Business MasterCard®

  • Annual Fee: $75
  • Additional Card: $0
  • Grace Period: 21 days
  • Interest Rate: 16.99%
  • Credit Limit: variable

Choose between two different payment methods

  • Consolidated Pay – One main control account and one sub-account per employee; statements are mailed to the account administrator.
  • Individual Pay – Each employee has an individual account; statements are mailed directly to each cardholder with a consolidated statement to your administrator.

Cash Back Program

Our Cash-Back Business MasterCard rewards you up to 1% of your purchase value.

  • $75 annual fee for Consolidated Pay
  • $75 annual fee for each Individual Pay account

For each monthly billing cycle that

Net new retail purchases
charged to the account total:
The primary account
holder will earn:
So monthly earnings
could be:
$0 to $5,000 0.5% cash back Up to $25
$5,001 to $10,000 0.75% cash back Up to $75
$10,001 or more 1% cash back No limit
 

MasterTrip® Expand/Collapse

  • Common carrier travel accident insurance - up to $1,000,000 coverage when your ticket is purchased with your MasterCard.
  • Unexpected return home benefits - in the event of a death in your immediate family, you are covered for up to $2,000 for return travel.
  • Baggage Delay - if your luggage is delayed or misdirected for more than 6 hours, you're covered for up to $200 in emergency purchases of essential items.

MasterPurchase® Expand/Collapse

  • 90-day purchase protection:
    • Protection against loss, theft and damage for most items purchased with your MasterCard.
    • Items will be replaced or repaired, or you will be reimbursed the purchase price.
    • Items given as gifts are also covered.
    • Some limitations apply.
  • Extended warranty:
    • The manufacturer's warranty is automatically extended for up to two additional years for most items purchased with your MasterCard.
    • Warranty must be valid in Canada. Other limitations apply; see the certificate of insurance when you receive your card.

MasterRental® Expand/Collapse

When you rent a car with your MasterCard, you're protected with:

  • Collision damage waiver benefit - equivalent to that offered by the car rental company, provided you decline the car rental company's optional collision damage waiver.
  • Car rental accidental death and dismemberment benefits – up to $300,000 per accident.
  • Personal effects benefits – if your rental car is damaged or stolen, any personal effects in the car are covered up to $1,000 per insured person, up to $1,000 per rental period.

MasterLegal® Expand/Collapse

  • Legal referrals and payment assistance - in those countries that the MasterAssist Operations Centre deems safe for travel, you will be assisted in locating a legal advisor and in paying legal fees up to $5,000 (billable to your MasterCard account and subject to credit availability).