With the PC Financial World Mastercard, you get more bang for your no annual fee. Use it everywhere you shop to earn PC Optimum points toward free rewards. In PC stores 20 PC Points per $1 20 PC Points per $1 at Shoppers Drug Mart Bonus of 2 cents per litre in PC points at Esso 20 PC Points per $1 at PC Travel 20 PC Points per $1 for PC Mobile Montlhy service Everywhere else 10 PC Points per $1
Interest Rate: 19.97%
Fees:
- Annual: $0
- Balance transfer: 0.97%
- Cash advance: $3.50 inside Canada, $5 outside Canada, plus 22.97% interest on overdue amounts
- Foreign transaction: 2.5% per transaction
- Missed or late payments: increased interest rates to 25.97% on all purchases and 27.97% on cash advances after two missed minimum payments
- Over limit: $29
- Returned payment: $42
Our experts have compiled a list of the best cards in Canada in each major category, from cash back and low rate to balance transfers and more. Explore our top picks and find the best credit card for you.
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Priority airport services
No
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Airport lounge access
No
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Concierge service
No
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Balance protection(Optional)
Yes
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Purchase Security & Extended Protection Insurance
Yes
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Flight delay insurance,Baggage Insurance
No
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Vehicle rental insurance
No
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Travel accident insurance
No
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Travel medical insurance
No
- Annual Fee: $0
- Additional Card Fee: $0
- Purchases Interest Rate: 19.97%
- Cash Advance Interest Rate: 22.97%
- You're a Canadian resident
- You've reached the age of majority in your province or territory
Rewards:
Earn PC points on every purchase, including extra points at Shoppers Drug Mart, Esso, PC Travel and Mobil. Points can be redeemed at Loblaws, No Frills, PC Travel and Shoppers Drug Mart/Pharmaprix. Ten dollars is equal to 10,000 PC points. With this credit card level, card holders earn more points per purchase.
The PC Financial World Mastercard is essentially the same as the PC Financial Mastercard. Unfortunately, there is one significant drawback. In order to obtain this credit card, you must have an annual income of $60,000 individually or $100,000 within your household. The limitations of this credit card make it less accessible to the general Canadian population as not everyone has that high of an income.
On the contrary, this card allows individuals to earn more PC points while spending. In the eyes of PC Financial, the more you spend, the more they earn. It might be unfair to you that you can?t earn more points, but it makes perfect sense to PC Financial! Regardless, you should stick to your budget as opposed to focusing on earning more rewards.
If you don?t meet the minimum income requirements, you can also upgrade to this card by being an existing PC Financial Mastercard user who spends more than $15,000 per year with the card. That?s $1,250 per month, if that?s out of your budget, it wise to stick to the basic PC Financial Mastercard. Although if you meet this requirement and already spend $15,000 a year with your credit card, the upgrade is worth your while!
To summarize, this card is affordable and points are easily obtained from daily purchases. However, since it is difficult for the average Canadian to obtain, it receives a lesser rating than the regular PC Financial Mastercard. However, this card is still an excellent choice for those who meet the requirements and have the budget to spend!
The PC Financial World MasterCard has 2 close cousins worth reading about:
President's Choice Financial Mastercard
PC Financial World Elite MasterCard
Does PC financial MasterCard have car rental insurance?
The PC Financial Mastercard that has card rental insurance is the President’s 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 President’s 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.
Credit card details
Below is the President?s Choice Financial??Mastercard??Application Disclosure Summary. Please review and print a copy for your records.
| Annual Interest Rate | Purchase interest rate:?19.97% Cash Advance interest rate:?22.97% Promotional balance transfers:?0.97%?for?6?months if made within?90?days of account approval if you apply by?December 31, 2019. We may, with prior notice, increase your Purchase and Cash Advance rate to the Performance rate of?25.95%?for purchases and?27.95%?for Cash Advances following a review of:
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| Interest-Free Grace Period | 21 days A minimum of?21?days for new Purchases (meaning purchases which have not appeared on any previous statement) if you pay your entire current statement balance in full by the applicable due date, otherwise interest is charged from the transaction date. The interest-free grace period does not apply to Cash Advances (which include balance transfers and convenience cheques), and interest is charged from the transaction date. |
| Minimum Payment | Any past due amounts, plus: your statement balance if?$10?or less, or the?greater of: (a)?$10, (b)?2.2%?of your total statement balance (5%?for new accounts issued to Quebec residents as of July 1, 2019), or (c) the interest charges and fees billed on the current statement plus?$1. |
| Foreign Currency Conversion | 2.5% For foreign currency transactions, the foreign currency conversion markup percentage charged for purchases and cash advances and deducted from refunds and credits is?2.5%?of the amount of the charge or credit transaction. |
| Annual Fees | None |
| Other Fees | To be charged on the day the transaction occurs: Cash Advance at a bank machine or teller in Canada:?$3.50 Cash Advance outside Canada:?$5 Overlimit charge if over the credit limit on statement date:?$29?(for Quebec residents as of July 1, 2019 statements:?$0) Cash equivalent transaction (such as for a wire transfer or money order):?1%?(minimum?$5, maximum?$10) Dishonoured payment or convenience cheque:?$42 Copy of a sales draft:?$10?(for Quebec residents as of July 1, 2019:?$0) Copy of a previous account statement:?$10 Credit balance refund made by cheque:?$20 Balance Transfer:?1%?of the transferred amount will be charged for balance transfers requested?6?months or more after account approval. Inactive account: if on your statement date there is a credit balance on your account and there has been no activity on your account (meaning no debits, credits, interest or fees) for the preceding?12?consecutive months, your account is subject to a fee equal to the?lesser of?$10?or the credit balance amount. |
Special Offer:
Life’s back in session. Enjoy it with an extra 10% back.*
Apply for a Tangerine Money-Back Credit Card by October 31, 2024 and earn an extra 10% back (up to $100) when you spend up to $1,000 in everyday purchases within your first 2 months.*
Always-On Offer:
Earn 2% Money-Back Rewards on purchases in two 2% Money-Back Categories of your choice, and 0.50% Money-Back Rewards on all other purchases.
