RBC Business Cash Back Mastercard: Complete Guide

The RBC Business Cash Back Mastercard is a versatile tool for Canadian business owners who want to earn rewards on everyday expenses while keeping costs low.

The RBC Business Cash Back Mastercard is more than just a cash back card—it’s a strategic tool for managing your business expenses, maximizing savings, and enhancing your financial flexibility. In this guide, we’ll walk you through everything you need to know, from effective usage tips to frequently asked questions and optimization strategies.

CREDIT CARD

RBC Business Cash Back Mastercard

1% Cash Back $0 annual fee

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💡 How to Make the Most of Your RBC Business Cash Back Mastercard

1. Use the Card for All Business Purchases

Whether you’re paying for office supplies, client dinners, or utility bills, the RBC Business Cash Back Mastercard earns 1% cash back on every purchase. This consistent reward structure makes it an ideal option for managing everyday expenses.

2. Save on Fuel with Petro-Canada

Link your RBC Business Cash Back Mastercard to your Petro-Canada account to save 3 cents per litre on fuel and earn 20% more Petro-Points. This is a great way to reduce costs for businesses with significant travel expenses.

3. Set Up Automatic Payments

Simplify your business operations by setting up automatic payments for recurring expenses, such as subscriptions, utilities, and insurance. This ensures timely payments, avoids late fees, and steadily earns cash back.

4. Take Advantage of Purchase Protection

Use the card for high-value business purchases to benefit from purchase security (up to 90 days) and extended warranty coverage, which doubles the manufacturer’s warranty by up to one additional year.

5. Monitor and Redeem Cash Back Regularly

Track your cash back earnings through RBC Online Banking. Once your cash back balance reaches $25, you can choose to redeem it as a statement credit or receive an automatic credit every January.

🔎 Pro Tips and Hidden Benefits

• No Annual Fee: Maintain your business expenses without the burden of an annual fee.
• Multiple Cards for Employees: Add one additional card to your account at no extra cost, allowing trusted employees to manage purchases while you monitor expenses.
• Flexible Cash Back Redemption: Wait for the automatic credit in January or request a credit once your cash back balance reaches $25.
• Extended Warranty for Business Equipment: Buy office equipment, computers, or smartphones using the card to benefit from the extended warranty coverage.
• Integrated Business Tracking: Use RBC’s online banking portal to monitor expenses, set spending limits, and ensure accurate budgeting.

❓ Frequently Asked Questions (FAQs)

Q1: How does the RBC Business Cash Back Mastercard earn rewards?

You earn 1% cash back on every eligible purchase, with no limit on the total cash back you can earn.

Q2: Is there an annual fee for this card?

No, the RBC Business Cash Back Mastercard has no annual fee, making it a cost-effective option for small businesses.

Q3: Can I use this card outside of Canada?

Yes, this card is a Mastercard, which means it is accepted worldwide. However, foreign transaction fees may apply.

Q4: How do I redeem my cash back?

Once your cash back balance reaches $25, you can request a credit to your account or wait for the automatic annual credit in January.

Q5: Does this card offer purchase protection?

Yes, it provides purchase security (90 days) and extended warranty protection for eligible purchases.

Q6: Can I get additional cards for employees?

Yes, you can add one additional card to your account at no extra cost, making it easier to manage employee expenses.

Q7: How do I link my card to Petro-Canada for fuel savings?

Simply link your RBC Business Cash Back Mastercard to your Petro-Canada account online to access fuel savings and earn more Petro-Points.

Q8: Is this card suitable for startups?

Absolutely. The RBC Business Cash Back Mastercard is ideal for small businesses and startups looking to earn rewards without an annual fee.

🌟 Long-Term Optimization Strategies

• Pair with a Rewards Card: Consider using a high-earning rewards card (such as an RBC Rewards card) for major purchases while using the RBC Business Cash Back Mastercard for everyday business expenses.

• Monitor Spending Categories: Regularly review your spending through RBC Online Banking to identify areas where you can maximize your cash back earnings.

• Maximize Fuel Savings: If your business involves frequent travel, ensure your card is linked to Petro-Canada to save on fuel costs and earn more Petro-Points.

• Leverage Purchase Protection: Use the card for high-value business purchases, such as office equipment, to take advantage of purchase security and extended warranty coverage.

• Automate Payments for Consistency: Set up automatic payments for regular business expenses, ensuring you never miss a payment and continuously earn cash back.

✅ Final Verdict: Is the RBC Business Cash Back Mastercard Worth It?

The RBC Business Cash Back Mastercard is a strong choice for small business owners looking to maximize savings without the burden of an annual fee. It offers consistent 1% cash back on all purchases, fuel savings at Petro-Canada, and valuable purchase protection benefits.

If your business has significant daily expenses, especially fuel costs, this card can provide reliable value. However, if your spending is concentrated in specific categories like travel, you may want to consider a specialized rewards card for higher earnings.

CREDIT CARD

RBC Business Cash Back Mastercard

1% Cash Back $0 annual fee

APPLY NOW You will be redirected