President's Choice Financial Mastercard

President's Choice Financial Mastercard Overview

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Want a key to free cards? The President’s Choice Financial Mastercard is your answer. With no annual fee, you can easily earn PC Optimum points for every dollar using the President’s Choice Financial^® Mastercard^®.

If you want to earn 10 PC Optimum points for every $1, you can use it at participating grocery stores such as Loblaws, No Frills, Real Canadian Superstore, Maxi and more.

Using the President’s Choice Financial Mastercard at Shoppers Drug Mart will give you 25 PC Optimum points per $1, 30 PC Optimum points per litre at Esso Mobil, 20 PC Optimum points per $1 at PC Travel and 10 PC Optimum points per $1 everywhere else.

For example, based on PC Financial World Elite Mastercard®, if your monthly spending is $2,100, you can get up to $371 in PC Optimum points during your first year, depending on which card you are eligible for.

To be eligible for this card, you must undergo a credit check and approval and other eligibility criteria (given upon application).

Essential information

Network

Mastercard

Provider

PC Financial

Card type

Cash Back Mastercard

Rewards

10 PC Optimum points for $1 in participating grocery stores like Loblaws, Valu-Mart, Real Canadian Superstore, Zehrs, Joe Fresh, Maxi, Dominion, Wholesale Club and more.
25 PC Optimum points for $1 from Shoppers Drug Mart.
30 PC Optimum points for $1 from Esso Mobil.
20 PC Optimum points for $1 from PC Travel.
10 PC Optimum points for $1 from everywhere else.

Other perks

21 days interest-free grace period on new purchases
Card replacement and cash advance from Mastercard Global Service^TM in case of an emergency
Add up to four additional cards to your account for free to allow you to earn points quicker

Pc Financial Credit Cards Rewards - Comparewise

Cost and fees

$0 annual fee
20.97% Purchase Interest Rate (standard)
22.97% Cash Advance Interest Rate (standard)
21.97% Cash Advance Interest Rate (in Quebec)
PC Financial may increase Purchases and Cash Advances Rate to the Performance Rate of 25.95% for Purchases and 27.95% for Cash Advances based on a review of the following:
– Your account use (whether it has exceeded the credit limit or has dishonoured payment transactions).
– Your credit report and history.
PC Financial may increase your interest rate to the Default rate of 25.97% for Purchases and 27.97% for Cash Advances if you:
– Do not make the minimum payment by the due date for two consecutive months.
– Are not in full compliance with the terms of your cardholder agreement.
Foreign Currency Conversion: 2.5%

Other fees

Cash Advance at a bank machine or teller in Canada: $3.50
Cash advance outside Canada: $5
Overlimit charge if over the credit limit on statement date: $29
Cash equivalent transaction (such as for a wire transfer or money order): 1% (minimum $5, maximum $10)
Dishonoured payment or convenience cheque: $42
Copy of a sales draft or previous account statement: $10
Credit balance refund made by cheque: $20
Balance Transfer: 1% of the transferred amount will be charged for balance transfers requested 6 months or more after account approval.

FAQs about the
President's Choice Financial Mastercard

What Is The President's Choice Financial Mastercard?

The President's Choice Financial Mastercard is the quickest way to earn PC Optimum points. You can earn more points the more you use your card. For example, every 10,000 PC Optimum points are $10 worth of free stuff at participating stores like Loblaws, Real Canadian Superstore, No Frills, Joe Fresh and Shoppers Drug Mart and more.

When Can I Expect To Receive My President's Choice Financial Mastercard?

Once your application is approved, you can expect to receive your new President's Choice Financial Mastercard within 5-7 business days. Your new card will have a Welcome Kit which includes your President's Choice Financial Mastercard agreement, Certificate of Insurance and a Benefits Guide that outlines all your benefits and valuable information.

How Can I Apply For The President's Choice Financial Mastercard?

You can apply for the President's Choice Financial Mastercard on their website or visit a President's Choice Financial location to apply with an in-store representative.

What Are The Fees Associated With The President's Choice Financial Mastercard?

The President's Choice Financial Mastercard does not have an annual fee. However, the standard Purchase Interest Rate is 20.97%, the Cash Advance Interest Rate is 22.97%, and Cash Advance Interest Rate in Quebec is 21.97%. For a detailed version of fees, click here.

