ATB Financial · Mastercard
Business card
Free, with an unconditional flat 1% paid monthly and no caps. Alberta only, and the foreign transaction fee is 2.9%.
Rates and features verified 2026-08-18Full terms and conditionsHow we research cards
What we like, and what we don’t
Worth having
- A flat 1% on everything with no annual fee, no thresholds and no caps
- Cash back is paid monthly rather than once a year, which most cards do not do
- Three employee cards included
- It can be credited to the card balance or to a deposit account
- Rental car collision damage waiver included
Watch out for
- Alberta only
- A 2.9% foreign transaction fee, above the Canadian standard of 2.5%
- That fee cancels the 1% cash back on any foreign spending three times over
- Employee cards past the third cost $60 each
- No travel insurance published
What this card earns
- Everything else
- 1%
- Bonus categories at once
- 1 you choose which
The earning fine print
Flat 1% cash back paid monthly, credited either to the card's balance or to a deposit account. No stated caps. Excludes cash advances, balance transfers, Mastercard cheques and gambling transactions.
What the offer actually requires
No welcome offer published.
Fees and interest rates
- Annual fee
- None
- Employee card
- $60
- Employee cards included
- 3
- Foreign transaction fee
- 2.9%
- Purchase APR
- 19.9%
- Cash advance APR
- 22.9%
Who can get this card
- Not available in
- BC, SK, MB, ON, QC, NB, NS, PE, NL, YT, NT, NU
- Existing account required
- Yes
- Personal guarantee required
- No you are personally liable for the balance
Insurance and benefits
- Purchase protection
- Included
- Extended warranty
- Included
What the benefits really mean
The best flat-rate no-fee cash back business card in the credit-union/regional segment: an unconditional 1% with no annual fee and no spend threshold, versus Collabria's 0.5% and Vancity's 0.5%. Car rental collision damage waiver up to $85,000 for rentals up to 31 days. Purchase assurance up to 90 days against damage/theft; extended warranty doubles the manufacturer's warranty up to 1 additional year. Includes travel assistance services (emergency cash transfer, lost document/ticket replacement, legal referrals) and an identity theft assistance service. Foreign currency conversion fee is 2.9%. Higher than the 2.5% Canadian norm. And applies across all ATB business Mastercards. PROVINCE: ATB Financial is an Alberta Crown corporation and operates only in Alberta; all other provinces and territories are recorded as excluded. Minimum payment 3% monthly. Application is IN-BRANCH ONLY, not online. Free employee cards: 3. First 3 supplemental cards are $0 each; cards 4 through 11 are $60 per card per year. Alberta only. 2.9% foreign currency conversion fee. 0.4 points above the Canadian standard 2.5%, which quietly erases the 1% cash back on any foreign spend. Only 3 free employee cards; cards 4-11 cost $60 each, so a 6-card business pays $180/year on a '$0 annual fee' card. Hard cap of 11 cards total. In-branch application only, no online path. ATB's published rate table is dated 'effective December 01, 2022'; confirm rates are current at application.
Our verdict
An unconditional 1% with no fee, no threshold and no cap, paid monthly, is the cleanest cash back structure in the whole business segment. Most free business cards pay 0.5% or make you wait a year for the money. This does neither, and three free employee cards on top makes it the best no fee business card in Canada for an Alberta business.
The foreign transaction fee is the one blemish and it is a real one. 2.9% is above the Canadian standard, so any spending in another currency costs you nearly three times what the cash back returns. Keep foreign spending off it. And it is Alberta only, which is why it appears on almost no national comparison site despite being better than most of what they list.
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Where this came from. atb.com/business/accounts-and-services/credit-cards/atb-mybusiness-rewards/ ; atb.com/business/accounts-and-services/credit-cards/ ; atb.com/resources/rates/mastercard-rates/ (fetched 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.