$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 jack-of-all-trades card in their pocket.
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 offered.
Please see the RBC site for more details on offers.
Earning Rewards
The RBC Cash Back Mastercard earns 1.5% cash back on all purchases up to $25,000 spent, equivalent to $375 back. After $25,000, it earns 1% cash back on all 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 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 host of 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 Recall, 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 premium card offering.
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.