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ECHO® cashback Mastercard®

ECHO® cashback Mastercard®

Earn 1.5% cashback on most online purchases, in grocery stores and on gas*

Annual Fee Interest Rate Balance Transfer Cash Advance Credit Score Good: -- I've had a credit card, or loan for 6+ years. I've had good credit for the last 7 years (no bankruptcies or no defaults on credit as a result of failing to pay debts back to creditors). I haven't opened a new credit card account, loan, or line of credit in the last nine months. I've made the minimum payments on my existing credit cards for the past three months. Rewards Are all rewards created equal? From points, to miles, to cash back – how do you know how much you’re really getting? To help you find the best rewards card, we’ve created the Your Reward Return, an estimate on the dollar value of your rewards based on your monthly spend so that you can compare like for like. Now that’s wise thinking!
$30.00 20.99% 22.99% 22.99% Good 1.50% *maximum
  • Card Details Details
  • Our Review Review

Card Details


  • Earn 1.5% cashback on most online purchases, in grocery stores and on gas*

  • Get unlimited 1% cashback on all other purchases

  • Apply your cashback as soon as you accumulate $10. You can even access your cashback on the go from any tablet or mobile device!

  • Purchase protection in case of theft or damage*

  • Extended warranty*

To find out more on the credit terms applicable to this product, click here.

Features and Benefits

  • Purchase protection and extended warranty

RateSupermarket.ca's Review

Cash-back rewards on a low-fee card are rare, but the National Bank ECHO® cashback Mastercard® promises just that. For just $30 per year, or $2.50 per month, you can earn cash-back at a rate of 1.5% on groceries, gas and online purchases.

This is great news for people who spend a lot of money at Amazon or other online retailers. Back in the real world, you get 1% cash-back on just about everything else. This spending flexibility is a real plus, enabling you to start earning cash-back without doing anything differently. Also, you don't have to wait long to receive your rewards. You can claim the cash-back as soon as you have accumulated $25 in earnings.

This card has a modest suite of insurance, offering purchase protection and extended warranty. It does not offer travel insurance though, which may be a deal-breaker for some people.

All-in-all, this is a good value cash-back option, which will pay for itself with regular use. However, if you are very motivated by rewards, or need some travel coverage, look instead for a higher fee card that promises a faster rate of rewards and more comprehensive insurance.

Earning Potential: Up to $349.48 in cash-back

How does this card stack up to other cash-back options? We crunched the numbers using our Best of Finance methodology to see how much you could earn over a 24-month period.

Assuming $1,222.96 is spent on the card monthly, at eligible retailers in the following categories*:


Pharmacy Food Gas
$ 55.33 $ 758.53 $ 155.72**
Travel Other*** Monthly Total
$ 151.21 $ 102.17 $ 1,222.96


Cash-back earned over a 24-month period: $409.48.

Total (subtracting annual fee): $349.48.

*Source: Statistics Canada
**Based on $1.00/litre gas prices
***This calculation assumes 50 per cent of "Other" is online purchases

The beauty of cash-back compared to other rewards programs, is that you are free to spend the money on anything you like! $350 is enough to treat yourself to a night in a posh hotel, or splash out on a five-course meal in a fancy restaurant.


  • $30 annual fee is relatively cheap compared to other cash-back cards.
  • Additional cards are free, enabling your spouse's spending to contribute to your rewards.
  • This card has a minimum credit limit of just $500. Ideal if you are concerned about spending beyond your means.
  • Cardholders get 1.5% cashback on gas, groceries and online purchases.
  • Get 1% cashback on all other purchases.
  • You don't have to wait long to receive your cash-back! As soon as you have accumulated $25 you can apply it to your credit card account.
  • For no extra cost, this card offers purchase insurance (90 day protection against theft and damage), extended warranty (double the manufacturer's warranty up to one additional year) and Zero Liability fraud protection.
  • Card membership brings additional perks, including membership to the exclusive Priceless Cities® program. This gives you access to cultural, sporting, culinary and shopping events in some of North America's coolest cities.


  • The 1.5% cash-back rate is only applicable to the first $25,000 spent on gas, grocery and online purchases annually. After that, the cashback rate reverts to 1%. But, in all honesty, if you are spending over $25,000 per year on gas and groceries, you should look for a card with a higher rate of cash-back anyway.
  • No travel insurance coverage.

Rate, product information and rewards estimate are subject to change at any time and does not constitute financial advice. Please contact supplier for complete details

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