President’s Choice Financial Mastercard
Annual Fee
$0.00
Interest Rate
19.97%
Balance Transfer
0.97%
Cash Advance
22.97%
Credit Score
Good
Rewards
1.00%*
- Earn 10 PC Optimum Points for every dollar spent using your President’s Choice Financial Mastercard.
- Earn 25 points per dollar spent in Shopper’s Drug Mart, 20 points per dollar spent on PC Travel, and 3 cents per liter at Esso Mobil in PC Optimum Points.
- Redeem $10 worth of free products and groceries at participating stores and websites when you earn 10,000 points.
- Mastercard Global Service replaces your card or offers a cash advance in case of emergency.
- Free Purchase Assurance in the event of theft, loss or damage in the first 90 days when you pay in full with your PC Financial Mastercard credit card.
- Free Extended Warranty doubles the manufacturer’s regular warranty for up to an additional year on items purchased with your PC Financial Mastercard credit card.
- Add up to four free additional cards on your account for family members, so you can earn points even faster.
- 0.97% Promotional balance transfers interest rate for the first 6 months
- Free Purchase Assurance
- Free Extended Warranty
- Account Balance Protection – Standard (optional)
- Account Balance Protection – Involuntary Job Loss only (optional)
- Credit Alert Plus (optional)
- Account Balance Protection – Spousal (optional)
Subject to credit approval
You must be a Canadian resident who is of the age of majority in your province/territory of residence.
Summary
The President’s Choice Financial Mastercard is your key to free. It’s easy, you’ll earn PC Optimum points for every dollar you spend on your PC Financial Mastercard everywhere you shop. So the more you use the card the more points you’ll earn. All with no annual fee.
Our Review
President’s Choice Financial Mastercard
The President’s Choice Financial MasterCard allows you to earn points, for no annual fee, anywhere you shop. These points can be redeemed in increments of 10,000 ($10 worth) for almost anything found at Loblaws-affiliated grocery stores, Joe Fresh, PharmaprixMD and Shoppers Drug Mart.
If you shop at Loblaws, Shopper’s Drug Mart, or get your gas at Esso gas stations regularly, and are looking to get rewards back for those purchases, this card is a good option for no annual fee. However, because the points can only be redeemed in increments of 10,000, this may not be the card for you if you don’t tend to spend much on groceries- it may take you a long time to rack up enough points to redeem.
As per our rating system, this card scored 18/25 on rewards, 19/25 on interest rates and balance transfers, 7/25 on perks and insurance, and 25/25 on annual fees. Therefore, the total smart score of this card is 69/100.
Pros
- Earn 10 PC Optimum Points for every dollar spent using your President’s Choice Financial Mastercard.
- Earn 25 points per dollar spent in Shopper’s Drug Mart,
- Earn 20 points per dollar spent on PC Travel.
- Earn 3 cents per liter at Esso Mobil in PC Optimum Points.
- No annual fee.
- Free Purchase Assurance in the event of theft, loss or damage in the first 90 days when you pay in full with your PC Financial Mastercard credit card.
- Free Extended Warranty doubles the manufacturer’s regular warranty for up to an additional year on items purchased with your PC Financial Mastercard credit card.
- Add up to four free additional cards on your account for family members, so you can earn points even faster.
- 0.97% Promotional balance transfers interest rate for the first 6 months
Cons
- You may only redeem points on products found at Loblaws-affiliated grocery stores, Joe Fresh, PharmaprixMD and Shoppers Drug Mart.
- You may only redeem points in increments of 10,000 ($10 worth).