cash back

RBC Cash Back Preferred World Elite Mastercard

1.5% all purchases — 1.5% on the first $25,000 in annual purchases, 1% thereafter; no overall earning limit

Annual fee: $99
Interest rates: Purchases
20.99%
Cash advances
22.99%
Foreign transactions: 2.5%

Rated 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 limit

1.5%

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

Terms & conditions

Rates and offers change. Every rate, fee, welcome offer and benefit on this page was accurate when last reviewed, but RBC can change or withdraw any of them at any time — sometimes without notice. Confirm the current terms on RBC's own website before you apply.

Eligibility is theirs to decide. Approval, credit limits, interest rates and welcome offers depend on your credit history and RBC's own criteria. Bonuses often exclude anyone who has held the card before, and usually require a minimum spend within a set period.

This is not advice. The reviews and ratings here are our editorial opinion, not financial, tax or legal advice, and not a recommendation for your circumstances. Speak to a qualified professional before making a financial decision.

How we make money. CreditCardGuru may earn a commission when you apply through links on this page. It never affects our ratings or what we write — see our advertiser disclosure and rating methodology.

CreditCardGuru is not affiliated with RBC. Trademarks belong to their respective owners.

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Disclaimer: This page is for informational purposes only and does not constitute financial, tax or legal advice. Card terms and offers change and may be out of date — always verify with the issuer before applying, and consult a qualified professional before making financial decisions. CreditCardGuru may earn a commission from cards featured on this site; this never influences our editorial ratings. See our advertiser disclosure.

Written by

CreditCardGuru Editorial Team

Rewards & Cards Research

Our editorial team independently researches and rates every credit card in Canada using a transparent, data-driven methodology. We update card terms continuously and never let issuer relationships influence our ratings.

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Cite this page

“RBC Cash Back Preferred World Elite Mastercard Review (2026)” — CreditCardGuru, https://creditcardguru.ca/cards/rbc-cash-back-preferred-world-elite-mastercard, updated June 7, 2026.