Pros
- ✓Purchase protection included
Cons
- ✗Foreign Transaction Fee (2.5%)
Our Review
With the RBC Cash Back Preferred World Elite Mastercard, earn 12% cash back for the first three months^, on up to $2,000 in purchases.
Thereafter, earn 1.5% cash back2 on all your eligible purchases, including at Costco.
In addition, you benefit from several practical everyday advantages:
- Instant fuel savings at Petro-Canada5
- A 12-month complimentary DashPass subscription with DoorDash7
- Additional Be Well points at Rexall6
Finally, the RBC Cash Back Preferred World Elite Mastercard also offers attractive insurance protections for your purchases and travel.
- Purchase Security9 coverage for 120 days against theft or damage
- Extended Warranty9 that triples the original Canadian manufacturer’s warranty for up to two additional years
- Rental vehicle collision/loss damage insurance10
Rewards
All Spending
1.5x
Cash Back pts per dollar
Credit Card Rewards Calculator
See how much you could earn with this card based on your spending.
Cashback earned
$335
$/yr
Estimated Value
$335
After Fees
+$236
1st Year Value
$236
incl. welcome bonus
Annual rewards breakdown
Purchase Protection
Purchase Protection
Included
Extended Warranty
+2 year(s)
Auto Rental
Up to $65,000 / 48 days
Interest Rates
- Purchase Rate20.99%
- Cash Advance22.99%
- Foreign Transaction Fee2.5%
Eligibility
Personal Income
$80,000
Household Income
$150,000
Terms & Conditions
Card Features
Get 12% cash back for the first 3 months on up to $2,000 in total purchases^.
Apply by September 9, 2026.
FAQ
How much cash back can I earn with the RBC Cash Back Preferred World Elite Mastercard?
Up to 1.5% cash back on all purchases.
Is there a limit to cash back?
No, there is no limit on the amount of cash back you can receive.
Are there any advantages to specific applications and services?
Yes, exclusive benefits and offers with applications and services on demand.
How long does the purchase insurance last?
Purchase insurance for 120 days.
What about rental car insurance?
Protection with collision and damage insurance for rental vehicles.
What are the benefits at Petro-Canada?
Save 3¢/litre and earn 20% more Petro-Points.
Legal
® / ™ Trademark(s) of Royal Bank of Canada. RBC and Royal Bank are registered trademarks of Royal Bank of Canada. ‡ All other trademarks are the property of their respective owner(s).
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Conditions apply. All information is believed accurate but not guaranteed. Card details, rewards, and offers are subject to change at any time. Always verify the latest terms on the issuer’s website before applying. Ratesopedia may receive compensation through affiliate links. This does not affect our editorial choices or card rankings. © 2026 RBC. All trademarks are property of their respective owners.