Highlights

  • No annual fee on the primary card or any supplementary cards.
  • You can choose a $30 annual-fee reduced-rate plan with a 14.5% rate on purchases, balance transfers, and cash advances.
  • Includes an employee-cardholder fraud compensation plan of up to $10,000 per account every 12 months.
  • Supports Mastercard ID Check for online purchases.
Business Mastercard

Issuer: National Bank
Payment network: Mastercard
Product type: Credit card
Annual fee: $0 primary card; $0 for all supplementary cards
Foreign currency conversion fee: charged

Welcome Offer

【September 8, 2026 update】 None

Official application link🔗

Eligibility: the official application is for the sole owner of a business. You must provide business and personal information, the business’s annual gross revenue, and consent for National Bank to pull a credit report. The application still requires National Bank approval. The official site does not publish a minimum income or other numeric threshold.

Everyday Spending

None

Benefits & Insurance

  • Reduced interest rate

After National Bank credit approval, choosing the $30 annual-fee reduced-rate plan with a credit limit of at least $1,000 can lower the annual rate on purchases, balance transfers, and cash advances to 14.5%. The standard plan charges 20.99% on purchases and 22.99% on balance transfers and cash advances. Combined balance transfers cannot exceed $5,000 and require credit approval.

  • Grace period

If you pay the balance in full within 21 days of the statement date, that month’s purchases do not accrue interest. Cash advances and balance transfers do not receive this grace period.

  • Compensation plan in the event of fraud

If an employee cardholder who is not an authorized signatory uses the card fraudulently, the business can be reimbursed for actual losses, up to $10,000 per account every 12 months. The plan does not apply if that employee’s negligence or fault contributed to the unauthorized or fraudulent use. The business must cooperate with the bank’s investigation and, where applicable, report the matter to police.

  • Online transaction verification (Mastercard ID Check)

Mastercard ID Check verifies identity on online purchases to help prevent fraud. The official site does not mention an extra fee or a separate enrolment requirement.

  • Mastercard BusinessCard solutions

The official site says this card can use Mastercard BusinessCard business solutions to help simplify transactions and strengthen business security, and that you can manage a monthly spending cap. Available features and limits follow the bank’s and Mastercard’s related terms.