RBC Cash Back Preferred World Elite Mastercard
Get 12% cash back for the first 3 months on up to $2,000 in total purchases
Affiliate Disclosure: We may receive compensation when you click on links to products from our partners. This helps us provide free comparison tools and content. Our editorial opinions are independent of any compensation we receive. This link takes you to RBC's website where you can complete your application.
📋Card Overview
🎁Welcome Bonus & Eligibility
Welcome Offer
You will earn a total of up to 12% cash back credit on Net Purchases ("Welcome Bonus") made with your RBC Cash Back Preferred World Elite Mastercard within the first 3 months from your account open date, up to a maximum of $2,000 in Net Purchases per credit card account ("Offer") provided that your RBC Cash Back Preferred World Elite Mastercard credit card account ("Credit Card Account") remains open and in good standing at the time the Welcome points are credited to your account.
Eligibility Requirements
Additional cardholders(s) (co-applicant and authorized user(s)) on the RBC Cash Back Preferred World Elite Mastercard credit card account, as well as existing cardholders on any RBC Royal Bank personal credit card transferring to an RBC Cash Back Preferred World Elite Mastercard credit card during the Offer Period, are not eligible for this offer.
✨Key Card Features
- Get up to 1.5% cash back on all your spending
- with no limit to the total cash back you earn
🏆Rewards Program
Cash Back
Earn rewards on every purchase with the Cash Back program. Redeem for travel, merchandise, gift cards, or statement credits.
Video Review
Loading video...
Watch our detailed video review for the full breakdown and honest opinions
👤Who Can Apply?
Residency
Canadian residents
Eligibility
A minimum personal income of $80,000 or a minimum household income of $150,000 is required for this card.
🤔Is This Card Right For You?
✅ This card is great for:
- •People who want Cash Back rewards
- •Anyone looking for a generous welcome bonus
❌ Look elsewhere if:
- •You want a no-annual-fee card
- •You don't spend enough to justify the rewards structure
- •You prefer a different rewards program
⚖️Pros & Cons
Pros
- +Generous welcome bonus: Get 12% cash back for the first 3 months on up to $2,000 in total purchases
- +Cash Back rewards program
- +Free additional cards
Cons
- −High interest rate (20.99%)
🏆Our Verdict
The RBC Cash Back Preferred World Elite Mastercard offers straightforward cash back rewards that are easy to understand and redeem. The welcome bonus provides a nice head start. Great for those who prefer cash over points.
Apply on Issuer Site❓Frequently Asked Questions
What is the annual fee for the RBC Cash Back Preferred World Elite Mastercard?
The RBC Cash Back Preferred World Elite Mastercard has an annual fee of $99. $99.
What are the interest rates for the RBC Cash Back Preferred World Elite Mastercard?
The purchase interest rate is 20.99% and the cash advance rate is 22.99%.
Who can apply for the RBC Cash Back Preferred World Elite Mastercard?
A minimum personal income of $80,000 or a minimum household income of $150,000 is required for this card.
What welcome bonus does the RBC Cash Back Preferred World Elite Mastercard offer?
You will earn a total of up to 12% cash back credit on Net Purchases ("Welcome Bonus") made with your RBC Cash Back Preferred World Elite Mastercard within the first 3 months from your account open date, up to a maximum of $2,000 in Net Purchases per credit card account ("Offer") provided that your RBC Cash Back Preferred World Elite Mastercard credit card account ("Credit Card Account") remains open and in good standing at the time the Welcome points are credited to your account.
Is the RBC Cash Back Preferred World Elite Mastercard worth it?
The RBC Cash Back Preferred World Elite Mastercard is worth considering if you can maximize its rewards. The welcome bonus of Get 12% cash back for the first 3 months on up to $2,000 in total purchases adds significant value. The Cash Back program offers flexibility for redemptions.
