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Canada · personal card · RBC Royal Bank

RBC Cash Back Preferred World Elite Mastercard review

Unlimited cash back: 3% on groceries, dining, food delivery, gas, EV charging, rideshare, transit, streaming and gaming, 1% on everything else.

By · Card data read October 7, 2026 · How we rank Canadian cards

Apply on issuer siteTerms apply
RBC Cash Back Preferred World Elite Mastercard

Key facts

Issuer
RBC Royal Bank
Network
Mastercard
Annual fee
$120 (Additional card $50)
Welcome offer
15% extra cash back on first $2,000 spend for 3 months. Apply by Feb 2, 2027 (until February 2, 2027)
Purchase rate
21.99%
Cash advance rate
22.99%
Foreign transaction fee
2.5%
Minimum personal income
$80,000
Minimum household income
$150,000
Available in Quebec
Not stated
Insurance
Out of Province/Country Emergency Medical; Flight Delay; Delayed Baggage; Mobile Device; Auto Rental Collision/Loss Damage Waiver; Purchase Security and Extended Warranty
Est. net value / yr
$468 ($588 rewards − $120 fee)

Rewards

Unlimited cash back: 3% on groceries, dining, food delivery, gas, EV charging, rideshare, transit, streaming and gaming, 1% on everything else.

Earn rates the issuer states: base 1% · groceries 3% · gas 3% · dining 3%. No cap stated; redeem by phone at $25 minimum or auto-credited each January

Perks

Mastercard World Elite benefits; partner offers

How we put this page together

Every figure here was read on RBC Royal Bank’s own page on October 7, 2026; fields the page did not state are shown as “not stated” rather than estimated. The net value estimate uses the method on our Canada methodology. Card rules and your rights as a cardholder: FCAC. Note: FX fee not on page. FX fee read on issuer document: https://www.rbcroyalbank.com/cards/cardapp/_assets-custom/pdf/cashback_pref.pdf

Frequently asked questions

What is the annual fee on the RBC Cash Back Preferred World Elite Mastercard?

$120 (Additional card $50), as read on RBC Royal Bank’s website on October 7, 2026.

Is there a foreign transaction fee on the RBC Cash Back Preferred World Elite Mastercard?

The issuer states a 2.5% foreign currency conversion fee.

What income do I need for the RBC Cash Back Preferred World Elite Mastercard?

The issuer states a minimum personal income of $80,000 or a minimum household income of $150,000.

More RBC Royal Bank cards

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    Net $313/yr

    Earn 1.25 Avion points per $1 on travel purchases and 1 point per $1 on everything else; redeem on any airline at fixed-points pricing or 100 points = $1.

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    Annual fee
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    Foreign transaction fee
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Rates, fees and offers are shown as we read them on each issuer’s own website on the date shown, in Canadian dollars, and can change at any time. Confirm current terms with the issuer before applying. General information, not financial advice. Partner links, where they exist, never change the order. Affiliate disclosure. Card rules and consumer protections: Financial Consumer Agency of Canada.