General Terms

View Cardholder Agreement here. View all applicable fees here. ‡An award-winning credit card, President's Choice Financial received the highest customer recommendation score among credit card issuers in Forrester's proprietary 2020 CX Index™ survey. The ranking was based on responses from 9,004 respondents measuring 12 brands. The proprietary survey results are based on consumers' opinions of the experiences with the brands in the survey. Forrester Research does not endorse any company included in any CX Index™ report and does not advise any person to select the products or services of any particular company based on the ratings included in such reports. President's Choice Financial received the highest customer recommendation score among credit card issuers in Forrester's proprietary 2020 CX Index™ survey. The ranking was based on responses from 9,004 respondents measuring 12 brands. The proprietary survey results are based on consumers' opinions of the experiences with the brands in the survey. Forrester Research does not endorse any company included in any CX Index™ report and does not advise any person to select the products or services of any particular company based on the ratings included in such reports. 1Our stores means affiliated Loblaw banner grocery stores and Shoppers Drug Mart / Pharmaprix. Visit pcoptimum.ca for details on participating stores where the PC Optimum program is offered. 2All PC Optimum members earn 15 points per dollar at Shoppers Drug Mart and Pharmaprix. When you use your President’s Choice Financial Mastercard® you will earn additional points per dollar: 10 points per dollar for President’s Choice Financial Mastercard® cardholders; 20 points per dollar for President’s Choice Financial World Mastercard® cardholders; and 30 points per dollar for President’s Choice Financial World Elite Mastercard® cardholders. 3Points amount shown includes the 10 points per dollar for all purchases with the President’s Choice Financial Mastercard®. In addition, earn at least 10 PC Optimum points per purchased litre of gasoline or diesel fuel at Esso and select Mobil stations in Canada when you pay with your PC Financial Mastercard®. You will also earn at least 10 PC Optimum points per litre available to all PC Optimum loyalty members at Esso™ and Mobil™ stations in Canada. Earn an additional 10 points per litre of premium gasoline (Octane 89, 91, 93) at Esso and select^ Mobil™ Stations. You could earn even more points at Mobil™ stations located adjacent to a Loblaw banner grocery store. Exact earn rate at the station nearest you is available in the station locator located at pcfinancial.ca/gas . Should fuel prices fall below $1/L, causing total points per litre awarded to fall below 30 points per litre, points will be topped up to ensure a minimum of 30 points per litre are awarded in all transactions paid with a PC Financial Mastercard® at Esso™ and Mobil™ locations. For full details including how points are awarded to your account and rounding rules, visit pcfinancial.ca/gas . 4Get a bonus 10 PC Optimum points per dollar of your PC® travel services purchase (taxes included) charged to your President's Choice Financial Mastercard or President's Choice Financial World Mastercard and 20 bonus PC Optimum points per dollar charged to your President's Choice Financial World Elite Mastercard, in addition to the regular 10 points per dollar earned for all purchases on these card. Bonus points will be shown as “PC® Travel Bonus Rewards” on your PC Optimum points statements. Account must be in good standing. Offer subject to change. PC® travel services are provided by 8742995 Canada Inc. doing business as Travel Nation Canada. President's Choice Bank and its related companies are not affiliated with Travel Nation Canada and are not responsible for delivery of the services or liable in connection therewith. 5Earn a minimum of 10 PC Optimum points per dollar on all of your purchases charged to the credit card. Any bonus PC Optimum points offers available to all President's Choice Financial World Mastercard customers are calculated based on the regular earnings rate of 10 PC Optimum points per dollar spent. This offer may be terminated or changed at any time. 6Balance Transfers for new accounts: You must apply by December 31, 2021 in order to be eligible for the current promotional balance transfer offer of a 0.97% interest rate for 6 months. Offer is available to eligible new customers only, within 90 days of your President's Choice Financial Mastercard account ("Account") approval. This offer may be changed, extended or cancelled without notice. Promotional interest rate is annual and applies, unless your Account is in default, only to the transferred amount for 6 months after the transaction date, after which the cash advance interest rate applicable to your Account applies to any remaining balance until the balance is paid in full, unless your Account is in default. Balance transfers are treated like cash advances and interest is charged from the date the transfer occurs, which may be up to 30 business days from your activation of the Account. Continue making your minimum payments on accounts from which you are transferring until the balance transfer amounts are credited to those accounts in order to avoid late charges and penalties. If the total amount to be transferred is more than your available credit limit, President's Choice Bank ("PC Bank") may send your creditors either full or partial payment up to the amount of your available credit limit. PC Bank reserves the right to limit the number and amount of balance transfers and to decline them for any reason. Balances from other President's Choice Financial accounts are not eligible to be transferred. Stop payments are not allowed. PC Optimum points are not earned on balance transfers unless otherwise specified. Please refer to your Cardholder Agreement and Card Carrier disclosures for further information. 7Calculation Assumptions for PC Financial World Elite Mastercard Grocery category purchases are all made at participating grocery stores where President's Choice products are sold at an earnings rate of 30 PC Optimum points per $1 spent. Participating grocery stores means the following: Atlantic Superstore, Extra Foods, Fortinos, Loblaws, Maxi, Maxi & cie, no frills, Provigo, Real Canadian Superstore, SaveEasy, SuperValu, valu-mart, Your Independent Grocer, Zehrs, and Dominion stores in Newfoundland and Labrador. Drug store category purchases are all made at either Shoppers Drug Mart, Pharmaprix or participating grocery stores where President's Choice products are sold at an earnings rate of 30 PC Optimum points per $1 spent. Gas category purchases are calculated at a rate of 10 PC Optimum points per $1 spent. Bonus PC Optimum points per litre of gas are calculated at an earnings rate of 30 points per purchased litre of gasoline at Esso™ and Mobil™ stations in Canada, which includes the points per litre available to all PC Optimum members, which may vary by province and location. You may be eligible to earn additional points depending on the card you hold, the location of the Esso™ and Mobil™ stations in Canada, and the type of fuel you purchase. Travel category purchases are all made with PC™ travel services at pctravel.ca at an earnings rate of 20 PC Optimum points per $1 spent. All other purchases "All other purchases" are calculated at an earnings rate of 10 PC Optimum points per $1 spent. 10,000 PC Optimum points = $10 in free rewards. Minimum redemption is 10,000 PC Optimum points (worth $10 in free rewards) and in increments of 10,000 PC Optimum points thereafter, at participating stores. Some redemption restrictions apply. Visit pcoptimum.ca for details and full store list. All results are shown for illustrative purposes only. Offer may be terminated or changed at any time.