Earning Cash Back
The RBC Cash Back Preferred World Elite Mastercard earns cash back for all purchases made on the card:
- 1.5% cash back on all other purchases (up to $25,000 in spend per calendar year; 1% cash back thereafter).
Redeeming Cash Back
RBC Cash Back Preferred World Elite Mastercard holders who have a minimum cash back balance of $25 will be paid out annually on the February monthly credit card statement.
Benefits
3₵/L Savings at Petro-Canada
Link your RBC Cash Back Preferred World Elite Mastercard with a Petro-Points membership to instantly save 3₵/L on fuel at Petro-Canada stations and earn 20% more Petro-Points.
Earn More Be Well Points at Rexall
Link your RBC Cash Back Preferred World Elite Mastercard with a Rexall Be Well account and get 50 Be Well points for every $1 spent on eligible products at Rexall. Redeem Be Well points faster for savings in-store on eligible purchases where 25,000 Be Well points = $10.
Doordash DashPass Subscription
Add your RBC Cash Back Preferred World Elite Mastercard to your DoorDash account to receive a 12-month complimentary DashPass subscription (a value of almost $120). Cardholders will enjoy unlimited deliveries with $0 delivery fees on orders of $15 or more when they pay with their eligible RBC credit card.
Fees & Eligibility
| Personal Income | $80,000 |
| Household Income | $150,000 |
| Annual Fee | $99 |
| Foreign Exchange Fee | 2.50% |
| Purchase Rate | 20.99% |
| Cash Advance Rate | 22.99% |
| Balance Transfer Rate | 22.99% |
Insurance Coverage
The RBC Cash Back Preferred World Elite Mastercard offers three types of insurance coverage:
- Rental car collision and loss damage coverage: Comprehensive coverage for cars up to $65,000 MSRP
- Purchase security: Coverage for accidental physical damage or theft for 90 days from the date of purchase (up to $50,000 per calendar year)
- Extended warranty: Triples the manufacturer’s original warranty up to a maximum of two years
Review the RBC Cash Back Preferred World Elite Mastercard insurance certificate for terms and conditions surrounding the insurance coverage on this card.
Other Cash Back Cards
| Credit Card | ||
|---|---|---|
 |
$480 cash back and $125 FlyerFunds Estimated value: $605 Ends Oct 31, 2026 |
|
 |
$350 cash back Estimated value: $350 |
|
 |
$120 cash back and $200 FlyerFunds Estimated value: $320 Ends Apr 30, 2026 |
|
 |
$200 cash back and $100 FlyerFunds Estimated value: $300 Ends Apr 30, 2026 |
|
 |
$100 cash back and $200 FlyerFunds Estimated value: $300 Ends Apr 30, 2026 |
|
Legal
Refer to RBC page for up-to-date offer terms and conditions. This page contains affiliate links; refer to our Advertising Disclosure for more information.
Disclaimer: these responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.