National Bank Business Mastercard vs TD Business Cash Back Visa* Card
Both business cards worked out on the same spending: rewards, welcome bonus, fees and perks, line by line.
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
$250
Doesn't earn rewards
Every year after
$250
Only TD Business Cash Back Visa* Card 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
Welcome bonus
Annual fee
FX fees
First-year value
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
US Dollar Purchases
$6,150 a year
Recurring Bills & Subscriptions
$4,800 a year
Gas & EV Charging
$3,600 a year
Dining & Restaurants
$3,600 a year
Office Supplies
$3,000 a year
Phone, Internet & Cable
$2,400 a year
Hotels
$1,800 a year
Shipping & Courier
$1,800 a year
Accounting & Bookkeeping
$1,800 a year
Other Foreign Currencies (EUR, GBP, etc.)
$1,230 a year
Electronics & Software
$1,200 a year
Air Canada
$1,200 a year
Transportation
$1,200 a year
Other Airlines
$600 a year
Car Rental
$600 a year
Other Travel
$600 a year
Rewards in a year
Welcome bonus
Each offer as the issuer words it, then which milestones your spending reaches.
National Bank Business Mastercard
No welcome bonus right now.
TD Business Cash Back Visa* Card
No welcome bonus right now.
National Bank Business Mastercard
TD Business Cash Back Visa* Card
No welcome bonus to work towards right now.
Fees, rates and eligibility
What each card costs to hold and to use abroad, and who it's for.
Annual fee
Employee cards
Foreign transaction fee
Rewards
Network
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
Income required
Min Personal Income:
N/A
Min Household Income:
N/A
TD Business Cash Back Visa* Card
Interest rates
Purchase:
19.99%
Cash Advance:
22.99%
Recommended credit score
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.
TD Business Cash Back Visa* Card
- Earn 2% in Cash Back Dollars on Gas, Electric Vehicle Charging and Public Transit Purchases2
- Earn 2% in Cash Back Dollars on eligible Office Supply Purchases2
- Earn 2% in Cash Back Dollars on recurring bill payments and Streaming, Digital Gaming & Media3
- Earn 0.5% in Cash Back Dollars on all other Purchases made with your Card4
Insurance and perks
What both cards include comes first in each list.
National Bank Business Mastercard
Insurance
Purchase Protection
90 days
Perks
No extra perks.
TD Business Cash Back Visa* Card
Insurance
Purchase Protection
90 days
Extended Warranty
1 year
Perks
Car Rental Discount
Save with Avis Rent A Car and Budget Rent A Car. Use your TD Credit Card to save a minimum of 10% of the lowest available base rates(8,9) in Canada and the U.S., and a minimum of 5% of the lowest available base rates(8,9) internationally, on qualifying car rentals at participating Avis and Budget locations.
Extra points
Link your eligible Card to earn 50% more Stars at participating Starbucks stores. Conditions apply.
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
TD Business Cash Back Visa* Card
No annual fee and 2% cash back on the categories most small businesses actually spend on — gas, office supplies, recurring bills, EV charging, and digital media. It’s one of the simplest business cards available: earn cash back, get a statement credit, done. The downside is clear: the 0.5% base rate on everything else is low, and each 2% category is capped at $15,000/year. For a small business with moderate, predictable spending, this is a genuinely good free card. For higher spenders, the caps will hold you back.
- $0 annual fee
- Simple cashback structure
- Free additional cards
- Low 0.5% base reward rate
- No travel insurance coverage
- $15,000 annual cap per 2% category
- No welcome bonus
More business card comparisons
Each card against every other business card we review.
