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RBC Cash Back Preferred World Elite Mastercard Review
The Bottom Line
The RBC Cash Back Preferred World Elite Mastercard is a solid choice for those who want flat-rate cash back on all purchases without worrying about specific categories. With a 1.5% cash back rate on the first $25,000 spent annually, it offers competitive rewards. However, its high income requirements and limited insurance coverage may make it less appealing to those who need more comprehensive benefits. Still, for a premium card with a lower-than-average annual fee of $99, it provides decent value for everyday spending.
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Welcome Bonus
12% cashback in the first 3 months, up to $2k spend
Rewards Rate
1% - 1.5% cashback
Cash Back
Annual Fee
$99
Interest Rates
20.99% / 22.99%□
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
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
Eligibility
Credit Score
GoodAnnual Income
$80,000 personal or $150,000 household
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Card Details
Interest Rates
Purchase APR
20.99%
Cash Advance APR
22.99%□
Balance Transfer APR
22.99%
□ Cash advance rate for Quebec residents is 21.99%
Fees
Annual Fee
$99
Additional Cards
$0
Eligibility
Minimum Individual Income
$80,000
Minimum Household Income
$150,000
Credit Score Estimate
Good
Type
Card Type
Credit
Reward Type
Cash Back
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.
Get personalized rewards estimates — see exactly how much you could earn.
RBC Cash Back Preferred World Elite Mastercard Cash Back Calculator
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on RBC's website