11 million Canadians have compared and saved

1-866-462-4779

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®*

Apply Online
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

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
  • Legal Legal
  • 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

Legal Details

1PC Optimum points will be awarded within 4-6 weeks of purchase. Minimum redemption is 10,000 points (worth $10 in rewards) at participating stores. Some redemption restrictions apply; visit pcoptimum.ca for details and full store list.

2Visit pcoptimum.ca for details on participating stores where the PC Optimum program is offered.

3Earn 3 cents per purchased litre of Esso Supreme (Octane 91) and Esso SUPREME+ (Octane 93) gasoline only. Earn 2 cents per purchased litre on other gasoline or diesel. Cents per litre is payable in PC Optimum points when you use your President's Choice Financial World Elite Mastercard® at Esso stations in Canada. 2 cents per litre amounts to 20 PC Optimum points. 3 cents per litre amounts to 30 PC Optimum points.

4Earn 2 cents per purchased litre of gasoline or diesel, payable in PC Optimum points when you use your President's Choice Financial Mastercard® or President's Choice Financial World Mastercard® at Esso stations in Canada. 2 cents per litre amounts to 20 PC Optimum points.

5Get a bonus 10 PC Optimum points per dollar of your PC travel services purchase (taxes included) charged to your President's Choice Financial Mastercard® or President's Choice Financial World Mastercard® and 20 bonus PC Optimum points per dollar charged to your President's Choice Financial World Elite Mastercard®, in addition to the regular 10 PC Optimum points per dollar earned for all purchases on these cards. Bonus PC Optimum points will be shown as "PC Travel Bonus Rewards" on your PC Optimum points statement. Account must be in good standing. Offer subject to change. PC travel services are provided by 8742995 Canada Inc. doing business as Travel Nation Canada. President's Choice Bank and its related companies are not affiliated with Travel Nation Canada and are not responsible for delivery of the services or liable in connection therewith.

6All PC Optimum members earn 15 points per dollar of eligible purchases at Shoppers Drug Mart. When you use a President's Choice Financial Mastercard® you will also earn PC Optimum points for all Shoppers Drug Mart purchases charged to the credit card as follows: with the standard PC Financial Mastercard®, 10 points per dollar; with the PC Financial World Mastercard®, 20 points per dollar; with the PC Financial World Elite Mastercard®, 30 points per dollar.

7Balance Transfers for new accounts: You must apply by January 31, 2019 in order to be eligible for the current promotional balance transfer offer of a 0.97% interest rate for 6 months. Offer is available to eligible new customers only, within 90 days of your President's Choice Financial® Mastercard® account ("Account") approval. This offer may be changed, extended or cancelled without notice. Promotional interest rate is annual and applies, unless your Account is in default, only to the transferred amount for 6 months after the transaction date, after which the cash advance interest rate applicable to your Account applies to any remaining balance until the balance is paid in full, unless your Account is in default. Balance transfers are treated like cash advances and interest is charged from the date the transfer occurs, which may be up to 30 business days from your activation of the Account. Continue making your minimum payments on accounts from which you are transferring until the balance transfer amounts are credited to those accounts in order to avoid late charges and penalties. If the total amount to be transferred is more than your available credit limit, President's Choice® Bank ("PC® Bank") may send your creditors either full or partial payment up to the amount of your available credit limit. PC® Bank reserves the right to limit the number and amount of balance transfers and to decline them for any reason. Balances from other President's Choice Financial® accounts are not eligible to be transferred. Stop payments are not allowed. PC Optimum points are not earned on balance transfers unless otherwise specified. Please refer to your Cardholder Agreement and Card Carrier disclosures for further information.

®/MD Shoppers Drug Mart is a registered trademark of 911979 Alberta Ltd., used under license.
Esso is a trademark of Imperial Oil Limited. Imperial Oil, licensee.

‡President's Choice Financial Mastercard® is provided by President's Choice Bank.

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.

Pros

  • 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.

Cons

  • 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

Apply Online