RBC® Cash Back Mastercard

Last updated: September 5, 2023
  • $0 Annual fee
Annual fee:
$0

Interest Rates:
20.99% purchases
22.99% cash advances (21.99% QC)
22.99% balance transfers (21.99% QC)
Earning rate:
2% cash back† on grocery purchases up to $6,000
1% cash back† on grocery and non-grocery purchases above $6,000
0.5% cash back† on non-grocery purchases up to $6,000
Insurance:
Poor

The RBC® Cash Back Mastercard is a card geared towards students, newcomers to Canada, or individuals with new or recovering credit files who want to build a strong relationship with RBC® while earning some cash back.

Bonuses & Fees

Currently, there’s no welcome bonus on the RBC® Cash Back Mastercard.

There’s 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® (1-800-769-2512) 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 few 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 Rexall, 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.

Apply Now

As a basic no-fee product, the RBC® Cash Back Mastercard has no minimum income requirement.

Refer to RBC® page for up to date offer terms and conditions.

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