Cash BackNo Annual FeeMastercard

RBC Cash Back Mastercard

RBC

2.6 / 5Rating

Simple no-fee card with 2% unlimited cash back on groceries and 1% on gas and transit.

The RBC Cash Back Mastercard is a RBC Mastercard card with no annual fee. It earns 2% cash back on Groceries.

Last updated October 9, 2026Source: issuer page

Key facts

Annual fee: $0
Purchase interest rate: 21.99%
Cash advance rate: 22.99%
Earn rates: 2% cash back on Groceries (Unlimited); 1% cash back on Gas, EV charging, transit, rideshare (Unlimited); 0.5% cash back on All other purchases (Unlimited)
Welcome offer: 5% extra cash back on first $2,000 in spend for 6 months
Foreign transaction fee: 2.5%
Income requirement: Not listed

How this score is calculated

Formula

Net annual value(50%)3.9
Welcome bonus(15%)0.0
Foreign transaction fee(10%)2.5
Insurance & perks(15%)1.3
Purchase interest rate(10%)2.5

What are the fees and rates?

Verified 2026-10-09

Annual Fee

Purchase Interest Rate

21.99%

Cash advance: 22.99%

Foreign Transaction Fee

2.5%

What rewards does this card earn?

The RBC Cash Back Mastercard earns 2% cash back on Groceries.

Groceries

Unlimited

2% cash back

Gas, EV charging, transit, rideshare

Unlimited

1% cash back

All other purchases

Unlimited

0.5% cash back

Is there a welcome offer?

Yes. 5% extra cash back on first $2,000 in spend for 6 months

5% extra cash back on first $2,000 in spend for 6 months

Apply by February 2, 2027

Pros

No annual fee
Strong 2% unlimited grocery earn rate
1% on gas and transit categories
Welcome bonus available

Cons

Low 0.5% base earn rate
Interest rate increased to 21.99% as of Oct 2026

What perks are included?

No annual fee
2% unlimited cash back on groceries
1% on gas, EV charging, transit, rideshare
Purchase security and extended warranty

What insurance is included?

Purchase Protection – 90 days from purchase

Extended Warranty – Up to 1 additional year

Frequently asked questions

What is the annual fee on the RBC Cash Back Mastercard?

The RBC Cash Back Mastercard has no annual fee.

What rewards does the RBC Cash Back Mastercard earn?

2% cash back on Groceries (Unlimited); 1% cash back on Gas, EV charging, transit, rideshare (Unlimited); 0.5% cash back on All other purchases (Unlimited)