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President’s Choice Financial® World Elite Mastercard®

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

President’s Choice Financial® World Elite Mastercard®

Earn 45 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 3.00% *Equivalent value in PC Optimum points
  • Card Details Details
  • Our Review Review

Card Details


  • *Earn 30 PC Optimum points6 for every $1 spent at Shoppers Drug Mart®, in addition to the base 15 points all PC Optimum members earn

  • Bonus of up to 3 cents per litre in PC Optimum points at Esso stations3

  • Earn 30 PC Optimum points for every $1 spent in Loblaw banner stores2 and travel services at pctravel.ca5

  • Earn 10 PC Optimum points for every $1 spent everywhere else

  • New cardholders enjoy a low balance transfer rate of 0.97% for 6 months7

  • NO annual fee


Please note: a minimum annual personal income of $80,000 or household income of $150,000 or a minimum spend of $25,000 per year is required for this premium card. If you do not meet the minimum income requirements for the President's Choice Financial World Elite Mastercard®, your application will be considered for the President's Choice Financial World Mastercard® or standard President's Choice Financial Mastercard®.

Features and Benefits

  • Purchase protection and extended warranty

RateSupermarket.ca's Review

If you do your grocery shopping where President's Choice products are sold and frequent Shoppers Drug Mart or PharmaprixMD, you'll want to pay close attention to the PC Financial® World Elite Mastercard®. The card allows you to earn PC Optimum points which can then be put towards any purchases made at participating stores such as Loblaws, Real Canadian Superstore, Joe Fresh, Shoppers Drug Mart and more. When you factor in the targeted offers and bonus points available in store, this card is a winner! Earning rewards towards food, cosmetics, cellphones, and merchandise has never been so easy.

 

For a no fee card, the earning rate can't be beat. You're basically getting 3% in cash equivalent points at grocery stores where President's Choice products are sold and 4.5% at Shoppers Drug Mart and PharmaprixMD. If you're partisan to Esso gas, you also earn at least 30 points per litre at Esso locations. Not to mention the 10 points per $1 spent on all other purchases, making the PC Financial® World Elite Mastercard® a considerable option for everyday purchases.

 

And with the President's Choice Financial® World Elite Mastercard®, you can earn additional points on special offers exclusive to PC Optimum cardholders.

Earning Potential: $736.50-worth of PC Optimum points

So, 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

 

 

Rewards earned over a 24-month period: 777,595.20 PC Optimum points

Monetary worth: $736.50 in PC Optimum points

 

*Source: Statistics Canada

**Based on $1.00/litre gas prices

 

That's a heck of a lot of free groceries (or duds from Joe Fresh, which is our personal guilty pleasure when popping into Loblaws for milk).

Pros

  • No annual fee!
  • You can redeem points for free groceries or merchandise at President's Choice-affiliated retailers, so this card is especially beneficial if you frequently shop at store like Loblaws, Fortinos, Joe Fresh and Shoppers Drug Mart.
  • Cardholders get exclusive in-store promos where you can take advantage of earning even more points than those with just the PC Optimum points card.
  • For a limited time, new cardholders can also take advantage of a 0.97% balance transfer interest rate for the first six months. In order to get this rate, applicants must be new PC Financial customers and are required to make the transfers within 90 days of opening the account. After six months, the balance transfer rate goes up to 22.97%, and each transfer will be subject to a fee equal to 1% of the amount transferred.
  • You get purchase protection and extended warranty features with the card.
  • Up to four free additional cards on your account for family members, so you can earn PC Optimum points even faster.
  • You can pay for items with your iPhone (as it's now compatible with Apple Pay).

Cons

  • You're limited to only earning PC Optimum points with card, so if you want more flexible rewards, try one of the best cash back credit cards in Canada instead!
  • Minimum redemption is 10,000 PC Optimum points (worth $10 in free rewards) and in increments of 10,000 points thereafter at participating stores.
  • The card doesn't come with an extensive travel and health insurance package. However, it does come with 10 days of travel emergency medical insurance, covered up up to $1,000,000 as long as you're under the age of 65. Also, the included car rental collision/loss damage waiver insurance is good for 31 days which is a bit shorter than other travel rewards credit cards, but you are insured up to $65,000.

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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