RBC Cash Back Mastercard: Complete Guide for Canadian Consumers

Introducing the RBC Cash Back Mastercard

The RBC Cash Back Mastercard is a straightforward rewards credit card designed for Canadian residents seeking practical, everyday value from their spending.

Issued by the Royal Bank of Canada (RBC), one of the nation’s largest and most reputable financial institutions, this card allows cardholders to accumulate cash back on common purchases like groceries, gas, and recurring bills, without an annual fee.

The product stands out for its simplicity, accessibility, and suite of perks that ensure you get tangible value every time you swipe.

With seamless integration into RBC’s extensive digital ecosystem and nationwide network of physical branches, the RBC Cash Back Mastercard also comes with financial and security features expected from a major Canadian bank.

Whether you’re new to credit cards, looking for a secondary rewards card, or simply want a no-fee product that helps your money go further, this card is worthy of attention.

Benefits

This credit card offers both immediate and ongoing advantages to its users, tailored for a wide segment of everyday spenders. Key benefits include:

• No annual fee: Enjoy cash back rewards without worrying about an annual charge eating into your earnings.
• 2% cash back on groceries and eligible gas purchases: Maximize rewards on two of the most common spending categories.
• 1% cash back on recurring bill payments: Set up utilities, phone, or streaming bills to earn consistent rewards monthly.
• 0.5% cash back on all other purchases: Every eligible transaction earns a baseline reward.
• RBC Offers program: Access exclusive discounts on travel, dining, entertainment, and more.
• Purchase security and extended warranty protection: Safeguard new purchases with up to 90 days of coverage against theft, loss, or damage, plus doubled manufacturer warranties on eligible items.
• Contactless and mobile payment compatibility: Pay swiftly and securely with tap and mobile wallets.
• Optional balance protection insurance: Add peace of mind against unexpected events (at additional cost).

Prerequisites

To qualify for the RBC Cash Back Mastercard, applicants generally need:

• Canadian residency and age of majority in your province or territory
• Good credit history (no minimum income specified, but better odds with a moderate credit score or above)
• Valid contact and employment/income information

Note: Approval is subject to RBC’s credit evaluation. Students and newcomers may also apply, though stronger credit improves chances.

About the Royal Bank of Canada (RBC)

The Royal Bank of Canada (RBC) is the largest bank in Canada by market capitalization and serves over 17 million clients globally. Founded in Halifax in 1864 and now headquartered in Toronto, RBC has built a legacy of financial stability and innovation over more than 150 years.

The bank offers a comprehensive suite of personal, commercial, investment, and digital banking services, and is known for its strong focus on customer care, digital transformation, and extensive community engagement.

RBC boasts more than 1,200 branches across Canada and a highly rated mobile banking platform. It consistently invests in new technologies, making it a leading player in Canada’s financial services sector—and a trusted brand across generations.

Who is this card for?

This card suits a broad range of consumers looking for accessible, no-fee cash back rewards. It’s ideal for:

• Individuals and families who regularly shop for groceries and fuel
• Those wanting to earn rewards on recurring household or subscription bills
• Consumers seeking simplicity and avoiding annual fees
• RBC account holders or those preferring a card linked to a major Canadian bank
• People new to credit, students, or those rebuilding credit (pending approval)

It is not intended for high-end travelers seeking luxury perks or consumers who consistently carry a balance (due to standard credit card interest rates).

What rewards and programs does the card offer?

• Cash back rewards: Earn 2% on groceries and eligible gas, 1% on recurring payments, and 0.5% on most other purchases. No complicated points or redemption platforms—cash back is credited directly to your card or statement.
• RBC Offers: Cardholders get access to curated discounts and promotions from RBC’s merchant partners.
• Purchase security/extended warranty: Protect eligible items longer with built-in insurance features.

No travel or luxury rewards are featured, as this card is optimized for daily use and cash value.

Initial Credit Limit

Limits are assigned based on your credit profile. Typical features include:

• Minimum credit limit: $500 (subject to approval)
• Maximum credit limit: Assigned individually by RBC after review; typically scales with applicant’s income and credit score

Cardholders may request a review or increase after building a positive history.

Step by Step to Apply for the Card

1. Visit the official RBC Cash Back Mastercard application page.
2. Complete the secure application form with your personal, employment, and financial details.
3. Review your information and submit your application.
4. Wait for RBC’s online or email notification regarding your approval status (often within minutes to a few business days).
5. If approved, expect your card to arrive by mail within approximately 7 business days.
6. Prefer in-person? You can also apply at any RBC branch for assistance.

VISIT THE CARD SITE

Card’s Pros and Cons

• Pros:
  • No annual fee means instant value for occasional and frequent users alike.
  • Strong cash back on essential categories: groceries, gas, bills.
  • Purchase security and double warranty add peace of mind.
  • Broad access to RBC Offers for targeted savings.
  • Easy application and wide eligibility—no high income needed.
  • Backed by extensive RBC support, both online and in-branch.
• Cons:
  • Relatively low cash back on non-bonus categories (only 0.5%).
  • Cash back rates on gas apply only to qualifying retailers.
  • No travel insurance or out-of-country emergency benefits.
  • Standard interest rates can be high; not suited for those who carry a balance.
  • No premium or luxury perks compared to higher-tier cards.

How to Unlock the Card?

1. Upon receipt, sign the back of your card immediately for security.
2. Call the activation number printed on a sticker on your card, or follow prompts using the RBC app or online banking profile.
3. Set your personal identification number (PIN) if prompted. For further help, you can visit any RBC branch or contact RBC customer service.

Fees and Tariffs

Main costs associated with the RBC Cash Back Mastercard include:

• Annual fee: $0
• Purchase interest rate (APR): approximately 20.99%*
• Cash advance & balance transfer APR: approximately 22.99%*
• Foreign transaction fee: 2.5% of converted amount on non-Canadian dollar purchases
• Late payment fee: Varies (generally minimum $25 if not paid by due date)

*Rates effective as of publication and subject to change; consult the official RBC Cash Back Mastercard page for current terms.

Customer Service

• General Inquiries: 1-800-769-2512
• Lost/Stolen Card: 1-800-769-2512 (immediate assistance, 24/7)
• Online Info and Chat: RBC Cash Back Mastercard official page
• Branch Locator and Services: Find an RBC branch or ATM

Disclaimer: All credit card terms, rates, and features may change at any time. This review is for informational purposes only and does not constitute financial advice. Always read the full cardholder agreement and use credit responsibly by paying balances in full each month whenever possible.

Find other cards in our website.

DOWLOAD FOR ANDROID

DOWNLOAD FOR IOS