PC Financial Mastercard Review: One Of Canada’s Top Cards

September 13, 2021
Reviews
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If you regularly shop at Loblaw-owned or affiliated stores like the No Frills, Zehrs, Real Canadian Superstore, Shoppers Drug Mart, and Valu-Mart, then the PC Financial Mastercard credit cards are a great option to earn free groceries and PC Optimum points.

They are an excellent choice if you want to apply for a cashback card that doesn’t charge fees, considering that their rewards earning rates are as high as 4.5% when using your President’s Choice World Elite Mastercard in Canada.

In this review post, I’ll cover the features, advantages, and eligibility criteria of the PC Financial Mastercard family of credit cards, going through the PC Financial Mastercard, PC Financial World Mastercard, and PC Financial World Elite Mastercard.

#1 PC Financial Mastercard

PC-Financial-Mastercard

The President’s Choice Financial Mastercard is the first in its line of credit cards and has the following features:

  • No annual fee.
  • No income eligibility.
  • An interest rate of 0.97% on balance transfers during the 6 first months.
  • A purchase interest annual percentage rate of 19.97%.
  • A cash advance annual percentage rate of 22.97%.
  • Possibility of adding up to four additional users for free.

As for PC Optimum point earn rates using the card, you have the following:

  • 25 PC Optimum points per dollar at Shoppers Drug Mart
  • 30 points per litre of gas at Esso Mobil
  • 20 points per dollar at PC Travel
  • 10 points per dollar at all PC member grocery stores, like Real Canadian Superstore
  • 10 points per dollar everywhere else

Who Is The PC Financial Mastercard For?

This card will be useful for anyone who doesn’t meet the qualifying criteria for the premium cards or doesn’t want the additional features of the other cards.

#2 PC Financial World Mastercard

PC-Financial-World-Mastercard

The President’s Choice Financial World Mastercard is an upgraded version of their basic Mastercard and has the following features:

  • No annual fees
  • Income eligibility of $60,000 per year minimum personal income (or $100,000 household income)
  • An interest rate of 0.97% on balance transfers during the first 6 months.
  • A cash advance annual percentage rate of 22.97%.
  • A purchase interest annual percentage rate of 19.97%.
  • Possibility of adding up to four additional users for free.
  • 24/7 concierge service.
  • Mastercard Global Service protection.
  • Purchase Assurance and Extended Warranty.
  • Mastercard Global Service protection.
  • Purchase Assurance and Extended Warranty.

As for PC Optimum point earning rates, this card will grant you:

  • 35 PC Optimum points per dollar at Shoppers Drug Mart
  • 30 points per litre of gas at Esso Mobil
  • 20 points per dollar at PC Travel
  • 20 points per dollar at all PC member grocery stores, like Real Canadian Superstore
  • 10 points per dollar everywhere else

If you have a PC Financial Mastercard, you can upgrade to the “World” version if you spend at least $15,000 on it every year.

Who Is The PC Financial World Mastercard For?

This card is ideal for PC Optimum users who fulfill the income requirements and want the protection offered by purchase assurance and extended warranty the card provides.

#3 PC Financial World Elite Mastercard

PC-Financial-World-Elite-Mastercard

The President’s Choice Financial World Elite Mastercard is their most premium credit card. Considering it’s a World Elite Mastercard, the fact that it has no annual fees is pretty impressive.

As for its features, you have:

  • No annual fees
  • Income eligibility of $80,000 per year minimum personal income (or $150,000 household income)
  • An interest rate of 0.97% for balance transfers during the first 6 months
  • A purchase interest annual percentage rate of 19.97%.
  • A cash advance annual percentage rate of 22.97%.
  • Possibility of adding up to four additional users for free.
  • 24/7 concierge service.
  • Mastercard Global Service protection.
  • Purchase Assurance and Extended Warranty.
  • Travel Emergency Medical Insurance.
  • Car Rental/Collision Loss Damage Waiver Insurance.

As for PC Optimum point earn rates, you have:

  • 45 PC Optimum Points points per dollar at Shoppers Drug Mart
  • 30 points per litre of gas at Esso Mobil
  • 30 points per dollar at PC Travel
  • 30 points per dollar at all PC grocery stores, like Real Canadian Superstore and No Frills
  • 10 points per dollar everywhere else

If you already have a PC Financial Mastercard or a PC Financial World Mastercard, you may apply for the World Elite if you fulfill the income requirement and make at least $25,000 in purchases on your card each year.

Who Is The PC Financial World Elite Mastercard For?

The PC Financial World Elite card is ideal for Shoppers Drug Mart and President’s Choice grocery shop customers who want the additional perks accessible with this card.

PC Optimum App

It’s worth mentioning that PC Financial has a mobile app that consolidates all of your credit card activities, including maintaining your records and checking your PC Optimum points.

PC Financial’s app is available on iOS and Android, and it supports Google and Apple Pay.

In Summary

If you’re looking for a cash-back card that doesn’t charge fees, consider applying for the PC Financial Mastercard credit card.

They offer 4.5% in rewards when used at Canada-based stores like Loblaw and similar other stores. It’s an excellent choice if you want to earn free groceries and points on your purchases, so apply today and get the PC Financial Mastercard credit card that best suits your lifestyle.

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