National Bank Platinum Mastercard Business Card Review



Annual Fee


Annual Rewards


Intro Offer


Annual fee


Annual rewards


Intro offer


  • No annual fee
  • 25-day grace period on purchases
  • 1 point earned per dollar spent
  • Bonus 15,000 points upon spending $7,000 in first 3 months
  • Cashback redemption available for statement credits
  • Complimentary travel insurance coverage
  • 24/7 customer service
  • Card customization options
  • Access to Mastercard Business Network resources
  • Optional centralized or individual billing options


  • Balance transfer promotions are often short-lived
  • No dedicated rewards for gas or dining purchases
  • Foreign transaction fee of 2.5%
  • Limited base points multiplier (1 point per $1 spent)
  • Minimum points threshold for reward redemptions (5,000 points)
  • No free cards for authorized employees
  • Rewards program may not be suitable for all business spending habits

Performance test results

At DollarWise, for each credit card we test 7 different factors including the rewards, value for money, perks, insurance, strengths and weaknesses of the card.

You can see our full testing methodology here to learn why we’re the most trusted source for credit card reviews.

The National Bank Platinum Mastercard Business Card has earned a 3.64 DollarWise Rating out of 5. This score is based on a weighted average of the two highest scoring factors (excluding acceptance and approval).




Interest rates




The highest scoring categories for the National Bank Platinum Mastercard Business Card are insurance and rewards.

These factors are weighted 70% to the highest scoring factor and 30% to the second highest score to get an overall review score.

This weighting allows us to judge cards on their merits and the customers they are designed for.

For the National Bank Platinum Mastercard Business Card the most important factors for scoring this card are its insurance and rewards.


With the National Bank Platinum Mastercard Business Card, here’s the rates at which you earn rewards for different spending categories per dollar you spend:

Bills1.5 points
Pharmacy1.5 points
Gas1.5 points
Groceries1.5 points
Restaurants1.5 points
Specific Stores1.5 points
Travel1.5 points
All Other Spend1.5 points

Calculating your annual rewards

We estimate that spending $2,000 per month with the National Bank Platinum Mastercard Business Card would earn $360 in rewards over the year.

Our performance testing research uses an accurate estimation of the average Canadian households spending patterns to predict the rewards a card will earn.

We found that you’d earn this per category:

All Other Spend$360

Our study investigating the value found that each dollar spent on the National Bank Platinum Mastercard Business Card is worth up to $0.01, depending on how you redeem.

This $360 in rewards value puts the National Bank Platinum Mastercard Business Card in the top 50% of credit cards in Canada based on rewards earned.

The average credit card in our database earns $337 in rewards for the same spend that the National Bank Platinum Mastercard Business Card earns $360 in rewards value.

We can compare this card to other options by looking at the earn rate by category.

This earn rate is the percentage return that you would get when you spend on this card, assuming you redeem at the predicted maximum value.

For example, if a card earned 5 points per dollar on gas and each point is worth up to $0.02, then the earn rate is 5 points multiplied by $0.02 each, divided by the dollar you spent.

In this example, that’s a 10% earn rate on gas.

SpendThis CardAverage
Above, we’ve calculated the earn rate for the National Bank Platinum Mastercard Business Card for every spend category and compared it to the average for all Canadian credit cards.
Redemption methodAnnual rewards
Transfer to partner airlines$360
Apply to statement credit$328
Gift cards$277
Make investments$299
Banking plans$360

For an annual spend of $24,000, we estimated annual rewards value at up to $360.

That’s equivalent to a 1.50% return on spending.

The National Bank Platinum Mastercard Business Card has an annual fee of $125. After deducting this, we predicted net annual rewards of $235.

This puts it in the bottom 40% of credit cards for net rewards after fees.

In comparison, the average card earns net annual rewards of $254.


The National Bank Platinum Mastercard Business Card has a $125 annual fee.

The average card charges $85. So, the National Bank Platinum Mastercard Business Card is in the top 30% of cards based on the cost of the annual fee.


We manually review the perks of each credit card to determine how they compare to other cards.

The National Bank Platinum Mastercard Business Card scored a 1.4 out of 5 for perks, putting it in the bottom 50% of cards.

The average card scores 1.6 out of 5 for perks.

Interest Rates

Cash Advance22.49%
Balance Transfer22.49%

The average (median) credit card has a purchase interest rate of 19.99% and so the National Bank Platinum Mastercard Business Card charges 1% more than the average.

For cash advances it costs 22.49% compared to the average of 19.96%.

Testing the National Bank Platinum Mastercard Business Card with a $2,000 starting balance, you can see in the graph how the 1% more in interest rates impacts the interest over a year, compared to the average card.

Insurance coverage

InsuranceThis CardAverage
Extended Warranty2 years1 year
Purchase Protection180 days90 days
Travel Accident$250,000$500,000
Flight Delay$500$500
Baggage Delay$500$500
Lost or Stolen Baggage$1,000$1,000
Rental Car Theft & DamageYesNo
Rental Car Personal Effects$2,000$1,000

We scored it 4.0 out of 5 for insurance.

It offers 8 types of insurance, whereas the average card has 5 types of coverage.

Approval and qualifying

Do I qualify?
Estimated Credit Score760 – 900
Personal Income$0
Household Income$0
Annual Fee$125
Extra Card Fee$0
Card typeMasterCard

We scored it 2.5 out of 5 for approval.

