Which has the lower annual fee, Cash Back World Elite Mastercard or RBC Cash Back Preferred World Elite Mastercard?

The RBC Cash Back Preferred World Elite Mastercard has a $120 annual fee, while the Cash Back World Elite Mastercard charges $130/year.

Which card is better for groceries, Cash Back World Elite Mastercard or RBC Cash Back Preferred World Elite Mastercard?

The Cash Back World Elite Mastercard earns 4% on groceries, while the RBC Cash Back Preferred World Elite Mastercard earns 1.5%. The better choice depends on your grocery spending and the specific merchants you shop at.

Cash Back World Elite Mastercard vs RBC Cash Back Preferred World Elite Mastercard — Which Is Better? | Churnr

Header Quick Take Value Earn Rates Merchants Wallet Bonus FX Benefits Eligibility Perks Downgrade Verdict

Cash Back World Elite Mastercard edges ahead by $125/yr

Cash Back World Elite Mastercard earns $320 more on groceries
Cash Back World Elite Mastercard earns $90 more on gas

Groceries: +$320Gas: +$90Bills & Utilities: +$72

Cash Back World Elite Mastercard: $30/yr in foreign transaction fees

RBC Cash Back Preferred World Elite Mastercard: $30/yr in foreign transaction fees

Showing Year 1 analysis

Dollar Value

Winner

$495

/first year

1.2% effective$41/mo

vs 1% no-fee card: +$76

Annual rewards earned+$655

FX costs−$30

Annual fee−$130

$370

/first year

0.9% effective$31/mo

vs 1% no-fee card: −$49

Annual rewards earned+$520

FX costs−$30

Annual fee−$120

Best for your spendingCash Back World Elite Mastercard—$495Year 1 value

+$125 more than RBC Cash Back Preferred World Elite Mastercard

Scroll down for the full breakdown

Earn Rates by Category

Wallet Optimizer

Neither card currently offers a welcome bonus.

Downgrade

Coming soon

The Bottom Line

Cash Back World Elite Mastercard edges ahead by $125/yr

Cash Back World Elite Mastercard earns $320 more on groceries
Cash Back World Elite Mastercard earns $90 more on gas

Groceries: +$320Gas: +$90Bills & Utilities: +$72

Showing Year 1 analysis

Cash Back World Elite Mastercard wins in both Year 1 and Year 2+ — consistent long-term value.

Data Sources

Issuer terms & conditions (verified Feb 2026)

Merchant MCC verification (239 merchants)

Insurance certificates (PDF review)

Reward program documentation

User-reported acceptance data

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