National Bank Business Mastercard vs Ramp Corporate Card

Both business cards worked out on the same spending: rewards, welcome bonus, fees and perks, line by line.

Naitonal Bank Business Mastercard

National Bank Business Mastercard

2.8

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ramp

Ramp Corporate Card

4.5

Apply now

Neither card earns rewards we can work out.

So National Bank Business Mastercard and Ramp Corporate Card come down to their fees, rates and perks, compared below.

Welcome bonus

Each offer as the issuer words it, then which milestones your spending reaches.

National Bank Business Mastercard

No welcome bonus right now.

Ramp Corporate Card

No welcome bonus right now.

Fees, rates and eligibility

What each card costs to hold and to use abroad, and who it's for.

$0

Annual fee

$0
$0

Employee cards

Not listed
2.5%

Foreign transaction fee

Better of the twoNone
No rewards

Rewards

Cash back
Mastercard

Network

Visa

National Bank Business Mastercard

Interest rates

Purchase:

20.99% or 14.5%^

Cash Advance:

22.99% or 14.5%^

Balance Transfer:

22.99% or 14.5%^

Recommended credit score

300
Poor
560
Fair
660⁎
Good
725⁎
Very Good
760⁎
Excellent
⁎Estimates based on Equifax scoring

Income required

Min Personal Income:

N/A

Min Household Income:

N/A

Ramp Corporate Card

Interest rates

Purchase:

N/A

Cash Advance:

N/A

Income required

Min Personal Income:

N/A

Min Household Income:

N/A

How each card earns

The earn rates and caps, as each issuer sets them.

National Bank Business Mastercard

  • Pay just $30 in annual fees with a minimum credit limit1 of $1,000 and reduce your rate to 14.5% on purchases, balance transfers and cash advances.2,3
  • Get up to $10,000 in coverage against fraudulent uses of your credit card by authorized cardholders.

Ramp Corporate Card

  • Get up to 1% cash back on all eligible transactions

Insurance and perks

What both cards include comes first in each list.

National Bank Business Mastercard

Insurance

  • purchase protection

    Purchase Protection

    90 days

Perks

No extra perks.

Ramp Corporate Card

Insurance

  • purchase protection

    Purchase Protection

    First 90 days, up to $10,000 per claim and $50,000 per cardholder

  • car insurance

    Car Rental Damage & Theft

    31 days. Reimbursed for damages caused by theft up to cash value of most rented cars
  • car accident

    Car Rental Accident

    31 days. Reimbursed for damages caused by collision up to cash value of most rented cars
  • extended warranty

    Extended Warranty

    Yes
  • emergency call

    Travel and Emergency Assistance Services

    Available 24 hours a day, 365 days a year

Perks

  • adapted limit

    Adapted limit

    Customizable limits and controls down to the merchant and transaction level
  • high credit limit

    High Credit Limits

    30x higher than those offered by traditional banks
  • credit-check

    No Credit Check

    No personal credit check or personal guarantee required
  • unlimited-credit-cards

    Unlimited Cards

    Issue unlimited virtual and physical cards for each employee

Our take

National Bank Business Mastercard

This is a no-rewards, no-frills business card — and that’s exactly the point. There’s no annual fee, no points to track, and no complicated structure. What you get is a clean way to separate business expenses from personal ones, with the option to drop your interest rate to 14.5% for just $30/year. That makes it one of the better options if your business occasionally carries a balance. It won’t earn you anything on spending, but for businesses that just need a functional credit line without paying for features they’ll never use, it does the job.

  • $0 annual fee (including additional cards)
  • Option to lower interest rate to 14.5% with $30 annual fee
  • Helps separate business and personal expenses
  • No rewards program (no points or cash back)
  • Limited insurance coverage
  • No travel perks or premium benefits

Ramp Corporate Card

The Ramp Corporate card offers a competitive edge with perks like higher credit limits, no credit checks, and cash back opportunities. The card pairs perfectly with Ramp's arsenal of products dedicated to expense management, bill payments, accounting automation, vendor management, and reporting. Together, these tools help Canadian businesses save both time and money.

  • No Annual Fee
  • High and Customizable Credit Limits
  • Cash Back Opportunities
  • No Credit Check
  • Unlimited Cards
  • Minimum Balance Requirements
  • Geographical Limitations
  • No Sole Proprietors

More business card comparisons

Each card against every other business card we review.

Legal


National Bank Business Mastercard

Little details that matter


Customer service or report a lost or stolen card

Report fraudulent use by an authorized cardholder

Chargeback


®Mastercard and Mastercard BusinessCard are registered trademarks, and the circles design is a trademark of Mastercard International Incorporated. Authorized user: National Bank
 

TM 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. 

 

Average balance

Annual interest rate

$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.caopens in a new tab 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.


National Bank is not responsible for maintaining or monitoring the accuracy of information on this website. If you apply and get approved for a National Bank Card, (I/we) may receive compensation from National Bank, which can be in the form of monetary payment.


Ramp Corporate Card

Terms and conditions apply. Cards issued by Peoples Trust Company under license from Visa International.

Must have at least $25,000 in your primary business bank account to qualify.

Businesses must be a corporation or a limited liability company registered in Canada; sole proprietorships, partnerships, and unregistered businesses are not eligible.

Certain industries may be restricted from onboarding to Ramp (e.g. cryptocurrency and cannabis businesses).

Ramp cannot serve Quebec, Saskatchewan, or the territories (Yukon, Northwest Territories, and Nunavut).