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RBC Cash Back Mastercard review

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RBC Cash Back Mastercard
Welcome Offer
N/A
Rewards
Up to 2% cash back
Annual Fee
$0
Purchase Interest Rate
20.99%
Cash Advance Rate
22.99%

Summary

Receive unlimited cash back with no annual fees with the RBC Cash Back Mastercard. 

The RBC Cash Back Mastercard lets you rack up rewards on all your purchases with no limit on how much you can earn.

In this guide

  • Review
  • Frequently asked questions
  • Your reviews

The RBC Cash Back Mastercard lets you rack up rewards on all your purchases with no limit on how much you can earn. It’s for people who like to use their credit cards for everyday purchases, such as purchases at grocery stores and gas stations. Get up to 2% unlimited cash back on grocery store purchases, and up to 1% cash back on all other qualifying purchases and pre-authorized payments.

Find out if the RBC Cash Back Mastercard is right for you.

30-second take

  • Consider getting the RBC Cash Back Mastercard if you like to shop on credit for everyday items such as groceries.
  • Choose something else if you’re looking for a credit card with low interest rates.
  • You must be a Canadian resident and the age of majority in your province to apply for the card.

The basics

The RBC Cash Back Mastercard is designed to give you unlimited cash back on every purchase you make. For the first $6,000 you spend each year, you’ll earn 2% cash back at the grocery store and up to 1% on all other qualifying purchases.

As an RBC credit cardholder, you’ll also receive several value-added services for holding the Cash Back Mastercard, including balance protector insurance, optional travel insurance, identity protection and roadside assistance.

The perks

  • Unlimited cash back. The RBC Cash Back Mastercard has no limits on how much cash back you can earn. Get up to 2% cash back on grocery store purchases, and up to 1% cash back on all other qualifying purchases and pre-authorized payments.
  • No annual fee. Unlike other cash back credit cards, this one has no annual fee for the primary cardholder or any additional cards on the account.
  • Safety. The RBC Cash Back Mastercard offers purchase security and extended warranty protection as well as balance protector insurance.
  • Instant fuel savings. Link your card to Petro-Canada to save 3 cents per litre on fuel and earn 20% more Petro-Points. Get 50 Be Well points per dollar spent at Rexall. Enjoy a free 3-month DashPass subscription with DoorDash, and get unlimited $0 delivery fees on orders of $15+ when you pay with your card.

What to watch for

  • High interest rate. You will be charged a standard interest rate on outstanding purchase balances and slightly more for cash advances.

RBC Cash Back Mastercard interest rates

Interest TypeInterest Rate
Purchase interest rate20.99%
Cash advance rate22.99%
Standard balance transfer rate22.99%

What should I know before I apply?

How to apply

  1. Head to RBC’s website and click under ‘Credit Cards’ to find this card.
  2. Fill out the standard credit card application, which should take five minutes to complete.

Bottom line on the RBC Cash Back Mastercard

The RBC Cash Back Mastercard offers an easy and convenient way to earn cash back on everyday purchases. While you won’t earn as much outside the grocery store, you can still rack up the points if you use the card regularly and save on gas while you’re at it. No annual fee and zero liability protection offer additional incentives to sign up for this card.

Compare other credit cards

1 - 10 of 42
Name Product CACCF Welcome Offer Rewards Purchase Interest Rate Annual Fee Min. Credit Score Description
RBC Cash Back Mastercard
N/A
Up to 2% cash back
20.99%
$0
Min. recommended credit score: 650
Get up to 2% unlimited cash back on grocery store purchases, and up to 1% cash back on all other qualifying purchases and pre-authorized payments.
Neo Credit Mastercard
Get $25.00 + up to 15% cash back
Up to 5% cash back
19.99% - 29.99%
$0
Min. recommended credit score: 710
Get $25 when you sign up for the Neo Financial Mastercard. Plus, earn bonuses like 15% cashback on your first purchase at most partners, and earn an average of 5% cashback at partner stores and at least 1% cashback guaranteed.
RBC ION Visa
6,000 points
1.5 points per $1 spent
20.99%
$0
Min. recommended credit score: 660
Get 6,000 Avion points when you get approved for the card.
Tangerine World Mastercard
10% cash back
Up to 2% cash back
19.95%
$0
Min. recommended credit score: 600
Earn 10% cash back (up to $100) when you spend $1,000 in the first 2 months. Valid until October 31, 2024. Plus, get a 1.95% interest rate on balance transfers for the first 6 months.
American Express Cobalt Card
15,000 points
Up to 5x points per $1 spent
21.99%
$155.88
Min. recommended credit score: 700
Earn up to 15,000 Membership Rewards points in your first year. Earn 1,250 Membership Rewards points for each monthly billing period in which you spend $750 in purchases. That’s up to $150 towards a weekend getaway or concert tickets.
BMO CashBack Mastercard
5% cash back
Up to 3% cash back
20.99%
$0
Min. recommended credit score: 660
Get 5% cash back on all eligible purchases in the first three months of card membership (up to max. spend of $2,500). Plus, get a rate of 0.99% on balance transfers for 9 months. A 2% fee applies to transferred balances.
Tangerine Money-Back Credit Card
10% cash back
Up to 2% cash back
19.95%
$0
Min. recommended credit score: 600
Earn 10% cash back (up to $100) when you spend $1,000 in the first 2 months. Valid until October 31, 2024. Plus, get a 1.95% interest rate on balance transfers for the first 6 months.
RBC Avion Visa Infinite
55,000 points
Up to 1 point per $1 spent
20.99%
$120
Min. recommended credit score: 650
Get up to 55,000 Welcome Points. Get 35,000 Welcome Points on approval and 20,000 bonus points when you spend $5,000 in your first 6 months. Apply by November 25, 2024.
BMO eclipse rise Visa Card
25,000
Up to 5 points per $2 spent
20.99%
$0
Min. recommended credit score: 660
Earn up to 25,000 bonus points.
RBC ION+ Visa
12,000 points
3 points per $1 spent
20.99%
$48
Min. recommended credit score: 660
Get 12,000 Avion points when you get approved for the card.
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