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President’s Choice Financial® Mastercard®

Get a $100 e-gift card when you activate your card!

President’s Choice Financial® Mastercard®

Earn 25 PC Optimum points6 for every $1 spent at Shoppers Drug Mart®*

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, an estimate on the dollar value of your rewards based on your monthly spend so that you can compare like for like. Now that’s wise thinking!
$0.00 19.97% 0.97% *22.97% after 6 months 22.97% Good 1.00% *Equivalent value in PC Optimum points
  • Card Details Details
  • Our Review Review

Card Details

  • *Earn 10 PC Optimum points6 for every $1 spent at Shoppers Drug Mart®, in addition to the base 15 points all PC Optimum members earn

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

  • New cardholders enjoy a low balance transfer rate of 0.97% for 6 months5

  • NO annual fee

Features and Benefits

  • Purchase protection and extended warranty

RateSupermarket.ca's Review

The President's Choice Financial® MasterCard® earns PC Optimum points wherever you shop. Those points can be put towards any purchases made at participating stores where President's Choice products are sold, including Loblaws, Real Canadian Superstore, Joe Fresh and others. That amounts to a lot of free groceries and clothing at Joe Fresh. This card also has no annual fee - a good bonus for average earnings, in comparison to other President's Choice Financial® MasterCard®s that have an annual fee for more earnings.


The President's Choice Financial® MasterCard® is a solid addition to your wallet if you use a credit card for everyday purchases and shop at Loblaws, Shoppers Drug Mart and Joe Fresh stores on a regular basis. It's especially great for families with kids who are looking to make the most out of their weekly grocery runs. If you add a PC Optimum account to the card, you'll earn points faster, helping you to reduce your bill even further.


However, it may not be the best choice if you prefer paying debit or cash for groceries, gas and drugstore purchases, or if you carry a balance on your card for a long period of time. In addition, you are very limited in how you can redeem your points, so it's best to get an additional rewards card if you're looking for travel rewards or cash back.

Earning Potential: Up to $305.28 in free groceries

How does this card stack up to other grocery rewards options? We crunched the numbers using our Best of Finance methodology to see how much you could earn over a 24-month period.


Assuming $1,119 is spent on the card monthly, in the following categories:

Pharmacy Food Gas
$54.16 $665 $152.42
Travel Other Monthly Total
$148 $100 $1,119.58


*Source: Statistics Canada


Reward points earned over a 24-month period: 305,280 points**
Total: Up to $305.28 in free groceries


**Based on $1.00/litre gas prices


It's not a huge amount of free groceries over a two-year period but it can amount to significant savings at Joe Fresh. Keep in mind, you can rack up points faster if you add the PC Optimum card and book vacations through PC Travel. PC Financial also has other options to help you increase your earnings.


You can trade in your points for groceries as soon as you have 20,000 – or $20 worth. Note that you cannot redeem for prescription medications or alcohol. In Quebec specifically, points cannot be redeemed for milk.


  • Earn 25 PC Optimum points for every $1 spent at Shoppers Drug Mart® and PharmaprixMD.
  • Use your President's Choice Financial® Mastercard® for your everyday shopping and you'll earn PC Optimum points toward FREE groceries and more*.
  • Earn 10 PC Optimum points for every $1 spent, everywhere you shop.
  • No annual fee!
  • New cardholders enjoy a low balance transfer rate of 0.97% for 6 months.
  • If you hold both the President's Choice Financial® MasterCard® and a PC Optimum points card, you can earn double the points on special offers listed within your account and in-store.
  • Up to four free additional cards on your account for family members, so you can earn PC Optimum points even faster.


  • If you spend most of your shopping time inside Loblaws, Joe Fresh and Shoppers Drug Mart, this card is pretty sweet. But this card also limits your redemption to stores carrying President's Choice products. You can redeem points for food, cosmetics, PC Mobile cellphones and smartphones, Joe Fresh merchandise, or you can donate your points to charity. This card will not earn you travel rewards or give you cash back.

Additional Benefits

  • Purchase assurance (90 days) and extended warranty (one year).
  • Identity theft restoration.
  • MasterCard Global Service – replaces your card or offers you cash advance in emergency situations.
  • Personalized convenience cheques.
  • Up to four additional cards for family members.
  • Can be used with Apple Pay.
  • You can also add spousal, standard or involuntary job loss account balance protection (ranges from 79 cents to $1.19 per $100 of the current month's statement ending balance).

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

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