Best PC Financial Credit Cards in Canada for 2021


Best PC Financial Credit Cards

With the PC Financial credit cards below, you can earn and save on everyday purchases such as groceries and toiletries. The PC Optimum program is a great way to earn PC points.

As a PC Optimum loyalty member, you can earn on everyday purchases with PC partner merchants, such as Loblaws, Shoppers Drug Mart, Joe Fresh and many more. 

 

President’s Choice Financial Mastercard Review

The President's Choice Financial MasterCard is a basic no-fee credit card that is ideal for families and individuals who frequent stores where President's Choice products are sold, including Joe Fresh, Loblaws, Real Canadian Superstore, and more. 


  • Annual Fee: $0
  • Additional Card Fee: $0
  • Purchases Interest Rate:19.97%
  • Cash Advance Interest Rate:22.97%
  • Balance transfer rate:0.97% for 6 months





Rewards

  • 25 points per $1 at Shoppers Drug Mart and Pharmaprix
  • 30 points per litre at Esso and Mobil gas stations
  • 20 points per $1 at PC Travel
  • 10 points per $1 everywhere else

Features

  • Free Purchase Assurance: In the event of theft, loss or damage
  • Free Extended Warranty: Doubles the manufacturer's regular warranty for up to an additional year
  • Authorized users: Add up to four free additional cards on your account

Eligibility

The PC Financial Mastercard does not have a minimum individual or household income required.

If you would like to learn more about the pros and cons of this credit card, read our complete PC Financial Mastercard Review.

 

 President’s Choice Financial World Mastercard Review


This card is an enhanced version of the President's Choice Financial MasterCard with a higher earn rate at Shoppers Drug Mart along with additional features.

  • Annual Fee: $0
  • Additional Card Fee: $0
  • Purchases Interest Rate:19.97%
  • Cash Advance Interest Rate:22.97%
  • Balance transfer rate:0.97% for 6 months

Rewards

  • 35 points per $1 at Shoppers Drug Mart and Pharmaprix
  • 30 points per litre at Esso and Mobil gas stations
  • 20 points per $1 at PC Travel
  • 10 points per $1 everywhere else

 Features

  • Concierge service:24/7 concierge service to make dinner reservations, reserve event tickets, deliver gifts and more
  • Free Purchase Assurance: In the event of theft, loss or damage
  • Free Extended Warranty: Doubles the manufacturer's regular warranty for up to an additional year
  • Authorized users: Add up to four free additional cards on your account

Eligibility

A minimum annual personal income of $60,000 or household income of $100,000 is required for a new PC Financial World Mastercard.

If you would like to learn more about the pros and cons of this credit card, read our complete President’s Choice Financial World Mastercard Review.


PC Financial World Elite Mastercard Review


This credit card is PC Financial’s best credit card with many World Elite features and benefits and no annual fee.

 The PC Financial World Elite Mastercard 

  • Annual Fee: $0
  • Additional Card Fee: $0
  • Purchases Interest Rate:19.97%
  • Cash Advance Interest Rate:22.97%
  • Balance transfer rate:0.97% for 6 months

Rewards

  • 45 points per $1 at Shoppers Drug Mart and Pharmaprix
  • 30 points per litre at Esso and Mobil gas stations
  • 30 points per $1 at PC Travel
  • 10 points per $1 everywhere else

 Features

  • Concierge service:24/7 concierge service to make dinner reservations, reserve event tickets, deliver gifts and more
  • Travel Emergency Medical Insurance
  • Car Rental Collision/Loss Damage Waiver Insurance
  • Free Purchase Assurance: In the event of theft, loss or damage
  • Free Extended Warranty: Doubles the manufacturer's regular warranty for up to an additional year
  • Identity Theft Assistant Service: To help you avoid identity theft or restore your identity.
  • Authorized users: Add up to four free additional cards on your account

 

Eligibility

A minimum annual personal income of $80,000 or household income of $150,000 is required for a new PC Financial® World Elite Mastercard®.

