RBC Cash Back Mastercard Review

Get ready to simplify your savings and turn your everyday purchases into real money back in your pocket with the RBC Cash Back Mastercard! 

The RBC Cash Back Mastercard is designed for clarity and value, providing a refreshingly easy way to make your money work harder for you. With its focused rewards on essential spending categories, automatic cash back redemption, and the backing of one of Canada’s most trusted banks, this card is a must-have for anyone looking to maximize their budget. 

It’s time to stop just spending and start earning back – let this card be your key to unlocking effortless rewards on the things you buy every day.

CREDIT CARD

RBC Cash Back Mastercard

No annual fee Unlimited cashback

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Ways to Benefit: Your Everyday Financial Advantage

The RBC Cash Back Mastercard is packed with features that offer outstanding value, convenience, and security, especially for a card with no annual fee.

1. Absolutely No Annual Fee: This is the card’s most attractive feature. You can enjoy all its cash back benefits and security features without paying a single dollar in annual fees, ensuring that every cent of cash back you earn is pure savings.
2. Accelerated Cash Back on Groceries: Earn an impressive 2% cash back on your grocery store purchases. This is a fantastic rate for a no-fee card and targets one of the most significant spending categories for most households, from trips to Zehrs and Food Basics to your local independent grocer.
3. Generous Cash Back on Gas & Transportation: Keep your travel budget in check by earning 2% cash back on your gas and public transportation purchases.
4. Unlimited 1% Base Cash Back: For all other purchases that don’t fall into the grocery or gas categories, you’ll still earn a solid 1% cash back. 
5. Substantial Welcome Offer: Kickstart your earnings with a generous welcome bonus! New cardholders can often take advantage of special offers, such as earning high cash back (up to 7%) on gas, grocery, and transportation for the first three months, providing an immediate and significant boost to your savings.
6. Instant Savings at Petro-Canada: Link your RBC Cash Back Mastercard to your Petro-Points card and instantly save 3¢ per litre on fuel at any Petro-Canada location. 
7. Earn Bonus Petro-Points: On top of the fuel savings, you’ll also earn 20% more Petro-Points on your purchases at Petro-Canada, helping you accumulate points faster for fuel rewards and other items.
8. RBC Offers: Gain access to personalized offers and discounts from a wide range of popular brands through your RBC online banking or the mobile app. Simply load the offers to your card to earn bonus cash back or receive statement credits.

Who Can Apply: Eligibility Criteria

To be eligible for the RBC Cash Back Mastercard, you must meet the following basic criteria:

• Age of Majority: You must be the age of majority in your province. For residents of Barrie, Ontario, the age of majority is 18.
• Canadian Resident: You must be a permanent resident of Canada.
• Good Credit History: While RBC does not publish a specific minimum credit score, you will need to have a good credit history and not have declared bankruptcy in the past 7 years.
• No Minimum Income Requirement: This card does not have a stated minimum personal or household income requirement, making it accessible to a wide range of Canadians, including students and those with variable incomes.

How to Apply: Your Steps to Start Earning

Applying for the RBC Cash Back Mastercard is a quick and easy process.

1. Visit the RBC Website: Navigate to the credit cards section on the official RBC Royal Bank website.
2. Select the Card: Find and select the “RBC Cash Back Mastercard”.
3. Review the Details: Take a moment to review the card’s features, current welcome offer, and terms and conditions.
4. Click “Apply Now”: Begin the secure online application.
5. Provide Your Information: Fill out the application form with your personal details, including your full name, address, date of birth, Social Insurance Number (SIN), and employment/income information.
6. Consent to a Credit Check: Agree to the terms and allow RBC to perform a credit check.
7. Submit Your Application: Review all your information for accuracy and submit the form. You will often receive a decision within 60 seconds.

You can also apply by phone or by visiting any RBC branch in Barrie or across Canada.

Frequently Asked Questions (FAQ)

1. Are there limits on how much cash back I can earn?
   No, there are no caps or limits on the amount of cash back you can earn in any category.
2. How much cash back will I earn at Costco?
   Since Costco is categorized as a grocery merchant and accepts Mastercard, you would earn 2% cash back on your purchases there.
3. When do I receive my cash back?
   Your cash back is automatically applied as a statement credit every January. You can also manually redeem it anytime your balance is $25 or more.
4. What insurance benefits are included?
   The card comes with 90-day Purchase Security and a one-year Extended Warranty on most purchases.
   

CREDIT CARD

RBC Cash Back Mastercard

No annual fee Unlimited cashback

APPLY NOW You will be redirected