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EQ Bank Card Review
The Bottom Line
The EQ bank card is not a credit card; it's a prepaid card, so you will not be able to get the same level of rewards as when using a credit card and it will not build credit. But if getting a prepaid card is your goal, then this card is, without a doubt, the best choice. Voted the best "Prepaid Card" in Canada, this card offers rewards and benefits that are mostly not offered by other prepaid cards. Earning interest on balance, rewards on purchases, no foreign transaction fee, and especially the unique no ATM fee that no other card provides, makes this card the best among prepaid cards.
Welcome Bonus
N/A
Annual Fee
$0
Interest Rates
0% / 0%
Rewards
- 0.5% cash back on every purchase
Benefits
Details
No Foreign Transaction Fees
Free ATM withdrawal
Interest on Balance
Same interest as your personal account until spent
Eligibility
Credit Score
N/AAnnual Income
N/A
Card Details
Interest Rates
Purchase APR
0%
Cash Advance APR
0%
Fees
Annual Fee
$0
Additional Cards
N/A
Eligibility
Minimum Individual Income
N/A
Minimum Household Income
N/A
Credit Score Estimate
N/A
Type
Card Type
Prepaid
Reward Type
Cash BackPros & Cons
Pros
- Voted the best prepaid card in Canada by FinlyWealth.
- The no ATM fee feature allows you to withdraw cash from any out-of-network ATMs without incurring any fees. This unique benefit can save you a lot of money when you need cash.
- Unlike other prepaid cards, this card offers rewards and benefits such as earning interest on balance and no foreign transaction fee.
Cons
- For a prepaid card, there are no cons to note for this card.
EQ Bank Card
3.7
FinlyWealth Rating
Get personalized rewards estimates — see exactly how much you could earn.
EQ Bank Card Cash Back Calculatoron EQ Bank's website