RBC Royal Bank
No annual fee. Up to 7% cash back on all purchases for 3 months, then up to 2% on groceries, 1% on everything else. Instant fuel savings at Petro-Canada.
The RBC Cash Back Mastercard is an attractive choice for Canadians seeking simple rewards on daily spending. This card features no annual fee, a generous limited-time offer of up to 7% cash back for the first three months (on up to $1,000 in total purchases), and ongoing rates of up to 2% on groceries and 1% on other purchases. The purchase interest rate is 20.99%, with a cash advance rate of 22.99%. There’s no additional fee for supplementary cards, and instant fuel savings at Petro-Canada are a valuable plus.
How to Apply for the RBC Cash Back Mastercard
1. Visit the credit card application portal.
2. Select the RBC Cash Back Mastercard from the available cash back cards.
3. Fill out your personal and financial details as required.
4. Submit identification documents if requested.
5. Review the terms and submit your application for fast approval.
Key Advantages
This card offers unlimited cash back at a competitive rate for groceries, making it perfect for families and frequent shoppers. There’s also a special welcome offer to maximize your return in the first three months and no annual fee, keeping overall costs to a minimum.
Additional benefits like instant fuel savings at Petro-Canada stations and a complimentary DashPass subscription enhance value, especially for Canadians who drive and order food delivery.
Potential Drawbacks
The cash advance interest rate is relatively high at 22.99%, so this card may not be ideal for those who need to carry a balance. Also, the ongoing cash back on non-grocery purchases tops out at 1%, which is average compared to some premium cards.
Big spenders and world travellers may prefer cards offering broader bonus categories or more travel perks. Still, this card’s simplicity can be a plus for many users.
Verdict
If your goal is straightforward cash back without an annual fee, the RBC Cash Back Mastercard offers a compelling solution — especially with its lucrative 7% welcome rate and no-fee structure. It’s a solid pick for everyday groceries, routine purchases, and those looking to maximize value without hassle.
