RBC Royal Bank
Earn up to 7% cash back on your purchases for the first 3 months and enjoy no annual fee. Quick application and additional savings at Petro-Canada.
The RBC Cash Back Mastercard is an attractive option for shoppers seeking direct rewards. For a limited time, applicants can get up to 7% cash back on up to $1,000 in purchases for the first 3 months. After the promotional period, you earn up to 2% cash back at grocery stores and 1% back on other qualifying purchases. There is no annual fee, and the purchase interest rate stands at 20.99% with a cash advance rate of 22.99%.
How to Apply
1. Visit the official RBC Cash Back Mastercard application page.
2. Complete the online application form with your details.
3. Submit required documents if requested.
4. Receive a quick decision, often in less than a minute.
5. If approved, your card will be sent to you promptly.
Top Pros of the RBC Cash Back Mastercard
One of its best features is unlimited cash back potential with enhanced rates at grocery stores. You can redeem cash back once your balance hits $25, or automatically every January.
There’s also automatic savings of 3¢ per litre at Petro-Canada, making day-to-day transit more affordable. Additionally, enjoy a complimentary 3-month DashPass subscription for no delivery fees.
Potential Cons to Consider
The higher 7% cash back rate applies only within the first three months and is capped at $1,000 in spending, reducing long-term allure.
The regular purchase interest rate of 20.99% can be significant if you carry a balance. After the introductory period, cash back rates revert to standard levels.
Verdict
The RBC Cash Back Mastercard is ideal for those wanting no-fee rewards and attractive short-term perks. As long as you pay off your balance monthly, this card delivers solid value, especially for grocery shoppers and Petro-Canada customers.
