RBC Cash Back Preferred World Elite Mastercard®

RBC Cash Back Preferred World Elite Mastercard®: interest rates, available limits, cashback and bonuses. Full conditions for obtaining a credit card online. The procedure for registration and receipt online or at a bank branch. Features.


About RBC Cash Back Preferred World Elite Mastercard

An RBC Cash Back Preferred World Elite Mastercard card is a credit card with regular interest rates and unlimited cash back earning opportunities. Along with cash back rewards, RBC Cash Back Preferred World Elite Mastercard holders get access to a range of premium benefits from Mastercard.

RBC Cash Back Preferred World Elite Mastercard credit card features

An RBC Cash Back Preferred World Elite Mastercard credit card features an interest rate of 19.99% on purchases and 22.99% (21.99% for Quebec residents) — on cash advances. Using the benefits of this credit will cost you $99 per year. Issuing an additional card is free of charge. 

For purchases made with your RBC Cash Back Preferred World Elite Mastercard credit card, you earn up to 1.5% cash back (1.5% on up to $25,000 in net purchases per annual period and 1% on purchases made in excess of $25,000 in net purchases per annual period). There is no maximum amount of cash back credits you can earn on the purchases made with your RBC Cash Back Preferred World Elite Mastercard credit card. In other words, cash back earning opportunities are unlimited.

The insurance policies included in RBC Cash Back Preferred World Elite Mastercard credit cards are auto rental collision or loss damage insurance and purchase security and extended warranty protection. 

Along with cash back rewards, RBC Cash Back Preferred World Elite Mastercard credit card holders can get the advantage of the following partner integration benefits:

  • Saving $0.03 per liter when purchasing fuel at a Petro-Canada location

  • Earning 20% more Petro-Points than you normally earn at Petro-Canada 

  • Earning 50 Be Well points for $1 spent on eligible purchases at Rexall, a chain of retail pharmacies

  • Paying zero delivery fees for orders of over $15 with a 3-month free DashPass subscription from DoorDash, a food delivery service   

With a card lock feature included, you can temporarily lock your RBC Cash Back Mastercard credit card at any time through the RBC Mobile app.

RBC Cash Back Preferred World Elite Mastercard card holders can also get the advantage of the following Mastercard benefits:

  • Free Wi-Fi access at Boingo hotspots

  • Mastercard On-demand Apps and Subscription Services providing exclusive benefits and offers from service providers like Ritual or Apple Music

  • Mastercard Airport Experiences provided by DragonPass to get access to airport lounges worldwide, as well as airport dining and spa offers

  • Mastercard Travel Rewards program allowing to earn cash back on purchases made at international retailers and restaurants

Pros and cons

The advantages of an RBC Cash Back Preferred World Elite Mastercard credit card include:

  • Unlimited cash back earning opportunities

  • Partner integration benefits (fuel savings at Petro-Canada, Be Well points at Rexall, and free delivery from DoorDash)

  • Premium benefits from Mastercard

  • Credit card lock available at any time

Here are the disadvantages to be aware of:

  • A $99 annual fee

  • Few insurance coverage policies included

How to apply for an RBC Cash Back Preferred World Elite Mastercard credit card

RBC accepts applications for an RBC Cash Back Preferred World Elite Mastercard credit card online. To proceed, click the “Apply Now” button next to the credit card description and fill out an online application form. If you are an RBC client already, you can save time by signing in to your online banking account during the application process and completing a shorter application form (since RBC already has certain information about you). Otherwise, you should proceed as a new client and provide the following information:

  • Your first name

  • Your last name

  • Your contact details

  • Your date of birth

  • Your address

  • Your rent or mortgage expenses

  • Your social insurance number (SIN)

  • Your employment status

  • Your occupation

  • Your employer information

  • Your annual income

If you need insurance protection for your credit card balance or want to register an additional user for your credit card, be sure to specify this in your application. You will also need to create a personal identification word.

Beware that, to qualify for an RBC Cash Back Preferred World Elite Mastercard credit card, you must have a minimum personal annual income of $80,000 or a minimum household income of $150,000.

How to start using free Wi-Fi at Boingo hotspots?

To use free Wi-Fi at Boingo hotspots, you should register an account with Boingo.

After downloading the Boingo Wi-Finder App, you can find free access to Wi-Fi hotspots (keep in mind that doing so assumes that you are giving Boingo permission to access your locations). The list of available Boingo hotspots can change at any time, so be sure to check the relevant list on the Boingo website.

Who provides insurance coverage included in an RBC Cash Back Preferred World Elite Mastercard credit card?

Aviva General Insurance Company provides rental car insurance across Canada as well as purchase security and extended warranty protection in Quebec. RBC Insurance Company of Canada provides purchase security and extended warranty protection in the rest of Canada.

Can I get a replacement for a damaged RBC credit card?

To request a card replacement, sign in to your RBC Online Banking account, select the card you need to replace, and click “Replace Card” on the right side of the page. Then, follow the on-screen instructions from the system. Once you complete your request, RBC will mail your new card to you within 7-10 business days.

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18.11.2022
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Last update 30.11.2022