Skip to main content
Ratehub logo
Ratehub logo

The best PC Financial credit cards in Canada for 2024

Natasha-M 1
Natasha Macmillan, Business Unit Director - Everyday Banking

February 20, 2024

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.

Compare Canada’s best PC Financial credit cards

PC Financial credit card overview

PC Financial offers three credit cards: the PC Financial MastercardPC Financial World Mastercard and the PC Financial World Elite Mastercard. The best part is that all cards have no annual fee but you can still earn while you shop!

Overview: PC Financial credit cards (+/-)

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.

These credit cards are an excellent choice for consumers who 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 Financial credit card tiers

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.

How do PC Optimum points work?

  • 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

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, however your account can close if inactive for two years.

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, 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.

The PC Financial World Elite Mastercard 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.

Welcome offer - null

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.

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.

The PC Financial Mastercard 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.

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's 1,200,000 monthly users get matched with the right banking products. read full bio

Making dollars make sense

find more articles

The knowledge bank

A wealth of knowledge delivered right to your inbox.

By submitting your email address, you acknowledge and agree to’s Terms of Use and Privacy Policy. Contact us for more information. You can unsubscribe at any time.


Whether you need a mortgage, credit card, savings account, or insurance coverage, we help you find and compare the best financial products for your specific needs.

When it comes to mortgages, is more than just a place to research and compare the best rates. Our goal is to give Canadians the best mortgage experience from online search to close. This means offering Canadians the mortgage tools, information and articles to educate themselves, allowing them to get personalized rate quotes from multiple lenders to compare rates instantly, and providing them with the best online application and offline customer service to close their mortgage all in one place. has been named Canada's Mortgage Brokerage of the Year for four years straight (2018-2021). With over 12 years of mortgage experience, and over $11 billion in mortgages funded, we deliver you the best mortgage experience in Canada. 

How does make money?

Financial institutions pay us for connecting them with customers. This could be through advertisements, or when someone applies or is approved for a product. However, not all products we list are tied to compensation for us. Our industry-leading education centres and calculators are available 24/7, free of charge, and with no obligation to purchase. To learn more, visit our About us page.

How are CanWise Financial and connected?

We own and operate a mortgage brokerage, (formerly known as CanWise Financial), and are compensated for mortgages funded through our brokerage. Ratehub Inc. o/a & CanWise is a licensed mortgage brokerage and CMHC-approved lender. When comparing mortgage rates on, you’ll see rates from a number of lenders, including CanWise. All products are sorted according to the rates available to you and the selection criteria you’ve shared with us. Both and CanWise are owned and operated by Ratehub Inc.

We’re proud of our mortgage brokerage, which offers our users great rates, trusted advice and an award-winning team of mortgage experts. Read any of our 6,700 five-star Google and Facebook reviews and you’ll see what we mean.

read more about us