PC Financial Mastercard Review – No Annual Fee Credit Card in 2019

Are you looking for the PC Financial Mastercard Review in 2019? I’ve got you covered.

PC Mastercard is one of the most popular credit card’s in the market since you are able to earn 3X PC Points at popular stores including Shoppers Drug Mart, Loblaw’s, No Frills, Real Canadian Superstore and Joe Fresh; totalling nearly 4,500 stores in Canada.

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.Let’s get started. 

A Quick Introduction to The PC Financial Mastercard 

The President’s Choice Financial Mastercard offers three credit cards – all with similar features, except that rewards earned per dollar spent and a few more perks get added if you can qualify for a more premium card based on your income or spending levels.

PC Mastercard’s an interesting option for you, to get reward points while purchasing various products. The best thing about it – no annual fees.

PC Financial Mastercard has been around for a few years now and it continues to provide great value and efficiency to its customers. The interesting thing about it is that they are continually improving and working on it. 

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PC Financial Mastercard – Earning Points and Redeeming It 

The thing you have to note about PC Mastercard is that it always strives to retain a very good transparency. As of Feb. 1st, 2018 PC Plus and Shoppers Optimum merged to become PC Optimum which makes earning and redeeming points even more easier.

At the moment, PC Mastercard is offering you $10 in free groceries if you earn 10000 PC points.

For every 10,000 points you earn, you can redeem for $10 worth of free stuff from beauty to groceries and so much more at 4,500+ locations across Canada

PC Financial Mastercard

  • No Annual fee

  • Earn 25 PC Optimum Points per $1 dollar spent at Shoppers Drug Mart

  • Earn 30 PC Optimum Points per $1 spent where PC Products are sold

  • Earn 20 PC Optimum Points per $1 spent at PC Travel

  • Earn 30 PC Optimum Points per litre at Esso/Mobil locations

  • Earn 10 PC Optimum Points per $1 spent on all other purchases

PC Financial World Mastercard

  • No annual fee

  • Earn 35 PC Optimum Points per $1 dollar spent at Shoppers Drug Mart

  • Earn 30 PC Optimum Points per $1 spent where PC Products are sold

  • Earn 20 PC Optimum Points per $1 spent at PC Travel

  • Earn 30 PC Optimum Points per litre at Esso/Mobil locations

  • Earn 10 PC Optimum Points per $1 spent on all other purchases

PC Financial World Elite Mastercard

  • No annual fee

  • Earn 45 PC Optimum Points per $1 dollar spent at Shoppers Drug Mart

  • Earn 30 PC Optimum Points per $1 spent where PC Products are sold

  • Earn 30 PC Optimum Points per $1 spent at PC Travel

  • Earn 30 PC Optimum Points per litre at Esso/Mobil locations

  • Earn 10 PC Optimum Points per $1 spent on all other purchases

pc mastercard

Earning points is pretty easy and straight forward. You’ll get 30 PC points for every dollar you spend at pctravel.ca, PC Mobile, Pharmaprix, Shoppers Drug Mart and Loblaw’s.

Basically, it works out to a 3% cash rebate and this is the standard amount that you will have to stick with as long as you have the PC Mastercard.

 

pc mastercard

 

You’ll always want to avoid paying any fees especially for reward cards.

PC Mastercard – Average monthly spend and point earnings 

Here’s an illustration keeping in mind average monthly spendings for a family of 3.

Let me give you an example here. If you’ll spend around $1000 on the card per month, you have the potential to earn around $300+ in a 24-month period.

While that might not seem like a lot considering the timelines, it’s still money you won’t have to pay for groceries and that’s exactly what you need to keep in mind here. If you add the PC Optimum card and use PC Travel, this can add up to a very fast earning rate.

Of course, this means you have to stick to their program for a considerable amount of time and longer duration. Yes, there are obvious challenges along the way, but the most important thing is that once you get this card, you will earn more and more once you use their services.

PC Mastercard – Sign-up and Transfer Bonus ?

If you’re new to PC Mastercard, you will notice that they are offering you a 0.97% balance transfer interest rate for half a year. But you’ll need to make the transfer within 90 days after creating the account. Post this, the balance transfer rate will rise up to 23% almost, and you also need to pay 1% of the full balance too, which is exactly what you’ll want to avoid.

Interest rates – PC Mastercard 

PC Mastercard’s carry an interest rate of 19.97% for purchases, cash advance rate is 22.97%.

pc mastercard

Both these interest rates are quite normal and standard among the Canadian credit cards.

However, if you’re not making the minimum payment for 2 months, the rates will go up to 25.97% and cash advance to 27.97%.

Obviously that’s bad if you want to carry any balance on your card. 

PC Mastercard – Add-On Benefits

What you’ll really like about the PC Mastercard is that you have a ton of add-on benefits which comes with the package.

Some of them are simple, others more complex, but they do add up to create a pretty good package.

For example, you’ll have purchase assurance for 90 days and extended warranty for a complete year. You’ll also have identity theft restoration. Now isn’t that something you will enjoy when buying something knowing it’s covered for you. 

Few other things you need to know here – Being able to regain control over the card and having the opportunity to avoid any legal hassle is always great. The ITR system mentioned above is actually very comprehensive and good.

Few Other Things to Know About The PC Mastercard 

PC Mastercard’s also lets you to add up to 4 additional cards for your immediate family members, something that a lot of people will want. After all, everyone will want to save as much as you do, and having this kind of support and a chance to acquire more points does make a lot of sense.

Again, you will be restricted to specific shopping locals if you want lots of PC points. Yet it’s the type of thing that does have the potential to pay off big time if you know how to use it, so try to keep that in mind.

With the PC Mastercard you’ll also have personalized convenience cheques and a card replacement in case of emergencies.

It’s safe to say that at times people can lose their card, so having a comprehensive system that will replace your card in case it’s lost or stolen does help quite a bit.

It’s not the simplest thing to do, but it can pay off quite a lot.

Another good thing related to the PC Mastercard is that in the case you have involuntary job loss, standard or spousal loss protection which ranges from 79 cents to $1.19 for every $100 you spend. It’s not much, but it’s a benefit that a lot of companies don’t really offer. 

PC Mastercard – Any Downside Really? 

The PC Financial Mastercard is very easy to use and the fact that you have a variety of ways to earn points is very nice.

You’ll also have many different companies and options where you can shop from.

The sign up bonus you’ll get is also quite impressive and interesting to begin with. The point system is nice and the fees are very low, not to mention the earning potential is something you can improve as you see fit. 

The only downside I see is that you’ll will end up limited to certain companies to earn points; which might come with certain restrictions.

But once you enter into the PC ecosystem, you will have to play by the rules. Also, the PC Mastercard interest rate and cash advance rate will increase automatically after 2 months of not paying your debt.

Conclusion

The PC Financial Mastercard is a great rewards card and it does help you save quite a lot of money.

Benefits work great, it’s easy to use and adapt to your requirements, and you will be happy with it. I can assure you that with total confidence. 

If you’ll shop at Shoppers Drug Mart or Loblaw’s owned stores, then getting a PC Mastercard is a must since it’ll allow you to earn more points. Which card you get depends on your income, but you’ll be earning extra points regardless of what card you get.

Please let us know your thoughts and comments below. 

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