President’s Choice Financial® Mastercard® Review

  • 5 min read

Imagine being able to earn free groceries based on your monthly purchases charged to your credit card. Now imagine being able to earn $20 in free groceries from the moment you are approved. Is that something that sounds worthwhile to you? If so, then the President’s Choice Financial® Mastercard® might just be the credit card you’ve been looking for!

How Do You Earn Reward with the PC MasterCard?

With the rewards program on the PC Financial MasterCard, 10,000 PC points in your rewards account equals $10.00 in groceries. When you are approved for the card, you’ll receive 20,000 points right away. From there, you will earn 10 points for every $1 you spend on grocery purchases, household, and beauty products, plus more, at all participating store locations. You earn 25 points for every dollar spent at Shoppers Drug Mart, 30 points for every litre when filling up at Esso or Mobil gas stations, and 20 points for every dollar spent through PC Travel. You can also earn 10 PC points on every dollar charged to the card when you make purchases anywhere else.

The initial “welcome offer” on the card is 20,000 points, and you can redeem these rewards right away. After that, you can redeem points for groceries once you collect 10,000. President’s Choice designed this program with you in mind – with just $1,000 in purchases each month, you’ll earn $10 in groceries. Instead of paying for items directly through your bank account, you can simply charge them to your PC MasterCard, and then pay off the balance of your credit card at the end of the month. This will help you to earn and collect points that much faster.

What Are the Terms of the PC MasterCard?

An interest-free grace period of 21 days on purchases that are made means you can earn rewards, pay off your card, and not be charged any interest! For balances that do rollover month-to-month: the base APR is 20.97%.

For cash advances, there is a 22.97% APR in place. With prior notice to you, the purchasing APR may be increased to 25.97% based on how you use your card or if there are reductions to your credit score. If you miss payments, a default APR of 25.97% may apply to your account.

The PC Mastercard also offers an introductory balance transfer APR for all new accounts. For the first six months, all qualifying debts that are transferred onto your new PC MasterCard will have a 0.97% APR, unless you miss two consecutive months of payments.

There is a foreign currency transaction fee of 2.5% that applies as a markup to the purchasing price. This is typically applied to purchases made in US dollars and then converted into Canadian dollars but does apply to all foreign currencies as well. For a full schedule of other fees that you may be charged based on your purchasing habits, be sure to read this helpful chart of all the fees involved with the PC MasterCard.

Not only do you unlock a points program that offers tremendous reward value, the PC Financial Mastercard also provides free Purchase Assurance and Extended Warranty. You can add up to four family members as added cardholders on the account; this offers more opportunity to earn points.

For more information, visit President’s Choice Financial® Mastercard®.

President’s Choice Financial® World Mastercard®

Enjoy all the rewards (and more) of a regular PC Financial Mastercard, by applying for the PC Financial World Mastercard.

With this no-fee credit card, you can earn 20 points for every dollar spent at participating President’s Choice retailers, while also earning 35 PC points for every dollar spent at Shoppers Drug Mart. Earn 30 points for every liter when you fill up at Esso or Mobil gas stations, 20 points for every dollar spent through PC Travel, and 10 points when charging purchases on the card anywhere else.

Along with the benefits of free Extended Warranty and Purchase Assurance, as a PC Financial World Mastercard holder you also gain access to their 24/7 concierge service, which organizes dinner and entertainment reservations, helps to deliver gifts, and reserves concert and events tickets. Plus, you can reach out to the Mastercard Global Services, which can be accessed anywhere worldwide, for help with card replacements or emergency cash advances. You are also offered a variety of dining, entertainment, and travel offers.

It is important to note, the requirement when applying for the PC Financial World Mastercard includes a minimum annual income of $60,000 or combined household income of $100,000.

For more information, visit President’s Choice Financial®World Mastercard®.

President’s Choice Financial® World Elite Mastercard®     

The third tier of the PC Financial Mastercard is the World Elite, which is a level up from the PC Financial World Mastercard. It provides incredible benefits, added rewards, and much like the other two options, it has no annual fee.

With the PC Financial World Elite Mastercard, you can earn 30 points for every dollar spent at all President’s Choice grocery brands, while earning 45 PC points for every dollar spent at Shoppers Drug Mart. Earn 30 points for every liter when you fill up at Esso or Mobil gas stations, 30 points for every dollar spent through PC Travel, and 10 points for purchases charged to the card anywhere else.

In addition to the benefits from the World Mastercard, the World Elite Mastercard offers Travel Emergency Medical Insurance, Car Rental Collision/Loss Damage Waiver, as well as Identity Theft Assistance— lucrative add ons for those who travel frequently.

A minimum annual income of $80,000 or combined household income of $150,000 is required to apply.

If you’re looking for a useful credit card that can offer benefits, rewards, and so much more, then one of the PC Financial Mastercard options above is something to consider.

For more information, visit President’s Choice Financial® World Elite Mastercard®.



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Christopher - BSc, MBA

With over two decades of combined Big 5 Banking and Agency experience, Christopher launched Underbanked® to cut through the noise and complexity of financial information. Christopher has an MBA degree from McMaster University and BSc. from Western University in Canada.