RBC® Cash Back Preferred World Elite Mastercard

Last updated: March 10, 2025
  • $99 annual fee
Annual fee:
$99
Interest rates:
20.99% purchases
22.99% cash advances (21.99% QC)
22.99% balance transfers (21.99% QC)
Earning rate:
1.5% cash back on all qualifying purchases up to $25,000 spent†
1% cash back on qualifying purchases over $25,000†
Insurance:
Poor

The RBC® Cash Back Preferred World Elite Mastercard is marketed as as premium cash back card, with a simple earning structure for those who want a decent return on their spending without having to concern themselves with bonus categories.

Bonuses & Fees

Currently, there is an elevated welcome offer available on the RBC® Cash Back Preferred World Elite Mastercard, through which you can get 12% cash back for the first three months on up to $2,000 in total purchases^.

If you were to max out this offer, you’d earn $240 cash back.

This offer is valid through August 26, 2025, so be sure to apply before then if you’re interested.

The annual fee is $99, with free supplementary cards.

Earning Rewards

Aside from the welcome bonus, the RBC® Cash Back Preferred World Elite Mastercard earns 1.5% cash back on all qualifying purchases up to $25,000 spent, equivalent to up to $375 back. After $25,000, it earns 1% cash back on all qualifying purchases in perpetuity.

Redeeming Rewards

There are two ways to redeem RBC® cash back:

  • Upon reaching a cash back balance of at least $25, call RBC® (1-800-769-2512) to credit the entire amount to your account
  • Automatically credited every January and appears on February statement

Perks & Benefits

The RBC® Cash Back Preferred World Elite Mastercard does include a few interesting benefits, including 12 months of free DashPass from DoorDash.

This includes unlimited deliveries with $0 delivery fees on orders of $15 or more when you pay with your eligible RBC credit card.

It also includes a 3¢/L saving on fuel at Petro-Canada, along with earning 20% more Petro-Points.

As a World Elite product, you also have access to Boingo Wi-Fi at over one million hotspots worldwide.†

Finally, you can earn 50 Be Well points for every $1 spent on eligible products at Rexall, as well as a have an improved redeeming ratio of 25,000 Be Well points = $10.

Insurance Coverage

The RBC® Cash Back Preferred World Elite Mastercard card offers basic insurance coverage, which is below par for a World Elite card.

There is car rental insurance for cars with an MSRP of no more than $65,000, as well as purchase security against accidental damage within 120 days of purchase, and an extended warranty that triples the manufacturer’s original Canadian warranty up to two years.

Legal Disclaimers

Apply Now

As a World Elite product, this credit card has a minimum personal annual income requirement of $80,000 or a minimum household income of $150,000 to be eligible.

Refer to RBC® page for up to date offer terms and conditions.

1 Comment
  1. Peter Vlowianitis

    Credit card companies must have the best lawyers on their payroll because the methods used to advertise any given card are SO deceitful. Example: airport lounge pass to over 2300 lounges. PASS is the key word which implies FREE ENTRY but there IS an entry fee per member AND per guest. If 4 people enter a lounge and pay $32 each they’re better off to eat a $32 meal at any decent restaurant!!!

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