Although a few the modifications could irk cardholders (one of many playing cards’ annual charge will go up by $21), the advantages are getting a critical facelift that’ll be a web optimistic to most. Beginning later this 12 months, RBC Money Again Most popular World Elite Mastercard and RBC Money Again Mastercard cardholders may have new methods to earn money again, with extra versatile redemption and no spend cap on incomes money again, amongst different issues.
At a look, you may count on the next modifications:
RBC Money Again Most popular World Elite Mastercard
Modifications to the RBC Money Again Most popular World Elite® Mastercard® — supply: RBC, “Updates to RBC Money Again Credit score Playing cards”
Efficient October 1, 2026
| What’s altering | Present | New |
|---|---|---|
| Annual charge | $99 | $120 |
| Further (supplementary) cardholder charge | $0 | $50 per extra card |
| Buy rate of interest (APR)* | 20.99% | 21.99% |
| Money again – groceries, eating, eating places & meals supply | As much as 1.5% | 3%, limitless |
| Money again – fuel, EV charging, public transit & rideshare | As much as 1.5% | 3%, limitless |
| Money again – streaming & digital gaming (new class) | As much as 1.5% | 3%, limitless |
| Money again – all different purchases | As much as 1.5% | 1%, limitless |
| Annual spending cap on money again incomes | Bonus fee utilized on first $25,000/yr in purchases; 1% earned above that | No cap — full fee applies to each eligible buy |
| Insurance coverage protection | Not included | Provides Out of Province/Nation Emergency Medical Insurance coverage, Flight Delay & Delayed Baggage Insurance coverage, and Cell System Insurance coverage |
Efficient December 2, 2026
| What’s altering | Present | New |
|---|---|---|
| Minimal redemption quantity | $25 | $1 |
| How you can redeem | By cellphone solely | On-line Banking, RBC Cell app, or by cellphone |
| Redemption timing | Money again mechanically redeemed yearly, in December | Redeem anytime, in any quantity above the $1 minimal — no automated annual redemption |
| Choose-out choice | — | Cardholders can shut the account or swap to a different RBC bank card for gratis, penalty, or cancellation indemnity by notifying RBC earlier than Dec 30, 2026 |
*The brand new buy rate of interest takes impact on the primary day of the cardholder’s assertion interval starting on or after October 1, 2026. Particulars mirror RBC’s official replace discover as of August 21, 2026; affirm present phrases at
rbcroyalbank.com earlier than publishing, as issuers can revise phrases.
RBC Money Again Mastercard
Modifications to the RBC Money Again® Mastercard® (no annual charge card) — supply: RBC, “Updates to RBC Money Again Credit score Playing cards”
Efficient October 1, 2026
| What’s altering | Present | New |
|---|---|---|
| Buy rate of interest (APR)* | 20.99% | 21.99% |
| Money again – groceries | 2% on the primary $6,000/yr, then 1% after | 2%, limitless |
| Money again – fuel, EV charging, public transit & rideshare (new devoted class) | Counted as “different purchases”: 0.5% on the primary $6,000/yr, then 1% after | 1%, limitless |
| Money again – all different purchases | 0.5% on the primary $6,000/yr, then 1% after | 0.5%, limitless |
| Annual spending cap on money again incomes | Bonus fee utilized on first $6,000/yr per class; fee modifications above that | No cap — full fee applies to each eligible buy |
Efficient December 2, 2026
| What’s altering | Present | New |
|---|---|---|
| Minimal redemption quantity | $25 | $1 |
| How you can redeem | By cellphone solely | On-line Banking, RBC Cell app, or by cellphone |
| Redemption timing | Money again mechanically redeemed yearly, in December | Redeem anytime, in any quantity above the $1 minimal — no automated annual redemption |
| Choose-out choice | — | Cardholders can shut the account or swap to a different RBC bank card for gratis, penalty, or cancellation indemnity by notifying RBC earlier than Dec 30, 2026 |
*The brand new buy rate of interest takes impact on the primary day of the cardholder’s assertion interval starting on or after October 1, 2026. The annual charge ($0) and insurance coverage advantages (Buy Safety & Prolonged Guarantee Insurance coverage) will not be altering for this card. Particulars mirror RBC’s official replace discover as of August 21, 2026; affirm present phrases at
rbcroyalbank.com earlier than publishing, as issuers can revise phrases.
What else ought to I find out about these RBC money again Mastercard choices?
The RBC announcement comes days after Scotiabank informed clients it can lower cash back rates for rent and tax payment in the Scotia Momentum lineup in October, leaving many disenchanted, confused, and dashing to social media to complain and ask questions.
In on-line discussions, money again hunters are questioning if RBC’s accelerated grocery money again fee applies to Costco purchases. “This may be the one cause I’d contemplate choosing this up,” one particular person said on the Private Finance Canada subreddit. Sadly, it’s not the case.
In case you’re on the lookout for grocery buying advantages, RBC specifies that it doesn’t classify Costco and Walmart as conventional grocery shops, however as warehouse golf equipment. This implies the accelerated 2% grocery money again gained’t apply, and also you’ll earn 0.5% money again beginning October 1. This can be a loss for many who store for groceries at Walmart and Costco regularly, as a result of underneath the present coverage, you get 0.5% additional cash again within the “on a regular basis purchases” class on each playing cards.
There will probably be no modifications to RBC associate perks and financial savings for both card. In accordance with RBC, perks embody your capability to:
- Save 3¢/L saving gas and earn 20% extra Petro-Factors once you pay with an eligible linked RBC Credit score Card
- Get 3x Canadian Tire Cash once you hyperlink your eligible RBC card to your Triangle Rewards account, scan your Triangle Rewards card and pay together with your linked RBC card
- Hyperlink your RBC Credit score Card and earn 50 Be Properly™ factors on each $1 spent on eligible purchases at Rexall
- Add your RBC Credit score Card to your DoorDash account and get a free 12 month DashPass subscription
For the RBC Money Again Most popular World Elite Mastercard, you’ll proceed to:
- Get unique entry to The Mastercard Assortment, expertise distinctive world entry to eating, leisure and journey advantages
- Store, dine and chill out with companions to obtain Mastercard Journey Rewards money again presents, utilizing your RBC Money Again Most popular World Elite Mastercard once you journey exterior Canada
- Get pleasure from Mastercard Journey Move offered by Dragon Move Membership, which provides you entry to 1,300+ airport lounges worldwide, and entry to unique presents from luxurious retailers
The upcoming modifications will not be value it to each cardholder. You possibly can cancel your bank card with out price, penalty or cancellation indemnity by notifying RBC earlier than December 30, 2026, and by paying the whole quantity you owe in your bank card account.
“In case you really feel the improved product isn’t best for you, you could have the choice to modify to a different RBC bank card product. This may be completed by way of your On-line Banking or Cell Banking portal, or by contacting an advisor at 1-800-769-2512,” RBC advises on its FAQ web page.
In case you’re searching for a bank card that most closely fits your wants, try Ratehub’s CardFinder.
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