RBC Cash Back Mastercard
No annual fee. Earn unlimited cash back—up to 2% at grocery stores, 1% on other purchases. Save on fuel and earn extra points at Petro-Canada.
The RBC Cash Back Mastercard is designed for Canadians who want to maximize cash back on everyday spending without annual fees. The card offers a 2% cash back rate at grocery stores and 1% on all other purchases, with no cap on rewards. The standard interest rate is 20.99% APR, which is competitive for cards in this category. There’s no introductory rate, but you save 3¢ per litre at Petro-Canada and earn 20% more Petro-Points as an added bonus.
Steps to Apply for the RBC Cash Back Mastercard
- Visit the RBC Cash Back Mastercard application page.
- Fill out your personal information such as name, address, and contact details.
- Provide your financial details, including employment and income information.
- Review the terms, then submit your application online.
- Wait for approval, which can be instant or may take a few business days.
Key Pros of the RBC Cash Back Mastercard
This card stands out for its unlimited cash back with no annual fee, making it ideal for those who want simple, ongoing rewards. The elevated 2% rate on groceries is among the highest for no-fee cards in Canada, offering excellent value for weekly shoppers.
Additional perks include instant fuel savings and increased loyalty points at Petro-Canada, plus the chance to earn more Be Well points at Rexall pharmacies. These features enhance saving options on daily essentials.
Cons to Consider
While the card delivers value, its APR of 20.99% may not be ideal for those who plan to carry a monthly balance. There is also no introductory balance transfer offer, which some competitors provide.
Cash back rewards on non-grocery purchases top out at 1%, less than some niche cards that offer 1.5% or higher in broader categories, and bonus grocery rewards are capped by where you shop.
Verdict: Is the RBC Cash Back Mastercard Right for You?
If you are seeking a no-fee credit card with high cash back on groceries and useful everyday perks, the RBC Cash Back Mastercard is one of the best options available in Canada. It’s perfect for maximizing returns on weekly supermarket runs, offering easy-to-understand rewards and valuable fuel savings. However, those looking for premium rates on a wider range of categories or low introductory APRs should compare all available options before applying.
