Note: This information is only intended as a guide. The final decision is up to the bank and your application could still be rejected even if you can answer 'Yes' to all the minimum criteria above. Always consider your options and your financial situation before you apply for a credit card.
- Barry Choi, Money We HaveWhile there are some benefits to the RBC Cash Back Preferred World Elite Mastercard, the earning rate is low compared to some of the best cash back credit cards in Canada. In addition, the lack of benefits is disappointing. If you bank with RBC and want to stick with them, this card is perfectly acc...
- Rewards CanadaThe RBC Cash Back World Elite Mastercard is the bank's premium cash back offering that offers a really good base cash back earn rate of 1.5% for up to $25,000 in purchases annually. On top of this is has good purchase insurance coverage and airport lounge access membership. Outside of that however t...
- Money.caThe RBC Cash Back Preferred World Elite Mastercard is for that affluent upper-middle class working professional who prefers simplicity and transparency with their credit card loyalty programs. They want to accumulate cash back rewards, but they don’t want to have to think about it. It’s for the pers...
- Enoch Omololu, SAVVY New CanadiansThe RBC Cash Back Preferred World Elite Mastercard is an excellent cash back credit card you can use to earn unlimited cash back at a rate of 1.5% on all your purchases. It’s a shame you can’t increase the earning potential for categories like groceries or gas. But the additional benefits, including...
- Victor, Yore OysterThe RBC Cash Back Preferred World Elite Mastercard is premium cash back credit card issued by the Royal Bank of Canada, one of the largest banks in Canada. It offers a flat cash back rate of 1.5% on all purchases with no annual limits, and it has a moderate annual fee of $99. With this card, you wil...
Interest Rates | |
---|---|
Regular APR Interest Rate | 20.99% |
Balance Transfer Interest Rate | 22.99% |
Cash Advance Interest Rate | 22.99% |
Rates & Fees | |
Annual Fee | $99.00 |
Balance Transfer Fee |
3% Maximum |
Cash Advance Fee |
$3.50 $5.00 fee for cash advances outside of Canada. |
Foreign Transaction Fee |
2.5% Transactions made in a foreign currency will be converted and posted to your account in Canadian currency. |
Over Limit Fee | $29.00 |
Late Payment Fee | $0.00 |
Promotions | |
Sign up bonus | No |
Rewards | |
All Purchases |
1.5% cash back (on first $25000 spent) 1% thereafter |
Restaurants | No |
Gas | No |
Groceries | No |
Hotels | No |
Travel | No |
Pharmacy | No |
Bills | No |
Additional Details |
Link your card and instantly save 3¢/L on fuel and always earn 20% more Petro-Points at Petro-Canada. |
Features & Benefits | |
Additional Card Holders | Yes |
Travel Accident Insurance | No |
Car Rental Insurance | Yes |
Car Rental Discount | No |
Extended Warranty | Yes |
Purchase Protection | Yes |
Zero Liability | No |
No Foreign Transaction Fees | No |
Emergency Assistance | No |
Concierge Service | Yes |
Price Protection | No |
Fraud Protection | No |
Free Credit Scores | No |
Wireless Payments | No |
Virtual Cards | No |
Additional Benefits |
|
Eligibility | |
Minimum Security Deposit | $0 |
Minimum Age |
18 years in AB, MB, ON, PE, QA, SK. 19 years in all other provinces. |
Minimum Personal Income | $80,000 per year |
Temporary Residents | No |
More | |
Additional comments | - |
Terms & Conditions | Official Terms & Conditions |
Suggest a correction |
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