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RBC Cash Back Preferred World Elite Mastercard review

3.3Rated by the CreditCardGuru Editorial Team

A straightforward 1.5% flat-rate card, but the $25,000 cap, thin insurance and $99 fee leave it trailing the best flat-rate cash back cards in Canada.

At a glance

Annual fee
$99
Foreign tx fee
2.5%
Network
MASTERCARD
Rewards
cash back
Purchase APR
20.99%

Rewards & earn rates

All purchases1.5% on the first $25,000 in annual purchases, 1% thereafter; no overall earning limit1.5%

Pros & cons

Pros

  • Simple flat-rate cash back with no category tracking
  • World Elite perks including lounge network access at a moderate fee

Cons

  • Rate drops to 1% after $25,000 in annual spend
  • No travel medical or trip cancellation insurance
  • No welcome bonus currently offered

Perks & insurance

Key perks

  • Flat 1.5% cash back on everything including online and wholesale retailers
  • Mastercard Travel Pass (DragonPass) access to 1,300+ airport lounges
  • 12-month complimentary DoorDash DashPass
  • Mastercard Travel Rewards offers when spending abroad
  • Free additional cards

Insurance

  • Purchase security and extended warranty (120 days; triples warranty up to 2 years)
  • Auto rental collision/loss damage waiver

Rates & fees

Annual fee
$99
Purchase interest
20.99%
Cash advance
22.99%
Foreign transactions
2.5%
Min. personal income
$80,000
Last updated June 7, 2026Reviewed by CreditCardGuru Editorial Team

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CIBC Dividend Visa Infinite Card
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CIBC Dividend Visa Infinite Card

4.5·Households with heavy grocery and gas spend who want maximum cash back.
Annual fee
$120/yr
Welcome bonus
~$350
Top reward
4% groceries
  • 4% on gas and groceries is among the highest in Canada
  • Strong 2% middle tier covers dining, transit and bills
Apply nowView details