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^†. 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^†. 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^†.