Application Guidance

How to apply for the RBC Cash Back Preferred World Elite Mastercard

The RBC Cash Back Preferred World Elite Mastercard is designed for consumers who want strong cash back rewards combined with travel protections and premium cardholder perks. With elevated rewards on essential spending categories like gas and groceries and a simple earning structure, it can work well as a primary everyday credit card for higher-income cardholders. While the card does charge an annual fee and requires a higher income threshold, it compensates with unlimited cash back potential and useful travel insurance coverage. For people who travel occasionally and spend regularly on everyday essentials, the card can deliver consistent value throughout the year. This card is a good option if you: The RBC Cash Back Preferred World Elite Mastercard is especially suitable for certain types of cardholders. It tends to make the most sense if your financial profile and spending habits match the card’s strengths. You may benefit from this card if you: 💰 Have a personal income of at least $80,000 or household income of $150,000 ⛽ Spend frequently on gas purchases 🛒 Regularly shop for groceries ✈️ Travel occasionally and…
Investing

First Home Savings Account (FHSA) from RBC

The First Home Savings Account (FHSA) is a registered savings account designed to help first-time homebuyers save for a down payment with tax-advantaged treatment. It combines tax-deductible contributions and tax-free withdrawals for qualifying home purchases, making it a useful tool for anyone planning to buy their first home. Opening an FHSA through the RBC Mobile App is quick and straightforward. The app allows you to open the account inside one of three RBC platforms and complete basic identity verification from your phone. Quick outline Open RBC Mobile and go to More Scroll to Products and choose Open an account Choose Investments and select the platform (RBC InvestEase, RBC Royal Bank, or RBC Direct Investing) Choose New First Home Savings Account and verify name and date of birth Set contribution goals and automate deposits if desired Step-by-step: Opening an FHSA in the RBC Mobile App Open the RBC Mobile App and tap More in the bottom-right corner. Scroll down to the Products section and select Open an account. On the Open an account page, scroll to the bottom and tap Investments.…