RBC Business Cash Back Mastercard Review



Annual Fee


Annual Rewards


Intro Offer


Annual fee


Annual rewards


Intro offer


  • No annual fee
  • 1% cash back on most everyday purchases
  • 2% cash back on RBC business services
  • Purchase protection and extended warranty
  • Savings with Avis and Budget car rentals
  • Flexible credit limits for each employee
  • Easy online account tracking


  • Limited range of cash back categories
  • Lower cash back rate compared to competitors
  • No bonus cash back offers or sign-up bonus
  • No travel rewards or insurance coverage

Performance test results

At DollarWise, for each credit card we test 7 different factors including the rewards, value for money, perks, insurance, strengths and weaknesses of the card.

You can see our full testing methodology here to learn why we’re the most trusted source for credit card reviews.

The RBC Business Cash Back Mastercard has earned a 4.25 DollarWise Rating out of 5. This score is based on a weighted average of the two highest scoring factors (excluding acceptance and approval).




Interest rates




The highest scoring categories for the RBC Business Cash Back Mastercard are fees and interest.

These factors are weighted 70% to the highest scoring factor and 30% to the second highest score to get an overall review score.

This weighting allows us to judge cards on their merits and the customers they are designed for.

For the RBC Business Cash Back Mastercard the most important factors for scoring this card are its fees and interest.


With the RBC Business Cash Back Mastercard, here’s the rates at which you earn rewards for different spending categories per dollar you spend:

Specific Stores1%
All Other Spend1%

Calculating your annual rewards

We estimate that spending $2,000 per month with the RBC Business Cash Back Mastercard would earn $240 in rewards over the year.

Our performance testing research uses an accurate estimation of the average Canadian households spending patterns to predict the rewards a card will earn.

We found that you’d earn this per category:

All Other Spend$240

Our study investigating the value found that each dollar spent on the RBC Business Cash Back Mastercard is worth up to $0.01, depending on how you redeem.

This $240 in rewards value puts the RBC Business Cash Back Mastercard in the bottom 40% of credit cards in Canada based on rewards earned.

The average credit card in our database earns $337 in rewards for the same spend that the RBC Business Cash Back Mastercard earns $240 in rewards value.

We can compare this card to other options by looking at the earn rate by category.

This earn rate is the percentage return that you would get when you spend on this card, assuming you redeem at the predicted maximum value.

For example, if a card earned 5 points per dollar on gas and each point is worth up to $0.02, then the earn rate is 5 points multiplied by $0.02 each, divided by the dollar you spent.

In this example, that’s a 10% earn rate on gas.

SpendThis CardAverage
Above, we’ve calculated the earn rate for the RBC Business Cash Back Mastercard for every spend category and compared it to the average for all Canadian credit cards.
Redemption methodAnnual rewards
Apply to statement credit$240

For an annual spend of $24,000, we estimated annual rewards value at up to $240.

That’s equivalent to a 1.00% return on spending.

The RBC Business Cash Back Mastercard has an annual fee of $0. After deducting this, we predicted net annual rewards of $240.

This puts it in the bottom 50% of credit cards for net rewards after fees.

In comparison, the average card earns net annual rewards of $254.


The RBC Business Cash Back Mastercard has a $0 annual fee.

The average card charges $85. So, the RBC Business Cash Back Mastercard is in the bottom 50% of cards based on the cost of the annual fee.


We manually review the perks of each credit card to determine how they compare to other cards.

The RBC Business Cash Back Mastercard scored a 1.1 out of 5 for perks, putting it in the bottom 40% of cards.

The average card scores 1.6 out of 5 for perks.

Interest Rates

Cash Advance22.99%
Balance Transfer22.99%

The average (median) credit card has a purchase interest rate of 19.99% and so the RBC Business Cash Back Mastercard charges 1% more than the average.

For cash advances it costs 22.99% compared to the average of 19.96%.

Testing the RBC Business Cash Back Mastercard with a $2,000 starting balance, you can see in the graph how the 1% more in interest rates impacts the interest over a year, compared to the average card.

Insurance coverage

InsuranceThis CardAverage
Extended Warranty1 year1 year
Purchase Protection90 days90 days

We scored it 0.0 out of 5 for insurance.

It offers 2 types of insurance, whereas the average card has 5 types of coverage.

Approval and qualifying

Do I qualify?
Estimated Credit Score760 – 900
Personal Income$0
Household Income$0
Annual Fee$0
Extra Card Fee$0
Card typeMasterCard

We scored it 2.5 out of 5 for approval.

