Which card is better for groceries, BMO CashBack Mastercard for Business or RBC Student Cash Back Mastercard?

The BMO CashBack Mastercard for Business earns 0.8% on groceries, while the RBC Student Cash Back Mastercard earns 0.5%. The better choice depends on your grocery spending and the specific merchants you shop at.

BMO CashBack Mastercard for Business vs RBC Student Cash Back Mastercard — Which Is Better? | Churnr

Header Quick Take Value Earn Rates Merchants Wallet Bonus FX Benefits Eligibility Perks Downgrade Verdict

BMO CashBack Mastercard for Business wins by $235/yr — strongest in bills & utilities

BMO CashBack Mastercard for Business earns $48 more on bills & utilities
BMO CashBack Mastercard for Business earns $45 more on everything else

Bills & Utilities: +$48Everything Else: +$45Shopping: +$42

BMO CashBack Mastercard for Business: $30/yr in foreign transaction fees

RBC Student Cash Back Mastercard: $30/yr in foreign transaction fees

Showing Year 1 analysis

Dollar Value

Winner

$379

/first year

0.9% effective$32/mo

vs 1% no-fee card: −$40

Annual rewards earned+$409

FX costs−$30

Annual fee−$0

$143

/first year

0.3% effective$12/mo

vs 1% no-fee card: −$275

Annual rewards earned+$173

FX costs−$30

Annual fee−$0

Best for your spendingBMO CashBack Mastercard for Business—$379Year 1 value

+$235 more than RBC Student Cash Back Mastercard

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The Bottom Line

BMO CashBack Mastercard for Business wins by $235/yr — strongest in bills & utilities

BMO CashBack Mastercard for Business earns $48 more on bills & utilities
BMO CashBack Mastercard for Business earns $45 more on everything else

Bills & Utilities: +$48Everything Else: +$45Shopping: +$42

Showing Year 1 analysis

BMO CashBack Mastercard for Business wins in both Year 1 and Year 2+ — consistent long-term value.

Data Sources

Issuer terms & conditions (verified Feb 2026)

Merchant MCC verification (239 merchants)

Insurance certificates (PDF review)

Reward program documentation

User-reported acceptance data

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