Card Details

Bank Name: PC Financial

Network Type: Mastercard

Card Type: Personal

Fees

Annual Fee: $0

Additional Card Fee: $0

Purchases Interest Rate: 19.97%

Cash Advance Interest Rate: 22.97%

Eligibility

Personal Income Required: $80000

Household Income Required: $150000

You're a Canadian resident
You've reached the age of majority in your province or territory

PC World Elite Mastercard

Welcome Bonus:

Special Offer:

Promotional balance transfers: 0.97% for 6 months

Apply Now On Bank's Secure Website

Card Snapshot
Rewards
Features
Legal
User Reviews
FAQs

Credit Card snapshot

PC Financial World Elite MasterCard Review

Canada's first World Elite Mastercard with no annual fee.

Car Rental Collision/Loss Damage Waiver Insurance. Identity Theft Assistant Service to help you avoid identity theft or restore your identity 24/7 concierge service to make dinner reservations, reserve event tickets, deliver gifts and more

In PC stores 30 PC Points per $1 30 PC Points per $1 at Shoppers Drug Mart

Bonus of 3 cents per litre in PC points at Esso

30 PC Points per $1 at PC Travel

30 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

Credit Card Rewards

Credit Card Features

Priority airport services

Airport lounge access

Concierge service

Yes

Balance protection(Optional)

Yes

Purchase Security & Extended Protection Insurance

Yes

Flight delay insurance,Baggage Insurance

Yes

Vehicule rental insurance

Yes

Travel accident insurance

Yes

Travel medical insurance

Yes

Legal Details

https://www.pcfinancial.ca/en/legal-stuff/pdf-content/pc-mastercard-cardholder-agreement

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: your account use (including if you exceeded your credit limit or had any dishonoured payments), or your credit bureau reports and credit history. Your interest rates will increase to the Default rate of?25.97%?for purchases and?27.97%?for Cash Advances if you: do not make the minimum payment by the due date for two consecutive months, or are not in full compliance with the terms of your cardholder agreement.
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.

Effective as of April 30, 2019 (unless otherwise indicated). Subject to change.

User Reviews

Total Reviews: 0

Rating: 1 2 3 4 5 ( 0 )

Application Experience: 1 2 3 4 5

Rewards/Features: 1 2 3 4 5

Customer Service: 1 2 3 4 5

Convenience: 1 2 3 4 5

Likelihood to recommend: 1 2 3 4 5

Credit Card FAQs

Advantages:

Travel Emergency Medical Insurance for trips up to 10 days from date of departure, for those under age 65.

Car Rental Collision/Loss Damage Waiver Insurance. Identity Theft Assistant Service to help you avoid identity theft or restore your identity 24/7 concierge service to make dinner reservations, reserve event tickets, deliver gifts and more

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.

Editor`s Review:

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

Apply Now On Bank's Secure Website