National Bank Business Mastercard
vs Amex Aeroplan Business Reserve
vs Amex Business Gold
vs Amex Platinum Business
vs BMO CashBack Business Mastercard
vs BMO® Ascend World Elite®* Business Mastercard®*
vs CIBC Aventura® Visa* Card for Business
vs CIBC bizline® Visa* Card
vs Marriott Bonvoy® Business American Express® Card
vs National Bank Platinum Business Mastercard
vs Ramp Corporate Card
vs RBC Avion Visa Infinite Business Credit Card
vs RBC® Business Cash Back Mastercard‡
vs Scotia Momentum Business Visa
vs Scotia Momentum® for business No Fee Visa* Card
vs Scotiabank Passport Business
vs TD Business Travel Visa* Card
vs TD® Aeroplan® Visa* Business Card
vs The RBC Avion Visa Business Credit Card
vs WestJet RBC® World Elite Mastercard® for Business
TD Business Cash Back Visa* Card
vs Amex Aeroplan Business Reserve
vs Amex Business Gold
vs Amex Platinum Business
vs BMO CashBack Business Mastercard
vs BMO® Ascend World Elite®* Business Mastercard®*
vs CIBC Aventura® Visa* Card for Business
vs CIBC bizline® Visa* Card
vs Marriott Bonvoy® Business American Express® Card
vs National Bank Platinum Business Mastercard
vs Ramp Corporate Card
vs RBC Avion Visa Infinite Business Credit Card
vs RBC® Business Cash Back Mastercard‡
vs Scotia Momentum Business Visa
vs Scotia Momentum® for business No Fee Visa* Card
vs Scotiabank Passport Business
vs TD Business Travel Visa* Card
vs TD® Aeroplan® Visa* Business Card
vs The RBC Avion Visa Business Credit Card
vs WestJet RBC® World Elite Mastercard® for Business
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.
TD Business Cash Back Visa* Card
2 Earn 2% in Cash Back Dollars (“Gas and Electric Vehicle Charging Rebate”) for each $1.00 in “Gas and Electric Vehicle Charging Purchases” charged to your TD Business Cash Back Visa Card Account (“Account”), earn 2% in Cash Back Dollars (“Public Transit Rebate”) for each $1.00 in “Public Transit Purchases” and earn 2% in Cash Back Dollars (“Office Supply Rebate”) for each $1.00 in “Office Supply Purchases” charged to your Account. Any returned items, refunds, rebates or other similar credits will reduce or cancel the Cash Back Dollars earned on the original Gas and Electric Vehicle Charging Purchases, Public Transit Purchases, or Office Supply Purchases, as applicable. $15,000 Cap: Each of the Gas and Electric Vehicle Charging Rebate, the Public Transit Rebate, and the Office Supply Rebate is only available to a $15,000 maximum annual spend (“$15,000 Cap”). Once the $15,000 Cap has been reached for Gas and Electric Vehicle Charging Purchases, Public Transit Purchases, or Office Supply Purchases, then any further Gas and Electric Vehicle Charging Purchases, Public Transit Purchases, and Office Supply Purchases made on the Account will earn Cash Back Dollars at the standard rebate of 0.5% that applies to all other Purchases on the Account as set out in your Cardholder Agreement (“Standard Rebate”). Applicability of Gas and Electric Vehicle Charging Rebate, Public Transit Rebate, and Office Supply Rebate: Each of the Gas and Electric Vehicle Charging Rebate, the Public Transit Rebate, and the Office Supply Rebate is in place of, and not in addition to, the Standard Rebate. Merchant Category Codes: To earn the Gas and Electric Vehicle Charging Rebate, the Public Transit Rebate, and/or Office Supply Rebate, the Gas and Electric Vehicle Charging Purchases and/or Office Supply Purchases must be made at merchants classified through the Visa network with a Merchant Category Code (“MCC”) that identifies them as Gas Service Stations, Automated Fuel Dispensers, Electric Vehicle Charging, Local and Suburban Commuter Passenger Transportation, including Ferries, or Office Supplies. Some merchants may sell gas or gas station services or products, offer electric vehicle charging, offer transit services, or sell office supply items, or have separate merchants located on their premises that also sell gas or gas station services or products, or electric vehicle charging, or transit services, or office supply items, but may not be classified with a gas, electric vehicle charging, public transit, or office supply MCC and such Purchases will not earn the Gas and Electric Vehicle Charging Rebate, Public Transit Rebate, or Office Supply Rebate, as applicable. If you have questions about the MCC that applies to a Purchase, contact TD at 1-800-983-8472. Other Conditions: Offer may be changed, withdrawn or extended at any time and cannot be combined with any other offer.
