The RBC Cash Back Preferred World Elite Mastercard allows holders to earn cash back everywhere they shop. Cardholders will earn 1.5% cash back on all purchases up to a maximum spend cap of $25,000, and if that cap is exceeded they will earn 1% on all purchases thereafter. Cardholders may also benefit from a welcome bonus of 1.75% cash back on all purchases for the first 6 months of membership, up to a maximum earnings cap of $437.50. At an annual fee of $99, and with an income requirement of a minimum personal income of $80,000 or minimum household income of $150,000, this card also offers purchase protection, extended warranty, and a complimentary Boingo Wi-Fi account, as well as access to World Elite Mastercard experiences and offers. When considering the annual fee, this card doesn’t offer a great rate of return or insurance coverage. The 1.5% cash back could still bring you some earnings, and the complimentary Boingo Wi-Fi account is a unique benefit, that allows cardholders to access hotspots worldwide, and could be extremely beneficial to some. All in all though, unless you’re really into that exclusive Boingo Wi-Fi perk, this card may not be worth the $99 even if you meet the minimum income requirement.

As per our rating system, this card scored 20/25 on rewards, 16/25 on interest rates and balance transfers, 11/25 on perks and insurance, and 20/25 on annual fees. Therefore, the total smart score of this card is 67/100.