RBC Cash Back Mastercard
No annual fee, earn unlimited cash back, up to 2% on groceries and 1% on all other purchases, plus valuable partner rewards. Standard 20.99% APR on purchases.
Introducing the RBC Cash Back Mastercard
The RBC Cash Back Mastercard offers Canadians an exceptional opportunity to earn rewards on everyday spending with zero annual fee. Enjoy a standard interest rate of 20.99% APR on purchases, making it a practical choice for those who pay balances monthly. There is no set minimum credit limit requirement, making it accessible to many applicants. Special benefits include up to 2% cashback on groceries and 1% on most other purchases and pre-authorized payments, ensuring consumers maximize rewards on essential spending.
Step-by-Step Application Process
Applying for the RBC Cash Back Mastercard is simple and convenient. First, visit the official RBC application page. Gather your personal identification and employment information. Fill out the online application with accurate details and agree to the terms and conditions. Submit your application and await rapid approval, often within minutes. Upon approval, your card will be mailed promptly for activation to start enjoying your benefits.
Key Advantages
One major advantage is unlimited cashback credits with no annual fee, ensuring ongoing value for cardholders. Earn up to 2% cashback on grocery purchases, 1% on other categories, and additional partner rewards at Petro-Canada and Rexall. Adding a complimentary DashPass subscription further increases everyday savings, and cardholders can link for additional savings at Petro-Canada fuel stations and earn extra points at Rexall on eligible items. The card also offers practical protections such as Zero Liability for unauthorized purchases and authorized user additions at no cost.
Potential Drawbacks
A notable drawback is the 20.99% purchase APR, which may be high for those who carry a balance month-to-month. The top cashback rate of 2% is limited to grocery purchases, so spending in other categories yields lower rewards. It’s important to note that specialized insurance and premium travel perks are not included, which may not appeal to travellers seeking those benefits.
Final Verdict
The RBC Cash Back Mastercard stands out for its no-fee structure and unlimited cashback potential. It is a strong option for Canadians focusing on everyday purchases, especially groceries, who value simplicity and flexibility over premium rewards or travel perks. While it lacks certain high-end features, its accessible benefits and user-friendly rewards program make it a recommended choice for households who pay off their card in full monthly.
