- National Bank
- Mastercard
- Business
No-Fee National Bank Mastercard Business Card
Best for: Small businesses that want a basic card with no annual fee
Ranked #30 of 176 for low interest. See the list
See how we worked it out- Purchase rate
- 20.99%
- Annual fee
- None
Have this card?
Details from National Bank’s site. Banks can update terms at any time, so give them a quick look before you apply. Source
Is it for me?
Do you carry a balance from month to month?
Do you want to earn rewards on your spending?
Answer the 2 questions to see if it fits.
The good and the bad
Stands out
- Good: No annual fee It costs nothing to keep.
Watch for
- Watch for: Earns no rewards If you pay in full each month, a no fee cash back card gives you more.
- Watch for: 2.5% on foreign purchases Use a no foreign fee card when you travel.
Worked out from the card’s rates and fees.
What you’d pay in interest
On a balance of $3,000 that you carry for a year.
A late payment can end a promotional rate early. Simple yearly interest on a balance that stays the same. Banks charge interest monthly, so the real cost comes out a little higher.
Can I get it?
- Age 18 or older 19 or older in BC, NB, NL, NS and the territories
- Where you live Canada
- Credit score No minimum on record Most banks don’t publish one, and we don’t guess.
Mr. Loonie’s tip A balance transfer only helps if the balance shrinks. Set up an automatic payment so it goes down every month.
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What it costs
- Annual fee
- None
- Purchase interest
- 20.99%
- Cash advance interest
- 22.99%
- Foreign currency fee
- 2.5%
All fees and rates
Fees
- Cash advance fee
- $3.50, $5.00 fee for cash advances outside of Canada.
- Balance transfer fee
- 1%, If transfer is requested when credit card account is opened, otherwise 3%.
- Over-limit fee
- None
- Late payment fee
- None
- Source
- Issuer page
Interest rates
- Balance transfer interest
- 22.99%
Read the card terms and conditions for the full terms.
Checked on Nov 8, 2026. Source
Questions people ask
What is the annual fee on the No-Fee National Bank Mastercard Business Card?
There is no annual fee.
Does it charge a foreign transaction fee?
Yes, 2.5% on purchases in other currencies.
What is the interest rate?
20.99% on purchases. Cash advances are 22.99%.
Rates, fees and offers come from the card issuers and change often. We work to keep this page accurate and current, but it may contain mistakes, so always check the issuer’s terms before you apply. This page is general information and isn’t financial advice.
Spot something wrong? We’ll check it with the bank. Suggest a correction
Card names, logos and trademarks belong to their owners. No issuer wrote, paid for or approved what we say about this card. Our scores and opinions are our own.
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