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 constructive to most. Beginning later this yr, RBC Money Again Most well-liked 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 anticipate the next modifications:
RBC Money Again Most well-liked World Elite Mastercard
Modifications to the RBC Money Again Most well-liked 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 price utilized on first $25,000/yr in purchases; 1% earned above that | No cap — full price 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 Machine Insurance coverage |
Efficient December 2, 2026
| What’s altering | Present | New |
|---|---|---|
| Minimal redemption quantity | $25 | $1 |
| The way to redeem | By cellphone solely | On-line Banking, RBC Cell app, or by cellphone |
| Redemption timing | Money again mechanically redeemed annually, in December | Redeem anytime, in any quantity above the $1 minimal — no automated annual redemption |
| Decide-out possibility | — | Cardholders can shut the account or change to a different RBC bank card without charge, 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 replicate RBC’s official replace discover as of August 21, 2026; verify 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 price utilized on first $6,000/yr per class; price modifications above that | No cap — full price applies to each eligible buy |
Efficient December 2, 2026
| What’s altering | Present | New |
|---|---|---|
| Minimal redemption quantity | $25 | $1 |
| The way to redeem | By cellphone solely | On-line Banking, RBC Cell app, or by cellphone |
| Redemption timing | Money again mechanically redeemed annually, in December | Redeem anytime, in any quantity above the $1 minimal — no automated annual redemption |
| Decide-out possibility | — | Cardholders can shut the account or change to a different RBC bank card without charge, 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) usually are not altering for this card. Particulars replicate RBC’s official replace discover as of August 21, 2026; verify 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 instructed prospects it should decrease money again charges for lease and tax cost within the Scotia Momentum lineup in October, leaving many disillusioned, 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 price applies to Costco purchases. “This is able to be the one motive I might contemplate selecting this up,” one individual stated on the Private Finance Canada subreddit. Sadly, it’s not the case.
In case you’re searching for grocery procuring 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 received’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 incessantly, as a result of beneath the present coverage, you get 0.5% more money again within the “on a regular basis purchases” class on each playing cards.
There shall be no modifications to RBC companion perks and financial savings for both card. In keeping with RBC, perks embody your capability to:
- Save 3¢/L saving gas and earn 20% extra Petro-Factors if you pay with an eligible linked RBC Credit score Card
- Get 3x Canadian Tire Cash if 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 Effectively™ 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 well-liked 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 loosen up with companions to obtain Mastercard Journey Rewards money again affords, utilizing your RBC Money Again Most well-liked World Elite Mastercard if you journey exterior Canada
- Take pleasure in Mastercard Journey Cross supplied by Dragon Cross Membership, which supplies you entry to 1,300+ airport lounges worldwide, and entry to unique affords from luxurious retailers
The upcoming modifications might not be price it to each cardholder. You’ll be able to cancel your bank card with out value, penalty or cancellation indemnity by notifying RBC earlier than December 30, 2026, and by paying the entire quantity you owe in your bank card account.
“In case you really feel the improved product isn’t best for you, you’ve the choice to modify to a different RBC bank card product. This may be completed by means 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 purchasing for a bank card that most accurately fits your wants, take a look at Ratehub’s CardFinder.
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