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RBC® Cash Back Preferred World Elite Mastercard

RBC® Cash Back Preferred World Elite Mastercard

Limited Time Offer: Earn 1.75% cash back (up to $437.50 for the 1st 6 months1) on all your spending –big or small

Annual Fee Interest Rate Balance Transfer Cash Advance Credit Score Good: -- I've had a credit card, or loan for 6+ years. I've had good credit for the last 7 years (no bankruptcies or no defaults on credit as a result of failing to pay debts back to creditors). I haven't opened a new credit card account, loan, or line of credit in the last nine months. I've made the minimum payments on my existing credit cards for the past three months. Rewards Are all rewards created equal? From points, to miles, to cash back – how do you know how much you’re really getting? To help you find the best rewards card, we’ve created the Your Reward Return, an estimate on the dollar value of your rewards based on your monthly spend so that you can compare like for like. Now that’s wise thinking!
$99.00 19.99% 22.99% 22.99% Good 1.75% *maximum
  • Card Details Details
  • Our Review Review

Card Details

  • Limited Time Offer: Earn 1.75% cash back (up to $437.50 for the 1st 6 months1) on all your spending –big or small

  • Earn up to 1.5% after the promo period on all your purchases1

  • Get unlimited cash back, no limit to what you can get back*

  • Stay connected with Boingo‡ Wi-Fi at one million hotspots worldwide

  • Premium purchase protection for 120 days2

  • Extended warranty triples the manufacturer's original Canadian warranty2

  • Protect your rental car with Auto Rental collision/Loss Damage Insurance3

Features and Benefits

  • Purchase protection and extended warranty
  • Rental vehicle insurance

RateSupermarket.ca's Review

If you love to shop and spend a lot while doing it, the RBC® Cash Back Preferred World Elite Mastercard‡ is worth a look. This exclusive card boasts 1.5% cash-back on everything you buy, with no limit to the amount of cash-back you can earn! In other words, if you spend $100,000, you will receive $1,500 back. Purchase protection also ensures your new items are safe for up to 120 days.

There is an annual fee of $99 per year, but additional perks provide value for money. For example, if you link this card to a Petro-Points card, you save three cents per litre every time you fill up at a Petro-Canada gas station. Cardmembership also entitles you to a free Boingo WiFi account – very handy if you are a frequent flyer.

Yes, some cash-back cards offer a higher rate of return, but they are usually capped at a maximum amount of cash-back per year. The unlimited earning potential of this card is very exciting if you spend enough to make the most of it.

Earning Potential: Up to $242.27 in cash-back

So, how does this card stack up to other cash-back rewards options? We crunched the numbers using our Best of Finance methodology to see how much you could earn over a 24-month period.

Assuming $1,222.96 is spent on the card monthly, at eligible retailers in the following categories*:


Pharmacy Food Gas
$ 55.33 $ 758.53 $ 155.72**
Travel Other Monthly Total
$ 151.21 $ 102.17 $ 1,222.96


Cash-back earned over a 24-month period: $440.27.

Total (subtracting annual fee): $242.27

*Source: Statistics Canada – amount spent by average Canadian each month
**Based on $1.00/litre gas prices


Almost $250 in cash-back is not bad for two years of average spending! More than enough to cover groceries for a week or two, or to buy those shoes you've been thinking about.



  • No fee for an additional card. Give one to your spouse or another family member, and their purchases will contribute towards your cash-back rewards!
  • Earn 1.5% cash-back on everything you buy with this card.
  • There is no limit to the amount of cash-back you can earn. Spend lots, earn lots back.
  • Cardholders receive a FREE Boingo WiFi account. Boingo hotspots enable you to access the internet at over one million designated locations worldwide.
  • Tired of fluctuating gas prices? Link your card to a Petro-Points card and enjoy a guaranteed 3c/L savings on fuel. You will also receive 20% more Petro-Points.
  • If you misplace your card, you can lock it instantly through the app.
  • With cardmembership, you automatically receive purchase protection for up to 120 days.
  • Rental car insurance is provided at no extra cost.
  • Mastercard Concierge Service offers its members exclusive access to restaurants and events.
  • Cardholders get membership to 800+ airport lounges worldwide (fees apply for lounge access) and exclusive offers from luxury retailers.



  • The $99 annual fee is about average for cash-back cards, but other similarly priced cards do offer a higher rate of return. Be wary of maximum reward-earning limits though. This card is exceptional because it doesn't limit the amount of cash-back you can earn.
  • To be eligible for this card, you must have a minimum personal annual income of $80,000 or a minimum household annual income of $150,000.

Rate, product information and rewards estimate are subject to change at any time and does not constitute financial advice. Please contact supplier for complete details

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