Illustration, not the actual card design.
RBC · Cash back
RBC Cash Back Preferred World Elite Mastercard
Annual fee
$120
Welcome offer
Up to $300 back
Market
Canada · CAD
Biggest part of the offer: Get 15% extra cash back on up to $2,000 in net purchases in your first 3 months (on top of your regular cash back).
What it's worth before you spend
Welcome bonus, plus perks you get no matter what, minus the fee. Everyday earning comes on top.
Year 1
$180
+$300 welcome bonus
+$0 yearly credits
−$120 fee
Year 2
−$120
Costs $120 a year until your spending covers it.
Every year after
−$120
Costs $120 a year until your spending covers it.
Plus 7 benefits with no fixed dollar value, like Emergency Medical Insurance, Flight Delay Insurance and Baggage Delay Insurance. Their worth depends on how you use the card, so they're not counted above. See them all
Estimated as of Oct 10, 2026. Assumes you're approved, qualify for the offer and meet its spending requirement. Points valued at up to 1¢ each, which is our assumption. Before everyday spending.
Welcome offer
Ends Feb 2, 2027. Not available to additional cardholders (co-applicants and authorized users), or to existing holders of any RBC Royal Bank personal credit card who transfer to this card during the offer period. If you close this card or change it to another type of RBC credit card before the welcome bonus is credited, you may lose the benefit of this offer. It can't be combined with any other offer.
- 1Get 15% extra cash back on up to $2,000 in net purchases in your first 3 months (on top of your regular cash back)$300 backYear 1
Not guaranteed. Welcome offers and bonuses are at the card issuer's discretion, and can change or end at any time.
What it earns
Cash back, straight onto your statement.
| Where you spend | Earns | Back per $1 (est.) |
|---|---|---|
| Subscriptions | 3% back | 3¢ |
| Dining & Restaurants | 3% back | 3¢ |
| Gas & Fuel | 3% back | 3¢ |
| Transit | 3% back | 3¢ |
| Groceries | 3% back | 3¢ |
| Streaming | 3% back | 3¢ |
| Everything else | 1% back | 1¢ |
What else you get
Insurance · 7
- Emergency Medical Insurance
Out-of-province emergency medical, unlimited, first 10 days of a trip under 65, 3 days if 65 or over
- Flight Delay Insurance
Meals, hotel and essentials after a 4-hour delay, up to $250 a day per person and $500 per occurrence
- Baggage Delay Insurance
Essentials when checked bags are lost or 4+ hours late, up to $500 per person and $2,500 per occurrence
- Rental Car Collision Damage Insurance
Damage or theft of a rental car, rentals up to 48 days, vehicles up to $65,000 MSRP
Show all 7Show fewer
- Mobile Device Insurance
Lost, stolen, damaged or failed phone or tablet, up to $1,500 per claim, for 2 years
- Purchase Security
Loss or damage to new items for 120 days, up to $50,000 per account per calendar year
- Extended Warranty
Triples the manufacturer's warranty by up to 2 extra years (5 years combined max)
Got this card? We'll tell you when to use it.
PointsMaxxing checks the store you're standing in and picks the card in your wallet that earns the most there.
Fine print
Card details are checked against public sources. Issuers change fees, offers and earn rates without notice, and the issuer's terms are the only ones that count, so check them before you apply. Approval, welcome offers and bonus points are at the issuer's discretion and aren't guaranteed. The values above are estimates based on our own point valuations and on assumptions about approval and spending, not a forecast of what you'll receive. This is general information, not financial advice, and it doesn't say whether this card suits you. We're not affiliated with or endorsed by RBC. Card and program names belong to their owners.
Details last checked Oct 10, 2026.