$99 Annual fee The RBC® Cash Back Preferred World Elite Mastercard is marketed as as premium cash back card, with a simple earning structure for those who want a decent return on their spending without having to concern themselves with bonus categories.
Bonuses & Fees
Currently, there is no welcome offer on the RBC® Cash Back Preferred World Elite Mastercard.
The annual fee is $99†, with free supplementary cards†.
Earning Rewards
The RBC® Cash Back Mastercard earns 1.5% cash back† on all qualifying purchases up to $25,000 spent, equivalent to $375 back. After $25,000, it earns 1% cash back† on all qualifying purchases in perpetuity.
Redeeming Rewards
There are two ways to redeem RBC® cash back:
- Upon reaching a cash back balance of at least $25, call RBC® (1-800-769-2512) to credit the entire amount to your account
- Automatically credited every January and appears on February statement
Perks & Benefits
The RBC® Cash Back Preferred World Elite Mastercard does include a few interesting benefits, including 12 months of free DashPass from DoorDash†.
This includes unlimited deliveries with $0 delivery fees on orders of $15 or more when you pay with your eligible RBC credit card†.
It also includes a 3¢/L saving on fuel at Petro-Canada, along with earning 20% more Petro-Points†.
Finally, you can earn 50 Be Well points for every $1 spent on eligible products at Rexall, as well as a have an improved redeeming ratio of 25,000 Be Well points = $10†.
Insurance Coverage
The RBC® Cash Back Preferred World Elite Mastercard card does offer basic insurance coverage, which is below par for a World Elite card.
There is car rental insurance for cars with an MSRP of no more than $65,000†, as well as purchase security against accidental damage within 90 days of purchase†, and an extended warranty that doubles the manufacturer’s up to one year†.
Credit card companies must have the best lawyers on their payroll because the methods used to advertise any given card are SO deceitful. Example: airport lounge pass to over 2300 lounges. PASS is the key word which implies FREE ENTRY but there IS an entry fee per member AND per guest. If 4 people enter a lounge and pay $32 each they’re better off to eat a $32 meal at any decent restaurant!!!