$0 Annual fee The RBC Cash Back Mastercard is a basic credit card. It’s a fine entry-level choice to earn more rewards on groceries if you already bank with RBC and are looking to open your first credit card, but otherwise there’s limited appeal.
Bonuses & Fees
Currently, there is no welcome offer on the RBC Cash Back Mastercard.
There is no annual fee and supplementary cards are also free.
Earning Rewards
The RBC Cash Back Mastercard earns 2% cash back on groceries up to $6,000 and 1% on groceries above $6,000. Otherwise, it earns 0.5% cash back on non-grocery purchases up to $6,000 and 1% cash back on non-grocery purchases above $6,000.
This is a relatively weak offering, especially in comparison to the Tangerine Money-Back Credit Card, which allows you to earn 2% cash back in up to three categories (including groceries).
Redeeming Rewards
There are two ways to redeem RBC cash back:
- Upon reaching a cash back balance of at least $25, call RBC to credit the entire amount to your account
- Automatically credited every January and appears on February statement
Perks & Benefits
The RBC Cash Back Mastercard does include a host of interesting benefits, including 3 months of free DashPass from DoorDash.
It also includes a 3¢/L saving on fuel at Petro-Canada, along with earning 20% more Petro-Points.
Finally, you can earn 50 Be Well points for every $1 spent on eligible products at Recall, as well as a have an improved redeeming ratio of 25,000 Be Well points = $10.
Insurance Coverage
The RBC Cash Back Mastercard offers a doubling of the manufacturer’s warranty up to one additional year as well as provides 90 days of purchase protection.