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Mr. Loonie
National Bank Echo Cashback Mastercard

National Bank Echo Cashback Mastercard

7.1
Good
Expert Score · 2 reviews How we score

Best for: People who want cash back on gas, groceries and online shopping for a small fee

Your spending a month
What’s in each?
Light:
Groceries $400, restaurants $100, gas $100, recurring bills $100, everything else (base rate) $250, foreign currency $50
Typical:
Groceries $800, restaurants $250, gas $250, recurring bills $250, travel $150, everything else (base rate) $650, foreign currency $150
Big:
Groceries $1,200, restaurants $500, gas $400, recurring bills $400, travel $500, everything else (base rate) $1,600, foreign currency $400
Yours:
Your own amounts, saved on this device only
Every year
$288

Ranked #109 of 176 for year one. See the list

See how we worked it out
Annual fee
$30 a year
Apply now on National Bank’s site (opens in a new tab)
We may get paid if you apply through this link. It never changes our score.

Have this card?

Details from National Bank’s site. Banks can update terms at any time, so give them a quick look before you apply. Source

Is it for me? What you’d earn Can I get it? Fees Similar cards
2 quick questions

Is it for me?

Do you spend $200 or more a month on groceries and gas?

Do you pay your card off in full most months?

Answer the 2 questions to see if it fits.

From the numbers

The good and the bad

Stands out

  • Good: 1.5% back on groceries and gas

Watch for

  • Watch for: $30 a year You need about $200 a month on groceries and gas to earn it back.
  • Watch for: 2.5% on foreign purchases Use a no foreign fee card when you travel.

Worked out from the card’s rates and fees.

Show your work

What you’d earn

With typical spending of $2,500 a month.

  • Groceries $144
    1.5% back $800 a month · $144 a year
  • Restaurants $30
    1% back $250 a month · $30 a year
  • Gas $45
    1.5% back $250 a month · $45 a year
  • Recurring bills $30
    1% back $250 a month · $30 a year
  • Travel $18
    1% back $150 a month · $18 a year
  • Everything else $78
    1% back $650 a month · $78 a year
  • Foreign currency $18
    1% back $150 a month · $18 a year
For you Year one Later years
Cash back you earn $363 $363
Annual fee −$30 −$30
Foreign currency fee2.5% on $1,800 a year −$45 −$45
Total $288 $288

Rows are rounded to the dollar.

What counts in each category
Groceries
1.5% back Up to $25,000 in spending per year.
Gas
1.5% back Up to $25,000 in spending per year.
Everything else (base rate)
1% back

1.5% cash back (on first $25000 spent) on online purchases.

These are example budgets to compare cards side by side, not averages. Your own spending will give a different number.

Checked on Nov 8, 2026. Source

Before you apply

Can I get it?

  • Age 18 or older 19 or older in BC, NB, NL, NS and the territories
  • Where you live Canada
  • Credit score No minimum on record Most banks don’t publish one, and we don’t guess.

Checked on Nov 8, 2026. Source

Mr. Loonie’s tip Each application shows up on your credit file. Leave a few months between card applications.

What critics say

Other reviewers on this card

7.1
Good
Expert Score How we score
  • Money.ca (opens in a new tab) Mar 2023
    6

    “Despite its shortcomings, the National Bank ECHO Cashback Mastercard might be a good fit for those who spend more than $6K annually ($500 per month) on eligible groceries, gas and online purchases. Why? In its enhanced cashback categories the ECHO card has about a 0.5% cashback advantage on competing cards with no annual fee, which earn about 1% in cash back give or take. Spending $6K annually in those categories will yield $30 in cash back that you would not get with the no annual fee cards, which covers the so-called annual ‘cost’ of having the ECHO card.”

  • Ratehub.ca (opens in a new tab) Feb 2017

    “With no minimum income requirement and no annual fee, this is an attractive starter card for students and new graduates and an accessible card for the budget-conscious. If you make a lot of online purchases, the competitive cash back rate and strong insurance features also make it a great secondary card to keep in your wallet.”

What cardholders say

Ratings from people with this card

No ratings yet. If you have this card, tell others what it’s like.

Applied and weren’t approved?

Insurance and perks

What comes with it

  • Extended warranty Included
  • Purchase protection Included
Coverage limits

We haven’t recorded the coverage limits for this card yet. Read National Bank’s insurance certificate before you count on any coverage.

Not included

Not listed for this card: travel medical, trip cancellation, trip interruption, flight delay, lost baggage, car rental damage and mobile device.

Fees and interest

What it costs

Annual fee
$30 a year
Purchase interest
20.99%
Cash advance interest
22.49%
Foreign currency fee
2.5%
All fees and rates

Fees

Extra cards
None
Cash advance fee
$3.50, $5.00 fee for cash advances outside of Canada.
Balance transfer fee
1%, If transfer is requested when credit card account is opened, otherwise 3%.
Over-limit fee
None
Late payment fee
None
Source
Issuer page

Interest rates

Balance transfer interest
22.49%
Source
Issuer page

Read the card terms and conditions for the full terms.

Checked on Nov 8, 2026. Source

Before you decide

Similar cards for the same spending

With typical spending. This card: $288 year one, $288 every year after.

See all cards ranked for your spending

Some of these links pay us when you apply, at no extra cost to you. Most don’t, and pay never changes our score. How we make money

Common questions

Questions people ask

What is the annual fee on the National Bank Echo Cashback Mastercard?

$30 a year.

Does it charge a foreign transaction fee?

Yes, 2.5% on purchases in other currencies.

What is the interest rate?

20.99% on purchases. Cash advances are 22.49%.

Does it include insurance?

It lists extended warranty and purchase protection. Read the insurance certificate for the limits.

Rates, fees and offers come from the card issuers and change often. We work to keep this page accurate and current, but it may contain mistakes, so always check the issuer’s terms before you apply. This page is general information and isn’t financial advice.

Spot something wrong? We’ll check it with the bank. Suggest a correction

Card names, logos and trademarks belong to their owners. No issuer wrote, paid for or approved what we say about this card. Our scores and opinions are our own.

Mr. Loonie is independent and supported by affiliate links. We may earn a commission when you apply through some links, at no cost to you. How we make money

$288
a year for you
Apply now on National Bank’s site (opens in a new tab)
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