3 Earn 2% in Cash Back Dollars (“PAP and Streaming, Digital Gaming & Media Rebate”) on each $1.00 in “PAP and Streaming, Digital Gaming & Media Purchases” and payments made on a monthly or other regularly recurring basis for merchant bills, including insurance premiums, magazine/newspaper/online streaming subscriptions, membership fees and telecommunication fees, that are set up by the merchant with your consent to be automatically charged to your TD Business Cash Back Visa Card Account (“Account”) and that are classified through the Visa network as “Recurring Bill Payments” . You must confirm with your merchant if they can accept Pre-Authorized Payments. Any returned items, refunds, rebates or other similar credits will reduce or cancel the Cash Back Dollars earned on the original Recurring Bill Payment. To earn the “PAP and Streaming, Digital Gaming & Media Rebate” when making a Purchase that is not a Recurring Bill Payment, the Purchase must be made at merchants classified through the Visa network with a Merchant Category Code (“MCC”) that identifies them as Digital Goods Media – Books, Movies, Music, Digital Goods – Games, Digital Goods – Applications, Digital Goods – Large Digital Goods Merchants, Cable, Satellite and Other Pay Television/Radio/Streaming Services. Some merchants might sell Streaming, Digital Gaming, and Media but are not classified under the Merchant Category Code, and Purchases made with these merchants will not earn the PAP and Streaming, Digital Gaming & Media Rebate. If you have questions about the MCC that applies to a purchase, contact TD at 1-800-983-8472. $15,000 Cap: The PAP and Streaming, Digital Gaming, and Media Rebate is only available to a $15,000 maximum annual spend (“$15,000 Cap”). Once the $15,000 Cap has been reached, then any further PAP and Streaming, Digital Gaming, and Media Purchases made on the Account will only earn Cash Back Dollars at the standard rebate of 0.5% that applies to all other Purchases on the Account as set out your Cardholder Agreement (“Standard Rebate”). Applicability of PAP, Streaming, Digital Gaming, and Media Rebate: The PAP and Streaming, Digital Gaming and Media Rebate is in place of, and not in addition to, the Standard Rebate. Other Conditions: Offer may be changed, withdrawn or extended at any time and cannot be combined with any other offer.
4 Earn 0.5% in Cash Back Dollars (“Standard Rebate”) on each $1.00 for all other Purchases (“Other Purchases”) charged to your TD Business Cash Back Credit Card Account (“Account”). Any returned items, refunds, rebates or other similar credits will reduce or cancel the Cash Back Dollars earned on the original Purchase. Other Conditions: Offer may be changed, withdrawn or extended at any time and cannot be combined with any other offer.
8 Provided by Avis Rent A Car System ULC. Minimum discount offer subject to discount code and to terms and conditions which may change without notice. Blackout dates may apply. Base rate refers to time and kilometre/mile charges only. Taxes, fees and surcharges are extra. The Toronto-Dominion Bank is not responsible for any vehicles, services, discounts or other offers made available by Avis Rent A Car System ULC.
9 Provided by Budget Rent A Car System, Inc. Minimum discount offer subject to discount code and to terms and conditions which may change without notice. Blackout dates may apply. Base rate refers to time and kilometre/mile charges only. Taxes, fees and surcharges are extra. The Toronto-Dominion Bank is not responsible for any vehicles, services, discounts or other offers made available by Budget Rent A Car System, Inc.