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PC Financial Mastercard review | MoneySense

March 17, 2020 Keph Senett
PC Financial Mastercard review


PC Financial Mastercard review

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The PC Financial Mastercard is the no-fee, entry-level offering from PC Financial, designed to help collectors earn PC Optimum points, which can be redeemed for groceries or other items purchased at PC-affiliated stores, including Shoppers Drug Mart and Loblaws banner stores. This card pairs flexibility and ease with the potential for great savings on everyday purchases. While it doesn’t offer much in the way of perks, the PC Financial Mastercard sets up cardholders for good rewards now along with the potential for a more premium credit card (and greater rewards) in the future. If you are already an avid PC Optimum points collector, this card will help you maximize your earnings.

PC Financial Mastercard* quick facts

PC financial mastercard

Annual fee $0
Rewards Earn 25 PC Optimum points per dollar at Shoppers Drug Mart; 30 points per litre at Esso and Mobil stations; 10 points per dollar everywhere else
Point value 10,000 PC Optimum points are worth $10 (so 10 points = $0.01)
Welcome offer 20,000 points (worth $20) after your first purchase
Income requirement None specified
Purchase interest rate 19.97% (20.97% starting in May)
Best features Collect additional points on top of what you’ll earn with your PC Optimum personalized offers; enjoy a generous earn rate on gas and pharmacy spends; and take advantage of hassle-free redemptions at more than 2,500 locations where PC products are sold
Who is it best for PC Optimum points collectors, frequent shoppers at Shoppers Drug Mart and Loblaws banner stores, and first-time cardholders

Get more details about the PC Financial Mastercard*


7 things to know about the PC Financial Mastercard

You can collect PC Optimum points everywhere

When you shop using your PC Financial Mastercard, you’ll earn points for every dollar you spend, not just at PC-affiliated stores. This works out to 1% in points, which on its own is a perfectly respectable rate. In addition you’ll receive 30 points per litre on gas purchased at Esso and Mobil stations, plus 25 points per dollar at Shoppers Drug Mart—one best returns on gas and pharmacy purchases on any card. No matter how you look at it, these are competitive rewards made even more attractive when you consider that the PC Financial Mastercard carries no annual fee.

Redeeming PC Optimum points is simple

Arguably the most flexible store credit card in Canada, the PC Financial Mastercard makes redeeming points as simple as earning them. Redemptions start at 10,000 points, which are worth $10 off at more than 2,500 PC-affiliated locations, including Loblaws banner stores like No-Frills or Fortino’s, and Shoppers Drug Mart. You can redeem points right at the checkout and the points will be used against the cost of whatever you’re purchasing.

There’s a juicy sign-up bonus

New cardholders receive 20,000 bonus PC points just for making your first purchase. That’s about the easiest $20 you can earn!

Qualification is easy

There is no specific income requirement for the PC Financial Mastercard, so it’s easy to qualify—even for students looking for their first card. And, if you fall into a higher earning category you could be automatically considered for the higher-tier PC Financial World Mastercard ($60,000 income required)or PC Financial World Elite Mastercard ($80,000 income required) during the application process.

You might earn an upgrade

Earning $60,000 to $80,000 annually may not be in reach right now but if you spend at least $15,000 on your PC Financial Mastercard over the course of a year, you could be eligible to receive an upgrade to the mid-tier PC Financial World Mastercard. Spend $25,000 and be considered for PC Financial World Elite. All three options are no-fee.

You can stack your points earnings with a PC Financial Mastercard

Everything you buy using your PC Financial Mastercard earns you valuable PC points, but to maximize your earnings, you’ll want to get strategic with your spending. As a PC Financial Mastercard cardholder you’ll have access to PC Travel—President’s Choice travel service agency, where you will collect two times the points on your travel spending, including flights, hotels, tours and car rentals. And, when you use your PC Optimum personalized offers available through the app or in-store, you’ll increase your earnings even more.

The card offers basic benefits

The PC Financial Mastercard is a basic, no-fee card geared towards those who want to save big on everyday purchases like groceries or drugstore items; this is where the card shines. However,  like most no-fee cards, it doesn’t offer much in the way of perks—though you will enjoy purchase and extended warranty protection when you shop.



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