Have your Money-Back Rewards deposited into a Tangerine Savings Account, and get a 3rd 2% Money-Back Category.
No limit on the amount of Money-Back Rewards you can earn.
Change your 2% Money-Back Categories to suit your spending.
Balance transfer offer:
During your first 30 days, transfer balances and pay only 1.95% interest on the transferred balance for the first 6 months†.(with a 1% fee)
Earn 2% Money-Back Rewards on purchases in up to 3 categories of your choice with the Tangerine Money-Back Credit Card, and 0.50% Money-Back Rewards on all other purchases.
Tangerine Money-Back Features
- 2% Rewards in your chosen categories
- Get 0.50% money back on all other everyday purchases.
- Money-Back Rewards are earned automatically and paid monthly, and can either be applied towards your Credit Card balance or redeemed into your Savings Account.
- No limit on the amount of Money-Back Rewards you can earn.
- Change your 2% Money-Back Categories to suit your everyday spending.
Optimizing your 2% Money-Back Categories to suit your everyday spending has never been easier. Choose your categories to earn the most money back.
Tangerine Money-Back Credit Card 2% Cash Back Categories:
- Grocery
- Furniture
- Restaurants
- Hotel-Motel
- Gas
- Recurring Bill Payments
- Drug Store
- Home Improvement
- Entertainment
- Public Transportation and Parking
Tangerine Money-Back Credit Card Fees:
- Annual: $0
- Balance transfer: 3% with $5 minimum
- Cash advance: $3.50 inside Canada, $5 outside Canada, plus 19.95% interest on overdue amounts
- Foreign transaction: 2.5% per transaction
- Missed or late payments: increased interest rates to 24.95% on all purchases
- Over limit: $25 (Tangerine does not allow you to go over your limit unless the transaction was pre-approved)
Tangerine Money-Back Credit Card Rewards Features
- Get 0.50% money back on all other everyday purchases.
- Money-Back Rewards are earned automatically and paid monthly, and can either be applied towards your Credit Card balance or redeemed into your Savings Account.
- No limit on the amount of Money-Back Rewards you can earn.
- Change your 2% Money-Back Categories to suit your everyday spending.
Tangerine Money-Back Credit Card Insurance
- Purchase Assurance and Extended Warranty– For most new purchases made anywhere in the world using your Tangerine Money-Back Credit Card, you may receive a lifetime maximum of up to $60,000 for the following insurance coverage:
- Purchase Assurance to automatically cover loss, theft or damage on most new insured items for 90 days from the date of purchase
- Extended Warranty which may double the period of repair services to a maximum of one year
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American Express Cobalt® Credit Card review 2024
Welcome Offer:
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In your first year as a new Cobalt Cardmember, you can earn 1,250 Membership Rewards® points for each monthly billing period in which you spend $750 in purchases on your Card. This could add up to 15,000 points in a year.
American Express Cobalt® Card Income Requirements Many American Express credit cards have income range requirement to be eligible for the card however the Amex Cobalt Card doesn’t have a specific income requirement which mean that you could be approved for this credit card if you meet the requirements below: Credit score of 670+ You must be the age of majority. Canadian resident with a Canadian credit file.
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Earn Cash Back
- In your first 10 months as a new SimplyCash® Card from American Express Cardmember, you can earn a $10 statement credit for each monthly billing period in which you spend $300 in purchases on your Card. This could add up to $100 in statement credits in the first 10 months
- Earn accelerated earn rates on eligible gas and grocery purchases
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Earn 2% cash back on eligible gas purchases in Canada, 2% cash back on eligible grocery purchases in Canada (up to $300 cash back annually), and 1.25% cash back on all other eligible purchases
Access events and special offers curated for Cardmembers with American Express® Experiences
American Express is not responsible for maintaining or monitoring the accuracy of information on this website. For full details, current product information and Terms and Conditions, click the Apply now link. Conditions Apply
Author Bio
Mohamed Konate is a personal finance expert, blogger, and marketing consultant based in Toronto. He is a former financial services professional who worked at major Canadian financial institutions for many years. 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's in Business Administration from the University of Quebec (Montreal) and a Master's in International Business from the University of Sherbrooke (Quebec). He is also the author of the Canadian Credit Card Guidebook.
