President's Choice Bank
PC World Elite Mastercard
Welcome Bonus
Earn 20,000 bonus PC Optimum points
points groceries no-fee pharmacy gas frequent-shoppers
Annual Fee
No annual fee
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Quick Stats
Annual Fee
$0
Purchase APR
21.99%
FX Fee
2.5%
Card Type
mastercard
Rewards & Earning Rates
| Spending Category | Earn Rate |
|---|---|
| Shoppers Drug Mart/Pharmaprix | 45 points per $1 (4.5% back) |
| Participating Grocery Stores | 30 points per $1 (3% back) |
| Joe Fresh | 30 points per $1 (3% back) |
| All other purchases | 10 points per $1 (1% back) |
Welcome Bonus Details
Earn 20,000 bonus PC Optimum points (worth $20) when you make your first purchase with your new card
Fees & Interest Rates
| Annual Fee | $0.00 |
| Additional Card Fee | $0.00 |
| Purchase Interest Rate | 21.99% |
| Cash Advance Interest Rate | 22.97% |
| Foreign Transaction Fee | 2.5% |
Pros & Cons
Pros
- No annual fee despite World Elite status
- Exceptional 4.5% earn rate at Shoppers Drug Mart
- 3% at major Canadian grocery chains (Loblaws family)
- Points never expire and no earning caps
- Easy redemption at over 4,500 locations across Canada
- World Elite Mastercard benefits (concierge, travel insurance)
- Instant statement credit option for points redemption
Cons
- High income requirements ($80K/$150K) limit accessibility
- Best value only if you shop at PC-affiliated stores regularly
- Lower redemption value for statement credit (0.7¢ vs 1¢ per point)
- 2.5% foreign transaction fee
- Points worth less than true cashback (10 points = 1¢)
- Higher than average interest rates
Eligibility Requirements
Requires $80,000 personal or $150,000 household income; good to excellent credit
Recommended Credit Score: 700+
Categories
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