The RBC Cash Back Mastercard stands out as an ideal choice for individuals looking to simplify their finances while earning unlimited rewards. With no annual fee and a straightforward cashback structure, it provides significant value to cardholders. Whether you’re shopping for groceries or paying your bills, this card ensures you’re always earning.

Designed for ease and convenience, the RBC Cash Back Mastercard offers a host of features aimed at maximizing your purchasing power. With additional benefits like fuel savings, personalized offers, and optional add-on services, it’s more than just a cashback card—it’s a financial tool tailored to fit modern lifestyles.

Key information about the credit card

How does the annual fee work?

One of the most appealing features of the RBC Cash Back Mastercard is its lack of an annual fee. This means cardholders can enjoy all its benefits without worrying about added costs. Many credit cards come with hidden fees or charges, but with this card, you have peace of mind knowing you can access cashback rewards, purchase protection, and other features entirely free of charge. This makes it an accessible choice for a wide range of users, including those seeking their first credit card.

How is the credit limit determined?

The credit limit for the RBC Cash Back Mastercard is determined based on the cardholder’s financial profile. This includes factors such as your income, credit history, and overall creditworthiness. RBC uses this information to assess your capacity to repay and assign a suitable credit limit. For traditional credit cards, like the RBC Cash Back Mastercard, the bank takes a personalized approach to ensure you have enough flexibility to manage your expenses while maintaining financial stability.

Advantages of the credit card

• Unlimited cashback: Earn up to 2% cashback on grocery purchases and 1% on all other eligible purchases without any cap on your rewards.
• No annual fee: A rare feature that allows cardholders to save money while enjoying premium benefits.
• Fuel savings at Petro-Canada: Save 3¢ per liter on fuel and earn 20% more Petro-Points every time you fill up.
• Be Well points at Rexall: Get 50 points for every $1 spent on eligible products, making it easier to redeem rewards for in-store savings.
• Extended warranty and purchase security: Protect your purchases against damage or theft and extend manufacturer warranties for added peace of mind.
• DoorDash subscription benefits: Enjoy three months of complimentary DashPass, with $0 delivery fees on orders over $15.

Standout advantage

The standout feature of the RBC Cash Back Mastercard is its unlimited cashback rewards. Unlike many credit cards that cap the amount of cashback you can earn annually, this card allows users to accumulate rewards without restrictions. Combined with its no annual fee policy, it provides incredible value to cardholders who want a simple yet rewarding financial tool.

Disadvantages

• High purchase and cash advance rates: The interest rates of 20.99% for purchases and 22.99% for cash advances can lead to significant costs if balances are not paid in full.
• Limited bonus categories: While the cashback rates on groceries are competitive, the 1% rate on other purchases might be lower than specialized cards.
• Additional card fees: While the primary card is fee-free, additional services or add-ons may incur extra costs.

A standout disadvantage

One major drawback of the RBC Cash Back Mastercard is its relatively high interest rates for purchases and cash advances. At 20.99% and 22.99%, respectively, these rates can be a burden for cardholders who carry balances. This makes it essential for users to pay off their balances in full each month to truly maximize the card’s benefits.

Who can apply for this card?

The RBC Cash Back Mastercard offers accessibility to a wide range of individuals, provided they meet the specified eligibility requirements. To apply, individuals must be at least 18 years old, or meet the age of majority in their respective province, ensuring that applicants have the legal capacity to enter into credit agreements. Beyond the age requirement, applicants are expected to possess a valid and established credit history, which serves as a reflection of their financial responsibility and ability to manage debt effectively.

Although the RBC Cash Back Mastercard does not impose a strict minimum annual income threshold, demonstrating a stable and reliable income source significantly increases the likelihood of approval. This is particularly important as it indicates the applicant’s ability to repay any outstanding balances, fostering confidence in their financial reliability. In addition, a clean credit record plays a pivotal role in the approval process.

How to apply for the RBC Cash Back Mastercard

For the website

To apply for the RBC Cash Back Mastercard through the website, start by visiting the official RBC page and navigating to the credit card section, where you can explore various card options. Once you locate the RBC Cash Back Mastercard, click on the “Apply Now” button to begin the application process. You will be directed to a secure online form that requires essential personal details, including your full name, address, income, and employment information.

RBC uses advanced security measures to protect your sensitive data throughout the process. After submitting your application, you can typically expect a response within minutes. If your application is approved, your new card will be mailed to you and should arrive within a few business days, allowing you to start enjoying its benefits promptly.

Through the app

The RBC Mobile App provides another seamless way to apply for the card. After downloading the app, log in or create an account. Go to the “Credit Cards” section, select the RBC Cash Back Mastercard, and tap “Apply.” The app will guide you through the process, allowing you to upload any required documents directly. This option is particularly convenient for existing RBC clients, as much of their information is pre-filled, reducing application time.

At the branch

For those who prefer in-person interactions, applying for the RBC Cash Back Mastercard at an RBC branch is a great option. Visit your nearest branch and speak to a representative who will guide you through the application process. You’ll need to bring necessary documents, such as proof of income, government-issued ID, and any additional paperwork requested. The representative will answer any questions and ensure your application is processed efficiently.