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RBC Cash Back Mastercard Review
The Bottom Line
The RBC Cash Back Mastercard is a solid no-fee option for those looking to earn 2% cash back on groceries and save on gas at Petro-Canada. However, the lower cash back rate on other purchases and limited insurance coverage make it a basic rewards card for everyday use. It’s great for those who prefer a no-annual-fee card with flexible cash back redemption options.
Welcome Bonus
Get Unlimited Cash Back on Your Purchases(2) with our no annual fee Cash Back credit card
Rewards Rate
0.5% - 2% cashback
Cash Back
Annual Fee
$0
Interest Rates
20.99% / 22.99%□
Rewards
- 2% cash back on groceries (maximum $120 cash back yearly then 1%)
- 0.5% cash back on all other purchases for the first $6k spent
- 1% cash back on all other purchases after spending over $6k
Insurance
Coverage
Purchase Protection
90 days
Extended Warranty
Up to a year
Benefits
Details
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Gas Discount
save 3¢/L on fuel and always earn 20% more Petro-Points at Petro-Canada
Extra points
50 Be Well points for every $1 spent on eligible products at Rexall
Eligibility
Credit Score
GoodAnnual Income
N/A
*Unlimited means there is no maximum cash back credits you can earn on Grocery Store Purchases and other purchases (up to your available credit limit) per Annual Period. For complete RBC Cash Back Program Terms and Conditions, please visit: www.rbc.com/cashbackterms. Refer to RBC page for up to date offer terms and conditions. The Website may engage in affiliate marketing, which is done by embedding tracking links into The Website. If you click on a link for an affiliate partnership, a cookie will be placed on your browser to track any sales for purposes of commissions. Check here for full details and current product information.
Card Details
Interest Rates
Purchase APR
20.99%
Cash Advance APR
22.99%□
Balance Transfer APR
22.99%
□ Cash advance rate for Quebec residents is 21.99%
Fees
Annual Fee
$0
Additional Cards
$0
Eligibility
Minimum Individual Income
N/A
Minimum Household Income
N/A
Credit Score Estimate
Good
Type
Card Type
Credit
Reward Type
Cash Back
Pros & Cons
Pros
- 2% cash back on groceries (up to $6,000 spending annually).
- No annual fee.
- Instant gas savings: Save 3¢ per litre at Petro-Canada locations and earn 20% more Petro-Points.
- Flexible cash back redemption: Get your cash back on demand when you reach $25 in accumulated rewards.
Cons
- Lower cash back rate: Only 0.5% cash back on non-grocery purchases up to $6,000, and 1% after.
- Limited insurance coverage: Only basic extended warranty and purchase protection.
RBC Cash Back Mastercard
2.5
FinlyWealth Rating
Get personalized rewards estimates — see exactly how much you could earn.
RBC Cash Back Mastercard Cash Back Calculatoron RBC's website