RBC Royal Bank
Earn up to 2% cash back on groceries, 1% on other purchases. Enjoy no annual fee, competitive rates, and instant savings at Petro-Canada.
The RBC Cash Back Mastercard stands out for Canadian consumers seeking unlimited rewards and no annual fee. Purchases at grocery stores earn you up to 2% cash back, while all other qualifying transactions give back 1%. The purchase interest rate sits at 20.99%, and the cash advance rate is 22.99%. There is no annual fee nor any cost for additional cards, making it accessible for households and individuals alike. Furthermore, you benefit from instant fuel savings of 3¢ per litre at Petro-Canada locations when using your linked card, amplifying monthly savings.
How to Apply: Step-by-Step Guide
To apply, first, decide on the RBC Cash Back Mastercard as your preferred card. Next, gather your identification and employment details for the application. Then, visit the RBC Royal Bank online application platform tailored for quick approval decisions. Fill out the secure application form with your information and submit it. Most applicants receive their approval status within minutes, simplifying the process.
Pros of the RBC Cash Back Mastercard
A major advantage is the unlimited cash back—especially 2% on groceries and 1% on other purchases—making it ideal for daily spenders. Additionally, the absence of an annual fee allows users to maximize earnings without out-of-pocket costs for ownership. Ongoing Petro-Canada savings further boost the card’s everyday value, especially for motorists.
Cons of the RBC Cash Back Mastercard
The cashback outside groceries is capped at 1%, which may be moderate compared to tiered reward cards. The purchase rate of 20.99% may also be high for those carrying a balance, so the card suits users who pay monthly in full.
Verdict
The RBC Cash Back Mastercard delivers strong everyday value, outstanding grocery rewards, and no annual fee. It’s a smart pick for Canadian families and individuals who want straightforward cash rewards and fuel savings without complicated point systems. For disciplined users, it’s a reliable companion for routine spending.
