Cash Back
Premium / High-End
RBC Cash Back Preferred World Elite Mastercard
RBC Royal Bank
Current Welcome Offer
Get Unlimited Cash Back on Your Purchases with our premium Cash Back credit card
Annual Fee
$99
Purchase APR
20.99%
Cash Adv. APR
22.99%
RateBuddy Verdict
The Good
- Consistent 1.5% flat cash back on all qualifying purchases.
- Includes Mastercard Travel Pass (DragonPass) and premium airport lounge access.
The Trade-offs
- Carries a $99 annual fee which requires $6,600 in annual spend just to break even.
- Flat rate is capped at $25,000 in annual spend, after which it drops to 1%.
Rewards & Earnings
Base Rate 1.50%
Rewards Summary: Flat Cash Back: 1.5% Unlimited; Redemption: $25 min on-demand; Lounge Access: DragonPass (1,300+ lounges); Petro-Canada: 3¢/L savings + 20% more points; DoorDash: 12-month free DashPass subscription
- All Purchases: 1.5%
- Gas (Petro-Canada): 3¢/L Discount
- Lounge Access: Membership Included
Welcome Bonus Details
Get Unlimited Cash Back on Your Purchases with our premium Cash Back credit card
Features & Benefits
Airport Lounge Access
Mobile Device Insurance
Up to $1,000 coverage
Additional Perks
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Insurance Coverage
Purchase Security: Included (90 days); Extended Warranty: Included (+1 year); Rental Car Collision: Included; Travel Medical: Not Included; Flight Delay: Not Included
Rates & Fees Details
| Purchase APR | 20.99% |
|---|---|
| Cash Advance APR | 22.99% |
| Annual Fee | $99 |
| Supplementary Card | $0.00 |
| Income Required |
Personal: $80,000 Household: $150,000 |