 If you would like to learn more about the pros and cons of this credit card, read our complete PC Financial World Elite Mastercard Review.

 

PC Optimum points value

 Once you earn 10,000 points you can redeem for up to $10 worth of free products and groceries at any participating stores or online at Beautyboutique.ca, JoeFresh.ca and PC Express websites.

Redeem PC Optimum Points

Your PC optimum points could be redeemed at thousands of retailers across Canada such as:

  • Shoppers Drug Mart
  • Loblaws
  • No Frills
  • Real Canadian Superstore

PC Mastercard app

You can download the PC mobile app to manage your account and keep track of your transactions and points everywhere through your mobile device (iPhone, Android device, iPad, or tablet).

Whether or not PC Financial Credit Cards are right for you depends on your personal preferences. For more information or to other a stronger understanding of the cards’benefits, compare PC Financial Mastercard today.

President's Choice Financial  Mastercard
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Details
Annual Fee: $0
Purchases Interest Rate: 19.97%
Cash Advance Interest Rate: 22.97%
Min Income Requirement: $15000
Why Apply:
  • Easy application
  • Decent return
  • Transparent reward system
  • Free additional cards
  • Purchase benefits
Recommended Credit Score:
670 900
Average to Excellent
Apply Nowlock On PC Financial's Secure Website

0.97% Promotional balance transfers for 6 months


The President's Choice Financial MasterCard is a basic no-fee credit card that is ideal for families and individuals who frequent stores where President's Choice products are sold, including Joe Fresh, Loblaws, Real Canadian Superstore, and more. It's a good way to get the most out of your weekly grocery run but may not be the best choice if you want to carry a balance or use your rewards for cash back or travel.

Easy application -With no annual fee and no minimum income requirement, this credit card appeals to young families.
  • Decent return - For a no-fee card, it gives you a good return when you shop at affiliated stores.
  • Transparent reward system -?The no-nonsense reward system makes it easy for you to calculate your potential rewards.
  • Free additional cards - Get up to four free additional cards that you can link to your account to help boost your points.
  • Purchase benefits - This credit card gives free purchase assurance in the first 90 days and doubles the manufacturer?s regular warranty for up to an additional year

Overall, the PC Financial Mastercard is a phenomenal choice! Not only does the card have no annual fee, card holders also benefit from easy to obtain PC points. Points can be earned when running your errands, such as filling up on gas and buying groceries. When you want to redeem them, you can go to eligible locations and get your food or other necessities for free!

 

All of the other fees, such as interest, over limit and returned payment fees, are fairly standard when compared to the industry benchmarks. However, most of these fees can be avoided so long as you manage the credit card responsibly by making payments on time and in full. Lastly, this card does not have any limitations or requirements aside from a routine credit check when you apply.

 

Another benefit to using this credit card is working with PC Financial. Unlike other traditional banks, PC Financial doesn't offer all the fancy services and gimmicks. Although, that means that your fees will naturally be lower since the bank doesn?t pay for things like physical branches and tons of employee?s salaries. Yet another thing to save on!

 

In conclusion, this credit card is affordable when compared to industry standards, rewards can be earned and redeemed on necessary purchases like food and gas, and it is accessible to essentially every Canadian. Let?s give it up for PC Financial's Mastercard!

President's Choice Financial Mastercard is a great credit card for those who like to earn and redeem Optimum points at all the partners locations.The President's Choice Financial MasterCard is a basic no-fee credit card that is ideal for families and individuals who frequent stores where President's Choice products are sold, including Joe Fresh, Loblaws, Real Canadian Superstore, and more. It's a good way to get the most out of your weekly grocery run but may not be the best choice if you want to carry a balance or use your rewards for cash back or travel.

