RBC® Business Cash Back Mastercard‡ (2024)

FAQs

What are the benefits of RBC cash back Mastercard? ›

Just cash back. Thank you for choosing the RBC Cash Back Mastercard. It gives you the purchasing power, flexibility and security you expect of a credit card, plus the benefit of 2% cash back on grocery store purchases and up to 1% cash back on all your other everyday purchases. All with no annual fee.

Insurance & Protection

Protect your eligible business purchases charged to your RBC Business Cash Back Mastercard against theft, loss or damage for 90 days from the day you buy them. Doubles the manufacturer's original Canadian warranty by up to one additional year, to a maximum of 5 years.

Your cash back credits accumulate automatically and can be viewed on your monthly statement or through RBC Online Banking.

You might want to be strategic with your business spending by using a cash back business credit card to make your business purchases in eligible categories. As a result, this spending may earn you a reward in the form of cash back.

RBC Avion Visa Infinite Privilege – RBC's Luxury Travel Credit Card.

Mastercard credit cards are the only credit cards you can use to pay for in-store purchases at Costco Canada warehouses. American Express isn't accepted online at costco.ca either, where you'll need to use a Mastercard or Visa if paying by credit card.

On Net Purchases:

(A) Cash Back Credits are earned at the rate of 1% (for every $100.00 in Net Purchases charged to an Account, the Personal Applicant earns back $1.00), on the maximum amount of $25,000.00 in Net Purchases and for a maximum Cash Back Reward of $250.00, per Annual Period.

Business credit card rewards are not considered income, which means they are not taxable.

Is a cashback Mastercard a credit card? ›

Compare our Mastercard^® cashback credit cards

Choose the Mastercard cashback card that's right for you and start earning rewards points or a percentage in cashback on your purchases. No minimum income required. Subject to credit approval¹.

You can use your RBC Royal Bank credit card to obtain cash at any ATM or for RBC credit cards, at an RBC Royal Bank Branch. Interest is charged on cash advances from the time the cash advance is made. To view the current interest rate for cash advances, refer to your Cardholder Agreement for details.

Terms may apply to offers listed on this page. Maxing out a business credit card means spending up to your limit. Once you max out your card, it could impact your business credit score but it may not affect your personal score.

Your Credit Card Balance Will Not Disappear

You will continue to receive billing statements from the card issuer and you'll have to repay all the amounts you owe on your card. Since store cards tend to come with high APRs, you should strive to pay off closed store card balances as quickly as possible.

Intro APRs: Cash back cards tend to offer an intro APR on purchases for a limited time. Although the time period ranges, this may help you pay down big purchases or existing debt. Sign-up bonuses: The primary appeal of a cash back credit card is the cash back reward, and sign-up bonuses usually award cash back.

You can redeem your points for flights, travel packages, gift cards, and merchandise from popular brands. You can also convert your points to other eligible loyalty programs ¹, or use them towards financial rewards like paying your credit card bill, contributing to an RRSP, Trade with Points, and charitable donations.

Elite Mastercard cardholder is entitled to a complimentary membership to DragonPass Airport Lounges Program (as long as they remain a World Elite Mastercard cardholder).