PC Financial Credit Cards

Guide to PC Financial Credit Cards

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Last updated on June 18, 2019 Views: 547 Comments: 6

In early 2018, two of the most popular Canadian points programs, PC Plus and Shoppers Optimum, merged to become PC Optimum. This new points program gives customers more opportunities to earn and spend their points at participating merchants.

Best of all, you can earn even more points with one of three PC Financial credit cards: The PC Financial Mastercard, the PC Financial World Mastercard, and the PC Financial World Elite Mastercard

Best PC Financial Credit Cards Canada 2019

PC CardRewards StructureEligibility requirementRead Review
PC Financial Mastercard20 pts / $ at Drug Mart and Pharmaprix
25 pts / $ on PC Travel services
10 pts / $ elsewhere
Credit score: fair_good
Min income: $12000
Annual fee: $0
Read More
PC Financial World Mastercard35 pts / $ at Drug Mart and Pharmaprix
20 pts / $ on PC Travel services
10 pts / $ elsewhere
Credit score: fair_good
Min income: $60000
Annual fee: $0
Read More
PC Financial World Elite Mastercard45 pts / $ at Drug Mart
30 pts / $ on PC Travel services
10 pts / $ elsewhere
Credit score: fair_good
Min income: $80000
Annual fee: $0
Read More

How PC Optimum Works

With PC Optimum, 1,000 points are equal to $1. In essence, PC Optimum is similar to a cash back program where your points can be redeemed for groceries and/or merchandise at Real Canadian Superstores, Value-mart, Fortinos, City Markets, No Frills, Independent Grocers, Zehrs, Loblaws Grocers, Shoppers Drug Mart/Pharmaprix, and Shoppers Home Health Care. You can also use your PC Optimum points to shop online at JoeFresh.com and beautyBoutique.ca.

The PC Optimum program also runs in-store promotions such as the 20x the points days at Shoppers Drug Mart and targeted offers at grocery stores that will allow you to earn points even quicker. You can even earn PC Optimum points at Esso or Mobil gas stations.

If you’re a regular shopper at participating stores that offer PC products and/or Shoppers Drug Mart/Pharmaprix, then you may want to consider applying for one of the PC Financial credit cards since it’ll allow you to earn points at a much quicker rate.

PC Financial Mastercard

PC Financial MasterCard

Eligibility Criteria:
– Credit score required: 
fair_good
– Min personal income required: $12000
– Annual fees: $0

The PC Financial Mastercard is the most basic PC card on this list, however, that doesn’t mean that it isn’t a great option. The PC Financial Mastercard does not have an annual fee and there is a low income threshold needed to apply. This makes it a great credit card option for students or young people just entering the workforce.

As for benefits, PC Financial Mastercard cardholders will receive 10 points for every dollar spent at any participating store where President’s Choice products are sold, and 20 points per every dollar spent at Shoppers Drug Mart and Pharmaprix. Furthermore, cardholders will earn 3 cents per litre in PC Optimum points (equal to 30 points) at any Esso or Mobil gas station, 25 points per every dollar spent on PC travel services, and 10 points for every dollar spent elsewhere. The only other benefits included with this card are purchase assurance and extended warranty.

Click here to apply for the PC Financial Mastercard


PC Financial World Elite Mastercard

President's Choice Financial World MasterCard

Eligibility Criteria:
– Credit score required: fair_good
– Min personal income required: $80000
– Annual fees: $0

The PC Financial World Elite Mastercard is the highest-yield option in terms of earning points and some great premium benefits. As with the other PC Financial credit cards, there is no annual fee, however for this particular card you will need to have an annual personal income of $80000.

As for the points system, cardholders will receive 10 points for every dollar spent at participating stores where President’s Choice products are sold, 45 points for every dollar spent at a Shoppers Drug Mart of Pharmaprix, and 30 points for every dollar spent on PC travel services. As with the other two credit cards, users will also receive at least 3 cents per litre in PC Optimum points (30 points) at an Esso or Mobil station, and 10 points per dollar spent elsewhere.

The PC Financial World Elite Mastercard also comes with several premium benefits that include 24/7 concierge service, identity theft assistance, car rental collision/loss damage waiver insurance, and travel emergency medical insurance for trips up to ten days for cardholders under the age of 65. That’s some decent credit card travel insurance considering this card has no annual fee.

Having a PC Mastercard is a must if you shop at participating stores where President’s Choice products are sold or at Shoppers Drug Mart/Pharmaprix on a regular basis. These cards have no annual fee and there is simply no better way to earn additional PC Optimum points which can be redeemed for free groceries and merchandise.

