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Mr. Loonie
RBC® Business Cash Back Mastercard

RBC® Business Cash Back Mastercard

7.6
Good
Expert Score · 1 review How we score

Best for: Small businesses that want simple cash back with no annual fee

Your spending a month
What’s in each?
Solo:
Office supplies $100, shipping $50, phone and internet $150, software $150, online ads $200, gas $250, restaurants $200, travel $250, everything else (base rate) $1,050, foreign currency $100
Small team:
Office supplies $250, shipping $200, phone and internet $300, software $400, online ads $600, gas $500, restaurants $400, travel $400, everything else (base rate) $2,650, foreign currency $300
Growing:
Office supplies $500, shipping $600, phone and internet $600, software $1,000, online ads $2,000, gas $1,000, restaurants $800, travel $1,200, everything else (base rate) $6,300, foreign currency $1,000
Every year
$560

Ranked #20 of 27 business cards for year one. See the list

See how we worked it out
Annual fee
None
Apply now on RBC’s site (opens in a new tab)
We may get paid if you apply through this link. It never changes our score.

Have this card?

Details from RBC’s site. Banks can update terms at any time, so give them a quick look before you apply. Source

What you’d earn Can I get it? Fees Similar cards
From the numbers

The good and the bad

Stands out

  • Good: No annual fee It costs nothing to keep.

Watch for

  • Watch for: 2.5% on foreign purchases Use a no foreign fee card when you travel.

Worked out from the card’s rates and fees.

Show your work

What you’d earn

With small team spending of $6,000 a month.

  • Office supplies $30
    1% back $250 a month · $30 a year
  • Shipping $24
    1% back $200 a month · $24 a year
  • Phone and internet $36
    1% back $300 a month · $36 a year
  • Software $48
    1% back $400 a month · $48 a year
  • Online ads $72
    1% back $600 a month · $72 a year
  • Gas $60
    1% back $500 a month · $60 a year
  • Restaurants $48
    1% back $400 a month · $48 a year
  • Travel $48
    1% back $400 a month · $48 a year
  • Everything else $284
    1% back $2,650 a month · $284 a year
  • Foreign currency $0
    1% back $300 a month · $0 a year
For you Year one Later years
Cash back you earn $650 $650
Annual fee $0 $0
Foreign currency fee2.5% on $3,600 a year −$90 −$90
Total $560 $560

Rows are rounded to the dollar.

What counts in each category
Everything else (base rate)
1% back Up to $65,000 in spending per year.

These are example budgets to compare cards side by side, not averages. Your own spending will give a different number.

Checked on Nov 8, 2026. Source

Before you apply

Can I get it?

  • Age 18 or older 19 or older in BC, NB, NL, NS and the territories
  • Where you live Canada
  • Credit score No minimum on record Most banks don’t publish one, and we don’t guess.

Mr. Loonie’s tip Each application shows up on your credit file. Leave a few months between card applications.

What critics say

Other reviewers on this card

7.6
Good
Expert Score How we score
  • My Rate Compass (opens in a new tab) Aug 2020
    8

    “A simple cashback card for business owners with no annual fee. Earn 2% cash back on all purchases during the first 3 months and 1% cash back thereafter. Maximum cash back per year is $650—receive a statement credit every January or anytime you’ve accumulated at least $25. The RBC Business Cash Back Mastercard includes purchase security and extended warranty.”

What cardholders say

Ratings from people with this card

No ratings yet. If you have this card, tell others what it’s like.

Applied and weren’t approved?

Insurance and perks

What comes with it

  • Extended warranty Included
  • Purchase protection Included
  • Mobile wallets Samsung Pay
Coverage limits

We haven’t recorded the coverage limits for this card yet. Read RBC’s insurance certificate before you count on any coverage.

Not included

Not listed for this card: travel medical, trip cancellation, trip interruption, flight delay, lost baggage, car rental damage and mobile device.

Fees and interest

What it costs

Annual fee
None
Purchase interest
19.99%
Cash advance interest
22.99%
Foreign currency fee
2.5%
All fees and rates

Fees

Extra cards
None
Cash advance fee
$3.50, $5.00 fee for cash advances outside of Canada.
Balance transfer fee
3%, Maximum
Over-limit fee
$29
Late payment fee
None
Source
Issuer page

Interest rates

Balance transfer interest
22.99%
Source
Issuer page

Read the card terms and conditions for the full terms.

Checked on Nov 8, 2026. Source

Before you decide

Similar cards for the same spending

With small team spending. This card: $560 year one, $560 every year after.

See all cards ranked for your spending

Some of these links pay us when you apply, at no extra cost to you. Most don’t, and pay never changes our score. How we make money

Common questions

Questions people ask

What is the annual fee on the RBC® Business Cash Back Mastercard?

There is no annual fee.

Does it charge a foreign transaction fee?

Yes, 2.5% on purchases in other currencies.

What is the interest rate?

19.99% on purchases. Cash advances are 22.99%.

Does it include insurance?

It lists extended warranty and purchase protection. Read the insurance certificate for the limits.

Rates, fees and offers come from the card issuers and change often. We work to keep this page accurate and current, but it may contain mistakes, so always check the issuer’s terms before you apply. This page is general information and isn’t financial advice.

Spot something wrong? We’ll check it with the bank. Suggest a correction

Card names, logos and trademarks belong to their owners. No issuer wrote, paid for or approved what we say about this card. Our scores and opinions are our own.

Mr. Loonie is independent and supported by affiliate links. We may earn a commission when you apply through some links, at no cost to you. How we make money

$560
a year for you
Apply now on RBC’s site (opens in a new tab)
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