The RBC® Business Cash Back Mastercard‡ is a perfect blend of rewards and flexibility for business owners. With no annual fee, 1% cash back on everyday purchases, and additional perks like fuel discounts and delivery fee waivers, this card ensures that your business finances work smarter for you. Designed with simplicity and efficiency in mind, it’s an ideal financial tool for entrepreneurs looking to save more and reinvest directly into their operations.

Whether you’re a seasoned entrepreneur or just starting, the RBC Business Cash Back Mastercard provides unparalleled benefits that help you manage expenses while building your business credit profile. This card offers a seamless way to save money and gain financial freedom, empowering you to focus on what matters most—growing your business.

Everything you need to know about the RBC Business Cash Back Mastercard

How does the annual fee work?

One of the standout features of the RBC Business Cash Back Mastercard is its no annual fee. For small and medium-sized businesses, cutting down on unnecessary expenses is crucial, and this card delivers just that. With no recurring cost to maintain the card, all the savings and rewards you earn go straight back to your bottom line.

Many credit cards charge annual fees that can significantly reduce the value of their benefits. With the RBC Business Cash Back Mastercard, you don’t need to worry about paying extra to access its perks. This ensures that your cash-back rewards remain untouched by additional fees, making it a cost-effective option for any business owner.

How is the credit limit determined?

The credit limit for the RBC Business Cash Back Mastercard is tailored to your business’s financial profile. During the application process, RBC evaluates factors like your business’s credit history, revenue, and overall financial health to set a limit that meets your needs.

Unlike prepaid cards, where limits are dictated by the amount deposited, the RBC Business Cash Back Mastercard provides a pre-approved limit based on your business’s creditworthiness. This gives you the freedom to make larger purchases or cover unexpected expenses without the need for upfront deposits. For new businesses, it’s also a great way to build a credit history under the business name, enhancing future financial opportunities.

Advantages of the RBC Business Cash Back Mastercard

The RBC Business Cash Back Mastercard offers a wide array of benefits that make it a smart choice for business owners. Here’s a detailed look at its advantages:

• Generous cash-back rewards: Earn 2% cash back on purchases made during the first three months and 1% thereafter. These rewards can quickly add up, especially for businesses with significant expenses.
• No annual fee: Keep your costs low while enjoying premium benefits.
• Fuel savings: Save 3¢ per liter on fuel and earn 20% more Petro-Points at Petro-Canada locations when you link your card.
• Flexible redemption: Redeem your cash-back balance once it reaches $25 or let it automatically apply to your account every January.
• Exclusive DoorDash benefits: Enjoy a three-month complimentary DashPass subscription, giving you $0 delivery fees on orders over $15.
• Easy Savings‡ Program: Automatically get rebates on purchases from participating merchants, helping your business cut costs even further.
• No additional card fees: Add one supplementary card for free, making it easy to share purchasing power with a trusted employee or partner.
• Enhanced security: Features like credit card lock, fraud prevention, and purchase protection ensure your transactions are safe.

A standout advantage: cash-back rewards

The highlight of the RBC Business Cash Back Mastercard is its cash-back rewards program. For the first three months, you’ll earn 2% cash back on all eligible purchases—a significant advantage for businesses making large initial investments. After this promotional period, you’ll continue earning 1% cash back on every purchase, ensuring consistent savings on routine expenses.

What makes this feature even more valuable is the flexibility in redeeming rewards. Once your cash-back balance reaches $25, you can apply it directly to your account at any time. This allows you to reinvest your rewards quickly and efficiently, whether it’s for purchasing supplies, paying bills, or growing your business.

Disadvantages of the RBC Business Cash Back Mastercard

While the RBC Business Cash Back Mastercard offers many benefits, it’s not without its drawbacks. Here are a few potential downsides:

• Higher interest rates: With a purchase rate of 19.99% and a cash advance rate of 22.99%, carrying a balance can become costly.
• Limited additional cards: Only one supplementary card is available, which may not suffice for larger teams.
• No travel rewards: If your business requires frequent travel, you might miss out on travel points or airline benefits.

A notable drawback: limited supplementary cards

One limitation of the RBC Business Cash Back Mastercard is the restriction on additional cards. Businesses with multiple employees who need access to credit may find this feature limiting, as only one additional card is allowed. While this helps simplify management, it may not be suitable for larger teams that require broader access to business credit.

Who is eligible to apply for the RBC Business Cash Back Mastercard?

To qualify for the RBC Business Cash Back Mastercard, you must meet specific criteria:

• Be the owner or an authorized representative of a registered business.
• Be at least 18 years old.
• Have a valid Social Insurance Number (SIN) or Business Number (BN).
• Maintain a good credit score.

The card is best suited for established businesses with a stable credit history. It’s not specifically designed for those with poor credit or no credit history, so new business owners or those with limited financial records may face challenges during the application process.

How to apply for the RBC Business Cash Back Mastercard

RBC offers multiple ways to apply for the Business Cash Back Mastercard, making it easy to start enjoying its benefits. Whether you prefer applying online, through the app, or in person, the process is straightforward.

Through the website

• Visit the official RBC website and navigate to the Business Cash Back Mastercard page.
• Click on Apply Now to access the application form.
• Fill out the required information, including details about your business and finances.
• Submit the application and wait for approval, which typically takes a few business days.

Through the app

• Download the RBC Mobile app and log in with your credentials.
• Go to the credit card section and select the Business Cash Back Mastercard.
• Complete the application process by providing the necessary information.

At a branch

• Visit your nearest RBC branch and speak with a business advisor.
• Provide all necessary documents, such as business registration and financial statements.
• The advisor will guide you through the application process and submit it on your behalf.

No matter which method you choose, RBC’s support team is available to assist you at every step, ensuring a seamless application experience.