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.
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).
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.
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.