This World Elite card will allow you to earn up to 1.5% cash back on all your purchases. No need to worry about changing your spending habits.

Annual Fee
Extra Card Fee
Card Type
Cash Advance
Balance Transfer
Personal Income
Household Income
Canadian resident who has reached the provincial age of majority.
Extended Warranty 2 years
Purchase Protection 120 days
Rental Car Theft & Damage Yes

Please review your insurance certificate for details, exclusions and limitations of your coverage.

If we find your match, we’ll give you up to $25 when you refer your friends.*

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Our Review

The RBC Cash Back Preferred World Elite Mastercard isn't going to win any awards as a top cash back credit card, but it still offers a pretty good earn rate without the fuss of worrying about spending on certain things to maximize your cash back.

It allows cardholders to earn unlimited cash back with every purchase they make - 1.5% cash back on the first $25,000 spent annually, and 1% cash back earned on any purchases over that.

The best part? Once you have earned $25 in rewards, you can redeem them whenever you like. Most of the top cash back cards force you to redeem your cash only once per year.

You will also be able to enjoy special benefits like:

  • Mastercard World Experiences which gives you access to valuable offers, upgrades, and experiences,
  • Access to Boingo WiFi hotspots worldwide,
  • Mastercard Priceless Cities, and
  • 24/7 Mastercard Concierge Service.

The hotspot access is a particularly interesting perk as no other cards on the market offer it. If you're a frequent traveler, especially for business, then this could give you a lot of unexpected extra value.

Unlike most World Elite cards, there is no annual fee for any secondary cards you add to your account. And you're even able to set spending limits on those secondary cards, allowing you to earn rewards faster, without need to worry about secondary cards going over your limit.

The downsides

The RBC Cash Back Preferred World Elite Mastercard only 3 types of insurance and requires a minimum income of $80,000 or a household income of $150,000.

If this card isn't quite right for you, consider the . This card will give you an impressive 4% cash back on gas and groceries, 2% back on drugstore purchases and recurring bills, and 1% back on all other purchases.

If you would prefer to stick to a World Elite Mastercard, the would be a better choice. Get the same earn rate of 1.5% on all purchases, but get much better travel insurance (13 types instead of just 3) as well as roadside assistance.

Or, you could also take a look at our list of the best cash back cards on the market right now.

What are your thoughts?

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Featured In:

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