Royal Bank of Canada stock gets broader cash-back rewards
Published on 11/12/2026 at 14:07 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSRBC expands card rewards
- Royal Bank of Canada raised cash-back rates across everyday spending categories and removed earning caps on two cards.
- Customers will gain more control over redemptions through online banking and the mobile app.
- The Preferred World Elite card adds insurance benefits, while the standard card keeps no annual fee.
Royal Bank of Canada announced on November 2 that it is expanding rewards on the RBC Cash Back Mastercard and the RBC Cash Back Preferred World Elite Mastercard. The changes target everyday spending and add more flexibility for customers who want to claim rewards outside the traditional annual cycle, according to a Financial Times company announcement.
Higher rates across daily spending
The standard RBC Cash Back Mastercard now offers unlimited 2% cash back on groceries, 1% on gas, electric-vehicle charging, rideshare and transit, and 0.5% on other net purchases. The new earning structure took effect automatically for existing and new cardholders on October 1.
The Preferred World Elite Mastercard offers unlimited 3% cash back on groceries, dining, gas, electric-vehicle charging, transit, rideshare, streaming and digital gaming. Other net purchases earn 1%. The card also adds out-of-province and out-of-country emergency medical coverage, flight-delay and delayed-baggage insurance, and mobile-device insurance.
RBC Executive Vice President of Cards and Loyalty Vinita Savani said the revised rates are designed to align rewards with frequent household spending. The company also highlighted access to partnerships through its Avion Rewards loyalty program.
Redemptions become more flexible
From December, cardholders will be able to redeem cash back at any time through RBC Online Banking or the RBC Mobile app once their balance reaches 1 dollar. RBC said balances can be checked through either channel and rewards will accumulate indefinitely, giving customers more control over when they claim them.
The Preferred World Elite card carries an annual fee of 120 Canadian dollars for the primary cardholder and 50 Canadian dollars for each additional cardholder. The standard RBC Cash Back Mastercard retains its 0-dollar annual fee.
Royal Bank of Canada stock traded at 184.62 euros on Lang & Schwarz at 14:03 CET on Thursday, November 12, 2026.
Royal Bank of Canada stock
- Company: Royal Bank of Canada
- ISIN: CA7800871021
- Ticker: RY
- Lang & Schwarz price: 184.62 euros at 14:03 CET on Thursday, November 12, 2026
Canadian financial stocks remain part of the broader market picture; see Current market reports and the S&P/TSX Composite.
