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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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N/A

Welcome Offer

$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 this card 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. This RBC card 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, get $0 delivery fees at DoorDash for 3 months.

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.

What should I know before I apply?

How to apply

  1. Click the green ‘Go to site’ button above.
  2. Fill out the standard credit card application, which should take five minutes to complete.

Bottom line

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

Name Product Welcome Offer Rewards Purchase Interest Rate Annual Fee Min. Credit Score Description
RBC Cash Back Mastercard
N/A
Up to 2% cash back
19.99%
$0
Min. recommended credit score: 650
Get 2% cash back on grocery store purchases, and up to 1% cash back on all other qualifying purchases and pre-authorized payments.
BMO CashBack Mastercard
5% cash back
Up to 3% cash back
19.99%
$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 1.99% on balance transfers with a 1% balance transfer fee for nine months.
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) on up to $1,000 of purchases in the first 2 months Until July 31, 2022. Plus, get a 1.95% interest rate on balance transfers for the first 6 months (valid within the first 30 days of account opening, 1% transfer fee applies).
RBC Avion Visa Infinite
55,000 points
Up to 1 point per $1 spent
19.99%
$120
Min. recommended credit score: 650
Get up to 55,000 Welcome Points. Get 35,000 points on approval and 20,000 bonus points when you spend $5,000 in your first 6 months. Apply by September 16, 2022.
OFFER
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) on up to $1,000 of purchases in the first 2 months Until July 31, 2022. Plus, get a 1.95% interest rate on balance transfers for the first 6 months (valid within the first 30 days of account opening, 1% transfer fee applies).
EXCLUSIVE
Neo Financial Mastercard
Get $25.00
Average 5% cash back
19.99% - 24.99%
$0
Min. recommended credit score: 600
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 thousands of partners and at least 1% cashback guaranteed.
RBC Rewards+ Visa
3,500
Up to 1 points per $2 spent
19.99%
$0
Min. recommended credit score: 650
Earn up to 3,500 RBC Rewards points by going digital in the first 60 days.
BMO Preferred Rate Mastercard
0.99% rate on balance transfers for 9 months
N/A
12.99%
$0 annual fee for the first year ($20 thereafter)
Min. recommended credit score: 660
Get a rate of 0.99% on balance transfers for 9 months with a 2% transfer fee. Plus, get the $20 annual fee waived in the first year.
Walmart Rewards Mastercard
Up to $25 in Reward Dollars
Up to 1.25% cash back
19.89%
$0
Min. recommended credit score: 650
Get up to $25 in bonus Walmart Reward Dollars.
American Express Cobalt Card
30,000 points
Up to 5x points per $1 spent
20.99%
$155.88
Min. recommended credit score: 700
Earn up to 30,000 Membership Rewards points in your first year. Earn 2,500 Membership Rewards points for each monthly billing period in which you spend $500 in net purchases on your card (up to 30,000 points).
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