We predict that you will require a credit score of at least 760 to qualify for the RBC Business Cash Back Mastercard, while the average card requires 652 to qualify.

This puts it in the top top 10% of cards by approval difficulty.

The personal income requirements are $0, while the average card requires $23,896.

This puts it in the top 50% of cards by the income required to qualify.

The RBC Business Cash Back Mastercard is a well-rounded credit card option for Canadian business owners who are looking to earn cash back on everyday expenses. This review will discuss the earning potential of the card, four key benefits, two drawbacks, and other relevant information.

Earning potential

 With the RBC Business Cash Back Mastercard, cardholders can earn an unlimited 2% cash back on eligible gas station and office supply store purchases, as well as on recurring bill payments. For all other eligible purchases, cardholders earn 1% cash back.

There are no caps or restrictions on the amount of cash back that can be earned, which is a significant advantage for businesses with substantial expenses or frequent purchases in these categories.


  1. No Annual Fee: The first major advantage of this card is that it has no annual fee. This allows businesses to maximize their cash back earnings without having to worry about offsetting the costs of a yearly fee, making it a budget-friendly option.
  2. Purchase Protection and Extended Warranty: The second major advantage of this card is the purchase protection and extended warranty benefits. With this card, purchases are protected against loss, theft, or damage for up to 90 days from the purchase date.

    Moreover, the card extends the original manufacturer’s warranty by up to one additional year, providing added peace of mind for business owners.
  3. Reward Redemption Flexibility: The third major advantage of this card is its flexibility. Cardholders can redeem their cash back rewards at any time, with no minimum reward threshold required. This means businesses can choose to redeem their rewards to offset specific expenses or simply save them for future use.
  4. Financial Management Tools: The fourth major advantage of this card is the ability to access customized online financial management tools. These tools are designed to help businesses better manage and track their expenses, providing valuable insights for strategic financial planning.


  1. Limited 2% Cash Back Categories: One significant drawback of this card is that the 2% cash back rate only applies to specific categories (gas stations, office supply stores, and recurring bill payments).

    This could limit the earning potential for businesses with diverse spending habits, making it potentially less rewarding for businesses in certain industries or with specific expense profiles.
  2. Absence of Travel Benefits: Another significant drawback is that the card lacks travel-related benefits. This means that business owners who travel frequently may miss out on valuable rewards, perks, and savings typically offered by other business credit cards with an emphasis on travel.

Additional information

In conclusion, the RBC Business Cash Back Mastercard is a solid option for Canadian business owners seeking a simple and effective cash back rewards credit card with no annual fee.

While the lack of travel benefits and the limited 2% cash back categories may not suit all business needs, this card still offers a competitive cash back rate on everyday spending and useful features for managing expenses.

Interested in other credit cards? If the RBC Business Cash Back Mastercard credit card isn’t perfect for you, you might want to consider the CIBC bizline Visa Card for Small Business. Plus, many Canadian’s that like the RBC Business Cash Back Mastercard like the BMO World Elite Business Mastercard, and the RBC Avion Visa Infinite Business.


The RBC Business Cash Back Mastercard credit card allows cardholders to redeem points for cash back, which is applied directly as a credit to the account balance.

This cash back feature provides flexibility, allowing users to redeem rewards for their preferred purposes, such as reducing business operating expenses, investing in new capital, rewarding employee performances, or simply improving their company’s bottom line.

The RBC Business Cash Back Mastercard credit card charges a foreign transaction fee of 2.5% on all purchases made in a foreign currency. This applies both to transactions made outside of Canada and online purchases made in a foreign currency.

It is essential to consider these fees when using the card for international transactions, as they can add up and impact your overall cash back rewards.

The RBC Business Cash Back Mastercard credit card does not have a minimum personal or business income requirement for eligibility. This makes it accessible to a wide range of businesses, regardless of their revenue levels.

Key benefits

  • Mastercard network acceptance worldwide
  • 19.99% annual interest rate on purchases
  • 22.99% annual interest rate on cash advances
  • Interest-free grace period of 21 days on purchases
  • Cardlock feature to temporarily block transactions
  • RBC Online Banking and RBC Mobile App integrations
  • Liability waiver program for unauthorized employee purchases
  • Zero liability protection for fraudulent charges
  • Optional Add-Ons: Overdraft and Balance Protection Insurance

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