Which has the lower annual fee, Neo 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 Neo World Elite Mastercard charges $125/year.

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

The Neo World Elite Mastercard earns 5% 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.

Neo 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

Neo World Elite Mastercard wins by $623/yr — strongest in groceries

Neo World Elite Mastercard earns $416 more on groceries
Neo World Elite Mastercard earns $120 more on bills & utilities

Groceries: +$416Bills & Utilities: +$120Everything Else: +$60

Neo World Elite Mastercard: Groceries cap limits earning — losing ~$31/yr above cap

Neo 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

$993

/first year

2.4% effective$83/mo

vs 1% no-fee card: +$574

Annual rewards earned+$1,133

Welcome bonus+$15

FX costs−$30

Annual fee−$125

Grocery cap reached at $12,000 — remaining $780 earns at base rate (losing ~$31 vs uncapped)

Total lost to caps: $31/yr across 1 category

$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 spendingNeo World Elite Mastercard—$993Year 1 value

+$623 more than RBC Cash Back Preferred World Elite Mastercard

Scroll down for the full breakdown

Earn Rates by Category

Wallet Optimizer

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The Bottom Line

Neo World Elite Mastercard wins by $623/yr — strongest in groceries

Neo World Elite Mastercard earns $416 more on groceries
Neo World Elite Mastercard earns $120 more on bills & utilities

Groceries: +$416Bills & Utilities: +$120Everything Else: +$60

Showing Year 1 analysis

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

Things to Consider

Neo World Elite Mastercard: Groceries cap limits earning — losing ~$31/yr above cap

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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