Click here to apply for the PC Financial World Elite Mastercard


PC Financial World Mastercard 

PC Financial World Mastercard

Eligibility Criteria:
– Credit score required: fair_good
– Min personal income required: $60000
– Annual fees: $0

The PC Financial World Mastercard is a step up from the PC Financial Mastercard. There are no annual fees for this credit card as well, however, users will need a personal annual income of $60000.

The points system is similar to that of the PC Financial Mastercard, but with this card, you have a higher earn rate. Users will receive 20 points per $1 spent at any participating store where President’s Choice products are sold and 35 points per every $1 spent at a Shoppers Drug Mart or Pharmaprix. The earning rate is the same for the other categories: minimum 3 cents per litre in PC Optimum points (30 points) at Esso and Mobil gas stations, 20 points for every dollar spent towards PC travel services, and 10 points for every dollar spent on all other purchases. Purchase assurance, extended warranty and 24/7 concierge service come included as additional benefits.

Click here to apply for the PC Financial World Mastercard

Article comments

6 comments
Jules says:

Hello,
I was just approved for a PC Financial MasterCard and am already displeased with the customer service. I had asked which card I qualified for (World Elite vs Financial MasterCard) and the customer service agent was unable to tell me and said I would find out once the card arrived. Also, I was given 20,000 welcome points and was wondering if this is the current standard or whether I should ask for more.

Thanks for you feedback.

The GreedyRates Team says:

Hi Jules,

Thanks for coming to us with your concern. If you were approved for a PC Financial Mastercard, then that’s the card you’ll receive in the mail, regardless of your eligibility for the World Elite card. The customer service representative should not have indicated that you might receive the World Elite card because this card has a separate application and a higher annual income requirement—it’s hard to ignore. We’re happy you got such a generous introductory bonus, and hope the card suits you well once you start using it. Stay patient with customer service for now, and reserve judgement until you see how the Mastercard performs. Let us know how you like it!

GreedyRates

Ken Brindley says:

With the latest change to the PC Mastercard website you are no longer able to download transaction to Quicken in .qfx format. This is a huge problem for Quicken users. PC Mastercard is sending out canned responses to most who have inquired. There has been no commitment to restoring this functionality. Almost all other card support downloading transactions to Quicken. If you are considering these cards make sure you can live without this.

The GreedyRates Team says:

Hello Ken,

Thanks for the comments about the issue you’ve discovered with exporting credit card spending data into a format compatible with Quicken. We did a little research and it seems to be because PC Financial did a website overhaul, which is obviously meant to improve the service to their customers, but inexplicably left out this important detail. Given that both companies stand to lose from this arrangement, we’re confident it will be resolved eventually, but still, what PC did was rather terrible. With no notice of the changes (either pre or post-website update) many customer were left in the dark, yourself included. We’ll reach out and inform them of the business they stand to lose, because until it’s fixed you and others may want to switch to another card.

You might also look up roundabout ways to transfer CSV files into Quicken, which (as we understand it) is possible but difficult and prone to errors such as duplicate entries. It’s not a good solution, and we’re sorry. If you’re over it and just want to get your finances back in order, kick the card and opt for something else. Quicken works with data from thousands of banks, and so pretty much any card you get will offer you the .QFX exporting functionality you need. Let us know if we can make any suggestions, and thanks again for your comment.

GreedyRates Staff

Tracy Pedersen says:

It is completely true, as of Nov 12,2018 — PC Financial Mastercard launched a New Website and with absolutely NO notice to card holders … eliminated the function to download transactions into Quicken or Mint (and apparently any third party app… “for security reasons” according to PC Financial). Users are not happy. Currently, the only option we have for downloading transactions is .cvs format into Excel spreadsheet. NOT helpful at all. The response you get from phoning or messaging PC Financial Mastercard about the problem is a canned response (might as well be a recording) which means nothing . It’s like listening to a politician answer a question. I get the feeling they are not going to change a thing and they are just trying to get you off their back.

The GreedyRates Team says:

Hi Tracy,

Thanks for the comment, and for your concerns over PC’s lack of support for Quicken’s special output format. Unfortunately, if you’re unwilling to grapple with converting the common .csv filetype into Quicken (which is possible, it’s just roundabout), then you might be looking at a replacement card! We’ve had no signs from PC that they’ve heard the complaints from customers, and so barring any quality responses from customer service, the most effective short-term resolution is to find virtually any other Canadian card. You’ll be hard-pressed to find one without Quicken support, making PC’s neglect even stranger.

Let us know what your criteria are in an ideal credit card, and we’ll do our best to help you pick one that checks all your boxes—including Quicken support. Thanks for reading and good luck!

GreedyRates