ECHO Cashback MasterCard

The ECHO Cashback Mastercard from National Bank offers up to 1.5% cashback on everyday purchases, with a straightforward $30 annual fee. This card is ideal for those who frequently spend on gas, groceries, and online shopping.

Welcome Offer

There is no specific welcome offer mentioned for this card.

Summary

This credit card comes with an annual fee of $30. When you make purchases, the interest rate is 20.99%. If you transfer a balance or take out a cash advance, the rate is slightly higher at 22.49%. This means that it’s best to pay off your balance each month to avoid these interest charges.

Rewards

Earn rewards effortlessly with this credit card! Enjoy 1.5% cashback on all your gas, grocery, and online purchases, putting more money back in your pocket for essential expenses. Plus, you’ll receive 1% cashback on all other eligible purchases, ensuring you benefit no matter where you shop.

Benefits

Applying for this credit card is a breeze with no minimum income required, making it accessible to everyone. You can easily redeem your cashback through online banking, providing convenience at your fingertips. Plus, Mastercard® ID Check ensures your online transactions are secure, giving you peace of mind while you shop

Insurance

• Extended warranty: Double the manufacturer’s warranty for up to 1 year
• Purchase protection: Coverage against theft or damage for 90 days from the purchase date
• Zero Liability protection against unauthorized transactions

Editor’s Review

ECHO Cashback Mastercard Review

The ECHO Cashback Mastercard from National Bank is designed for consumers who frequently spend on gas, groceries, and online purchases. With an affordable annual fee of $30, it offers competitive cashback rates, extended warranties, and robust security features.

Key Features and Benefits

• Interest Rates:
  • Purchase Rate: 20.99%
  • Balance Transfers and Cash Advances: 22.49%
• Rewards Program:
  • 1.5% cashback on gas, groceries, and online purchases
  • 1% cashback on all other purchases
• Fees:
  • Annual Fee: $30
• Benefits:
  • Extended warranty up to double the manufacturer’s warranty
  • Purchase protection against theft or damage for 90 days
  • No minimum annual income requirement
• Insurance Coverage:
  • Purchase protection and extended warranty coverage
• Security Features:
  • Mastercard® ID Check™ for secure online purchases
  • Zero Liability for unauthorized transactions

Pros and Cons

Pros:

• Competitive cashback rates for everyday spending categories
• Affordable annual fee
• Strong purchase protection and extended warranty benefits
• No minimum income requirement

Cons:

• High interest rates for purchases and cash advances
• Limited travel-related benefits

Who is this card for?

This card is ideal for budget-conscious consumers who spend significantly on gas, groceries, and online shopping. It suits those looking for a simple rewards structure with added purchase protection and extended warranties without the need for a high income.

Comparison Table

Final Verdict

The ECHO Cashback Mastercard scores an 7.7/10. Its straightforward rewards program, low annual fee, and valuable purchase protections make it an excellent choice for everyday use. However, it falls short in travel benefits and has higher interest rates compared to some competitors. Ideal for those who prioritize cashback on essential purchases and value extended warranties and purchase protection.

Disclaimer: For the most current rates, terms, and conditions, please refer to the official credit card website. The information provided on this site is for general informational purposes only and does not constitute professional or financial advice. Always consult with a qualified professional for specific advice tailored to your financial situation.