We predict that you will require a credit score of at least 760 to qualify for the National Bank Platinum Mastercard Business Card, while the average card requires 652 to qualify.

This puts it in the top top 10% of cards by approval difficulty.

The personal income requirements are $0, while the average card requires $23,896.

This puts it in the top 50% of cards by the income required to qualify.

The National Bank Platinum Mastercard Business Card is a high-quality credit card option for Canadian business owners looking to improve their financial flexibility and rewards potential.

This review will discuss its earning potential, provide a detailed analysis of the card’s major benefits and drawbacks, and share other pertinent information that can help you decide if it’s the right credit card for your business.

Earning potential

 This card allows you to earn points through the À la carte Rewards program. With every $1 spent on the card, you receive 1.5 points on eligible purchases, making it practical for business owners who frequently use their credit cards.

The card doesn’t have specific reward rates for various spending categories (e.g., dining, travel, grocery), but the flat reward rate makes it user-friendly.


  1. Balance Transfer Promotion: The first major advantage is the ability to save on interest costs with a balance transfer promotion.

    New Platinum Mastercard Business Card users can enjoy a 0% promotional interest rate for the first six months on balance transfers. After the promotional period, the rate jumps to a reasonable 14.99%.
  2. Comprehensive Travel Insurance Package: The second significant advantage is the comprehensive travel insurance package provided by the card. With various insurance coverages, such as trip cancellation, trip interruption, and lost or delayed baggage insurance, you can have peace of mind during your business travels.
  3. Mobile Device Insurance Coverage: The third major advantage is the mobile device insurance coverage. If you use your Platinum Mastercard Business Card to buy a new mobile device, it will be protected against theft, loss, or damage up to $1,000.
  4. Comprehensive Purchase Protection and Extended Warranty: The card also features comprehensive purchase protection and an extended warranty plan, increasing the protection on products purchased using the card.


  1. Annual Fee: One of the significant drawbacks is the $125 annual fee for each account, which could be a turnoff for business owners who are trying to minimize expenses.
  2. Lack of Category-Specific Rewards: Another drawback is the lack of category-specific rewards, meaning the situation doesn’t differentiate between high-value expenses like travel or dining and low-value ones like office supplies. This limitation could impede maximization of rewards.

Additional Information

A noteworthy feature worth mentioning is the supplementary cards at no additional cost. National Bank allows you to add employee cards to your account, improving your company’s financial management with controls such as customized spending limits for each card.

Taking into account the rewarding earning potential, numerous benefits, and flexibility, the National Bank Platinum Mastercard Business Card appears well-suited for Canadian business owners.

However, the annual fee and lack of category-specific rewards should be weighed against the benefits when determining if the card is right for your business needs.

Not the right fit? You could consider the American Express Aeroplan Business Reserve Card. Or, if you’re looking for other options check out the CIBC Aventura Visa Card for Business, and the Marriott Bonvoy Business American Express Card.


With the National Bank Platinum Mastercard Business Card, cardholders can redeem their points for a wide range of rewards. These include:

  • Airline tickets – Cardholders can use their points to book flights with no blackout dates or seat restrictions.
  • Hotels and car rentals – Points can be redeemed for stays at various hotels and car rental services, providing convenience and savings on business travel.
  • Gift cards and merchandise – Cardholders can choose from an extensive catalog of gift cards and merchandise from popular retailers, providing flexibility in redemption options.
  • Financial products – Points can be applied towards National Bank financial products, such as savings accounts and investments, promoting healthy financial habits.
  • Account credit – Cardholders can choose to apply their points as a credit towards their account balance, helping to offset the cost of everyday purchases.
  • Charitable donations – Points can be used to make charitable donations, providing an opportunity for cardholders to support causes they care about.

The National Bank Platinum Mastercard Business Card charges a foreign transaction fee of 2.5% on each purchase made in currencies other than Canadian dollars. This includes both online and in-person transactions conducted outside Canada or with foreign merchants.

Keep this in mind when using the card for international purchases, as the fees can add up.

The National Bank Platinum Mastercard Business Card does not have a minimum personal income requirement. As this is a business credit card, it focuses on your business’ financial situation rather than personal income. Approval is based on factors such as business revenue, credit history, and business stability.

Key benefits

  • Zero yearly membership cost
  • Generous interest-free window of nearly a month on acquisitions
  • Earn a single reward point for each dollar expended
  • Welcome offer of bonus 15,000 points after $7,000 expenditure within the initial 90 days
  • Statement credits available through cashback redemption
  • Inclusive travel insurance coverage for peace of mind
  • Continuous customer care assistance at any hour of the day
  • Personalized card designs to propagate brand identity
  • Exclusive access to valuable features and resources within Mastercard Business Network
  • Flexible billing arrangements tailored to organizational preferences
  • Brief duration of balance transfer promotional offers
  • Absence of specific perks tied to fuel or dining expenditures
  • Charges apply on transactions in foreign currencies, at 2.5%
  • Constrained base points accumulation rate equating to 1 reward point per $1 utilized
  • Requirement to gather minimum 5,000 reward points for redemptions
  • Additional fee incurred for authorized employees’ cards
  • Rewards structure may not align ideally with every business’s expenditure patterns

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