RBC Royal Bank
Unlock up to 7% cash back the first 3 months, no annual fee, and ongoing rewards on groceries and fuel. Enjoy premium perks with both standard and elite card options.
RBC’s Cash Back Credit Cards stand out with a compelling limited-time offer: earn up to 7% cash back on up to $1,000 in purchases for the first three months. The RBC Cash Back Mastercard has a $0 annual fee, offering notable everyday value for Canadians. Beyond the initial period, you can earn up to 2% cash back at grocery stores and up to 1% on all other qualifying purchases—all with a standard purchase rate of 20.99%.
A premium option—the RBC Cash Back Preferred World Elite Mastercard—has a $99 annual fee but comes with an eye-catching 12% cash back welcome bonus for the first three months (up to $2,000 in purchases). It also unlocks 1.5% cash back on every purchase, worldwide lounge access, and extra perks like a complimentary DashPass subscription.
How to Apply
- Review your credit profile and select the preferred card product.
- Calculate estimated cash back based on typical spending.
- Complete the online application form with required personal and financial details.
- Submit your application and receive a response—often in under a minute.
- Activate your card when it arrives to start earning rewards.
Pros of the RBC Cash Back Credit Cards
Both cards offer unlimited cash back on purchases with straightforward earning structures. The Mastercard network is accepted at many retailers and supports spending across Canada and globally.
Owning the card also gives bonus value with perks like instant savings at Petro-Canada and exclusive subscription offers like DashPass for free food deliveries, making everyday life more affordable and convenient.
Cons of the RBC Cash Back Credit Cards
Although competitive, the ongoing cash back rates are modest for non-grocery or non-preferred purchase categories. The premium version comes with a $99 annual fee, which might not fit every budget.
Additionally, redeeming your earned cash back requires a minimum accumulation—or you’ll have to wait for the automatic annual deposit each January.
Verdict
The RBC Cash Back Mastercard Series offers genuine value, particularly for those seeking no-annual-fee cash back or enhanced premium travel and lifestyle rewards. With strong welcome offers and reliable everyday perks, it’s a solid fit for Canadians looking to maximize rewards with minimal hassle.
