National Bank · Mastercard
Business card
Free at 20.99%, or $30 at 14.5% if your limit is over $1,000. No rewards either way.
Rates and features verified 2026-08-18Full terms and conditionsHow we research cards
What we like, and what we don’t
Worth having
- No annual fee and no fee for additional cards on the free version
- A $30 version drops the rate to 14.5%, which is well below the segment norm
- Aimed at self employed people who simply need to separate business spending
- Straightforward, with no programme to learn
Watch out for
- It earns no rewards at all
- National Bank sells two versions on one page, so a single comparison row misleads balance carriers
- The 14.5% version requires a credit limit of at least $1,000 and costs $30
- National Bank publishes no foreign currency conversion fee on the product page
- No travel insurance
What this card earns
- What we value a point at
- Not published by the issuer
The earning fine print
No rewards programme. National Bank positions this as an entry card for self-employed workers and small businesses that simply need to separate business from personal spending.
What the offer actually requires
No welcome bonus published.
Fees and interest rates
- Annual fee
- None
- Employee card
- Free
- Foreign transaction fee
- Not published by the issuer
- Purchase APR
- 20.99%
- Cash advance APR
- 22.99%
- Balance transfer APR
- 22.99%
Who can get this card
- Personal guarantee required
- No you are personally liable for the balance
What the benefits really mean
TWO FEE/RATE OPTIONS: $0 annual fee at 20.99% on purchases, OR a $30 annual fee that reduces the purchase rate to 14.5% (requires a credit limit of $1,000 or more). The $0/20.99% option is recorded in the numeric fields. Additional cards are $0. Fraud protection up to $10,000. Mastercard ID Check. Balance transfers capped at $5,000 in total. Customisable monthly spending limits per card. 21-day interest-free grace period on purchases paid in full, not applicable to cash advances or balance transfers. No insurance coverages published. DUAL PRODUCT IN ONE PAGE: $0 fee at 20.99% or $30 fee at 14.5%, the latter requiring a credit limit of $1,000+. A single-row comparison entry will mislead balance carriers. National Bank publishes no foreign currency conversion fee on the product page or the business credit cards listing. National Bank publishes no personal guarantee statement for any of its business cards. No insurance coverages at all, not even purchase protection.
Our verdict
For a sole trader who wants business spending on its own statement and nothing more, a free card is exactly right and this one does that job. Scotiabank's free business card pays 1% on top, which makes it the better default, but if you already bank with National Bank the convenience is worth something.
The $30 version is the more interesting product and is easy to miss. 14.5% is six points below what most business cards charge, so a business carrying $3,000 saves about $195 a year against the free version and pays $30 for the privilege. If there is any chance you revolve a balance, that is the one to ask for.
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Compare this against every card we track
Where this came from. nbc.ca/business/credit-cards.html (lineup, $0 fee, 20.99%/22.99%); nbc.ca/en/business/credit-cards/mastercard-business.html (dual fee/rate option, $0 additional cards, fraud protection, BT cap, grace period). Verified 18 Aug 2026.. We take every figure from the issuer’s own pages, never from another comparison site, and we leave a field blank rather than guess at it.