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President's Choice Financial® MasterCard®

President's Choice Financial® MasterCard®

Earn 10 PC Points on every $1 spent

Our Rating:
Annual Fee Interest Rate Balance Transfer Cash Advance Credit Score Good: -- I've had a credit card, or loan for 6+ years. I've had good credit for the last 7 years (no bankruptcies or no defaults on credit as a result of failing to pay debts back to creditors). I haven't opened a new credit card account, loan, or line of credit in the last nine months. I've made the minimum payments on my existing credit cards for the past three months. Rewards Are all rewards created equal? -- From points, to miles, to cash back - how do you know how much you're really getting? To help you find the best rewards card, we've created the Your Reward Return, a rate that lets you know the rate of return from your spending into rewards so that you can compare like for like. Now that's wise thinking!
$0.00 19.97% 0.97% *21.97% after 6 months 21.97% Good 1.00% *Equivalent value in PC points
  • Card Details Details
  • Our Review Review
  • Best of Finance Winner

Card Details

  • Use your President's Choice Financial MasterCard for your everyday shopping and you'll earn PC points toward free groceries and more*. The more you use your card, the more PC points you'll earn!

  • Earn 10 PC points for every $1 spent, everywhere you shop

  • Save money with no annual fee

  • New cardholders enjoy a low balance transfer rate of 0.97% for 6 months

Features and Benefits

  • Purchase protection and extended warranty

RateSupermarket.ca's Review

Looking for an everyday use credit card that gives you points for your purchases? The President's Choice Financial MasterCard is a favourite among shoppers for its practical rewards program - there's nothing better than being able to redeem rewards right at the till and offset your grocery costs. However, this card lacks the flexibility of similar cash back options, as these rewards can only be used at President's Choice retailers such as Loblaws, Great Canadian SuperStore and Joe Fresh. Rewards can only be used for in-store redemption, and cannot be changed to cash.

Top Features About President's Choice Financial MasterCard

  • Points are at the heart of the President's Choice Financial MasterCard. For every $1 spent on the card, you'll earn 10 PC points. For each dollar spent on travel services spent at pctravel.ca, cardholders earn 20 PC points.
  • Points can be redeemed for free groceries at participating grocery stores where President's Choice products are sold, or online at the PCPlus website at http://pcplus.ca/.
  • Balance Protection is also available to cardholders in case a disability, hospitalization or involuntary unemployment results in your ability to meet your credit obligations.
  • Purchases made using the President's Choice Financial MasterCard credit card are eligible for free extended 1 year warranty and purchase assurance should your purchases by stolen, lost or damaged in the first 90 days.
  • Finally, if you're travelling with the President's Choice Financial MasterCard, roadside assistance is available for cardholders. Should you find yourself needing fuel, tire replacement due to a flat or need a winch because you're stuck, you're in good hands. Coverage for one vehicle is $69.97 annually or $99.97 for two vehicles.


  • No annual fee
  • Roadside assistance (annual fees apply)
  • Identity theft restoration
  • Extended Warranty
  • Purchase Assurance


  • Points can only be redeemed for groceries at participating grocery stores

WINNER: The Best Grocery Rewards Credit Card in Canada and RUNNER UP: The Best Low Balance Transfer Credit Card in Canada

Looking to save cash at the checkout? Shrink your monthly grocery budget with a credit card that earns points to directly pay off your grocery purchases. The President's Choice Financial® MasterCard® earns 10 points per dollar spent, and isn't limited to any retailer restrictions - no matter where you use it, you'll earn points towards your next grocery purchase.

The one caveat is that points must be redeemed at Loblaw locations and participating retailers only - if you're looking to earn points you can redeem anywhere, a flexible cash-back program might be your best fit.

Another great feature of the President's Choice Financial® MasterCard® is it can help you pay down a stubborn balance with a promotional 0.97% balance transfer rate for the first six months.

Why It's Our Winner

Grocery Rewards:

*Rewards earned on the average Canadian household expenditure over a 24-month period.

  • Points Earned: 268,699
  • Value of each point: $0.001

Cash Value (includes points, fees and signup bonuses): $268.70

See why the President's Choice Financial® MasterCard® earns the most value for grocery rewards in Canada:

This Card Is Great For You If:

  • You use your credit card for daily gas and grocery purchases, and always pay your balance
  • You want to pay down your credit card debt
  • You want to earn rewards when dining out
  • You don't want to pay an annual fee

Balance Transfer Rewards:

*Interest savings were calculated based on the following:

  • Assuming the cardholder is carrying the average Canadian credit card balance of $2,627*
  • The cardholder is paying off the balance in full over a 12-year period with monthly installments of $218.92
  • Total Interest Paid is compared to that of a credit card with a 19.99% APR over a 12-month period

Payment Details:

  • Balance Transfer Period: 0.99% for the first 6 months
  • Total Interest Paid on Balance: $140.30
  • Total Interest Saved: $276.85
  • Balance Transfer Fee: $26.27

See how the President's Choice Financial® MasterCard® stacks up against the other top low balance transfer credit cards in Canada:

This Card Is Great For You If:

  • You're prone to carrying a balance
  • You want to pay down your credit card debt


Want to know how we did it?

Rate and product information are subject to change at any time and does not constitute financial advice. Please contact supplier for complete details.

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