RBC Cash Back Preferred World Elite Mastercard

The RBC Cash Back Preferred World Elite Mastercard is a premium credit card offered by the Royal Bank of Canada (RBC). This card is designed to cater to individuals who prioritize cash back rewards on their everyday purchases. As part of the prestigious World Elite Mastercard tier, it provides not only substantial cash back benefits but also a suite of premium services and travel perks. Cash Back Rewards One of the standout features of the RBC Cash Back Preferred World Elite Mastercard is its cash back rewards program. Cardholders earn a competitive percentage of cash back on various spending categories, making it an attractive option for those who want to maximize their return on daily expenses. Typically, this includes a higher cash back rate on grocery and gas purchases, with a standard rate on all other purchases. The flexibility of cash back redemption options allows users to easily apply rewards to their credit card balance, making it convenient to manage finances. Travel and Lifestyle Benefits As a World Elite Mastercard, this card comes with a host of travel-related benefits. Cardholders have access to comprehensive travel insurance, including coverage for travel medical emergencies, trip cancellation and interruption, and rental car collision insurance. Additionally, cardholders enjoy exclusive access to airport lounges through the Mastercard Airport Experiences program, which enhances the travel experience by providing a comfortable and luxurious waiting area. Premium Services The RBC Cash Back Preferred World Elite Mastercard offers several premium services that add significant value. This includes concierge services, which can assist with a variety of tasks from booking travel and dining reservations to finding event tickets and gift recommendations. Furthermore, the card provides purchase protection and extended warranty on eligible purchases, offering peace of mind for cardholders. Annual Fees and Rates The card comes with an annual fee, which is common for premium credit cards offering extensive benefits and rewards. Additionally, there are interest rates associated with balances carried over from month to month, cash advances, and balance transfers. Prospective cardholders should consider these costs in relation to the card’s benefits to determine if it aligns with their financial habits and goals. Eligibility and Application Eligibility for the RBC Cash Back Preferred World Elite Mastercard typically requires a good to excellent credit score. Applicants must also meet specific income requirements, which are standard for World Elite Mastercards. The application process is straightforward and can be completed online, providing a quick and convenient way for potential cardholders to apply.