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RBC Cash Back Mastercard

Name: RBC Cash Back Mastercard
Brand: RBC

3.4

Welcome bonus

Up to $70 cash back

2% grocery store purchases — 2% on the first $6,000 in annual grocery purchases, 1% thereafter
0.5% all other qualifying purchases — 0.5% on the first $6,000 in annual purchases, 1% thereafter

Annual fee: No annual fee
Interest rates: Purchases
20.99%
Cash advances
22.99%
Foreign transactions: 2.5%

Rated by the CreditCardGuru Editorial Team

A decent no-fee grocery card, especially for students and newcomers, but the 0.5% base rate makes it a poor everyday catch-all compared with other free cash back cards.

At a glance

Annual fee: No annual fee
Welcome bonus: $70
Foreign tx fee: 2.5%
Network: MASTERCARD
Rewards: cash back
Purchase APR: 20.99%

Rewards & earn rates

Grocery store purchases2% on the first $6,000 in annual grocery purchases, 1% thereafter	2%
All other qualifying purchases0.5% on the first $6,000 in annual purchases, 1% thereafter	0.5%

Welcome offer: Up to $70 cash back (Bonus applies to the first $1,000 in purchases within 3 months).

Pros & cons

Pros

Strong no-fee grocery earn rate
Flexible on-demand cash back redemption

Cons

Weak 0.5% base rate on non-grocery spending (first $6,000)
No travel insurance

Perks & insurance

Key perks

2% cash back on groceries with no annual fee
Unlimited total cash back with no earning ceiling
Redeem any time once your balance reaches $25
3-month complimentary DoorDash DashPass
Save 3 cents/L and earn 20% more Petro-Points at Petro-Canada

Insurance

Purchase security and extended warranty

Rates & fees

Annual fee: None
Purchase interest: 20.99%
Cash advance: 22.99%
Foreign transactions: 2.5%

Last updated June 7, 2026Reviewed by CreditCardGuru Editorial Team

Terms & conditions

Rates and offers change. Every rate, fee, welcome offer and benefit on this page was accurate when last reviewed, but RBC can change or withdraw any of them at any time — sometimes without notice. Confirm the current terms on RBC's own website before you apply.

Eligibility is theirs to decide. Approval, credit limits, interest rates and welcome offers depend on your credit history and RBC's own criteria. Bonuses often exclude anyone who has held the card before, and usually require a minimum spend within a set period.

This is not advice. The reviews and ratings here are our editorial opinion, not financial, tax or legal advice, and not a recommendation for your circumstances. Speak to a qualified professional before making a financial decision.

How we make money. CreditCardGuru may earn a commission when you apply through links on this page. It never affects our ratings or what we write — see our advertiser disclosure and rating methodology.

CreditCardGuru is not affiliated with RBC. Trademarks belong to their respective owners.

Similar cards to consider

Guru Pick Scotiabank

Scotia Momentum® Visa Infinite +* Card

4.5·Households with large grocery and bill spending who want maximum cash back.

Annual fee: ~~$120~~ $0
Welcome bonus: $300
Top reward: 4% groceries

Top-tier 4% on groceries and recurring bills
Multi-year winner of best cash back card awards

Suggested score 720+ · Excellent credit

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Guru Pick CIBC

CIBC Dividend Visa Infinite Card

4.5·Households with heavy grocery and gas spend who want maximum cash back.

Annual fee: ~~$120~~ $0
Welcome bonus: $350
Top reward: 4% groceries

4% on gas and groceries is among the highest in Canada
Strong 2% middle tier covers dining, transit and bills

Suggested score 720+ · Excellent credit

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Disclaimer: This page is for informational purposes only and does not constitute financial, tax or legal advice. Card terms and offers change and may be out of date — always verify with the issuer before applying, and consult a qualified professional before making financial decisions. CreditCardGuru may earn a commission from cards featured on this site; this never influences our editorial ratings. See our advertiser disclosure.

Written by

CreditCardGuru Editorial Team

Rewards & Cards Research

Our editorial team independently researches and rates every credit card in Canada using a transparent, data-driven methodology. We update card terms continuously and never let issuer relationships influence our ratings.

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Cite this page

“RBC Cash Back Mastercard Review (2026)” — CreditCardGuru, https://creditcardguru.ca/cards/rbc-cash-back-mastercard, updated June 7, 2026.