PC Financial World Mastercard Review 2022

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by Enoch Omololu


Advertiser Disclosure

If you are a frequent shopper at the Real Canadian Superstore or other Loblaws banner stores, the PC Financial World Mastercard can help you earn PC Optimum points at a faster rate.

In addition to a flat-rate 2% rewards rate on grocery shopping, you also earn points when you make purchases at Shoppers Drug Mart or buy gas at Esso and participating Mobil gas stations.

The card offers standard purchase protection and extended warranty coverage, plus an interesting low-interest balance transfer rate.

This review of the PC Financial World Mastercard covers its benefits, downsides, PC Optimum points offer, and alternative cards.

PC Financial World Mastercard – At a Glance

  • $0 annual fee
  • Earn 20 Optimum points per $1 at Loblaws grocery stores
  • Earn 35 points per $1 at Esso and Mobil
  • Earn 20 points per $1 at PC Travel
  • Earn 10 points per $1 spent everywhere else
  • 0.97% promotional balance transfer for 6 months
  • 20.97% purchase interest rate
  • 22.97% cash advance interest rate
  • $60,000 minimum personal income to qualify
PC Financial World Mastercard.

PC Financial World Mastercard Benefits

Cash Back Rewards

PC Financial World Mastercard holders earn 20 points per dollar when they shop for groceries at Loblaws stores including Superstore, No Frills, Wholesale Club, and independent.

This translates to a 2% reward rate and is comparable to some of the best offers by no-fee cash back credit cards in Canada.

For purchases at Shoppers Drug Mart, you earn 35 points per dollar. After factoring in the 15 points all PC Optimum members get at this store, your earn rate is 2%.

When you buy gas at Esso and participating Mobil gas stations, you get at least 30 points per litre. Again, after factoring in the 10 points per litre available to Optimum members, your reward rate on gas purchases is at least 2%.

Cardholders who use the PC Financial World Mastercard to book travel through PC Travel Services earn an extra 10 points per dollar spent for a total of 20 points per dollar.

Lastly, you earn 10 points per dollar for all other purchases charged to your card.

Insurance Benefits and Other Perks

The PC Financial World Mastercard provides free purchase protection and an extended warranty.

The purchase protection means you are covered against theft, loss, or damage for 90 days when you pay in full using your card. As for the extended warranty, it extends the standard manufacturer’s warranty for up to one extra year.

New cardholders can take advantage of a 0.97% promotional balance transfer rate for the first 6 months.

To wrap up on this card’s benefits, you enjoy a 24/7 concierge service you can use for events registration, medical assistance, and emergency assistance.

Downsides of the Card

You will need to earn a personal income of at least $60,000 to qualify for this credit card. Alternatively, couples can qualify based on a $100,000 household income.

The PC Financial World Mastercard does not offer any travel benefits which is a downer for a World Mastercard. Also, PC Optimum points can only be redeemed at stores where PC products are marketed.

How To Redeem Your PC Optimum Points

You can redeem 10,000 Optimum Points for $10. The minimum redemption amount is 10,000 points and it increases in increments of 10,000 points.

You earn PC Optimum points at more than 4,500 stores across Canada. And, can easily redeem your points at approximately 2,500 stores including Superstore, No Frills, Joe Fresh, Shoppers Drug Mart, Maxi, Provigo, Pharmaprix, and more.

The PC Optimum app tracks your transactions, points, and personalized offers.

PC Financial World vs. PC Financial World Elite Mastercard

President’s Choice Financial offers three Mastercards as follows:

  • PC Financial Mastercard
  • PC Financial World Mastercard
  • PC Financial World Elite Mastercard

When you apply for the PC Financial World Mastercard, you may be automatically upgraded to the PC Financial World Elite if your income level qualifies.

Overall, you earn more points with the World Elite (up to 4.5% at Shoppers Drug Mart) and it offers a lot more insurance and travel benefits.

The table below compares all three PC Financial Mastercards.

