1.National Bank ECHO Cash Back Mastercard
National Bank of Canada
- 1.5%Cash back on online purchases, gas, and groceries
- 1%Cash back on all other purchases
Earn up to 30,000 bonus points ($250 cash back value) make $2,000 or more in eligible purchases within the first 90 days.
Earn 1.5% cash back on online purchases, gas, and groceries, and 1% on all other purchases.
20.99%
22.49%
The National Bank ECHO Cash Back Mastercard stands out as the top choice because it offers a solid 1.5% cash back on essential categories like gas and groceries, making it ideal for everyday spending. With a low annual fee of CA$30, it provides excellent value for those looking to maximize their cash back rewards.
Pros:
- Good cash back on everyday purchases
- Low annual fee
Cons:
- Limited bonus categories
- Higher interest rates
2.Chase Freedom Flex
Chase
- 5%Cash back on rotating bonus categories
- 3%Cash back on dining and drugstores
- 1%Cash back on all other purchases
Earn a $200 bonus after you spend $500 on purchases in the first 3 months from account opening.
Earn 5% cash back on up to $1,500 on combined purchases in bonus categories each quarter you activate, plus 3% on dining and drugstores.
0% intro APR for 15 months
What sets the Chase Freedom Flex apart is its unique structure of offering 5% cash back on rotating categories, allowing cardholders to maximize their rewards in specific areas each quarter. This flexibility, combined with a generous welcome bonus, makes it a compelling choice for those who want to earn cash back on their everyday spending.
Pros:
- No annual fee
- High cash back potential with rotating categories
Cons:
- Requires activation for bonus categories
- Limited to $1,500 in bonus spending per quarter
3.Chase Freedom Unlimited
Chase
- 5%Cash back on travel purchased through Chase Travel
- 3%Cash back on dining and drugstores
- 1.5%Cash back on all other purchases
Earn a $200 bonus after you spend $500 on purchases in the first 3 months from account opening.
Earn 5% on travel purchased through Chase Travel, 3% on dining and drugstores, and 1.5% on all other purchases.
0% intro APR for 15 months
This card shines for its straightforward cash back structure, offering unlimited 1.5% cash back on all purchases, making it an excellent choice for those who prefer simplicity without sacrificing rewards. The additional 5% on travel booked through Chase Travel adds further value, especially for frequent travelers.
Pros:
- Unlimited 1.5% cash back on all purchases
- No annual fee
Cons:
- Limited elevated rewards categories
- Requires good credit for approval
Did you know?
A no-fee credit card can beat a premium card if you do not use the extras. Match the card to your spend before chasing a bonus.
Final Words
As you navigate the landscape of credit cards for online shopping this August, remember to focus on rewards, fees, and the specific benefits that align with your shopping habits. Take time to compare your options to ensure you choose the card that best enhances your purchasing power and maximizes your savings.
Frequently Asked Questions
Earn up to 30,000 bonus points ($250 cash back value) make $2,000 or more in eligible purchases within the first 90 days.
Earn 1.5% cash back on online purchases, gas, and groceries, and 1% on all other purchases.
Earn a $200 bonus after you spend $500 on purchases in the first 3 months from account opening.
Earn 5% cash back on up to $1,500 on combined purchases in bonus categories each quarter you activate, plus 3% on dining and drugstores.
Earn a $200 bonus after you spend $500 on purchases in the first 3 months from account opening. You can earn 5% on travel purchased through Chase Travel, 3% on dining and drugstores, and 1.5% on all other purchases.
When selecting a credit card for online shopping, consider factors such as the rewards rate on online purchases, any annual fees, and welcome bonuses. Assess your spending habits to ensure you choose a card that maximizes your potential rewards.
Many cashback cards have no annual fee, making them accessible for most users. However, some premium cards with higher rewards rates may charge annual fees, so it’s essential to evaluate your spending to determine if the benefits outweigh the costs.
You can apply for a cashback credit card online through the provider's website or at a bank branch. Make sure to have your personal information, income details, and identification ready to expedite the application process.