The President's Choice Financial Mastercard has 2 close cousins worth reading about:

 PC Financial World MasterCard

 PC Financial World Elite MasterCard

 

PC World Elite Mastercard
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Apply Now
Details
Annual Fee: $0
Purchases Interest Rate: 19.97%
Cash Advance Interest Rate: 22.97%
Min Income Requirement: $80000
Why Apply:
  • Easy application
  • Decent return
  • Transparent reward system
  • Free additional cards
  • Purchase benefits
Recommended Credit Score:
670 900
Average to Excellent
Apply Nowlock On PC Financial's Secure Website

At no annual fee, the President?s Choice Financial World Elite MasterCard lets you get the fastest points towards free groceries. It also comes with other great offers ? a travel emergency medical insurance of up to 10 days and car rental collision or loss damage waiver insurance. With these added benefits at zero yearly cost, we consider this the best credit card for travel insurance coverage.

Easy application -With no annual fee and no minimum income requirement, this credit card appeals to young families.
  • Decent return - For a no-fee card, it gives you a good return when you shop at affiliated stores.
  • Transparent reward system - The no-nonsense reward system makes it easy for you to calculate your potential rewards.
  • Free additional cards - Get up to four free additional cards that you can link to your account to help boost your points.
  • Purchase benefits - This credit card gives free purchase assurance in the first 90 days and doubles the manufacturer?s regular warranty for up to an additional year.

Similarly to the PC Financial World Mastercard, this card shares a lot of the same features as the PC Financial Mastercard. However, this credit card also has income limitations. In order to obtain the PC Financial World Elite Mastercard, you must earn $80,000 per year yourself or $150,000 within your household. Alternatively, you can upgrade to this card if you?re a PC Financial World Mastercard user and you spend a minimum of $25,000 per year using it.

 

With this version of the PC Mastercard, you earn the most points on purchases out of all three types. Keep in mind that it?s fantastic to earn more points and reap more benefits, but it?s even better if you can avoid overspending where possible. It?s easy to get caught up in spending when there are benefits attached to it, but try not to lose sight of the importance of preservation of your personal finances. Credit cards are meant to compliment your financial habits, not make your life more stressful!

 

All in all, this credit card is cheap compared to the industry benchmarks and has easily accessible benefits.
Great credit card for those who like to earn and redeem Optimum points at all the partners locations.


In case you do not meet the income requirements for the PC Financial World Elite MasterCard please check 2 other PC Financial credit cards:

 PC Financial World MasterCard

 President's Choice Financial Mastercard

PC FINANCIAL CREDIT CARDS FAQ

Does PC financial MasterCard have car rental insurance? 

The PC Financial Mastercard that has card rental insurance is the Presidents Choice Financial World Elite Mastercard. This card offers Car Rental Collision/Loss Damage Waiver Insurance. It provides Collision damage and theft protection for your car rental needs. Read our review on the PC World Elite Mastercard here.


What credit score do I need for a PC MasterCard? 

The credit score needed to get approved for a PC Mastercard credit card is between fair to good which means 680 to 750.

For the Presidents Choice Financial World Elite Mastercard the credit score needed is good to excellent (700 to 850).


How to get PC Financial MasterCard?

You can go to the PC Financial President's Choice website and apply online.

You can apply in person at participating supermarkets everywhere in Canada.

You can apply in person at participating locations with a President's Choice Financial pavilion or in-store representative.


Does PC MasterCard have trip cancellation insurance?

PC financial offers travel emergency insurance but do not offer trip cancellation insurance. Please review the certificate of insurance for details.


What is the credit limit on a pc financial mastercard? 

Credit card issuers will determine your credit limit through a convoluted process called underwriting. The higher the credit limit, the more that the Credit card issuers indicate that it trusts a borrower to repay the debt. The credit limit will depend on your credit score and existing debts.

Author Bio

User
Mohamed Konate

Mohamed Konate is a personal finance expert, blogger, and marketing consultant based out of Toronto. He is a former financial services professional who worked for many years at major Canadian financial institutions where he managed the marketing strategy around various financial products ranging from credit cards to lines of credit. Mohamed is passionate about personal finance and holds a Bachelor in Business Administration from the University of Quebec (Montreal) and a Master in International Business from the University of Sherbrooke (Quebec).He is also the author of the Canadian Credit Card Guidebook.