Card Details
Interest Rates
Purchase: 20.99%
Cash Advance: 22.99%□
Balance Transfer: 22.99%
□ Cash advance rate for Quebec residents is 21.99%
Annual Fees
Main Card: $99
Additional Cards: $0
Annual Income
Personal: $80,000
Household: $150,000
Credit Score Estimate
Welcome Bonus
Get 12% cash back for the first 3 months on up to $2,000 in total purchases^. Apply by August 26, 2025.
Our Rating
2.6/5
Institution
RBC
Rewards
- 1.5% cash back on all purchases on the first $25k spent annually
- 1% cash back on all other purchases after spending over $25k annually
Insurance & Benefits
Insurance
Coverage
Purchase Protection
120 days
Extended Warranty
Up to 2 years.svg)
Car Rental Damage & Theft
yes
Benefits
Details
Airport Lounge - Dragon Pass
Access to +1300 Airport lounges with MasterCard DragonPass - complimentary visits not included.svg)
Gas Discount
save 3¢/L on fuel and always earn 20% more Petro-Points at Petro-Canada
Extra points
50 Be Well points for every $1 spent on eligible products at Rexall
Boingo Wi-Fi hotspot
Over 1 million hotspots worldwide
Mastercard On-Demand and Subscription Services
Pros & Cons
Pros
- 1.5% cash back on all purchases up to $25,000 annually.
- Redeem cash back anytime you have at least $25 accumulated.
- Lower annual fee of $99 for a premium card compared to others in the same category.
- RBC credit card benefits, including fuel savings at Petro-Canada and earning bonus Petro-Points.
Cons
- High income requirements: $80,000 personal or $150,000 household.
- Only 1% cash back after spending $25,000 annually.
- Limited insurance coverage compared to other premium cards.
Legal
^This offer only applies to new applications for an RBC Cash Back Preferred World Elite Mastercard credit card received between February 27, 2025 and August 26, 2025 (“Offer Period”) and approved by Royal Bank of Canada (“Royal Bank”), subject to the conditions below. Additional cardholders(s) (co-applicant and authorized user(s)) on the RBC Cash Back Preferred World Elite Mastercard credit card account, as well as existing cardholders on any RBC Royal Bank personal credit card transferring to an RBC Cash Back Preferred World Elite Mastercard credit card during the Offer Period, are not eligible for this offer.
You will earn a total of 12% cash back credit on Net Purchases (“Welcome Bonus”) made with your RBC Cash Back Preferred World Elite Mastercard within the first 3 months from your account open date, up to a maximum of $2,000 in Net Purchases per credit card account (“Offer”) provided that your RBC Cash Back Preferred World Elite Mastercard credit card account (“Credit Card Account”) remains open and in good standing at the time the Welcome points are credited to your account. “Good standing” meaning that your Credit Card Account must not be past due for more than two (2) consecutive credit card account statement periods, closed, charged off or in credit revoked status.
Once you have reached the $2,000 or 3 months from your account open date, you will continue to earn at the standard rate of 1.5% cash back up to a maximum of $25,000 in Net Purchases per Annual Period, and 1% cash back thereafter, unlimited when you pay with your RBC Cash Back Preferred World Elite Mastercard. Cash back credits are earned on net purchases only; they are not earned on cash advances (including balance transfers, cash-like transactions and bill payments that are not pre-authorized charges that you set up with a merchant), interest charges or fees, and credits for returns and adjustments will reduce or cancel the cash back credits earned by the amounts originally charged. Additional cardholders(s) (co-applicant and authorized user(s)) on the RBC Cash Back Preferred World Elite Mastercard credit card account, as well as existing cardholders on any RBC Royal Bank personal credit card transferring to an RBC Cash Back Mastercard credit card during the Offer Period, are not eligible for this offer.