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The suite of PC Financial Mastercard credit cards are excellent for earning PC Optimum points and free groceries if you regularly shop at Loblaw owned or affiliated stores like the Real Canadian Superstore, Shoppers Drug Mart, No Frills, Zehrs, Valu-Mart and Esso.

With rewards earning rates as high as 4.5% when you shop using your PC Financial World Elite Mastercard, the President’s Choice Financial Mastercards are great options if you are looking to apply for a no-fee cash back credit card in Canada.

This review covers the features, benefits and eligibility requirements for the PC Financial Mastercard, PC Financial World Mastercard, and PC Financial World Elite Mastercard.

For more information on how PC Optimum points work and how to maximize your rewards, read my post here.

For a limited time, you also get a $99 bonus upon activation when you apply for any of the PC Financial Mastercards.

PC Financial Mastercards

President’s Choice Mastercard Review

The President’s Choice Financial Mastercard is the entry-level card in their series of cards and has the following specifications:

  • Annual Fee: $0
  • Income eligibility: None
  • Balance transfer: 0.97% for 6 months
  • Purchase APR: 19.97%
  • Cash Advance APR: 22.97%

1. Earn 25 PC Optimum points per $1 spent at Shoppers Drug Mart (2.5% rewards rate).

2. Earn 30 points per litre of gas purchased at Esso/Mobil stations.

3. Earn 20 points (2%) per $1 spent at PC Travel.

4. Earn 10 points (1%) per $1 spent at PC Travel.

5. Enjoy a 0.97% promotional interest rate on balance transfers for 6 months.

6. Free purchase security and extended warranty.

7. Free additional cards for family members (up to 4).

The PC Optimum points above include the points you earn as a regular PC Optimum member.

You can redeem your PC Optimum points starting from 10,000 points (equivalent to $10) for free groceries or products at any of the participating stores or online at Joe Fresh, Beauty Boutique and PC Express.

PC Optimum rewards example using the base PC Financial Mastercard:

Assuming you spend $1,200 monthly using your card ($600 groceries, $200 gas, $100 travel and $300 everything else), you will earn at least up to $156 in free groceries per year.

PC Financial Mastercard rewards

PC Financial World Mastercard Review

The President’s Choice Financial World Mastercard is a step-up from their basic Mastercard offering and has the following specs:

  • Annual fee: $0
  • Income eligibility: $60,000 per year minimum personal income or $100,000 household income
  • Balance transfer: 0.97% promo rate for 6 months
  • Cash advance APR: 22.97%
  • Purchase APR: 19.97%

1. Earn 35 PC Optimum points per $1 spent at Shoppers Drug Mart (3.5% rewards rate).

2. Earn 30 points per litre of gas at Esso/Mobil stations.

3. Earn 20 points per $1 spent at PC Travel Services.

4. Earn 20 points per $1 spent in Loblaw grocery stores.

5. Earn 10 points per $1 on all other purchases.

6. 24/7 concierge services provided by Assurant Services Canada.

7. Free purchase protection and extended warranty.

8. Free additional cards – up to 4.

If you already have a PC Financial Mastercard, you can upgrade to the ‘World’ version without needing to meet the income requirements if you spend at least $15,000 using your card per year.

Assuming the same monthly spending I used earlier, you earn at least up to $228 in free groceries per year using the PC Financial World Mastercard.

PC Financial World Mastercard

PC Financial World Elite Mastercard Review

The President’s Choice Financial World Elite Mastercard is their top-of-the-line credit card. It is noteworthy as a ‘World Elite Mastercard’ with no annual fees.

  • Annual fee: $0
  • Income eligibility: $80,000 per year minimum personal income or $150,000 household income
  • Balance transfer: 0.97% promo rate for 6 months
  • Purchase APR: 19.97%
  • Cash advance APR: 22.97%

1. Earn 45 PC Optimum points per $1 spent at Shoppers Drug Mart (4.5% rewards rate).

2. Earn 30 points per $1 spent at Loblaws grocery stores (3% rewards rate).

3. Earn 30 points per litre of gas purchased at Esso/Mobil stations.

4. Earn 30 points per $1 spent on travel through PC Travel.

5. Earn 10 points per $1 spent on all other purchases.

6. Travel emergency medical insurance for trips up to 10 days if you are under age 65.

7. Car rental collision/loss damage waiver insurance for up to 31 consecutive days and an MSRP of $65,000.

8. Identity theft assistance and 24/7 concierge service.

9. Free purchase protection and extended warranty.

If you currently have either of the PC Financial Mastercard or PC Financial World Mastercard, you can apply for the World Elite if you meet the income requirement and/or spend a minimum of $25,000 annually using your card.

Again, assuming the same monthly spending of $1,200 as above for the two other cards, you can easily earn $312 in free groceries using your PC Financial World Elite Mastercard.

PC Financial World Elite Mastercard..

PC Mastercard App

PC Financial has a mobile app that makes it easy to manage your credit card, view your transactions and check your PC Optimum points all-in-one place. The PC Financial app is available on iOS and Android and it supports Google and Apple Pay.

In addition to the app, you can easily access your account online through their website.

Are the PC Financial Mastercards For You?

I personally use the PC Financial World Elite Mastercard and have averaged more than $750 per year in free groceries over the last 3 years.

The PC Optimum points calculations I showed earlier do not take into consideration all the other opportunities to increase your rewards e.g. through their weekly offers, bonus points events and more.

If you are a PC Optimum member and purchase grocery or household items from Superstore, Loblaws, Independent, NoFrills, Fortinos and Shoppers Drug Mart, the PC Financial Mastercards are excellent for increasing the value of free groceries you can score.

BONUS

For a limited time, get a free $99 bonus when you apply for any of the PC Financial Mastercards below:

Apply for a PC Financial Mastercard here.

Apply for a PC Financial World Mastercard here.

Apply for a PC Financial World Elite Mastercard here.

Other no-fee cards that are worth considering if you are looking for no-fee cash back credit cards in Canada are:

 

President's Choice Financial Mastercards Reviews
4.8

Summary

A review of the PC Financial Mastercard, PC Financial World Mastercard and the PC Financial World Elite Mastercard.