RBC Royal Bank
Get up to 7% cash back for 3 months on up to $1,000, then up to 2% on groceries and 1% on everything else. $0 annual fee. 20.99% interest rate.
Introduction to the RBC Cash Back Mastercard
The RBC Cash Back Mastercard stands out for Canadians seeking a straightforward no-fee solution to earn rewards on daily spending. For a limited time, enjoy up to 7% cash back on $1,000 in purchases during your first three months. Afterwards, enjoy up to 2% back on groceries and 1% back on other qualifying transactions. The card features a 20.99% purchase interest rate and a 22.99% rate for cash advances. Additional perks include instant fuel savings at Petro-Canada and a complimentary DashPass subscription for food delivery.
Jak złożyć wniosek: krok po kroku
Applying for the RBC Cash Back Mastercard is a quick, online process. First, visit the official website and select the card. Fill out the application by entering your personal and financial details. Submit the form and, in most cases, you’ll get a decision in minutes. If approved, your new card is typically mailed within several business days. You can then activate your card, register for online banking, and begin earning rewards.
Pros of the RBC Cash Back Mastercard
One major advantage is its $0 annual fee, making it accessible for most Canadians. You can maximize your rewards with up to 2% cash back at grocery stores and up to 1% on everything else. The limited-time 7% cash back offer is a strong incentive for new cardholders. There are also valuable perks, such as fuel discounts and complimentary DashPass for simplified food delivery.
Wady do rozważenia
While the cashback rate on everyday purchases is decent, those seeking premium travel benefits or insurance should be aware this card offers only basic perks. The increased 7% cash back is only available for the first $1,000 spent in your initial three months. Afterwards, the cash back structure reverts to 2% on groceries and 1% on other purchases, which may not suit heavy reward seekers. Additionally, the 20.99% purchase rate means balances should be paid in full each month to avoid interest charges.
Werdykt
The RBC Cash Back Mastercard is a smart choice for Canadians prioritizing no annual fee and simple cash rewards. It is best for moderate spenders who want value on groceries and everyday purchases. If your focus is travel perks or premium features, look elsewhere. Otherwise, this is a solid, no-frills option for straightforward cash back.
