President’s Choice Financial World Mastercard
Annual Fee
$0.00
Interest Rate
19.97%
Balance Transfer
0.97%*
Cash Advance
22.97%
Credit Score
Fair
Rewards
2.00%*
- Earn 20 PC Optimum Points per $1 in affiliated Loblaw banner grocery stores and Shoppers Drug Mart / Pharmaprix
- Earn 10 PC Optimum Points for every dollar spent using your President’s Choice Financial Mastercard.
- Earn 35 PC Optimum 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.
- As soon as you earn 10,000 points you can redeem for up to $10 worth of free products and groceries at any participating stores or online at Beautyboutique.ca, JoeFresh.ca and PC Express websites.
- 24/7 concierge service to make dinner reservations, reserve event tickets, deliver gifts and more
- 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 World 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 World Mastercard credit card.
- Account Balance Protection – Standard
- Account Balance Protection – Involuntary Job Loss only
- Credit Alert Plus
- Account Balance Protection – Spousal
A minimum annual personal income of $60,000 or household income of $100,000 is required for a new PC Financial World Mastercard.
Summary
The President’s Choice Financial World Mastercard allows you to pay with your PC Financial World Mastercard everywhere you shop and watch your PC Optimum points add up to free groceries and more before your very eyes. All with no annual fee.
Our Review
President’s Choice Financial World Mastercard
The President’s Choice Financial World 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. With this card you’ll also have access to exclusive in-store promos while you earn points at a fast pace.
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 in Loblaws-affiliated stores, this may not be the card for you if you don’t tend to spend much in those eligible stores.
As per our rating system, this card scored 17/25 on rewards, 18/25 on interest rates and balance transfers, 9/25 on perks and insurance, and 25/25 on annual fees. Therefore, the total smart score of this card is 69/100.
Pros
- Earn 20 PC Optimum Points per $1 in affiliated Loblaw banner grocery stores and Shoppers Drug Mart / Pharmaprix
- Earn 10 PC Optimum Points for every dollar spent using your President’s Choice Financial Mastercard.
- Earn 35 PC Optimum 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.
- No annual fee.
- As soon as you earn 10,000 points you can redeem for up to $10 worth of free products and groceries at any participating stores or online at Beautyboutique.ca, JoeFresh.ca and PC Express websites.
- 24/7 concierge service to make dinner reservations, reserve event tickets, deliver gifts and more
- Free Purchase Assurance and free Extended Warranty
- Access exclusive deals and promos in-store.
- For the first 6 months of card membership, the interest rate on balance transfers is 0.97%. After that, the rate rises to 22.97%.
Cons
- No cash back option. You may only redeem benefits in stores that are affiliated with President’s Choice.
- You may only redeem points in increments of 10,000 (at a value of $10 in store).
- This card does not offer travel insurance coverage.