
- –No purchase protection
Our Review
The National Bank Business Mastercard is a business credit card with no annual fee, designed for entrepreneurs and self-employed workers who want to keep business spending separate from their personal finances and easier to track.
What the card gives you:
- No annual fee, for both the primary cardholder and additional cards
- Free additional cards for your employees, with centralized expense tracking
- National Bank’s Business account management tools
- A reduced rate option of 14.5% on purchases and balance transfers, for a $30 annual fee and a minimum credit limit of $1,000
The annual interest rate is 20.99% on purchases and 22.99% on cash advances and balance transfers. A 2.5% conversion fee applies to foreign currency transactions. This card does not offer a welcome bonus.
Fees and interest rates
- Annual Fee$0
- Foreign currency conversion fee2.5%
- Purchase Rate20.99%
- Balance transfer rate22.99%
- Cash advance rate22.99%
Terms & Conditions
Legal
®Mastercard and Mastercard BusinessCard are registered trademarks, and the circles design is a trademark of Mastercard International Incorporated. Authorized user: National Bank.
™ ID Check and Identity Check are trademarks of Mastercard International Inc. Authorized user: National Bank.
1 Subject to credit approval from National Bank.
2 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 2.5% of the credit card account balance plus any overdue payment or $10, whichever amount is higher. If you are a business that chose the corporate responsibility, please refer to the cardholder agreement and account statement. Account statement: A statement is sent monthly.
Example of credit charges calculated over a period of 30 days
| Annual interest rate | Average balance | |
| $500 | $3,000 | |
| 22.99% | $9.45 | $56.69 |
| 20.99% | $8.63 | $51.76 |
| 14.5% | $5.96 | $35.75 |
| 11.7% | $4.81 | $28.85 |
*Variable interest rate in effect on April 24, 2023.
3 Subject to credit approval from National Bank. The total of all amounts transferred cannot exceed $5,000.
4 Certain conditions apply. Visit mastercard.ca for more information. Refer to the credit card terms and conditions.
This content is made available by National Bank and its affiliates for information purposes only. It does not create any legal or contractual obligations for National Bank and its affiliates. The conditions described herein are not exhaustive and are subject to change.
Some of our cards offer a compensation plan in the event of fraud by a cardholder. If necessary, the fraud compensation plan entitles you to a refund limited to the real loss resulting from fraudulent use of the card or account by the cardholder. This plan only applies in the event of fraudulent use by a cardholder who is not also an authorized signatory. The refund amount can be up to $100,000 per account per 12-month period. To use this plan, the company and all authorized signatories must fully collaborate with the Bank and file an official complaint with law enforcement authorities. The application of the fraud protection plan is governed by the conditions set out in section 14 of the credit card agreement. In particular, the plan does not apply if, through negligence, the cardholder contributed to the unauthorized or fraudulent use of the card or account by any person other than a cardholder.
Conditions apply. All information is believed accurate but not guaranteed. Card details, rewards, and offers are subject to change at any time. Always verify the latest terms on the issuer’s website before applying. Un Accro du Rabais may receive compensation through affiliate links. This does not affect our editorial choices or card rankings. © 2026 Banque Nationale. All trademarks are property of their respective owners.
