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EQ Bank Card

EQ Bank Card

EQCash Back
Apply Now

on Banque EQ's website

Annual Fee
$0
Welcome Bonus
—
Bonus Value
—
Estimated value
1st Year Value
$150

Pros & Cons

Pros

  • +No annual fee

Cons

  • –No purchase protection

Our Review

With the EQ Bank Card, you pay no foreign exchange fees for purchases made abroad or in foreign currencies. This Mastercard is a reloadable prepaid card with which you can make free withdrawals at any ATM in Canada.

In addition, you earn the same excellent rate as your Personal Account, as well as 0.5% cash back on every purchase made with the EQ Bank Card.

Since it is a Mastercard, you can use it anywhere in the world as well as in Costco warehouses in Canada.

Rewards

All Spending

0.5x

Cash Back pts per dollar

Credit Card Rewards Calculator

See how much you could earn with this card based on your spending.

Groceries0.50%
$700/month
Gas & EV0.50%
$200/month
Transit0.50%
$100/month
Restaurants0.50%
$300/month
Pharmacy0.50%
$50/month
Travel0.50%
$150/month
Bills & recurring payments0.50%
$250/month
Telecom0.50%
$150/month
Entertainment & streaming0.50%
$100/month
Office supplies0.50%
$0/month
All other spending0.50%
$500/month

Cashback earned

$150

$/yr

Estimated Value

$150

After Fees

+$150

1st Year Value

$150

incl. welcome bonus

Annual rewards breakdown

Groceries$8,400/yr × 0.50%$42
Gas & EV$2,400/yr × 0.50%$12
Transit$1,200/yr × 0.50%$6
Restaurants$3,600/yr × 0.50%$18
Pharmacy$600/yr × 0.50%$3
Travel$1,800/yr × 0.50%$9
Bills & recurring payments$3,000/yr × 0.50%$15
Telecom$1,800/yr × 0.50%$9
Entertainment & streaming$1,200/yr × 0.50%$6
All other spending$6,000/yr × 0.50%$30
Total annual spend$30,000
Monthly spend$2,500
Average earn rate on spend per year0.50%
Total cashback earned$150

Terms & Conditions

Card Features

  • Free withdrawals at any ATM in Canada
  • 0.5% cash back on every purchase
  • Earn the same excellent rate as your Personal Account
  • No foreign exchange fees, monthly fees, or other hidden fees

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Conditions apply. All information is believed accurate but not guaranteed. Card details, rewards, and offers are subject to change at any time. Always verify the latest terms on the issuer’s website before applying. EducFinance may receive compensation through affiliate links. This does not affect our editorial choices or card rankings. © 2026 Banque EQ. All trademarks are property of their respective owners.