Annual fee
CA$0
Rewards rate
2%-0.5%
Welcome Bonus
7% cash back
Apply Now →on RBC's website
- 2%Cash back on grocery purchases
- 1%Cash back on all other purchases
Welcome Bonus:
Get up to 7% cash back for the first 3 months on up to $1,000 in total purchases.
Reward Rate:
Earn 2% cash back on the first $6,000 in grocery purchases and 1% thereafter.
The RBC Cash Back Mastercard is an excellent no-fee option for those who want to earn cash back on everyday purchases, particularly groceries.
Pros:
- No annual fee
- Tiered cash back rewards
Cons:
- Lower cash back rate on non-grocery purchases
- Limited to $6,000 on grocery purchases
The RBC Cash Back Mastercard is well-suited for individuals seeking a no-annual-fee credit card that offers competitive cash back rewards on everyday spending, especially for groceries. Its straightforward rewards structure makes it a practical choice for consumers looking to maximize their cash back potential without incurring additional fees.