RBC Cash Back Preferred World Elite Mastercard

Last updated: July 1, 2022
  • $99 Annual fee
Annual fee:
$99
Earning rate:
1.5% cash back on all purchases up to $25,000 spent
1% cash back on purchases over $25,000
Insurance:
Basic

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.

Apply Now

As a World Elite product, the BMO CashBack World Elite Mastercard has a minimum annual income requirement of $80,000 (individual) or $150,000 (household).

Follow the below link to the RBC website to learn more about this card and submit an application.

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