Credit CardsPC Financial World MastercardPC Financial MastercardPC Financial World Elite Mastercard
Annual fee$0$0$0
Minimum eligible income$60,000 personal or $100,000 household incomeN/A$80,000 personal or $150,000 household income
Optimum Points at Loblaws grocery stores20 points per $110 points per $130 points per $1
Optimum Points at Shoppers Drug Mart35 points per $125 points per $145 points per $1
Optimum Points at Esso/Mobil30 points per litre30 points per litre30 points per litre
Optimum Points at PC Travel20 points per $120 points per $120 points per $1
Optimum Points elsewhere10 points per $110 points per $110 points per $1
Balance transfer promo for 6 months0.97%0.97%0.97%
Purchase interest rate20.97%20.97%20.97%
Cash advance interest rate22.97%22.97%22.97%
Insurance benefitsPurchase Assurance and Extended warrantyPurchase Assurance and Extended warrantyTravel emergency medical and car rental insurance; Purchase assurance and Extended warranty
Other perks24/7 concierge service; Free supplementary cardsFree supplementary cardsIdentity theft assistance service; 24/7 concierge service
ReviewLearn MoreLearn More

PC Financial World Mastercard vs. Tangerine World Mastercard

If you meet the $60,000 personal income needed to qualify for the PC Financial World Mastercard, you can also take a look at the Tangerine World Mastercard offered by Tangerine Bank.

Tangerine World Mastercard has the following features:

  • $0 annual fee
  • Up to 2% unlimited cash back on up to three categories of spending and 0.50% on all other purchases
  • Rental collision/loss damage insurance for up to 31 consecutive days
  • Mobile device insurance up to $1,000 for smartphones and tablets
  • Free Global Wi-Fi via Boingo Wi-Fi for Mastercard
  • Complimentary membership in Mastercard Airport Experiences provided by Loungekey with access to over 1,000 lounges
  • 1.95% promotional balance transfer rate for 6 months
  • Mastercard Travel Rewards

The 2% cash back categories offered by this card include groceries, restaurants, gas, recurring bill payments, entertainment, public transportation, hotel/motel, and more.

Cash back is paid out every month and when you deposit yours into a free Tangerine Savings Account, you get a third 2% money-back category.

Unlike the PC Financial World card, the Tangerine World Mastercard provides a noteworthy travel benefit with exclusive access to VIP airport lounges, rental car insurance, and free Wi-Fi.

Get more details about the card in this Tangerine World Mastercard review.


The PC Financial World Mastercard is a slight step up from its entry-level counterpart, the PC Financial Mastercard.

With a 2% cash back rate on grocery purchases at Loblaws stores, it is definitely worth taking a look at.

If you prefer a no-fee credit card with premium features and more flexibility to use your cash back rewards, the Tangerine World Mastercard is a top contender.

PC Financial World Mastercard Review


The PC Financial World Mastercard offers 20 Optimum points per $1 spent at Loblaw stores. This review compares it with other PC Financial credit cards and the Tangerine World Mastercard.


  • $0 annual fee
  • Earn 20 Optimum points per $1 at Loblaws stores and 35 points per $1 at Shoppers Drug Mart
  • Promotional low-rate balance transfer for 6 months
  • 24/7 concierge service


  • High minimum personal income requirement
  • PC Optimum points can only be redeemed at Loblaws stores
  • Has no travel insurance benefits

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Enoch Omololu

Enoch Omololu is a personal finance expert and a veterinarian. He has a master’s degree in Finance and Investment Management from the University of Aberdeen Business School (Scotland) and has completed several courses and certificates in finance, including the Canadian Securities Course. He also has an MSc. in Agricultural Economics from the University of Manitoba and a Doctor of Veterinary Medicine degree from the University of Ibadan. Enoch has a passion for helping others win with their personal finances and has been writing about money matters for over a decade. He has been featured or quoted in The Globe and Mail, Winnipeg Free Press, Wealthsimple, Financial Post, Toronto Star, CTV News, Canadian Securities Exchange, Credit Canada, National Post, CIBC, and many other personal finance publications.

His top investment tools include Wealthsimple and Questrade. He earns cash back on purchases using KOHO, monitors his credit score for free using Borrowell, and earns interest on savings through EQ Bank.

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