National Bank Business Mastercard Review

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The Bottom Line

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.

National Bank Business Mastercard
Naitonal Bank Business Mastercard
National Bank Business Mastercard

2.8

Finly Rating
APPLY NOW

on National Bank's website

Welcome Bonus

N/A

Rewards Rate

N/A

Annual Fee

$0

Interest Rates

20.99% or 14.5%^ / 22.99% or 14.5%^

RECOMMENDED CREDIT SCORE

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

  • 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.

Insurance

Coverage

  • purchase protection

    Purchase Protection

    90 days

Eligibility

  • Credit Score

    Good

  • Annual Income

    N/A

Card Details

Interest Rates

Purchase APR

20.99% or 14.5%^

Cash Advance APR

22.99% or 14.5%^

Balance Transfer APR

22.99% or 14.5%^

Fees

Annual Fee

$0

Additional Cards

$0

Eligibility

Minimum Individual Income

N/A

Minimum Household Income

N/A

Credit Score Estimate

Good

Type

Card Type

Credit

Reward Type

None

Pros & Cons

Pros

  • $0 annual fee (including additional cards)
  • Option to lower interest rate to 14.5% with $30 annual fee
  • Helps separate business and personal expenses

Cons

  • No rewards program (no points or cash back)
  • Limited insurance coverage
  • No travel perks or premium benefits
National Bank Business Mastercard

National Bank Business Mastercard

2.8

FinlyWealth Rating

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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.