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

The Rogers Red WE has no annual fee, while the RBC Cash Back Preferred World Elite Mastercard charges $120/year.

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

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

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

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

Rogers Red WE edges ahead by $196/yr

Rogers Red WE earns $36 more on travel
$120 lower annual fee

Travel: +$36

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

Rogers Red WE: $30/yr in foreign transaction fees

Showing Year 1 analysis

Dollar Value

$370

/first year

0.9% effective$31/mo

vs 1% no-fee card: −$49

Annual rewards earned+$520

FX costs−$30

Annual fee−$120

Winner

$566

/first year

1.4% effective$47/mo

vs 1% no-fee card: +$147

Annual rewards earned+$556

Welcome bonus+$40

FX costs−$30

Annual fee−$0

Best for your spendingRogers Red WE—$566Year 1 value

+$196 more than RBC Cash Back Preferred World Elite Mastercard

Scroll down for the full breakdown

Earn Rates by Category

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The Bottom Line

Rogers Red WE edges ahead by $196/yr

Rogers Red WE earns $36 more on travel
$120 lower annual fee

Travel: +$36

Showing Year 1 analysis

Rogers Red WE 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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