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National Bank MasterCard Business Card credit card reviews


National Bank MasterCard Business Card credit card details and credit card application link.

Founded in the City of Quebec in 1859, National Bank Financial Group has propelled economic and social growth in Canada throughout its history on the Canadian market. The emphasis being as it is on economic growth and financial development, the National Bank has always aimed at satisfying the interests of businesses.

The National Bank MasterCard Business Card is an attractive and effective payment solution for businesses and comes with no annual fee. This product offers a credit limit adapted to the client’s needs. All card holders share the credit limit set for the whole business and use it as they see fit. It is free to have this card issued as well as additional ones, up to a maximum of 10. The principal card holder decides who gets the other cards. Usually, this is the business manager. Each holder’s user profile and individual needs determine the amount his monthly spending limit will be set at.

If your credit file is approved by the National Bank of Canada, you may take advantage of a reduced interest rate. For just $15 per account a year, you enjoy the benefit of a reduced interest rate on cash advances, balance transfers, purchases, and overdraft protection. All this allows for substantial savings for one’s business.

Another extra is the non-stop access to commercial accounts. With just one card, clients can review your current account, make purchases, and access online banking solutions for your business at any time of your convenience.

Under MasterCard’s zero liability policy, you are protected against unauthorized use of your credit card. The coverage extends to items charged to your card and purchased from stores, online, or over the phone.

Can you really trust the staff you issued additional cards to? If you are not sure about the answer to that question, you needn’t worry. Few are. The good thing is that the National Bank offers protection against illicit use by employees. In the event of illicit use by authorized card holders, your business has coverage of up to $10,000 per card. You must report the fraud and perpetrator to the authorities to be eligible for protection. This offer is subject to the terms and conditions as per this program.

Preauthorized debits allow you to manage your bill payments more easily. This service is free to card holders – simply ask suppliers to have your account debited on a fixed date. You can sign up for this at the National Bank’s official website.

If your card is lost or stolen while you are abroad, you can contact MasterCard immediately thanks to their global service. Just call their toll-free number. You will receive adequate instructions and assistance.

Finally, there are a few details about the MasterCard Business Card. The minimum credit limit is $1000, the annual interest rate stands at 19.9 percent, the reduced interest rate on purchases is 13.9 percent, and the reduced interest rate on balance transfers and cash advances is set at 8.9 percent. To give you the opportunity to compare, BMO AIR MILES MasterCard for Business goes with a regular interest rate of 19.5 percent, low interest rate of 12.9 percent for additional $50 per year, and annual fee of $119. Card holders get one bonus mile per every $15 charged to the credit card. Finally, the Liability Waiver Program ensures protection against employee abuse.


Credit Card Details
NameNational Bank MasterCard Business Card Apply Now
TypeMasterCard
Interest Rate19.9%
Annual Fee$0
RewardsNo
Cash BackNo
AirlineNo
StudentNo
SecureNo
PrepaidNo
StoreNo
BusinessYes
Low InterestNo
Auto and GasNo
Instant ApprovalNo
Balance TransferYes
US DollarNo
No Annual FeeYes