The invention relates to a protection film used for the surface of NFC. The protection film comprises a PET base material layer, an adhesive layer arranged on one side of the PET base material layer and a release film layer attached to the adhesive layer. A black ink layer is arranged on the other side of the PET base material layer, the black ink layer is coated with a matte oil layer which is formed by film formation of an organic delustering agent, the black ink layer contains 0.5%-0.8% of aluminum compound, and the mean grain size of the aluminum compound ranges from 0.2 mm to 0.5 mm. The invention further relates to a preparation method of the protection film. The matte oil layer prevents fingerprints and scratches, meanwhile, the protection film has the functions of resisting solvents, achieving heat radiation and the like, and the service life of an NFC chip can be effectively prolonged. In addition, the aluminum compound is added to the black ink layer, waves, interfering with communication message receiving of a mobile phone, sent by the NFC chip can be shielded, it is guaranteed that the adhesive force of the adhesive layer of the protection film is moderate, the protection film can be completely attached to the surface of NFC, and adhesive residues or other pollution cannot be caused to the surface of NFC after the protection film is removed.