RBC Cash Back Preferred World Elite Mastercard review

The basics

The RBC Cash Back Preferred World Elite Mastercard lets you earn a certain percentage of cash back on your spending. While it doesn’t offer the highest rate of return, it compensates by giving you no limit on how much cash you can get back or how many rewards you can accumulate. Regardless of how much or where you spend, this RBC card will let you rack up the rewards and track them over time.

You can cash out your credits any time you reach $25 or let your balance accumulate throughout the year for a cash back credit in February. In addition to unlimited cash back rewards, you can link the card to Petro-Points at Petro-Canada, which allows you to save three cents per litre on fuel.

The perks

• Unlimited cash back. Earn up to 1.5% cash back on all eligible purchases. This RBC cash back card is really unlimited, which means there’s no upper cap on how many cash credits you can receive.
• Lots of perks. As a Mastercard holder, you’ll receive many special benefits, such as Mastercard World Experience, concierge service and access to Boingo Wi-Fi hotspots around the globe.
• No fee for additional cardholders. You can add an additional card on your account with zero annual fee.
• Instant fuel savings. Link your card and instantly save 3¢/L on fuel at Petro-Canada and always earn 20% more Petro-Points. Get 50 Be Well points at Rexall for every $1 spent on eligible products and redeem your points faster with 25,000 Be Well points for $10. Plus, save at DoorDash with $0 delivery fees for 12 months and get unlimited deliveries with $0 delivery fees on orders of $15 or more when you pay with your eligible RBC credit card
  

What to watch out for

• Sliding scale earnings. You are only eligible for a percentage of cash back up to a certain maximum per year. Purchases above that level earn you a lower percentage in cash back credits.
• Fees. This RBC Visa card does carry an annual fee of $99.
• High barrier to entry. To be eligible for this card, you need to have a minimum personal income of $80,000 or a minimum household income of $150,000.

RBC Cash Back Preferred World Elite Mastercard interest rates

What should I know before I apply?

• Eligibility requirements

  To apply for an RBC Cash Back Preferred World Elite Mastercard, you need to meet the following criteria:

  • Be a Canadian citizen or permanent resident
  • Be the age of majority in your province/territory of residence
  • Have an annual income of $80,000 as an individual or $150,000 as a household

• Required documents and information

  • Your name, residential status and contact information
  • Your social insurance number and date of birth
  • Your email address and phone number

How to apply

1. Click the ‘Apply Now’ button above.
2. Fill out the standard credit card application, which should take five minutes to complete.

Bottom line

The RBC Cash Back Preferred World Elite Mastercard has a high barrier to entry. If you meet the minimum income requirements, you can use this card to earn cash back rates on any type of purchase. Earn up to 1.5% cash back on all eligible purchases.

Compare other credit cards

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10 of 38 results

Welcome Offer	Rewards	Purchase Interest Rate	Annual Fee	Min. Credit Score
Promoted BMO CashBack Mastercard	5% cashback	Up to 3% cashback	21.99%	$0	Get up to 5% cash back in your first 3 months. Plus, get a rate of 0.99% on balance transfers for 9 months. A 2% fee applies to transferred balances. T&Cs apply.	Min. recommended credit score: 660	Go to siteMore info Compare product selection Compare	loading
RBC Cash Back Mastercard	N/A	Up to 2% cash back	20.99%	$0	Min. recommended credit score: 650	Go to siteMore info Compare product selection Compare	loading
Neo Mastercard	N/A	An average of 5% cash back	19.99% - 29.99% (up to 25.24% in NL & QC)	$0	Min. recommended credit score: 640	Go to siteMore info Compare product selection Compare	loading
RBC ION Visa	7,000 points	Up to 1.5 points per $1 spent	20.99%	$0	Get 7,000 Avion points upon approval. T&Cs apply.	Min. recommended credit score: 660	Go to siteMore info Compare product selection Compare	loading
American Express Cobalt Card	15,000 points	Up to 5x points per $1 spent	21.99%	$191.88	Earn up to 15,000 Membership Rewards points in your first year. Earn 1,250 Membership Rewards points for each monthly billing period in which you spend $750 in purchases. That’s up to $150 towards a weekend getaway or concert tickets. T&Cs apply.	Annual fee: $15.99/month ($191.88 annually). Quebec residents: $191.88/year. Min. recommended credit score: 700	Go to siteMore info Compare product selection Compare	loading
Tangerine Money-Back Mastercard Card	10% cash back	Up to 2% cash back	20.95%	$0	Earn 10% cash back (up to $100) when you spend $1,000 in the first 2 months. Valid until January 30, 2026. Plus, get a 1.95% interest rate on balance transfers for the first 6 months. T&Cs apply.	Min. recommended credit score: 600	Go to siteMore info Compare product selection Compare	loading
Tangerine Money-Back World Mastercard	Get $120	Up to 2% cash back	20.95%	$0	Get $120 with a Money-Back World Mastercard when you spend $1,500 in the first 3 months. Valid until January 30, 2026. Plus, get a 1.95% interest rate on balance transfers for the first 6 months. T&Cs apply.	Min. recommended credit score: 600	Go to siteMore info Compare product selection Compare	loading
BMO Preferred Rate Mastercard	0.99% rate on balance transfers for 9 months	N/A	13.99%	$29	Get a rate of 0.99% on balance transfers for 9 months with a 2% transfer fee. T&Cs apply.	Min. recommended credit score: 660	Go to siteMore info Compare product selection Compare	loading
RBC ION+ Visa	14,000 points	Up to 3 points per $1 spent	20.99%	$48	Get 14,000 Avion points upon approval. T&Cs apply.	Min. recommended credit score: 660	Go to siteMore info Compare product selection Compare	loading
RBC Avion Visa Infinite	35,000 points	Up to 1.25 points per $1 spent	20.99%	$120	Get 35,000 Avion Points upon approval. T&Cs apply.	Min. recommended credit score: 650	Go to siteMore info Compare product selection Compare	loading

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