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RBC Cash Back Mastercard review
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.
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$0
Annual Fee
Up to 2% cash back
Rewards
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 2% 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. By linking your card to Petro-Canada, you can save 3 cents per litre on fuel and earn 20% more Petro-Points. You will also get 50 Be Well points at Rexall for every $1 you spend and be able to redeem points faster with 25,000 Be Well points for $10. Plus, save at DoorDash with $0 delivery fees for 12 months and get unlimited deliveries with $0 delivery fees on orders of $15 or more when you pay with your eligible RBC credit card
What to watch for
- Sliding reward tiers. The 2% cashback is only available on your first $6,000 in grocery store purchases every year. Beyond that, you earn up to 1% cashback on all other purchases.
- 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 Type | Interest Rate |
|---|---|
| Purchase interest rate | 20.99% |
| Cash advance rate | 22.99% |
| Standard balance transfer rate | 22.99% |
What should I know before I apply?
How to apply
- Head to RBC’s website and click under ‘Credit Cards’ to find this card.
- 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.
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