- 2%Cash back on grocery purchases up to $6,000
- 1%Cash back on all other qualifying purchases
Receive an accelerated 7% cash back on your first $1,000 in total purchases during the initial 3 months.
Earn 2% back on the first $6,000 in grocery purchases and 1% thereafter. For all other qualifying purchases, you will earn 0.5% cash back.
The RBC Cash Back Mastercard stands out as the top choice because it offers a straightforward cash back structure with no annual fee, making it ideal for everyday spending, especially on groceries.
Pros:
- No annual fee
- High cash back on groceries
Cons:
- Limited cash back on non-grocery purchases
- Cash back credited annually
The RBC Cash Back Mastercard is a suitable option for individuals seeking a no-fee credit card that rewards everyday purchases with a straightforward cash back structure, particularly advantageous for those who frequently spend on groceries. Its modest reward rate and welcome bonus make it an appealing choice for budget-conscious consumers looking to maximize their cash back earnings without incurring additional costs.