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National Bank ECHO® Cashback Mastercard Review
The Bottom Line
The National Bank ECHO Cashback Mastercard is great for individuals who prioritize earning cash back on common spending categories like groceries, gas, and online shopping. Its unique feature of offering extra rewards for online purchases sets it apart from most Canadian credit cards. Moreover, the ability to redeem cash back anytime once you've earned $25 makes it a flexible option for users who don’t want to wait for an annual payout. With a low $30 annual fee, it provides a good balance of rewards and affordability.
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on National Bank's website
Welcome Bonus
N/A
Rewards Rate
1% - 1.5% cashback
Cash Back
Annual Fee
$30
Interest Rates
20.99% / 22.49%
Rewards
- 1.5% cash back on eligible online purchases, gas and groceries
- 1% cash back on all other eligible purchases
Insurance
Coverage
Purchase Protection
90 days
Extended Warranty
Up to 1 year
Eligibility
Credit Score
Very GoodAnnual Income
N/A
Card Details
Interest Rates
Purchase APR
20.99%
Cash Advance APR
22.49%
Balance Transfer APR
22.49%
Fees
Annual Fee
$30
Additional Cards
$0
Eligibility
Minimum Individual Income
N/A
Minimum Household Income
N/A
Credit Score Estimate
Very Good
Type
Pros & Cons
Pros
- 1.5% Cash Back: You earn 1.5% cash back on online purchases, gas, and groceries (up to $25,000 annual spend), which makes this card a strong option for everyday essentials.
- On-Demand Redemption: You can redeem your cash back anytime after earning $25, offering more flexibility than other cards that require waiting until the end of the year.
- Low Annual Fee: At only $30 annually, the fee is easily offset if you maximize the card's cash back potential.
Cons
- Limited Insurance: The card comes with basic insurance coverage, like extended warranty and purchase protection, but doesn’t offer extensive travel or other premium benefits.
- Lower Cash Back for Other Purchases: Purchases outside the bonus categories earn just 1% cash back, which is fairly standard but not competitive for high spenders.
Get personalized rewards estimates — see exactly how much you could earn.
National Bank ECHO® Cashback Mastercard Cash Back Calculator
APPLY NOW
on National Bank's website