President's Choice Financial Mastercard Review
No Welcome Bonus: Earn Points With No Annual Fee
Recommended Credit Score:
670 900
Average to Excellent
Welcome Bonus Value
Annual Fee
Purchase Interest Rate
Min Personal Required
President's Choice Financial  Mastercard
My Rate Compass Rating: star star star star_outline star_outline (3)
Bank Name:PC Financial
Network Type:Mastercard
President's Choice Financial Mastercard
Welcome Bonus
No Welcome Bonus: Earn Points With No Annual Fee
Annual Fee
President's Choice Financial  Mastercard
Card Details

PC Financial Mastercard Review

Use your PC Financial Mastercard everywhere you shop to earn PC Optimum points towards free rewards In Loblaws stores 10 PC Points per $13 Bonus of 2 cents per litre in PC points at Esso 20 PC Points per $1 at PC Travel Everywhere else 10 PC Points per $1 20 PC Points per $1 for PC Mobile Montlhy service

Interest Rate: 19.97%


  • 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

Rewards: Earn PC points on every purchase, including extra points at Shoppers Drug Mart/Pharmaprix, 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.

  • Priority airport services No
  • Airport lounge access No
  • Concierge service No
  • Balance protection(Optional) Yes
  • Purchase Security & Extended Protection Insurance Yes
  • Flight delay insurance,Baggage Insurance No
  • Vehicle rental insurance No
  • Travel accident insurance No
  • Travel medical insurance No
Fees and Eligibility
  • Annual Fee: $0
  • Additional Card Fee: $0
  • Purchases Interest Rate: 19.97%
  • Cash Advance Interest Rate: 22.97%
Personal Income Required: $15000
  • You're a Canadian resident
  • You've reached the age of majority in your province or territory
Recommended Credit Score:
670 900
Average to Excellent
Our Rating
My Rate Compass Rating: star star star star_outline star_outline (3)
Rating Methodology: My Rate Compass's ratings are determined by our editorial team. Our editors rate credit cards objectively based on the benefits and features the credit card offers, interest rates, the fees, and how a credit card compares with other cards in its category. Credit card rating methodology
Editorial Guidelines: Learn more about our editorial guidelines here.
Pros and Cons
  • Mastercard Global Service that replace your card or offer a cash advance in case of emergency Up to four free additional cards on your account for family members, so you can earn PC Optimum points even faster

  • Request free personalized convenience cheques to pay with at places that don't accept credit cards

  • Purchase Assurance coverage at no cost to you in case of theft, loss or damage in the first 90 days for most purchases when you pay in full with your PC Financial World Mastercard Extended Warranty coverage at no cost to you that doubles the manufacturer's regular warranty for up to an additional year6 on items purchased with your PC Financial World Mastercard


The PC Mastercard has a few drawbacks,

Cardholders are only able to redeem PC Optimum points at participating retailers

Minimal insurance coverage.

The most valuable insurance coverage is found with the President's Choice Financial World Elite Mastercard, which includes purchase, cash advance, and balance transfer insurance.

Interest rates are similar or sometimes higher than other cards

  •       Purchase: 19.97%
  •       Cash advance: 22.97%
  •       Balance transfer: 22.97%

Higher income requirement for both PC World Elite Mastercard and PC World Mastercard

  •       PC World Elite Mastercard: $80,000 minimum personal income or $150,000 minimum household income.
  •       PC World Mastercard: $60,000 minimum personal income, or $100,000 minimum household income.
Editor's Review

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.

How to apply for a PC Mastercard

If you are considering obtaining a PC Financial Mastercard, there are certain conditions that you must meet to be approved. To begin, you must be of the legal age of majority in your province or territory and a Canadian resident.

In addition to this, you need to have a good credit score, as this is a requirement for the PC World Mastercard and PC World Elite Mastercard.

If your credit score is not up to par, you can look into credit cards for bad credit. Lastly, if you are looking to get the two more advanced versions of the card, you must meet the minimum income requirements. Applying for credit cards can affect your credit score, so if you do not meet these standards, you should wait before applying.

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

 PC Financial World MasterCard

 PC Financial World Elite MasterCard

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.

Best Credit Cards in Canada

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.