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RBC Business Cash Back Mastercard

RBC Business Cash Back Mastercard

Reviewed by Jen, founder of MoneyMint · Updated October 24, 2026

RBC Business Cash Back Mastercard
RBC Royal BankNo Annual Fee / Cash Back

RBC Business Cash Back Mastercard

Our take: a simple no-fee card that pays 1% back on everything (2% for your first three statements), but cash back is capped at $650 a year and you can add only one extra card.

Welcome rate2% cash back on purchases for your first three full monthly statement periods, then 1%. Worth about $62 on a typical budget (our estimate).
Apply on RBC’s site →

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  • Our review

The RBC Business Cash Back Mastercard is RBC’s no-fee cash-back card for small businesses. It pays a flat 1% on purchases, including pre-authorized bill payments, with 2% for your first three months. It’s easy to use, but the $650 yearly cap on cash back and the limit of one additional card make it a better fit for a sole proprietor or a very small team than for a growing business.

2.6out of 5

MoneyMint rating

#14 of 15 business cards · How we rate

Rewards value
3/10
Insurance
4/10
Flexibility
10/10
Welcome bonus
1/10
Fee value
10/10
Perks
0/10

≈ $308

estimated first-year value after the annual fee, on a typical $2,050/month budget. Compare all 15 business cards →

At a Glance

Annual Fee

$0including 1 additional card

Welcome Rate

2% cash backfirst 3 full statement periods

Rewards

1%on all eligible purchases

Rewards Rate

1% on purchases and pre-authorized bills; capped at $650/year

Foreign Transaction Fee

2.5%

Credit Score Needed

Good (est.)

Purchase APR 19.99%

Pros & Cons

Pros

  • No annual fee, and the additional card is free too
  • A flat 1% on everything, including pre-authorized bills, so there are no categories to track
  • 2% for your first three full monthly statement periods
  • You can ask for your cash back any time once you have $25 or more
  • Purchase security and extended warranty included
  • Petro-Canada fuel savings and a free DashPass trial when you link the card

Cons

  • Cash back is capped at $650 a year, which you reach at about $65,000 in spending
  • Only one additional card allowed, so it doesn’t suit businesses with several employees
  • No bonus categories: gas, office supplies and phone bills all earn the same 1%
  • Cash back is paid automatically only once a year, in January, unless you request it
  • 2.5% foreign transaction fee
  • No travel insurance included, and RBC doesn’t publish eligibility criteria

Rewards & Earn Rates

Purchases and pre-authorized bills1% cash back2% for your first 3 full monthly statement periods
Annual cap$650 cash backcombined, per annual period
Doesn’t earnNo cash backcash advances, balance transfers, bill payments that aren’t pre-authorized, interest and fees
Getting paidYearly, or on requestcredited automatically in January (February statement), or ask any time once you have $25+
The $650 cap is the number to check. At 1%, you’d reach it after about $65,000 of card spending in a year, a little sooner in your first year because of the 2% period. If your business puts more than that on a card each year, look for a card without a cap.

Insurance & Extras

  • Purchase security: eligible purchases are covered against theft, loss or damage for 90 days from the purchase date.
  • Extended warranty: doubles the manufacturer’s original Canadian warranty, by up to one extra year.
  • Petro-Canada: save 3¢ a litre on fuel and earn 20% more Petro-Points when you link the card (requires RBC Online Banking for Business).
  • DoorDash: 3 months of DashPass at no cost, then $9.99 a month unless you cancel.
  • Canadian Tire Triangle Rewards: earn 3x CT Money at Canadian Tire, Sport Chek, Mark’s and other partners when you link your Triangle Rewards account.
  • Mastercard Easy Savings: automatic rebates at participating merchants, shown on your statement.
  • Security: lock the card in the RBC Mobile app, and zero liability for fraudulent charges when you’ve taken reasonable care.
There’s no travel medical, trip cancellation or rental car coverage built in. RBC offers optional travel insurance at extra cost.

Who It’s For

Best for

  • Sole proprietors and very small businesses that want a free, simple cash-back card
  • Businesses that pay recurring bills by pre-authorized payment, since those earn too
  • RBC business banking clients who’d use the Petro-Canada savings

Not ideal for

  • Businesses that need cards for several employees
  • Businesses spending more than about $65,000 a year on the card, where the cap stops your earnings
  • Businesses that travel or spend heavily on gas, office supplies or telecom, where other cards earn more
Card NetworkMastercard
Cash Advance APR22.99%
Income RequirementNot published
Additional Cards1, $0
MoneyMint rating2.6 / 5

Apply on RBC’s site →

This link goes directly to RBC Royal Bank’s official page. MoneyMint doesn’t currently have a paid partnership for this card, so this isn’t a monetized recommendation.

+ Compare with other cards

Not Sure? Three Cards People Compare It With

All business cards →

RBC Cash Back Mastercard

RBC Cash Back Mastercard

Pick this instead if you’re a sole proprietor happy to use a personal card and spend a lot on groceries.

Fee $0Rating 3.5 ★Bonus $100

Read review

BMO CashBack Business Mastercard

BMO CashBack Business Mastercard

Pick this instead if you spend a lot on gas, office supplies and phone bills.

Fee $0Rating 2.6 ★Bonus $150

Read review

RBC Avion Visa Business Card

RBC Avion Visa Business Card

Pick this instead if you’d rather earn RBC Avion travel points.

Fee $120Rating 3.4 ★Bonus $320

Read review

Further Reading

2.6MoneyMint rating

RBC Business Cash Back Mastercard

Flat 1% cash back · No annual fee · 2% for your first 3 months

Apply on RBC’s site →Compare business cards

J

Jen, founder of MoneyMint

Reviewed by Jen. Every figure on this page was checked against RBC’s official card page and RBC’s business credit card agreement on October 24, 2026. How we rate cards →

This is general information, not personalized financial advice — consider your own spending habits and consult a professional for decisions specific to your situation. Rates, fees, and offers are set by RBC Royal Bank and can change without notice; always confirm current terms on the issuer’s official page before applying.

Frequently Asked Questions

What is the annual fee for the RBC Business Cash Back Mastercard?

The RBC Business Cash Back Mastercard has no annual fee. You can add one additional card, also at no cost; RBC allows a maximum of one additional card on this account.

How much cash back does the RBC Business Cash Back Mastercard earn?

It earns 1% cash back on net purchases, including pre-authorized bill payments. For the first three full monthly statement periods it earns 2%. Total cash back is capped at $650 per annual period. Cash advances, balance transfers, bill payments that are not pre-authorized, interest and fees do not earn cash back.

Does the RBC Business Cash Back Mastercard have a welcome bonus?

Its welcome offer is a higher earn rate rather than a lump sum: 2% cash back on purchases for your first three full monthly statement periods, then 1%. On a typical spending budget of about $2,050 a month, that extra 1% is worth roughly $62.

When is the cash back paid out?

Cash back is credited to your card account automatically once a year, in January, and shows on your February statement. Once your balance reaches $25 or more, you can also ask RBC to credit it at any time.

Does the RBC Business Cash Back Mastercard charge foreign transaction fees?

Yes. Purchases in a foreign currency are converted at 2.5% over the benchmark exchange rate, according to RBC’s business credit card agreement.