No Annual Fee
Business
National Bank Business Mastercard
National Bank of Canada
Annual Fee
$0
Purchase APR
20.99%
Cash Adv. APR
22.99%
RateBuddy Verdict
The Good
- Excellent value for small teams with $0 annual fees for both the primary cardholder and all employees.
- The $10,000 employee fraud protection plan provides peace of mind for business owners when issuing cards to staff.
- Offers a unique flexibility to "upgrade" to a lower interest rate (14.5%) for a small $30 fee if your business carries a balance.
The Trade-offs
- Does not earn any rewards, cashback, or points on business expenses.
- Lacks comprehensive business insurance coverage like trip cancellation or car rental insurance.
Rewards & Earnings
Base Rate 0.00%
Rewards Summary: No rewards; This is a business utility card focused on expense management, fraud protection, and optional low-interest pricing.
- All Purchases: No rewards points or cashback earned
Welcome Bonus Details
Features & Benefits
No Annual Fee
No annual fee ($30 for reduced rate option)
Expense Management Tools
Employee spend limits and online management tools
Employee Cards
Add employee cards for $0/year
Additional Perks
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Insurance Coverage
Employee Fraud Compensation
Up to $10,000 per account per 12-month period
Zero Liability
Protection against unauthorized transactions
Purchase Protection
Standard network coverage (90 days)
Extended Warranty
Standard network coverage (Double up to 1 year)
Rates & Fees Details
| Purchase APR | 20.99% |
|---|---|
| Cash Advance APR | 22.99% |
| Annual Fee | $0 |
| Supplementary Card | $0.00 |
| Income Required | No specific requirement listed. |