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Our round-up of the best RBC credit cards in Canada.

The Royal Canadian Bank (RBC) has been a trusted Canadian financial institution since 1864. With locations all over Canada the world, many Canadians look to RBC for their banking, investing, and credit card needs. If you bank with RBC, you may already be familiar with their credit card lineup, which offers everything from rewards to cash back cards. Whether you’re just starting out with your first card or you’re an experienced points collector, RBC has a card to fit your lifestyle and preferences.

The Best RBC Credit Cards in Canada

Credit CardBest ForMore Info
RBC Cash Back MastercardBest For Cash BackRead More
Signature RBC Rewards Visa CardBest For RewardsRead More
RBC Cash Back Preferred World Elite World MasterCardBest For PerksRead More

Best For Cash Back: The RBC Cash Back Mastercard

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Everybody loves getting cash back as a reward—it can be a satisfying feeling to get a little bit back whenever you make a purchase. With the RBC Cash Back Mastercard, you get 2% cash back on groceries up to $6,000 in grocery spend, and 1% thereafter.  Also, get 0.5% cash back on all other card purchases – including pre-authorized payments (such as bills) – until $6,000 is spent. After that, you get 1% unlimited cash back on card purchases, with no cap on how much you can earn.

This is a great card if you typically spend a lot on groceries and want a no-fuss, no-fee cash back card. You’ll also get 90-day purchase security and extended warranty protection (up to one year longer) as part of the package. However, if you’re looking for a card with perks or premium insurance and don’t mind paying an annual fee, you might want to check out the RBC Cash Back Preferred World Elite World Mastercard, which offers more perks.

The Details:

  • Annual Fee: $0
  • Minimum Income Eligibility: N/A
  • Credit Score Required: Good
  • Rewards: Earn 2% cash back on groceries and up to 1% cash back on all other qualifying purchases and pre-authorized payments
  • Additional Perks: Purchase security and extended warranty protection, savings of 3¢ per litre on fuel at Petro Canada, and 20% more Petro Points when you link your Petro Points with your RBC card
  • Purchase APR: 19.99%| Cash Advance APR: 22.99%

Learn more about the RBC Cash Back Mastercard

Best For Rewards: The Signature RBC Rewards Visa Card

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Although the annual fee is incredibly low, the Signature RBC Rewards Visa Card lets you earn rewards as if you were paying a premium. You can quickly earn RBC Rewards points at a rate of 1 point per $1, but you can earn bonus points by spending with your card at certain retailers. RBC Rewards points can be redeemed for all sorts of things, including gift cards, merchandise, travel rewards, and RBC Financial vouchers. You can even use points to pay down your credit card balance, pay bills, make loan repayments, or contribute to select investment products.

Travel accident and rental car coverage are included with your card, but if you think you’ll need more insurance, you can always purchase optional extra coverage for an additional fee. By the way, the annual fee of $39 is waived for RBC Signature No Limit Banking® clients and students with an applicable bank account.

The Details:

  • Annual Fee: $39 (No fee for students with an applicable bank account and RBC Signature No Limit Banking® clients)
  • Minimum Income Eligibility: N/A
  • Credit Score Required: Good
  • Rewards: Earn 1 RBC Rewards point for every $1 spent on qualifying purchases and earn bonus points through card purchases at selected retailers.
  • Additional Perks: Purchase security and extended warranty protection, insurance benefits, savings of 3¢ per litre on fuel at Petro Canada and 20% more Petro Points and 20% more RBC Rewards points when you link your Petro Points with your RBC card
  • Purchase APR: 19.99% | Cash Advance APR: 22.99%

Learn more about the Signature RBC Rewards Visa Card

Best For Perks: The RBC Cash Back Preferred World Elite Mastercard

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The RBC Cash Back Preferred World Elite Mastercard comes with a lot of the perks consumers are used to seeing at the World Elite level, such as premium purchase security (up to 120 days), extended warranty, and premium car rental insurance. However, one of the more interesting perks of this card is the complimentary Boingo‡ Wi-Fi account, which means the struggle to access airport Wi-Fi is over. It offers complimentary out-of-home mobile internet access at over 1 million hotspots worldwide and on select airlines with Boingo.

The cash back earn rate of 1.5% is pretty average; there are other cash back credit cards that will give you a better return on your spending. However, when you pair the earn rate with the perks of this card, it becomes a very attractive package indeed.

The Details:

  • Annual Fee: $99, no fee ($0 annual fee) for additional cardholders
  • Minimum Income Eligibility:Personal $80,000 or household $150,000
  • Credit Score Required: Good
  • Rewards: Earn up to 1.5% unlimited cash back on your spending
  • Additional Perks: Offers from apps and subscription services, such as Ritual; Mastercard Airport Experiences provided by LoungeKey  savings of 3¢ per litre on fuel at Petro Canada and 20% more Petro Points when you link your Petro Points with your RBC card
  • Purchase APR: 19.99%| Cash Advance APR: 22.99%

Learn more about the RBC Cash Back Preferred World Elite Mastercard

Comparing the Best RBC Credit Cards in Canada

Credit CardAnnual FeeMore Info
RBC Cash Back Mastercard$0Visit Site
Signature RBC Rewards Visa Card$39

($0 for students with an applicable bank account and RBC Signature No Limit Banking® clients)
Visit Site
RBC Cash Back Preferred World Elite World Mastercard$99Visit Site

The Verdict: Which RBC Credit Card is Best?

When it comes down to it, everyone always wants to know which credit card is the “best” card. However, the answer depends on a large number of factors, such as whether or not you are willing to pay an annual fee and what kind of rewards you want.

To find out which RBC card works for your lifestyle, start by taking stock of your lifestyle and spending habits. You can also use multiple cards to maximize your earnings. For example, use the RBC Cash Back MasterCard to pay for your groceries, since you get a return of 2% on purchases in that category. Since all other purchases you make with that card earn you 1% cash back, you could sign up for an additional credit card for groceries. It ensures that no matter where you spend or which card you use, you’re always getting the highest percentage of cash back possible.

Still deciding about what credit card is best for you? Compare the options and check out The Best Credit Cards in Canada.

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