Managing business expenses can be a tricky balancing act, but the RBC Business Cash Back Mastercard makes it easier—and more rewarding. With no annual fee and cash back on every purchase, this card ensures that every dollar spent helps your business grow.
Whether you’re investing in supplies, paying for services, or managing everyday transactions, this card gives you the flexibility and financial benefits you need without unnecessary costs. Unlike many business credit cards that focus on points, this one puts actual money back in your pocket.
Main features of the RBC Business Cash Back Mastercard
Issued by Royal Bank of Canada (RBC), the RBC Business Cash Back Mastercard is tailored specifically for business owners looking for a cost-effective way to manage spending while earning rewards. Unlike personal credit cards, this one is structured to help build credit under your business’s name, making it an ideal choice for startups and small business owners aiming to strengthen their financial profile.
This card is best suited for entrepreneurs who prefer cash rewards over complicated point systems. Whether you run a small online store, a consulting firm, or a service-based company, this card offers a straightforward way to earn cash back on purchases that are essential to business growth.
Understanding the annual fee
One of the biggest advantages of this card is that it comes with a $0 annual fee—a rarity among business credit cards. Many business credit cards charge an annual fee in exchange for rewards or benefits, but RBC eliminates this cost entirely, allowing you to maximize your business’s savings.
Not only is the primary card free, but you can also get one additional card at no extra cost, making it a great option for small teams or business partners who need shared access to a company credit line. This means you can issue a card to a trusted employee or co-founder without worrying about extra fees, ensuring that business expenses remain consolidated and easy to track.
Deciphering credit limits
RBC takes a personalized approach when determining the credit limit for the Business Cash Back Mastercard. Instead of offering a fixed credit line, the bank evaluates multiple factors to assign a limit that aligns with your business’s financial health and spending needs.
Your business’s revenue, transaction history, and credit profile all play a role in this decision. If your company has an established financial track record, RBC is more likely to approve a higher credit limit. However, newer businesses or those with limited credit history may receive a lower initial limit, with opportunities for increases over time.
Another crucial factor is your personal credit score. While the card is designed for business use, your personal financial standing still plays a role in the approval process, especially if your business is newly established. Over time, consistent payments and responsible usage can lead to higher credit limits, giving your business more financial flexibility.
Advantages of the RBC Business Cash Back Mastercard
- Cash Back Rewards – Earn 2% cash back in the first three months and 1% after that on all purchases.
- Fuel Discounts – Save 3¢ per liter at Petro-Canada and earn 20% more Petro-Points when you link your RBC card.
- Zero Annual Fee – No cost to keep the card, ensuring maximum savings for your business.
- Fraud Protection – Zero Liability Policy ensures you’re protected from unauthorized transactions.
- Purchase Security & Extended Warranty – Eligible purchases are covered against theft or damage for 90 days and have warranty extensions of up to one additional year.
- DoorDash Perk – Get three months of free DashPass for $0 delivery fees on qualifying orders.
- Mastercard Easy Savings Program – Enjoy automatic merchant rebates on business-related purchases.
Standout advantage
The biggest advantage of this card is its unlimited cash back potential without annual fees. Many business credit cards require an annual membership fee in exchange for rewards, but this one lets you keep 100% of what you earn. For small business owners, this means every dollar spent turns into a direct financial advantage, without the headache of tracking points or redeeming rewards.
Addressing potential drawbacks
- Limited Additional Cards – You can only request one extra card, which may not be ideal for businesses with multiple employees handling expenses.
- No Premium Travel Benefits – Unlike other business credit cards, this one doesn’t offer perks like airport lounge access or travel insurance.
- Cash Back Cap – The annual cash back cap is $650, which could be limiting for high-spending businesses.
Standout disadvantage
For business owners who frequently travel for work, this card’s lack of premium travel perks can be a downside. While some competitors offer airport lounge access, free checked bags, or hotel discounts, RBC Business Cash Back Mastercard focuses purely on cash back and everyday business spending.
Eligibility criteria
This card is open to Canadian business owners, including sole proprietors, partnerships, and incorporated businesses. Applicants must be at least 18 years old, have a valid Canadian address, and provide business-related financial details such as income and expected spending. A good personal credit score is also an advantage for approval.
How to apply for the RBC Business Cash Back Mastercard
Applying for this card is a simple and fast process, designed to accommodate busy entrepreneurs. Whether you prefer handling applications online, via mobile, or in person, RBC offers multiple channels to suit your convenience. Plus, with a straightforward approval process, you can get your card quickly and start leveraging its benefits without delay.
Via website
The fastest way to apply is through the RBC website. Simply visit the RBC Business Cash Back Mastercard page, fill out the application form, and submit your business details. Approvals are often processed quickly, and once approved, your card is mailed directly to you.
Through the mobile application
For those who prefer mobile banking, the RBC Mobile App offers a seamless application process. After logging in, you can navigate to the credit card section, select the RBC Business Cash Back Mastercard, and apply in just a few taps. The app also allows for real-time tracking of your application status.
Through the store/branch
If you prefer a face-to-face experience, you can apply at any RBC branch. A business banking specialist will guide you through the process, answer questions, and help you tailor your card benefits to your needs. This option is particularly useful if you need personalized advice on business financing and credit solutions.
