RBC Cash Back Mastercard

The RBC Rewards+ Visa card is a no-fee credit card option that provides points on your spending, offering a rewards program that allows you to earn points on various purchase categories.

Key Benefits

• Annual Fee: $0
• 1 RBC Rewards point per $1 spent on gas, groceries, and drugstore purchases
• 1 RBC Rewards point per $2 spent on all other purchases
• Welcome Bonus: 2,500 RBC Rewards points upon approvalAdditional Perks: Extended warranty, purchase security, digital bonuses (up to 3,500 points)
• Digital Bonuses: You can earn up to 3,500 bonus points by completing digital actions like adding your email, signing up for e-statements, and using RBC’s mobile app.
• Protection: The card comes with extended warranty and purchase security benefits

Reward Structure

• 1 RBC point for every dollar spent at grocery stores, gas stations, and drugstores
• 1 point for every two dollars spent on all other purchases

Each RBC point holds a value of approximately two cents when redeemed for travel, and about one cent when redeemed for other rewards. This means that to maximize the value of your points, it’s advisable to redeem them for travel-related expenses.

Cash Back Equivalent

When redeeming points for travel, you essentially receive 2% cash back for every dollar spent at grocery stores, gas stations, and drugstores, and 1% back on all other purchases.