National Bank Business Mastercard vs RBC® Business Cash Back Mastercard‡

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

National Bank Business Mastercard

2.8

Learn more

Our review

RBC® Business Cash Back Mastercard‡

2.9

Learn more

Our review Rewards calculator

Worked out on a typical small business spending $4,000 a month. Enter yours to see your own numbers.

Doesn't earn rewards

First-year value

$422

Doesn't earn rewards

Every year after

$302

Only RBC® Business Cash Back Mastercard‡ earns rewards we can work out.

Compare the fees, rates and perks below.

How the first year adds up

Rewards and the welcome bonus in, the annual fee, FX fees and employee cards out, at your spending.

—

Annual rewards

$481.8

cash back a year

—

Welcome bonus

+ $120.45

first year only

—

Annual fee

− $0

no annual fee

—

FX fees

− $180

2.5% on $600/mo

—

First-year value

$422.25

Where each card earns

A year of your spending on each card, category by category, biggest spend first.

—

All Other Business Expenses

$12,600 a year

$126

at 1%

—

US Dollar Purchases

$6,150 a year

$61.5

at 1%

—

Recurring Bills & Subscriptions

$4,800 a year

$48

at 1%

—

Gas & EV Charging

$3,600 a year

$36

at 1%

—

Dining & Restaurants

$3,600 a year

$36

at 1%

—

Office Supplies

$3,000 a year

$30

at 1%

—

Phone, Internet & Cable

$2,400 a year

$24

at 1%

—

Hotels

$1,800 a year

$18

at 1%

—

Shipping & Courier

$1,800 a year

$18

at 1%

—

Accounting & Bookkeeping

$1,800 a year

$18

at 1%

—

Other Foreign Currencies (EUR, GBP, etc.)

$1,230 a year

$12.3

at 1%

—

Electronics & Software

$1,200 a year

$12

at 1%

—

Air Canada

$1,200 a year

$12

at 1%

—

Transportation

$1,200 a year

$12

at 1%

—

Other Airlines

$600 a year

at 1%

—

Car Rental

$600 a year

at 1%

—

Other Travel

$600 a year

at 1%

—

Rewards in a year

$481.8

Welcome bonus

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

National Bank Business Mastercard

No welcome bonus right now.

RBC® Business Cash Back Mastercard‡

Earn 2% cash back on purchases^* made on your card in the first three months.

National Bank Business Mastercard

RBC® Business Cash Back Mastercard‡

Worth $120.45 at your spending

Intro rate for the first 3 months

$120.45

Fees, rates and eligibility

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

Annual fee

Employee cards

$0, max. of 1 additional card

2.5%

Foreign transaction fee

2.5%

No rewards

Rewards

Cash back

Mastercard

Network

Mastercard

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

RBC® Business Cash Back Mastercard‡

Interest rates

Purchase:

19.99%

Cash Advance:

22.99%

Balance Transfer:

22.99%

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

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.

RBC® Business Cash Back Mastercard‡

Earn 2% cash back on purchases^* made on your card in the first three months.
Earn 1% cash back on purchases^* made on your card after three months.
Once your cash back balance reaches $25 or more, you can have the full amount credited to your account at any time. Otherwise the cash back rewards will automatically be credited to your account every January.
Get $0 delivery fees for 3 months from DoorDash⁶

Insurance and perks

What both cards include comes first in each list.

National Bank Business Mastercard

Insurance

Purchase Protection

90 days

RBC® Business Cash Back Mastercard‡

Insurance

Purchase Protection

90 days

Extended Warranty

Up to a year

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

RBC® Business Cash Back Mastercard‡

Flat 1% cash back on everything, no annual fee, no categories to optimize. It’s about as simple as a business rewards card gets. You won’t maximize value here — 1% is below what category-specific cards offer — but you also won’t pay a cent in fees or waste time tracking bonus spending. The 2% promotional rate for the first three months adds a small upfront sweetener. This card works best for sole proprietors or small businesses that just want to earn something on every purchase without any complexity. If your spending is high enough to justify a fee card, look elsewhere.

No annual fee
Simple cashback program
Interest-free grace period
DashPass subscription
Contactless payments
Credit card lock feature
Zero liability protection

No bonus cashback categories
limited additional cards
No travel perks
Foreign transaction fees
Annual cashback caps
No airport lounge access
Basic insurance coverage

More business card comparisons

Each card against every other business card we review.

National Bank Business Mastercard

RBC® Business Cash Back Mastercard‡

Legal

National Bank Business Mastercard

Little details that matter

Important contact information

Customer service or report a lost or stolen card	In Canada or the U.S.: 1-844-394‑4494 Other countries: 514-394‑4494
Report fraudulent use by an authorized cardholder	In Canada or the U.S: 1-800-231‑2024 Other countries: 514-394‑0805
Chargeback	1-844-394-4494

Legal notes

^®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.

