The best PC Financial credit cards in Canada for 2023
May 17, 2023
Explore the best variety of PC Financial credit cards, tailored to meet your unique needs. Compare, choose, and apply today for a card that matches your purchasing habits.
Find Canada’s best PC Financial credit cards suited for you in 60 seconds! View cards and exclusive offers you’re likely to qualify for without affecting your credit or needing a SIN
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Ratehub's top credit card picks
American Express Cobalt® Card
check eligibilityApply now and you could earn up to 30,000 bonus points with the American Express Cobalt® Card
Tangerine Money-Back Credit Card
check eligibilityEarn an extra 10% back on up to $1,000 in everyday purchases within the first 2 months. Must apply by July 5, 2023. Click "check eligibility" to get an additional $100 Amazon gift card 🎁 upon approval.
CIBC Dividend® Visa Infinite* Card
check eligibilityWelcome Offer: Get a first-year annual fee rebate and earn 15% cash back welcome bonus of up to $300 (first 4 statements)!†
CIBC Dividend® Visa Infinite* Card
check eligibilityWelcome Offer: Get a first-year annual fee rebate and earn 15% cash back welcome bonus of up to $300 (first 4 statements)!†
Featured product
check eligibilityEarn 25,000 points* ($125 travel value) if you spend $1,000 in the first 180 days. Must apply by Aug 31, 2023. Conditions apply.
BMO CashBack® MasterCard®*
check eligibilityWelcome offer: Get up to 5% cash back in your first 3 months. Plus, a $50 cash back bonus - that's up to $175 in cash back in your first year!
American Express Cobalt® Card
check eligibilityApply now and you could earn up to 30,000 bonus points with the American Express Cobalt® Card
Scotiabank®* Gold American Express® Card
check eligibilityearn up to $650 in value in the first 12 months, including up to 40,000 bonus Scene+ points. Must apply by October 31, 2023.
TD® Aeroplan® Visa Infinite* Card
check eligibilityEarn up to $1,600 in value including up to 70,000 Aeroplan points. Conditions apply. Must apply by September 5, 2023.
CIBC Select Visa* Card
check eligibilityTransfer your credit card balance. Get 0% interest for up to 10 months with a 1% transfer fee and a first year annual fee rebate.
BMO® Preferred Rate MasterCard®
check eligibilityWelcome Offer: Get a 0.99% introductory interest rate on Balance Transfers for 9 months with a 2% transfer fee and we'll waive the $29 annual fee for the first year
MBNA True Line® Mastercard® credit card
check eligibilityStandard Annual Interest Rates of 12.99% on purchases, 12.99% on balance transfers and 24.99% on cash advances
SimplyCash® Card from American Express
check eligibilityIn 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
BMO CashBack® MasterCard®*
check eligibilityWelcome offer: Get up to 5% cash back in your first 3 months. Plus, a $50 cash back bonus - that's up to $175 in cash back in your first year!
PC Financial® World Elite Mastercard®
check eligibilityLimited time offer: Get 1,500 AIR MILES Bonus Miles!* That’s enough for $150 towards purchases with AIR MILES Cash*
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PC Financial credit card overview
PC Financial offers three credit cards: the PC Financial Mastercard, PC Financial World Mastercard and the PC Financial World Elite Mastercard. All cards have no annual fee.
PC credit cards earn PC Optimum Points on every dollar spent — including on purchases outside of PC's network of affiliate stores - and let you collect rewards up to three times faster than a PC Optimum loyalty card alone. Since 1998, trillions of points have been earned across Canada, with billions of dollars’ worth of free products awarded.
PC Financial’s credit cards are tiered to match cardholders’ eligibility, and all offer the same standard purchase interest rate of 19.97%.
The entry-level PC Financial Mastercard features benefits such as purchase protections and warranty extensions for many products. PC Optimum points are earned with every purchase.
The mid-tier PC Financial World Mastercard includes all the same benefits with an added 24/7 concierge service — for dining, concerts and events, as well as medical and emergency assistance — and collects PC Optimum points at an accelerated rate.
The top-tier PC Financial World Elite Mastercard also adds travel medical insurance, car rental insurance and a service that protects cardholders from identity theft. This credit card collects the most points of all.
PC Financial credit cards are an excellent choice for consumers that shop where President’s Choice products are sold — including Loblaws, No Frills, Real Canadian Superstore, and more — as well as stores and gas stations such as Shoppers Drug Mart, Joe Fresh, Esso and Mobil.
PC Optimum quick facts
- 10,000 PC Points = $10 - which works out to 10 Points = $0.01 (or 1%)
- PC Points must be redeemed at retailers affiliated with President's Choice, most notable of which include Loblaws, No-Frills, Shoppers Drug Mart, valu-mart, Real Canadian Superstore, and more
- Depending on which PC credit card you get approved for, you'll earn between 45-10 PC Optimum points per dollar
PC Financial World Elite Mastercard
This credit card tops PC Financial’s offering with the most PC Optimum rewards and deluxe features in security and convenience.
