Before you start the application process, ensure you meet the basic criteria:

Check Eligibility Requirements

• Age: You must be the age of majority in your province or territory.
• Residency: You need to be a Canadian citizen or permanent resident.
• Credit Score: While there isn’t a published minimum, a good credit score (generally 660 or higher) will increase your chances of approval.

Example:

If you’re 21 years old, living in Ontario, and have a credit score of 700, you would meet the basic eligibility requirements.

Gather Required Information

Have the following information ready to complete your application:

• Personal Information: Full name, date of birth, Social Insurance Number (SIN), contact details (address, phone number, email).
• Financial Information: Employment details (employer, income), housing situation (rent or own), and other debts (loans, other credit cards).
• Banking Information: If you have existing accounts with RBC, you may be able to speed up the process by providing your RBC client card or account number.

Choose Your Application Method

RBC offers two primary ways to apply:

• Online: The fastest and most convenient method. Visit the RBC website and navigate to the credit card application page.
• In-Person: Visit your local RBC branch and speak with a representative to start the application process.

Complete the Application Form

Fill out the application form accurately and truthfully. Provide all requested information, and be prepared to answer additional questions that might arise during the process.

Wait for a Decision

RBC typically processes applications quickly. You may receive an instant decision online or by phone, or you might be asked to provide additional documentation.

You might receive an email within minutes stating that your application has been approved.

Is the RBC Cash Back Mastercard worth it?

The RBC Rewards+ Visa card offers points on spending, with 1 RBC point on every dollar spent on groceries, gas, or at drug stores, as well as 1 point per 2 dollars on all other spendings. However, the value of these points is limited, especially when compared to other no-fee credit cards in Canada.

For example, the Tangerine Money Back Card offers 2% cash back on 2 categories of your choice, including gas and drug store purchases, providing a better cash back rate compared to the RBC Rewards+ Visa Card.

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