RBC® Business Cash Back Mastercard‡

^*Annual cash back cap : $650

⁶To receive a complimentary DashPass subscription for $0 delivery fees on orders of $15 or more at eligible restaurants when you pay with your Eligible RBC Credit Card, you must subscribe to DashPass by adding an Eligible RBC Credit Card, accept the DoorDash terms and conditions, and activate your benefit by clicking “Activate Free DashPass” before September 30, 2025 (“Offer Period”). If you are an existing DashPass subscriber and have already added an Eligible RBC Credit Card to your account you must activate your benefit by clicking “Activate Free DashPass” during the Offer Period. If you have been charged for DashPass you will receive a refund to the method of original payment, in the amount of the monthly subscription fee for the month you activate your complimentary subscription. For all clients, by clicking on “Activate Free DashPass” you agree to the DoorDash terms and conditions which can be found at https://help.doordash.com/consumers/s/terms-and-conditions .

Eligible RBC Credit cardholders include primary cardholders, co-applicants, authorized users, primary business cardholders and secondary business cardholders on an Eligible RBC Credit Card account.

The DashPass monthly subscription fee will be waived (“Complimentary DashPass Subscription”) and you will receive either a 3 month or 12 month Complimentary DashPass Subscription based on the Eligible RBC Credit Card you use to subscribe to DashPass.

DashPass subscriptions purchased through third parties, including third-party payment accounts, or online or mobile digital wallets (like Apply Pay and Google Pay) are not eligible for the Complimentary DashPass Subscription.

Eligible RBC Credit Cards: Your Eligible RBC Credit Card may only be used with one DoorDash account to receive a Complimentary DashPass Subscription. Once you have received a Complimentary DashPass Subscription you cannot use the same eligible RBC Credit Card to obtain a Complimentary DashPass Subscription with another DoorDash account.

You are only eligible for one 12 month Complimentary DashPass Subscription and one 3 month Complimentary DashPass Subscription during the Offer Period. The Complimentary DashPass Subscription commences on the date you subscribe to receive the Complimentary DashPass Subscription. For example, if you subscribe to a 12 month Complimentary DashPass Subscription in on the last day of your second month of a 3 month Complimentary DashPass Subscription you will receive a total of 14 months of Complimentary DashPass Subscription. In order to validate your credit card as an Eligible RBC Credit Card, Royal Bank may need to administer a $0.50 charge to validate your card enrollment. This charge will be reversed in 3 to 5 days once your account has been validated.

12 Month Complimentary DashPass Subscription is available for the following Eligible RBC Credit Cards:

As an RBC Avion Visa Platinum, RBC Avion Visa Infinite , RBC Avion Visa Infinite Privilege, RBC Avion Visa Infinite Privilege for Private Banking, WestJet RBC World Elite Mastercard, RBC Rewards Visa Preferred, RBC Cash Back Preferred World Elite Mastercard, RBC Cathay Pacific Visa Platinum, RBC British Airways Visa Infinite, RBC Avion Visa Business, RBC Avion Visa Infinite Business cardholder.

You are eligible for a Complimentary DashPass Subscription for 12 months from the date you subscribe to receive the Complimentary DashPass Subscription. You will be auto-enrolled into full-price membership at the then-current rate after the end of the 12 month Complimentary DashPass Subscription. Your RBC credit card account must be open and not in default to maintain the benefits of DashPass.

3 Month Complimentary DashPass Subscription is available for the following Eligible RBC Credit Cards:

As an RBC Rewards+ Visa, Signature RBC Rewards Visa, RBC Visa Platinum, RBC Visa Cash Back, RBC Cash Back Mastercard, RBC Visa Classic Low Rate Option, RBC Visa Classic, RBC Student Visa Classic, RBC Visa Classic II Student, RBC Visa Gold, RBC U.S. Dollar Visa Gold, RBC Rewards Visa Gold, RBC RateAdvantage Visa, WestJet RBC Mastercard, RBC Visa Business, RBC Visa Business Gold, RBC Visa CreditLine for Small Business, or RBC Business Cash Back Mastercard.

You are eligible for a Complimentary DashPass Subscription for 3 months from the date you subscribed to the Complimentary DashPass Subscription. You will be auto-enrolled into full-price membership at the then-current rate after the end of the 3 month Complimentary DashPass Subscription. Your RBC credit card account must be open and not in default to maintain the benefits of DashPass.

DoorDash not Royal Bank of Canada, is responsible for (i) services and products provided through DoorDash; (ii) DashPass, including the DashPass Benefits, the administration of DashPass and (iii) the DoorDash terms and conditions. The Complimentary DashPass Subscription offer may be amended or withdrawn at any time. To learn more about DashPass, visit www.doordash.com/dashpass (opens to external site). For full DashPass for RBC Program Terms and Conditions, visit rbcroyalbank.com/credit-cards/documentation/pdf/full-doordash-tcs-en.pdf.