The minimum income required for this card is $80,000 for an individual, or $150,000 in household income. Cardholders may be able to upgrade to the PC Financial World Elite Mastercard if they spend a minimum of $25,000 each year with their account.
PC Optimum points are collected exceptionally fast on each dollar spent:
- 45 points per $1 at Shoppers Drug Mart
- 30 points per $1 at Loblaws banner stores
- 30 points per litre at Esso and Mobil gas stations
- 30 points per $1 at PC Travel
- 10 points per $1 on all other purchase
As an example, if you spent an average of $1200 on your PC Financial World Elite Mastercard per month, you'd come away with $332 in PC Optimum points you can redeem at Shoppers Drug Mart or any Loblaws-banner grocery stores, Esso/Mobil gas stations, and JoeFresh locations.
The PC Financial World Elite Mastercard also comes with a number of additional benefits. Cardholders will gain access to Mastercard Global Service, which provides 24/7 emergency assistance virtually anywhere in the world when you're reporting a lost or stolen card, need an emergency card replacement or cash advance, or simply require help finding the nearest ATM or getting questions answered about your account. You'll also get purchase assurance and extended warranty protection as well as travel emergency medical insurance, car rental collision/loss damage waiver insurance, and identity theft assistance.
PC Financial World Mastercard
The PC Financial World Mastercard is a more accessible credit card that still offers an accelerated rate of collecting points and distinguished services.
The minimum income required is $60,000 for an individual, or $100,000 in household income. Cardholders may be able to upgrade to the PC Financial World Mastercard if they spend a minimum of $15,000 each year.
PC Optimum points are earned in the following accelerated structure:
- 35 points per $1 at Shoppers Drug Mart
- 20 points per $1 at Loblaws banner stores
- 30 points per litre at Esso and Mobil gas stations
- 20 points per $1 at PC Travel
- 10 points per $1 on all other purchases
Premium services include 24/7 concierge service — which offers assistance for travel, entertainment, business, shopping and medical arrangements — in addition to services available with the PC Financial Mastercard.
PC Financial Mastercard
This credit card is open to anyone, subject to credit approval, and collects PC Optimum points on every dollar spent — no matter where.
There is no minimum individual or household income required for the PC Financial Mastercard.
Points are collected significantly faster than a PC Optimum loyalty card alone:
- 25 points per $1 at Shoppers Drug Mart
- 30 points per litre at Esso and Mobil gas stations
- 20 points per $1 at PC Travel
- 10 points per $1 on all other purchases
Security and convenience features include global service; free purchase assurance for theft, loss or damage of most new items; and warranty extensions, which doubles a manufacturer’s warranty on many products.
For a deeper look into their pros and cons, read our full PC Financial Mastercard review.
PC Optimum points value
With 10,000 PC Optimum points, shoppers receive $10 off purchases at participating retailers - minus taxes and fees. In effect, 10 PC Optimum Points can be thought of as 1% cash back. PC points must be redeemed in increments of at least 10,000 and cardholders can track their rewards online or through an app. PC Optimum points never expire.
Consumers can use the rewards calculator on the PC Financial website to estimate their monthly budgets - groceries, gas, health and beauty shopping, PC travel and all other purchases — for a quick look at the PC Optimum points they can earn with each credit card. This figure can reach hundreds of dollars in free products each year.
There are few restrictions on earning and redeeming points, including the purchase of tobacco products, lottery tickets, gift and phone cards, transit tickets and passes, and post office transactions. For prescriptions, medications and other pharmacy products, laws vary by province - shoppers should check their local pharmacy for applicable regulations.
Redeeming PC Optimum points
Joining the PC Optimum rewards program means access to a large retail network across the country - as well as their online counterparts - covering groceries, fashion, beauty, health and other retail products.
Points can be redeemed at more than 2,500 locations, including:
- Loblaws
- No Frills
- Shoppers Drug Mart
- Real Canadian Superstore
- Zehrs
- Valu-Mart
- Fortinos
- Wholesale Club
- Shoppers Drug Mart
- Participating independent grocers and regional counterparts such as Maxi, Pharmaprix, Provigo and Atlantic Superstore.
Online shoppers can also visit BeautyBoutique.ca, JoeFresh.ca and the PC Express website.
PC Optimum personalized offers
If PC Optimum members activate an online account or download the app, the PC Optimum rewards program will send personalized offers to each user based on their own unique spending habits. These offers are updated weekly and, to ensure great deals aren’t missed, users can choose to receive email notifications.
Offers typically expire in one week — but some can be saved and extended — and users can create a shopping list of favourite deals to peruse in-store.
PC Optimum points from personalized offers are bonus rewards; shoppers still earn their usual rate with their PC Financial credit card, and simply add these points on top.
More on PC Financial
Since 1998, President's Choice Financial has been offering unique financial services from Loblaw Companies Ltd. PC Financial serves 3 million customers and provides service online and over the phone.
Cards summary (+/-)
Natasha Macmillan, Business Director of Everyday Banking
With over a decade of experience in the finance industry, Natasha works closely with Canada's top financial institutions - from banks to credit unions - to help Ratehub.ca's 1,200,000 monthly users get matched with the right banking products. read full bio
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