Published 05/20/2024 Updated 02/10/2026 | BeCred

RBC Cash Back Mastercard

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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.

HOW TO APPLY

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.

HOW TO APPLY

Credit card approval in Canada typically depends on your credit score, income, existing debts, and credit history. Lenders review your financial profile to determine whether you qualify and what credit limit they can offer.

Many basic credit cards can be approved with a score around 600 or higher. Premium cards may require a stronger score, often above 700. Some secured credit cards are available for people with little or no credit history.

Yes. Many Canadian banks offer special credit card programs for newcomers who may not yet have a Canadian credit history. These programs often include starter credit limits to help build credit over time.

You can build your credit score by paying your balance on time every month, keeping your credit utilization low, and avoiding missed payments. Responsible use over time helps strengthen your credit profile.

Paying the minimum keeps your account in good standing, but interest will continue to accumulate on the remaining balance. Over time this can increase the total amount you pay for your purchases.

Some credit cards charge annual fees in exchange for rewards, travel benefits, or higher credit limits. However, many Canadian banks also offer no-fee credit cards with basic features and cashback options.

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Discover the PC Financial Mastercard

Earn PC Optimum™ points on everyday purchases like groceries and fuel. Apply for the PC Financial Mastercard and start earning rewards wherever you shop.

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