RBC Cash Back Preferred World Elite Mastercard
Royal Bank of Canada · Cashback · Statement Credit
This comprehensive guide covers the RBC Cash Back Preferred World Elite Mastercard's reward rates, fees, and terms — updated regularly from official sources — to help you decide if this card fits your spending. The RBC Cash Back Preferred World Elite Mastercard from Royal Bank of Canada offers cashback rewards credited directly to your statement at 3% (up to C$12,000 per cycle). Top earning categories include 3% cash back on groceries and more. Annual fee is C$120 (no annual fee waiver).
Best for: Grocery, Fuel, General Online, Electronics Accessories
Reward Examples
Spend C$1,000 on Grocery → earn C$30 (3%) · 3% cash back on groceries
Spend C$1,000 on Fuel → earn C$30 (3%) · 3% cash back on gas
Spend C$1,000 on General online → earn C$10 (1%) · 1% cash back on all other purchases
Official product page → Official rules →
Waiver: No annual fee waiver
Reward Rules
- 3% 3% cash back on groceries (cap: C$12,000)
- 3% 3% cash back on gas (cap: C$12,000)
- 1% 1% cash back on all other purchases
Important Notes
- 3% grocery capped at $12,000 per year then 1%
- 3% gas capped at $12,000 per year then 1%
- No foreign transaction fees
How to Apply
- Apply online: Official application page →
- Credit score: Most rewards cards require good to excellent credit (typically 670+ FICO).
- Issuer rules: Some issuers restrict approvals (e.g. Chase 5/24). Verify current eligibility before applying.
RBC Cash Back Preferred World Elite Mastercard vs Similar Cards
- Alterna Savings Cash Back Visa — 2% top rate · C$0
- BMO Cash Back Mastercard — 3% top rate · C$0
- BMO CashBack World Elite Mastercard — 5% top rate · C$120
Maximize Your Rewards
To earn the highest rewards, use the RBC Cash Back Preferred World Elite Mastercard for its bonus categories: Grocery, Fuel, General Online, Electronics Accessories, Dining.