$99 Annual fee 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 no welcome offer on the RBC® Cash Back Preferred World Elite Mastercard.
The annual fee is $99†, with free supplementary cards†.
Earning Rewards
The RBC® Cash Back Mastercard earns 1.5% cash back† on all qualifying purchases up to $25,000 spent, equivalent 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†.
It also includes a 3¢/L saving on fuel at Petro-Canada, along with earning 20% more Petro-Points†.
Furthermore, you’ll also have free Boingo Wi-Fi† as long as you remain a cardmember.
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 does offer 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 90 days of purchase†, and an extended warranty that doubles the manufacturer’s up to one year†.